RepuX: Protocol Level Framework
RepuX is a protocol level framework upon which various types of immutable data can be commoditised and exchanged
Over 10 years of experience working as Business Analyst in projects for banking, public administration and telco sectors. Worked for national census data analyzing, processing and reporting. Big Data enthusiast having in-depth knowledge of Business intelligence and Data Warehouse systems.
Yagub Rahimov is the CEO and co-founder of 7marketz Inc. group of companies. Starting his FinTech career at the age of 16, Yagub has established multiple companies in 18 countries with a special focus on alternative investment channels and machine learning. He has been advising a select list of top quality ICOs as well as investing in them.
Justin is the Chief Operating Officer of investFeed - the leading cryptocurrency social network – powered by over 105,000+ crypto specific investors and enthusiasts since transitioning into Beta in January 2018. Justin has been a part of several successful ICOs, including investFeed’s, and has a passion for progressive decentralization and blockchain innovation.
Cost of the token1 token for 0.2 $
Price without discounts
Discounts and BonusesCrowdsale
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users4
The project of creating a data exchange system on its platform using an inner token. This is quite a promising idea that aims to bypass intermediaries and different structures to exchange data between users using blockchain technology.
Risks and disadvantages
A lot of projects are working on this topic because this is a pretty serious question for many companies. A large number of participants means high competition, as well as the requirement to meet high standards to become noticeable among numerous competitors.
The project has good prospects because their project has some decisions that distinguish them from other companies and it's quite possible that it will give them a real advantage over competitors. I think this project can be successful in the near future.
The project has a strong team with extensive experience in business and finance, also there are many blockchain programmers and professional advisors, it increases the reliability of the project development. Also there is whitepaper, which contains useful information about the project and the conduct of ICO for potential investors. Also in the press there are many articles about the project that will help attract more investment.
Risks and disadvantages
The road map contains insufficient information about long-term development plans of the project, which can reduce the number of investors. Also, there is no transparent budget distribution scheme and information about freezing tokens, it can affect the cost of tokens after entering the exchange.
A platform to support business and receive rewards for sharing data in a secure, decentralized network is a promising business idea. The project will be useful for electronic commerce, health, accounting, microcrediting and advertising. The project looks pretty serious, if the team does a good job, I think the project will be profitable.
The idea to monetize information isn’t new, but this project combines a lot of decentralized technologies which can become a sort of innovation in this market. I really appreciated the futuristic character of this project, cause ICOs like this approve my thoughts about the future of the market and the world in general.
Risks and disadvantages
On the other hand, it seems to me that the project is on the alpha stage of its performance, which is not good at all. For instance, I can’t see your White Paper.
To conclude, the concept is perspective, but the realization is on alpha stage.
The project has a reliable and efficient team that portrays success of the project. The project has very promising traffic statistics which will encourage a number of investors that will come across this venture. The ratio of REPUX token to the $ will attract a number of potential investors at all levels hence increasing the number of community members and strengthening the token value. The team has a dynamic press team that will ensure effective popularity of the project. It enables the user to commercialize data. It enables the developers to make tailor made software for companies according to their data provided to the developer. It enables both the developers and the institutes to benefit in from the project.
Risks and disadvantages
The project accepts a limited number of cryptocurrencies which will hinder the project from getting potential investors with alternative cryptocurencies.
The project enables the SMEs to compete comfortably in the market with international enterprises by providing with a platform for acquiring data so as to carry our production according to relevant market trends. The project has an effective number of employees that will enable effective remuneration without difficulties. Monitization of data will bring many to realize the value of data creators. The project enables the development of SME's given the statistics that they are very many in the market will provide a large ready market for these projects.
What is RepuX?
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.
What are our goals and objectives?
Our goals and objectives for the RepuX Protocol are as follows:
• To develop a high throughput system whereby data can be monetized directly between collectors, developers and users;
• To build a secure reputation infrastructure within RepuX Token transactions that allows users to apply a semi-permanent record in a mutual transaction;
• To develop easy-to-use application programming interfaces (or APIs) that enable third-party developers to build upon our RepuX Protocol to create a variety of different applications;
• To maintain scalability and speed as high priorities during RepuX Protocol design and development; and • To integrate the RepuX Protocol with existing blockchain technology while building custom solutions in certain cases.
Our ultimate goal is to build a secure, reliable, high performance data transfer protocol that can be integrated with a wide variety of different applications developed by third parties for use by a number of different industries.
What wallets are supported?
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.
What are the contributions used for?
The contributions are used for many purposes including, but not limited to; development, operations, marketing, partnerships and sales. RepuX plans on growth via advocacy with different companies and developers.
What is the use of proceeds?
Does buying REPUX mean I own stock in RepuX?
No. Purchasing REPUX (RepuX token) does not mean you have purchased stock, equity or any other kind of ownership in RepuX. When you purchase REPUX, you have purchased a cryptographic that can be used to purchase data and applications from different parties over the RepuX protocol.
How can I receive or interact with REPUX?
In order to hold and have REPUX you must have an Ethereum based token wallet. Once your wallet is set up for REPUX, you need to transfer the desired amount of Ether to the sale’s public key, which will lock in your REPUX. Once the sale is finished and reconciliation complete, the REPUX will appear in your wallet.
Additionally, you can also contribute to REPUX with Bitcoin or USD (and other currencies) via Wiretransfer.
DO NOT send ETH from an exchange. Sending ETH from an exchange will likely result in a loss of your funds. Popular Ethereum wallets are MyEtherWallet, Mist or Parity wallets.
How important is corporate governance to RepuX?
It’s one of our top priorities. Funds contributed will be stored in cold storage wallets. The Foundation which collects the funds contributed will have an independent, regulated Corporate Service Provider, Council Member.
The funds stored will be kept in a multisig wallet of which 1 of the 4 keys will be kept by an independent corporate services provider and another by a legal firm.
Funds will be distributed as follows: 20% after the conclusion of the token sale then 10% every 3 months until funds have been completed distributed. Each of the key would be stored in separate physical secure locations along with backups.
When will the RepuX Platform be live?
The RepuX platform is work in progress. We are heavily focused to introduce MVP (Minimum Valuable Product) prior to REPUX Token Sale, that is our highest priority. Follow us on Twitter, Facebook, Telegram as we will post progress there for sure.
When will REPUX be transferrable?
REPUX will be transferrable following closure of the Token Sale and completion of the reconciliation.
Where can I find more information and news about RepuX?
Check out our: Twitter and Facebook.
You can find the current list of our websites at the top of our homepage repux.io