Whats is RepuX
RepuX is a protocol level framework (the “RepuX Protocol”) on which various types of immutable data can be commoditized and exchanged among different corporate and individual collectors, developers and users. 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 highthroughput blockchain. By facilitating the transfer of data and value between peers, the RepuX Protocol creates data sharing possibilities among data collectors, application developers and data users which do not exist in the current marketplace. The RepuX Protocol provides the opportunity to data producers to create value in their data through facilitating the provision of this data to users in multiple industries, while eliminating the need for intermediaries in this process
“RepuX will allow for data sharing and value creation opportunities among data collectors, application developers and data users which do not exist in the current marketplace”
Big Data
Big data entails large datasets that are usually collected by a business or organization as a by-product of day-to-day operations. Such a dataset could be, for instance, a medical database of illness diagnoses, along with time and location. Unfortunately, because many Big Data datasets are often not directly related to the immediate operations of a business or organization, they are frequently dismissed and discarded. These datasets could be easily monetized and used by other companies that could potentially benefit from such data. For instance, a list of successful product deliveries within a supermarket chain could be useful to a new supplier looking to enter a specific region. What is missing is:
- 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.
RepuX Technology Overview
The technology of the RepuX Protocol can be broken down into4 separate layers
\Application Layers and APIs
Blockchain leverages a peer-to-peer network to govern transactions and interactions across a distributed community, and manages this governance through a decentralized ledger that benefits from having a distributed computing infrastructure and a common protocol, making it very difficult to create a fraudulent transaction. With blockchain and decentralization, every entity is incorporated within the process and no one single entity has control over all of the process.
We designed RepuX, from the beginning, to create an application programming interface (or API) where any application developer can work on the RepuX Protocol. This malleable protocol means that RepuX is not designed for one specific purpose, but rather to permit developers to build upon it for the potential benefit of many different industries.
API Structure
We intend to use easy-to-use Web3.js + Metamask APIs that will allow third parties to easily access and rapidly build external applications upon the RepuX infrastructure. In addition to easy-to-use JS APIs, we can also enable more application-based APIs that third parties can use to develop upon.
Data Layer
In order to ensure user data is stored in a decentralized fashion, we will use a number of different technologies. In this White Paper, we describe an IPFS1 based infrastructure utilizing IPFS hashes. With the RepuX Protocol, we use IPFS in order to maintain the database of data referenced by hashes in our logic layer and APIs. By using IPFS, we not only ensure the decentralized nature of our data but also ensure that the data is permanent through IPFS hashes.
What is IPFS?
InterPlanetary File System (or IPFS) is a protocol designed to create a permanent and decentralized method of storing and sharing files. It is a content-addressable, peer-to-peer hypermedia distribution protocol. Nodes in the IPFS network form a distributed file system. IPFS addresses pieces of content by a unique “hash”. IPFS enables the creation of fully decentralized technologies that can connect all computing devices within the same fiile system. IPFS is similar to how a bit torrent swarm exchanges information, in a decentralized yet organized way.
Key Features of IPFS IPFS
has the following features:
- It defines a content-addressing file system;
- It coordinates content delivery;
- It has file systems and mounting;
- It can be accessed through common protocols such as HTTP;
- It guarantees integrity through the hash-addressed content system;
- Connection can occur through many network protocols;
- There is no central point of failure; and
- It enables additional functionality through systems such as Filecoin.
However, as the infrastructure is still maturing at a rapid pace, we will continue to explore additional data infrastructure options, such as Storj and Sia.
Pre-Sale and RepuX Token Sale
RepuX Limited is creating 500 million RepuX tokens (the “RepuX Tokens”). RepuX is conducting a pre-sale of rights to receive RepuX Tokens upon occurrence of the public launch, which is being made available solely to accredited investors through a Simple Agreement for Future Tokens (the “Pre-Sale”), followed by a more broadly available offering ofRepuX Tokens that will occur once the RepuX Protocol is operational (the “Token Sale”).
The RepuX Token is an ERC20 token which will represent the only method to pay for data services in connection with the RepuX Protocol. RepuX Tokens can be purchased by qualified purchasers during the Token Sale by transferring Ether (“ETH”).
Each participant in the Pre-Sale will be required to provide information concerning their status as an “accredited investor” (or similar concept) under applicable securities laws. Each Pre-Sale participant, as well as each purchaser of RepuX Tokens in the Token Sale, will be required to provide “know your client” (or KYC) information. RepuX will carry out certain checks to ensure that we are adhering to our antimoney laundering (or AML) requirements and procedures.
Role of Token
Enable trade of data and decentralized applications between companies and developers
Supply
500,000,000 REPUX
Price
1 REPUX = 0,20 USD
Maximum Goal
Hard cap: 33,100,000 USD
Soft cap: 1,000,000 USD
ETH, BTC and Wire Transfer
Token Distribution Date
5th of April 2018
Emission Rate
No new tokens will be created
More Info
https://repux.io/
https://bitcointalk.org/index.php?topic=2613666.new
https://www.facebook.com/RepuX-415260768888793/
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