Trapped in this disconnect is a LOT of value. Repux is a marketplace that lets small and medium businesses sell anonymized data to developers. How it works:
The Repux token is the medium of exchange on the marketplace and the ONLY way to transact.
The platform is live and usable (Click Here).
Unlike most other token sales that launch with just an idea and a white paper, we have a working product.
Signed up 3 pilot companies
(WorkHQ, FungyuCPA, Dascom) that collectively represent a reach of millions of small and medium enterprises.
Dr. Jay Best is a crypto currency pioneer and visionary with an affiliation to MIT and Cambridge University where he lectures. He is a strategic advisor to the Repux project and was named a the top Crypto Strategist in the UK In 2017.Meet the Rest of the Team
Doug is the co-creator of VeriCoin and a highly respected researcher in the blockchain community. He is also the lead developer of a novel protein design software library and a co-inventor of an influenza discovery process, for which he holds a patent. Doug has published numerous scientific papers in peer reviewed journals and is a key advisor to Repux.Meet the Rest of the Team
An early adopter merchant (doing about $300k in sales a year on Amazon) used Repux data to determine the optimal number of days to wait before emailing a follow-up coupon to new customers.
While the experiment has not yet attained statistical significance, the early results are promising. The coupons now get a higher take rate and this merchant will likely generate a couple extra sales each week.
The ‘third-party’ intelligent app used anonymized, aggregated Repux data to tune its machine learning model for the merchant’s product category and offer. On their own, this small merchant would never have had enough data--let alone the expertise--to take advantage of machine learning. And so far, we are just scratching the surface. Repux enables a whole world of possibilities when you consider all kinds of metrics an online retailer could optimize!
A museum like the Smithsonian has amassed lots of data over the decades. A treasure trove of Images and rich meta-data that software developers would die for to train their machine learning algorithms!
Today, this data lies mostly unused. But what if they uploaded it to Repux? Not only would they earn a bit of cash from this dusty data but an entire community that values it could finally have access.
Plus, the data would be in a usable format that saves developers time and expense while Repux’s ratings and reputation system would ensure trust. All kinds of interesting apps could then be built, and the Smithsonian’s cultural impact multiplied many times over. Truly a win, win, win scenario--the Smithsonian, software developers and society all benefit.
Have you heard the company Artiq? They use Deep Learning (an extremely data intensive branch of Machine Learning) to process natural language for clients.
Their problem? They spend about 80% of their revenue on data acquisition and preparation.
80% on just acquiring data.... that’s not even including the analysis, insights and application.
What if all they had to do was enter a few search terms to find the data?
What if all that data was already organized and anonymized thanks to the RepuX protocol?
What if they didn’t have to audit the data or its provider thanks to the rating and reputation system?
Even at a premium price, it would still represent HUGE savings on operating costs. They would make more money or be able to reduce their prices and attract more clients.
Artiq isn’t currently using RepuX but it is an example of an organization that could benefit immensely from it.
According to the Harvard Business Review, while the Artificial Intelligence and data revolution is upon us, most SMEs (Small and medium enterprises) have neither enough data nor the expertise to harness the power of Machine Learning. A marketplace like Repux allows millions of SMEs to have a fighting chance against the likes of Amazon, Google and Microsoft.
While there has been an explosion in the amount of data generated by businesses, NOT all data is useful. In particular, data without a certain authority backing it is often considered unusable. Repux has created a rating and reputation system to solve this issue.
Major partnerships in China-. The Economist magazine predicted China will leapfrog the USA in Artificial Intelligence due to a population that is 4x that of the US. “What happens in other countries in 1 day or 1 week, happens in China every 60 seconds” according to the 2017 World Internet Conference - attended by the CEOs of Google and Apple. Repux could become to data what Alibaba is to ecommerce.
OP - Operations silos | OUT - Outreach silos | TECH - Technology silos
OP: $400,000 Seed funding
OP: On-board advisors from the industry
OP: RepuX Foundation established
OP: Major distribution announcement via business partner
TECH: Code audit
OUT: Speaking at Blockchain Expo
TECH: RepuX Protocol Live
OUT: Attending Blockshow Asia
OP: Token sale
OP: Token sale audit
TECH: RepuX Protocol open for developers
TECH: RepuX Platform Allowing for Decentralised Enterprise Applications
17th November 2017 / 2pm UTC to
23rd January 2018 / 2pm UTC
6th of February 2018 / 5pm UTC to
9th of March 2018 / 5pm UTC
Use of proceeds
Enable trade of data and decentralized applications between companies and developers
1 REPUX = 0,20 USD
Hard cap: 33,100,000 USD
Soft cap: 1,000,000 USD
ETH, BTC and Wire Transfer
9th March 2018
No new tokens will be created
Enterprises have terabytes of data stored within their systems and have trouble using this for better business decision making or improved business efficiencies. Developers lack data to develop machine learning and artificial intelligence solutions and most importantly enterprise customers to sell back to. There’s a lot of value trapped within this disconnect.
