The RepuX platform is formed to sell data for tokens and provide it to developers within existing jurisdictions for taking further effective decisions in a particular area.
To do this, the project creates a Protocol that can monetize the data, bringing together collectors, developers and end users. And the RepuX project itself is designed to help previously unclaimed information to find its value. Now buyers working with a decentralized platform will be able to pay with RepuX tokens when buying data. Existing smart contracts will help customers to get acquainted with the acquired information and give it an assessment, contributing to the development and improvement of the reputation of this project.
RepuX has a unique high-level Protocol that receives all kinds of data from individual or corporate users in any field. It is developed using advanced blockchain technologies, including IPFS, Sia-3, Ethereum-4, and others. By facilitating mediation services, it brings huge profits to collectors using it.
The project was created by a large and experienced team, led by friends-graduates of the school of programmers in HeadHunter. Initially, it was planned to develop a library that controls the state, has a minimum API and predefined behavior. It was required to implement logging, hot reboot, ability to work with materials of different time periods, availability of universal applications, access to recording and playback.
After signing pilot agreements with WorkHQ, FungyuCPA and Dascom, the development of the RepuX Protocol framework specifications was completed and access to monetization and exchange of available information was granted to individuals and legal entities. As a result, the project continued and developed the ideas of Flux. After scrutiny the opportunity to work with the Protocol RepuX will receive an unlimited number of entities.
The RepuX platform is quite simple and even a beginner will need no more than an hour to fully navigate in all the subtleties of working with it. To install a stable version, use the React bundle with the developer tools. Standard HTTP protocols are suitable for connection. After receiving the project Protocol, the information holders will be able to exchange it with developers and applicants for RPX tokens. The developers of the Protocol will be able to create their products and services on the basis of the received data, further exchanging them for REPUX tokens from end users of various industries.
Thanks to the technology of the blockchain all incoming to the platform thread will be encrypted. Due to this, all data sources will be able to maintain their confidentiality. Any transactions of the parties will be registered and selectively verified by Oracle system, as well as recorded in the blockchain, which will be impossible to change unnoticed. According to the results of the transactions, the reputation of the participants will be accrued.
The base price of tokens is fixed at 1 RPX = 0,20 USD. The sale is divided into stages, where certain discounts from the base price are provided:
- For pre-sale-50%;
- the first stage-30%;
- the second stage-25%;
- the third stage-20%;
- the fourth stage-15%;
- on the fifth stage-10%.
It is planned to issue 500 million RPX tokens. Their full implementation is scheduled to the end of November 2017 — beginning of April 2018. The main purchase of coins ends on 9 March 2017. No additional issue is planned. REPUX tokens can be bought with BTC, ETH and fiat money. Payments in other currencies through exchange offices and cryptocurrency exchanges are possible. The minimum equivalent of payment is 100 USD. RPX is based on the standard ERC20, which means that the token holders will be able to freely transfer them with existing wallets for Ethereum, for example, Parity, Mist, MyEtherWallet, Ledger, and others.