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.
See https://github.com/ipfs/ipfs
See https://www.sia.tech/whitepaper.pdf
See https://github.com/ethereum/wiki/wiki/White-Paper
See https://github.com/EOSIO/Documentation/blob/master/ TechnicalWhitePaper.md
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 anti-money laundering (or AML) requirements and procedures.
Artificial Intelligence and Machine Learning
Data creation is taking place continuously and at an ever-increasing pace. That data has value. Currently, the collection, use and distribution of this data is dominated by certain large corporate entities.
At the same time, investment in artificial intelligence (or AI) is growing at a very rapid rate. It is estimated that the AI development market more than doubles every 2 years. AI has the potential to significantly change many aspects of the economy. Within the AI field, machine learning capability has increased enormously in the past few years. This machine learning capability combined with decentralized access to data has enabled the industrialization of decentralized data-based applications. Since machine learning builds knowledge upon past data, the models that are created are only as good as the data that is fed into the models.
The RepuX Protocol has the potential to eliminate the ”digital divide” between those who have easy access to machine learning datasets and those who don’t.
The technology of the RepuX Protocol can be broken down into 4 separate layers.
RepuX Token Rates and Allocation
As the goal of the RepuX Protocol is to have users be as in control of their data as possible, RepuX has designed the Token Sale in a decentralized fashion. This allocation is subject to change depending on the amount of Repux Tokens sold in the Pre-Sale and will be finalized at the conclusion of the Pre-Sale.
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