REPUX ICO

The RepuX protocol

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.

RepuX Token Uses

Data Sales and Purchases

RepuX will allow RepuX Token holders to purchase data from sellers on the RepuX Protocol. The RepuX Protocol will also allow data sellers to receive payment in Repux Tokens from the individuals or entities that purchase their data. Raw data from data collectors and/or various value-added content developed by third party application developers may be bought and sold using Repux Tokens either via marketplaces or in bilateral transactions and data collectors will develop methods for valuing their data.

Apply Reputation

Each transaction, whether it is data related or otherwise, allows users of the Repux Protocol to give each other a ”reputation”. This is a key feature of the RepuX Protocol, as it enables users to evaluate and determine who is a trustworthy counterparty and who is not, and will facilitate the filtering out of spam and other faulty datasets being offered on the RepuX Protocol.

Run the Oracle Network

In cases where transactions or reputation ratings would need to be approved by the Oracles, RepuX Token holders could voluntarily put up RepuX Tokens and vote in the Oracle system. If the RepuX Token holder votes on the correct judgments, then they would be awarded a nominal fee of, for instance, 0.5%, payable in Repux Tokens. This decentralized judgment system would not only provide a reward for RepuX Token holders, but also help the RepuX Protocol eliminate fraudulent transactions and reputation boosting which might otherwise harm the overall reputation and use of the RepuX Protocol.

Build on Top of the Network

Having RepuX Tokens will enable a holder to develop third party applications on top of the RepuX

Protocol. For instance, third party developers could create an application that allows users to sell their behavioral data and be paid in RepuX Tokens. By having more RepuX Tokens, this application would be able to aggregate a larger volume of data for business, research or otherwise.

RepuX Token Sale Pre-Sale and Token Sale

RepuX Tokens are an integral part of the function of the RepuX Protocol. RepuX will have a pre-sale of rights to receive RepuX Tokens at a future date which is being made available solely to “accredited investors” through a Simple Agreement for Future Tokens (the “Pre-Sale”).

The pre-sale will go on through December at a 50% discount to the base rate of $0.20 (the “Base

Rate”).

RepuX is scheduled to launch the Pre-Sale in December, 2017 and the Token Sale in March, 2018 once the RepuX Protocol is operational. The Pre-Sale will be open until the Token Sale commences in March, 2018. The Token Sale will be offered in 5 tranches, with the first at a 30% discount to the Base Rate, the second at a 25% discount to the Base Rate, the third at a 20% discount to the Base Rate, the fourth at a 15% discount to the Base Rate and the final at a 10% discount to the Base Rate. We will be launching RepuX Tokens with a supply of 500 million tokens to be allocated.

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.

Event Allocation

Pre-Sale : 20%

Sold during Token Sale : 20%

Rewards Pool : 20%

Sold on the Platform : 23%

Founding team, 3 years vesting period : 12%

Ambarsadors : 3%

Token Sale bounties : 2%

Use of Proceeds

RepuX expects that a substantial amount of the proceeds of the Pre-Sale will be used to progress the development of the RepuX Protocol and the RepuX Token ecosystem. All outstanding RepuX Tokens will be managed by the RepuX Foundation. The RepuX Foundation is a Panama non-profit organization established in October 2017 with offices in New Horizon Building, Ground Floor, 3½ Miles Philip S.W. Goldson Highway, Belize City, Belize. The RepuX Foundation was

formed to safeguard the RepuX Tokens and funds raised through the Pre-Sale and the Token Sale on behalf of RepuX. RepuX is committed to community engagement and sponsoring user participation within a world of decentralized data. The RepuX Token and associated network and marketplace all use trade secrets and intellectual property either created, owned or licensed by the RepuX Foundation.

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AUTHOR cenatown