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REPUX - Build a secure, reliable, high-performance data transfer protocol that can be integrated with a wide variety of different applications
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
What 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)2, Sia3, Ethereum4, EOS5, and offers the potential to upgrade to a custom high-throughput 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.
With the development of the RepuX Protocol, 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 in these respective fields. By evaluating the reliability of each entity and each transaction with respect to the data, and with verification by an Oracle system, we can ensure integrity within the RepuX Protocol and provide data users with greater confidence in the content and quality of the data they are purchasing.
RepuX Vision
Our vision is to create a protocol which facilitates the monetization of data through efficient transfers between collectors, developers and users that will also allow the evaluation of data reliability and reputation over time. Through our RepuX Protocol, data collectors could transfer data to data users or to application developers in exchange for RepuX Tokens. Developers could build upon the RepuX Protocol, and use data transferred by collectors to generate products and services which could then be transferred to end users in various industries, in exchange for RepuX Tokens. With the RepuX Protocol, we hope to bring additional value to data.
RepuX Goals and Objectives
We anticipate that data monetization will become a major source of revenue for individuals and entities in the future. It is estimated that the world will create 180 zettabytes of data (or 180 trillion gigabytes) in 2025, up from less than 10 zettabytes in 2015.1
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.
In summary, 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.
RepuX Technology
Overview
The technology of the RepuX Protocol can be broken down into 4 separate layers.
The application layer is at the top of the RepuX Protocol. This front-facing layer consists of various decentralized applications, or Dapps, that third-party application developers can build on top of the existing RepuX API infrastructure. An example of this could be a service that allows individuals or entities to sell social media usage data in exchange for accessing a website.
The next layer of the RepuX Protocol is the data layer. This layer consists of all the data that can be purchased and sold within RepuX. By storing the data layer within a decentralized infrastructure such as IPFS, StorJ8 or Sia, we not only ensure the existence of the data, but also ensure that the data is stored in a decentralized fashion. Data ownership, sharing, security and privacy preferences can be actualized using multi-signature cryptographic primitives native to the blockchain, to ensure data be redundantly secured on chain and also seen and utilized only by preferred parties.
In order to handle transactions occurring on the data layer, we employ a decentralized logic layer. This layer could be built on top of the existing Ethereum infrastructure; however, we are also exploring the use of EOS, or a custom blockchain infrastructure that could potentially scale to millions of transactions.
At the base of the RepuX Protocol, we build a value layer, which powers the layers above and ensures that people are compensated appropriately for what they do within the RepuX Protocol. We have created the RepuX Token as part of this value layer to allow parties to send value payments between one another for purchases and sales of data and other goods and/or services. Value of the tokens can be proportional to their demand for their use in data sharing contractual services, whereby different tiers of token holding quantities can enable more advanced and larger scale data sharing capabilities. This acts as a mechanism for fairly distributing available blockchain-based data storage and serves as a demand vehicle for tokens that enables fair data usage.
Repux Trust and Transparency
One of the major challenges to the sharing of datasets is the lack of trust between different parties in a data transaction. It is difficult for a person to determine if a specific dataset is well organized, precise and insightful without first accessing the dataset to evaluate it. In addition, there may be issues related to the lack of a common platform where parties can meet in a data transaction.
If this issue of trust can be resolved adequately, fraud rates may significantly decrease while, at the same time, a whole host of other potential data transactions across various industries may be enabled, such as data transactions in insurance, international trade and micro loans.
By design, blockchains are inherently resistant to the modification of the data involved. A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. A blockchain can serve as an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority. Blockchain technology allows for the reduction of fraud rates thereby enabling a whole host of potential applications.
This makes blockchains ideal for use as the foundation for the RepuX Protocol where security and transactional integrity are paramount.
Pre-sale
17th of November 2017 / 14:00 UTC to 5th of March 2018 / 14:00 UTC
Token Sale
Will run over a 31-day period starting from the 6th of March 2018 / 17:00 UTC to 5th of April 2018 / 17:00 UTC.The rounds will proceed until the top of 33,1 mln USD is hit or the last round expires.During the Token Sale REPUX can be obtained in return for ETH, BTC or Wire Transfer, with least 100 USD commitment (or likeness 100 USD in BTC or ETH). Amid the Pre-Sale, the base commitment is 30,000 USD
Standar Token : ERC20 Token Supply : 500,000,000 REPUX Price Token Sale : 0.20 US Dollar for 1 REPUX. Hard cap : 33,100,000 USD Soft cap : 1,000,000 USD Token distribution will end : 5th of April 2018
Payments acknowledge ETH,BTC,XBT and USD through Wire exchange.
Upheld wallets for the Token Sale incorporate MyEtherWallet, Mist-Ethereum Wallet, Metamask, Parity, imToken, Ledger, Trezor, and others.
Unsold tokens from past rounds will be moved to the following round. The offer of tokens will naturally move to the following round if the tokens of the past round are sold:
The dispersion of tokens depends on the total of 100,000,000 REPUX assigned for pre-deal. The measure of presale tokens can be changed because of the appeal for them, the last circulation will be built up after the pre-deal is finished. It would be ideal if you take after the progressions:
RepuX is beginning its first Official Bounty Program keeping in mind the end goal to compensate its supporters with REPUX tokens.
$700,000 (in REPUX tokens) will be dispensed to the Bounty. Program The program will keep running until the finish of the Token Sale. The bounties will be paid inside 30 days after the finish of the Token Sale.
Discount Rates PRESALE Price $0.10 50%
100,000,000 REPUX 6th Mar Price $0.14 30%
75,000,000 REPUX 13th Mar Price $0.15 25%
15,000,000 REPUX 19th Mar Price $0.16 20%
15,000,000 REPUX 25th Mar Price $0.17 15%
15,000,000 REPUX 31th Mar Price $0.18 10%
Roadmap
JULY 2017
$400,000 Seed funding
SEPTEMBER 2017
On-board advisors from the industry
OCTOBER 2017
RepuX Foundation established
NOVEMBER 2017
Major distribution announcement via partners
Code audit
Speaking at Blockchain Expo
DECEMBER 2017
RepuX Protocol Live
Attending Blockshow Asia
MARCH 2018
Token sale
APRIL 2018
Token sale audit
MAY 2018
RepuX Protocol open for developers
JUNE 2018
RepuX Platform Allowing for Decentralised Enterprise Applications
The RepuX Team
The RepuX Team are gathering of practitioners. Every one of us have effective foundations crosswise over assortment of ventures. Media, FinTech, SaaS, Big Data, Engineering are among the highest point of the experience of our own.
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