Opiria is a company with an attractive proposal among all the current ICO offerings. The utility is offering people the ability to sell their personal data to the corporations who usually collect it for free. The team behind Opiria is also creating awareness by informing their users how all this data is actually used and recycled in a multi-million dollar industry where not a single user sees a dime for this information. To fix this situation, they are currently developing the Opiria network powered by the PDATA token. So far these are the details gathered about how the company is looking to work to make their operation a profitable one:
Growing a Consumer Database
Opiria has some experience in the market of personal data. The company has already a series of reward programs based on FIAT money for very specifics markets. They are looking to expand their operations to a wider audience by using digital currencies to engage in the trade of information using strategies such as AirDrop campaigns, referrals programs, and a TGE community. Where existing members can invite over new ones, and of course a hefty campaign on social networks such as Facebook, Instagram and Telegram.
Motivating Consumers
All these strategies count for little is consumers don’t have a motivation to sing up; the company is offering an attractive feature to get users to embrace the platform: complete control over the disclosure of their data and increasing rewards over the amount of data released. All the revenue generated by selling this data will be payable in PDATA tokens that users will be able to trade for FIAT money.
Sing up Process
When users choose to sing up with Opiria they’ll be able to create a profile using an app or the company’s webpage. They’ll provide information regarding their demographic as well as specific information about a number of topics of interest. The more detailed the information, the more rewards users will be able to collect. After fixing the settings about the disclosure of data, Opiria will collect information about the behavior pattern of the user. The data collected in this process will be the one offered for sale.
Trading Data
Once Opiria has collected the data, it will be the user who decides how, when, and to whom they’ll be offering their information. Since Opiria is a decentralized network, they do not collect information about their users by themselves. The platform is designed to redirect the data offered by them to the interested parties, in this case, the companies looking to buy this information for research or marketing purposes.
Collection of Rewards
Once the flow of data has been decided by users, they’ll be able to collect their rewards in PDATA tokens that can be held in the platform’s wallet and exchanged by FIAT money at the market’s price. Since the company is still setting their operations there is no opening for micro transactions, so users will have to collect a minimum of tokens to be able to cash in.
Opiria is ready to change the dynamics of data trade in the world. To get the full details of their plans, you can go to https://opiria.io/
Thank you for your time and feedback,
Jack Andrew