BOUNTY || RepuX - Decentralized Data & Applications Protocol For SMEs. 23.01

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Repux is a marketplace that lets small and medium businesses sell anonymized data to developers. The Repux token is the medium of exchange on the marketplace and the ONLY way to transact. RepuX’s blockchain-backed platform enables Small and Medium Enterprises (SMEs) to capitalize on business solutions via the data sharing network. SMEs often don’t know how to optimally utilize the data they have amassed in order to make impactful business operations decisions and lack the resources needed to implement them.

RepuX is a protocol level framework upon which various types of corporate and user data can be monetized and exchanged between different parties. Combining multiple cutting edge decentralized technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput block-chain, RepuX allows the creation of a highly decentralized marketplace for data and information.

An early adopter merchant (doing about $300k in sales a year on Amazon) used Repux data to determine the optimal number of days to wait before emailing a follow-up coupon to new customers.
While the experiment has not yet attained statistical significance, the early results are promising. The coupons now get a higher take rate and this merchant will likely generate a couple extra sales each week.

The ‘third-party’ intelligent app used anonymized, aggregated Repux data to tune its machine learning model for the merchant’s product category and offer. On their own, this small merchant would never have had enough data--let alone the expertise--to take advantage of machine learning. And so far, we are just scratching the surface. Repux enables a whole world of possibilities when you consider all kinds of metrics an online retailer could optimize!

An API will enable these marketplaces to be developed by 3rd parties to suit their specific niche. By conducting value and data transfers directly between peers in the protocol, RepuX allows the creation of various B2B (business to business) data sharing possibilities for excess user and corporate aggregate data, that does not exist in the current market. This direct and rapid value transfer through the RepuX token will eliminate the need for middlemen and intermediaries across multiple industries. With machine learning, big data and AI becoming more reliant on large-scale aggregate data, RepuX is well poised to take advantage of this and drive innovation in these respective fields.

How it works
By optionally allocating a reputation behind each entity and each transaction, and verified by an oracle system, we can ensure an integrity within the protocol and allow actors greater confidence in not only the presence but also quality of the data they are purchasing. With the RepuX, we hope to bring back value to user data.

Businesses sell anonymized data and earn Repux tokens

Developers buy the data to train Machine Learning algorithms

Developers then re-sell their intelligent applications back to enterprises, for better business decision

Developers, on the other hand, seek data to develop machine learning and artificial intelligence-driven applications as well as enterprise customers to sell information back to. RepuX unlocks the untapped value trapped within this disconnect by allowing SMEs to upload data and list potential use cases. Developers are then able to purchase the data to create customized applications which they can then sell back to SMEs. The RepuX platform anonymizes data and maintains quality through reputation scores determined by purchasers.

Developers would be able to purchase and receive access to company data securely in real time to create decentralised applications. This would be available in a restful api across similar company and data types. They can preview the data, subscribe to it and even choose specific companies or across the industry. Afterwards, their applications, algorithms can then be listed with RepuX and sold back to companies with RepuX Tokens. Data access will have different permissions associated with it and developers/companies can develop a reputation over a period of transactions to safeguard the community.

MARKETPLACE

BOUNTY

Token : RPX

PreICO : Price 1 RPX = 0.10 USD
Price : 1 RPX = 0.20 USD
Bonus

Pre-sale 50%
6th Feb 30%
13th Feb 25%
18th Feb 20%
24th Feb 15%
2nd Mar 10%

Platform : Ethereum (ERC20)
Accepting : ETH, BTC, Fiat
Soft cap : 1,000,000 USD
Hard cap : 33,100,000 USD

Bounty campaigns will last until the end of REPUC ICO. The rules of each bounty pool are different, the sizes of the pools are different, and points do not carry over from pool to pool. PLEASE READ ALL RULES CAREFULLY.