Repux ICO review
Description Repux ICO
Advertised as a decentralised marketplace run by tokens that is based on the principle of ethereum smart contracts to repurpose data from small and medium-sized enterprises (SMEs), giving them the edge and information to succeed.
Repux have approached the control of data of consumer data differently than the frenzy of similar ICOs witnessed last year. The customers in this ecosystem are SMEs and developers, co-existing in an easy-to-use ecosystem where they can sell and buy consumer or business data with the help of REPUX tokens and repurpose this data in such a way that it provides useful applications. Ultimately, the goal of a startup like this is to grab a slice of the data pie that Google, Amazon and Facebook currently keep for themselves, and create an environment where SMEs have access to data that could improve a number of their practices.
The Repux Protocol blockchain promises enterprises that by selling their data to developers, these devs will have access to otherwise unused business data and could create apps that solve problems such as inventory management, accounting, supply chain, lending, business intelligence and more. These apps aim to be AI enhanced, adapting their applicability to a different business model other than where the data originated from. According to the white paper, Repux strives to refine unused data from numerous billion dollar industries such as advertising, ecommerce, credits/loans, and even medical records.
Team & Partnerships
The Polish management and product team are led by COO Marcin Welner, Tomasz Tybon and Aleksandra Stazewska (try saying that three times fast). All 3 together have over 40 years of experience in IT programming and business analysis, marketing, sales, product development; you name it. Their team also consists of a majority of developers of different levels of expertise and note-worthy advisors such as the COO of investFeed Justin Jovanrovic, and COO of the Opus Foundations music streaming service Mateusz Mach. However, as of right now it is not entirely certain how much value either can contribute to a project of this nature.
Repux ICO Details
Repux boasts crazy discount rates, particularly at the start of the ICO with up to 50% bonus tokens at presale and 30-10% as the initial coin offering draws to a close. The token supply is at a reasonable value for marketplace operations at 500,000,000 REPUX currently being
valued at 1 REPUX = 0.20 USD. Accepted currencies include ETH, BTC and Wire Transfer using details found on their website at https://repux.io/.
This project Repux is attempting seems ambitious, but it is important to remember that every successful venture also is. The danger with marketplace operations such as these is that the premise of Repux and its success lies on adoption, as most marketplaces often do. Particularly, the promise of developers and SMEs both being incentivised to use the platform is a HUGE must, and at the moment Repux seems more focused on product development than a marketing strategy for the platform. This does not necessarily have to be a concern however, as their following and engagement on social media is encouraging at this stage of the project and Repux claims to be involved in distribution agreements with developers that already have access to millions of SMEs in China.
Achieving their goal to solving a real world problem will depend on their ability to fully develop the Repux Protocol, and if successful the data of a multitude of business and apps developed by devs promises to bring in a huge chunk of that billion dollar pie.
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