In a nutshell, RepuX is a data marketplace: think of ebay for your data. RepuX ($RPX) intends to be a data collection+marketplace layer, helping anyone (individuals or entities) to share and sell their data to organizations.
This is not financial advice, do your due diligence before investing. And mind the scammers, they are particularly active in the field of ICOs.
Methodology used when creating this report
Every article published using this "5min read" format is answering a very specific list of questions.
The list of questions does evolve slightly from one article to another, but stays 90% the same to allow easier read and comparison between projects.
If the answer regarding a given question isn't available on the project's publications (website, white paper, blog, etc) and isn't answered by the team when asked on its Telegram Group Chat (i.e. the team ignores the question or avoids the question asked by answering on an unrelated topic), it is communicated in this report:
some answers will be written as "not disclosed/available"
a comment may be added in the "Overall Communication" section regarding the team's attitude
Become 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.
Facilitate the monetization of data through efficient transfers between collectors, developers and users
Allow the evaluation of data reliability and reputation over time.
Description
"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”.
"Per the Harvard Business Review, individually, most SMEs don’t have enough data or expertise to take advantage of AI. A marketplace like Repux helps them better compete with the big boys”.
APIs will enable third-party developers to create a variety of different applications on top of the RepuX Protocol.
"combines multiple decentralized technologies such as InterPlanetary File System (or IPFS), Sia, Ethereum, EOS, and offers the potential to upgrade to a custom high- throughput blockchain"
"evaluating the reliability of each entity and each transaction with respect to the data, and with verification by an Oracle system”
Repux will provide
an immutable and transparent data market;
with reputable and useful data;
allowing for the monetization of data by both individuals and entities; marketed and made available to those who really need it; and
with pricing and value determined by the marketplace.
Pre-sale: 17th of November 2017 to 5th of March 2018
30,000 USD minimum contribution
solely to accredited investors (SAFT)
Public sale: 6th of March to 5th of April 2018
Bonuses
50% bonus - pre-sale - 17th of November 2017 to 5th of March 2018
30,000 USD minimum contribution
30% bonus - 6-12th March
25% bonus - 13-18th March
20% bonus - 19-24th March
15% bonus - 25-30th March
10% bonus - 31st March until 5th of April
Token amounts
500,000,000 = total token supply
250,000,000 = sold to contributors (aim), unsold tokens will be burnt
Token allocation
20% - Presale
30% - Sold during Token Sale (unsold tokens will be burnt)
10% - Rewards Pool
23% - Sold on the platform
12% - Founding Team (3 years vesting period)
3% - Ambassadors
2% - Token Sale bounties
Banned countries
Afghanistan, Bosnia and Herzegovina, Central African Republic, China, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Libya, Lebanon, Somalia, South Sudan, Sudan, Syria, Uganda, Vanuatu, and Yemen
Token
Token trading
date tokens get distributed
ICO audit once ICO is over, tokens distribution once audit is over.
Repux token is the only method to pay for data services in connection with the RepuX Protocol
Buy and sell data on the RepuX protocol
In cases where transactions or reputation ratings would need to be approved by the Oracles, RepuX Token holders could voluntarily put up RepuX Tokens and vote in the Oracle system.
Team members
Team summary: all based in Poland, decent profiles, note that most team members also employed at WorkHQ
Marcin Welner - Co-Founder & COO
Summary: 20 years in IT, 12 years in programming. Lead departments of up to 100 people. Extensive business skills in warehousing, logistics, supply chain, e-commerce, inventory management, erp and crm systems.
Summary: 10 years of experience in SaaS industry with marketing, sales and product development. 6 years of experience in e-commerce, built country’s biggest brand and expanded it to India & Turkish market
Summary: a successful, determined and passionate self-taught developer. Very active on Github, prog skills inluding javascript frameworks, solidity, web3.js.
Summary: "expert in cryptopayments, ICOs and dapps ... Named Top Crypto Strategist UK, seasoned board advisor, pioneered decentralized systems and deep learning at MIT”
Advisor and investor in Aragon, Particl, RepuX, Experty, NAGA, ArqBravo Group and others
Chairman @ Cogni Capital
ICO fund and accelerator investing exclusively in solid, well structured, women led or gender balanced non-U.S. ICOs with high yield potential
Summary: "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”
Advisor to 30+ leading ICOs
CEO and co-founder @ 7marketz Inc. - parent company of 18 brands in 17 countries
CEO & Founder @ NewsOgram
fully automated AI powered and blockchain based smart news assistant with sentiment analysis and fake news prevention
"According to the World Economic Forum, SMEs represent over 95% of firms, account for 70% of employment and contribute 53% of GDP globally”
“Repux is well poised to take advantage of the reliance of machine learning, big data and artificial intelligence on large-scale aggregate data and to drive innovation”
"Machine learning based analysis is projected to grow by over US$200 billion over the next few years. It is big business rooted in the availability of big data.”, RepuX wants to provide the data to this field.
Product status & transparency
Product status
"Working product & 3 pilot companies: The marketplace is live ... The companies represent a reach of millions of SMEs"
Transparency
Organization registration & jurisdiction
Panama
The RepuX Foundation is a Panama non-profit organization established in October 2017 with offices in New Horizon Building, Ground Floor, 31⁄2 Miles Philip S.W. Goldson Highway, Belize City, Belize.
