DATA ACCESS TOKEN

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PRELIMINARY

DATUM can be referred to as a piece of information and it’s also the singular form of the word DATA. Over the years the use of data has grown exponentially, stored data grows four times faster than the ever-evolving global economy and also adds an important value to the economic power as well as the source of economic value. Globally, a large amount of data is produced on a daily basis ranging from companies, institutions, industries or organizations who either browse the internet, upload personal or public files, interact on social media, buy or sell goods online, and synchronizing devices etc.

INTRODUCING DATUM DECENTRALIZED DATA MARKETPLACE

On DATUM network users can store data in a secure and decentralized manner using Ethereum smart contract on the blockchain technology. Users of the DATA ACCESS TOKEN network can take back control of their data, either personal data, public data, habitual data produced daily or data from devices they control. DATUM offers users the opportunity to monetize their data on their own discretion, users who submit expected data on the platform will be rewarded as this helps in the growth and development of the platform. Early adopters will be rewarded each time they introduce newbies into the platform, each time a user or an already existing customer’s referral link is used by a new customer the referee gets rewarded in DAT tokens. The core purpose of this innovation is to change how people use or think about data consumption. Offering data developers, a secure and transparent environment to store and exchange data will cause an efficient and vibrant marketplace to monetize created data, a new economic model will be created that empowers consumers instead of large private companies.

HOW IT WORKS

Using DATUM network client software users can submit a piece of data after paying for gas to submit the data, the user will provide a decryption key to all interested parties since the data is encrypted and he’s the only person with the key. A storage node then receives the sent data and store it securely after replicating it to multiple storage nodes for safe keeping. Whenever a data consumer shows interest and wants to purchase the piece of data the owner receives a notification (ie purchase request) including the details of the client and price offered. The owner can choose to accept or decline the offer (this is at the sole discretion of the owner) but if he eventually accepts any of the received requests, he gets rewarded or paid in DAT tokens after which he sends the decryption key to the data consumer for easy access.

DATUM ARTIFACT STRUCTURE

The Datum structure is as follows;

★ Owner: Can either have no owner, one owner or multiple owners.

★ Metadata: Can either be encrypted (hidden) or publicly accessible.

★ Time Stamp: Can either be encrypted (hidden) or publicly accessible.

★ Data Payload: Any arbitrary JSON structure.

DAT TOKEN

DAT is the acronym of Data Access Token, it will be the standard cryptocurrency used for making payments for services rendered on DAT network, after Initial Coin Offering no DAT token will ever be created, minted or mined. DAT will fuel the development of the network and also provide fast, secure, transparent, efficient transactions on the network. DAT token offers the possibility of selling or buying of stored data while enforcing the use of data rules as set by the owner of the data. This utility token on Ethereum smart contract will help facilitate data exchange on DATUM network and also provide a great amount of data value on the network. Holders possess certain privileges which include: registration as the storage nodes (this simply means paid fees for storing data or transmitting data) and participation in the data market. Tokens derived from these activities mentioned above will be burned, this will, in turn, reduce the amount of DAT in circulation and it will also help increase the market value of DAT due to token scarcity. The DAT token will help facilitate compensation of data sources and storage nodes and enable a new era of secure and decentralized data storage and exchange

TOKEN INFORMATION

NAME: DATUM

TICKER: DAT

NETWORK: ERC-20 COMPATIBLE (ETHEREUM)

TOTAL SUPPLY: 3,000,000,000

DECIMALS: 18

DAT AVAILABLE FOR PURCHASE: 1,530,000,000

PRICE PER ONE DAT: $0.0152

PRICE: I ETH = 25,000 DAT

SOFT CAP: 5000 ETH (ACHIEVED ON 8TH SEPTEMBER 2017)

HARD CAP: 61200 DAT

TOKEN DISTRIBUTION: DECEMBER 4TH 2017