RepuX is a protocol level framework upon which various types of corporate and user data can be monetized and exchanged between different parties. Combining multiple cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput block-chain, RepuX allows the creation of a highly decentralized marketplace for data and information.
An API will enable these marketplaces to be developed by 3rd parties to suit their specific niche. By conducting value and data transfers directly between peers in the protocol, RepuX allows the creation of various B2B (business to business) data sharing possibilities for excess user and corporate aggregate data, that does not exist in the current market. This direct and rapid value transfer through the RepuX token will eliminate the need for middlemen and intermediaries across multiple industries. With machine learning, big data and AI becoming more reliant on large-scale aggregate data, RepuX is well poised to take advantage of this and drive innovation in these respective fields.
By optionally allocating a reputation behind each entity and each transaction, and verified by an oracle system, we can ensure an integrity within the protocol and allow actors greater confidence in not only the presence but also quality of the data they are purchasing. With the RepuX, we hope to bring back value to user data.
Developers would be able to purchase and receive access to company data securely in real time to create decentralised applications. This would be available in a restful api across similar company and data types. They can preview the data, subscribe to it and even choose specific companies or across the industry. Afterwards, their applications, algorithms can then be listed with RepuX and sold back to companies with RepuX Tokens. Data access will have different permissions associated with it and developers/companies can develop a reputation over a period of transactions to safeguard the community.
RepuX is a protocol level framework upon which various types of immutable data can be commoditised and exchanged between different corporate and individual user parties.
Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain.
By creating and allowing for value and data transfers directly between peers utilising the protocol, RepuX allows for the creation data sharing possibilities for individual and corporate user and aggregate data, which do not exist in the current marketplace.
This direct and rapid value transfer through the REPUX token will allow for the creation of value for data creators, including individuals and thereby eliminate the need for middlemen and intermediaries across multiple industries.
For further details we invite you to read our White Paper.
Unlike the price of Bitcoin and Ethereum, the price of REPUX tokens is fixed. The price for the initial Public Token Sale looks like this: 0.20 US Dollar for 1 REPUX. Once the REPUX Token Sale ends in 9th of March 2018, the open market will decide on the value of REPUX tokens.
The Token sale is currently scheduled for:
We primarily accept Ethereum (ETH), as well as Bitcoin (BTC or XBT) and USD via Wire transfer for the REPUX Public Token Sale, which starts on the 6th of February 2018. Other cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), Zcash (ZEC), Dash (DASH) or Ripple (XRP) can be used indirectly by exchanging it on a cryptocurrency exchange like Shapeshift.
In case you consider exchanging fiat currency such as US Dollar (USD), Euro (EUR) or Japanese Yen (JPY), you can find a guide on how to go about buying Ethereum (or any other cryptocurrency for that matter) by reading our “ Token Sale Participation Guide”. It explains how to buy blockchain tokens in detail, like REPUX in our case. While we used the Kraken exchange in our example, there are a multitude of other exchanges available, such as Bitfinex or Bittrex to facilitate exchanges such as USD to ETH or EUR to ETH.
Supported wallets for the Token Sale include MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
You cannot use an exchange such as Bitstamp and Bittrex which manages your keys.
The Token Sale will run over a 31-day period starting from the 6th of February 2018 until 9th of March 2018. The rounds will continue until the cap of 33,1 mln USD is hit or the final round expires. During the Token Sale REPUX can be purchased in exchange for ETH, BTC or Wire Transfer, with minimum 100 USD contribution (or equivalent of 100 USD in BTC or ETH). During the Pre-Sale, the minimum contribution is 30,000 USD.
We will never post the token address to anywhere other than the official Token Sale website. Never send ETH, BTC or USD to any address you haven’t first verified the owner of.
ERC20 describes an Ethereum token standard and is used for Ethereum smart contracts. A smart contract replicates properties of traditional, offline contracts in an online environment. It is equally binding and uses the blockchain technology to enforce a contractual agreement between two, or multiple parties.
ERC-20 Token standard had a set of rules that Ethereum token must adhere to and has been adopted in wide range of crowdfunding projects like Token Sales or Initial Coin Offerings (ICO). For example, when a project is complete, a smart contract activates a payment, omitting the need for third party fund management. The REPUX token is ERC 20 compliant as well.
Upon completion of the Repux Token Sale on the 9th of March 2018, the REPUX team will immediately start the audit phase. Once the audit phase has been completed, the tokens will be send to your contribution address.
In the case that the public sale is sold out prior to this date, we plan to release the tokens manually, subject to technical and legal due-diligence of course.