## A Huge Gap in the Data Exchange Market
There is little doubt that artificial intelligence (AI) and machine learning are set to acquire a large marketplace in a quick span, perhaps quicker than we imagine. Associated companies are striving to make smarter machines, feeding them data to develop requisite behaviors and characteristics. Unfortunately, these companies have to generate the large amount of data they utilize, often leading to exorbitant expenditures of eighty percent of the total revenue or higher, despite the fact that most often this data can be bought from many small or medium scale enterprises. The reason is a lack of a viable platform that would make possible exchange of relevant data between companies to reduce expenditure and generate revenues.
In the endless sea of dormant data, quoted above is just one example. In truth, there exist unaccountably large number of cases where buyer and seller organizations can benefit from such exchanges in the medical, electronics and graphic design sectors among many others.
## Bridging the Gap with Repux
The need for an efficient exchange of data between entities or companies is recognized and made possible by Repux. By creating the Repux Protocol, swift data transfers will be made possible from data collectors to users or application developers. In turn, the developers will assess the data and create products and services to supply to their users across industries as well as build on the Repux Protocol. This will help facilitate transfers and monetize data for entities and companies, eliminating the need for middlemen or third parties.
## The Utility of Repux Tokens
Repux is a decentralized platform whose functioning will be powered by ERC-20 compliant Repux tokens. All exchanges will take place using the tailor-made tokens only. As the tokens are embedded with a reputation system, parties will be able to sift honest traders from fraudulent ones. Moreover, assisted with the proficient Oracle smart contract, the organic rating system will encouraging correct judgment in exchanges and disputes, and help users with higher ratings attract better deals faster.
## Creating a Large Marketplace for Third Parties
By allowing third parties to develop on the Repux Protocol, various applications will be created on the platform that will help build a vibrant ecosystem for exchange, like allowing creditors to offer micro loans to borrowers with good ratings, and graphic designers to sell anonymized data to buyers and earn additional money. These applications will help connect companies like Evernote that collect handwritten data in large amounts with buyers and monetize it.
Repux aims at achieving high scalability and speed of transactions. While they will implement their idea on the Ethereum Blockchain and optimize on the smart contract feature to effectively carry out exchange, the team is simultaneously experimenting with state channels, EOS, and a custom blockchain infrastructure to create an ideal platform for its needs.
## About the Token Sale
The website is currently hosting its token sale, offering a magnanimous fifty percent discount in the presale phase. Post the presale conclusion on the 5th of March, 2018, the public sale will begin the following day till the 5th
of April. The price of the token is set at $0.20 and a total of 500 miliion tokens have been minted. While a majority of them will go to the public, the reserved share will be used in strengthening and improving the protocol.
## The Team
The lack of a decentralized platform in the data exchange market has unfurled great opportunities for Repux to flourish. The backbone of the ingenious project is an experienced team. Marcin Welner of the management team has distinguished skills in e-commerce, supply-chain, and inventory management among others and has an experience of twenty years in the IT industry. Aleksandra Staszewska is a part of the product team with a decade long experience as business analyst in banking, public administration and telco sectors. Backed by connoisseurs of their fields, the Repux Protocol is well crafted and expertly planned.
## Conclusion
Multiple factors signal towards the likelihood of Repux' success. Unlike the majority of ICOs, Repux has an early version of its platform ready for its users on the website. This is a huge advantage over competing ICOs. Their roadmap depicts how quickly the experienced team has produced results. While the majority of companies take years to bring their product in the market, Repux has done it promptly in a matter of few months since October 2017 when the Repux Foundation was established, Garnering affiliations with WorkHQ, Melrose PR and Troutman Sandlers in a short duration along with strong advisory connections are indications that the Repux protocol is set to create a buzz in the market very soon.
#### Website: [https://repux.io/](https://repux.io/)
#### BtalkThread: [https://bitcointalk.org/index.php?topic=2613666](https://bitcointalk.org/index.php?topic=2613666)
#### Telegram: [https://t.me/repuxicoEN](https://t.me/repuxicoEN)
Contact: dannywhelan (dannywhelan0200@gmail.com)
Profile: https://bitcointalk.org/index.php?action=profile;u=1606458
hiveblocks