RepuX announces its public token generating event (TGE) will officially launch on 6th March 2pm UTC. Adhering to the best practices for TGEs, RepuX abides to strict KYC/AML standards, and utilises a multi sig cold storage wallet and issues token funds in timed periods.
RepuX COO, Marcin Welner said
“Our aim in launching the RepuX TGE is to connect with businesses and gain global distribution for our utility token. With more than 70 years of combined professional experience in business, software development, and marketing, our core executive team is excited to see the innovation and unique business propositions developers create based on business data.”
RepuX’s blockchain-backed platform enables Small and Medium Enterprises (SMEs) to capitalise on business solutions via the data sharing network. SMEs often don’t know how to optimally utilise the data they have amassed in order to make impactful business decisions and lack the resources needed to implement them. 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. RepuX recently announced integration with Bancor to provide liquidity for its anticipated 30,000 token buyers for the main sale. This integration will prove to be mutually beneficial for all parties involved, pushing the boundaries of what’s possible with SME’s.
RepuX, is an ERC20 token based on the ethereum smart contracts, and will comprise the main exchange of value on the RepuX platform. The tokens will enable access to the RepuX protocol, allow for purchase of business data and business AI-driven applications/algorithms.
RepuX is a blockchain-backed protocol and platform for SMEs to earn rewards for sharing data on a secure, decentralized network. The RepuX platform encrypts data and maintains quality through reputation scores determined by purchasers. Industries that stand to benefit from the RepuX-enabled system of data exchange and rewards include ecommerce, healthcare, accounting, micro lending, and advertising, among many others. RepuX plans to revolutionise the way we share data putting transparency at the centre.