In a nutshell, RepuX is a data marketplace: think of ebay for your data. RepuX ($RPX) intends to be a data collection+marketplace layer, helping anyone (individuals or entities) to share and sell their data to organizations.
This is not financial advice, do your due diligence before investing. And mind the scammers, they are particularly active in the field of ICOs.
Methodology used when creating this report
- Every article published using this "5min read" format is answering a very specific list of questions.
- The list of questions does evolve slightly from one article to another, but stays 90% the same to allow easier read and comparison between projects.
- If the answer regarding a given question isn't available on the project's publications (website, white paper, blog, etc) and isn't answered by the team when asked on its Telegram Group Chat (i.e. the team ignores the question or avoids the question asked by answering on an unrelated topic), it is communicated in this report:
- some answers will be written as "not disclosed/available"
- a comment may be added in the "Overall Communication" section regarding the team's attitude
Basics
- Official Website
- White paper
- Short paper
- FAQ
- Field
- Big Data
- Goal
- Become a secure, reliable, high-performance data transfer protocol that can be integrated with a wide variety of different applications developed by third parties for use by a number of different industries.
- Facilitate the monetization of data through efficient transfers between collectors, developers and users
- Allow the evaluation of data reliability and reputation over time.
- Description
- "protocol level framework upon which various types of immutable data can be commoditised and exchanged between different corporate and individual user parties”.
- "Combining multiple cutting edge decentralised technologies such as IPFS, Sia and Ethereum/EOS, along with a possible upgrade to a custom high-throughput blockchain”.
- "Per the Harvard Business Review, individually, most SMEs don’t have enough data or expertise to take advantage of AI. A marketplace like Repux helps them better compete with the big boys”.
- APIs will enable third-party developers to create a variety of different applications on top of the RepuX Protocol.
- "combines multiple decentralized technologies such as InterPlanetary File System (or IPFS), Sia, Ethereum, EOS, and offers the potential to upgrade to a custom high- throughput blockchain"
- "evaluating the reliability of each entity and each transaction with respect to the data, and with verification by an Oracle system”
- Repux will provide
- an immutable and transparent data market;
- with reputable and useful data;
- allowing for the monetization of data by both individuals and entities; marketed and made available to those who really need it; and
- with pricing and value determined by the marketplace.
ICO
- https://help.repux.io/token-sale
- Hard cap
- 33,100,000 USD
- For private pre-sale, public pre-sale and ICO
- Pre-sale already raised 5.5 million USD
- ICO dates
- Pre-sale: 17th of November 2017 to 5th of March 2018
- 30,000 USD minimum contribution
- solely to accredited investors (SAFT)
- Public sale: 6th of March to 5th of April 2018
- Pre-sale: 17th of November 2017 to 5th of March 2018
- Bonuses
- 50% bonus - pre-sale - 17th of November 2017 to 5th of March 2018
- 30,000 USD minimum contribution
- 30% bonus - 6-12th March
- 25% bonus - 13-18th March
- 20% bonus - 19-24th March
- 15% bonus - 25-30th March
- 10% bonus - 31st March until 5th of April
- 50% bonus - pre-sale - 17th of November 2017 to 5th of March 2018
- Token amounts
- 500,000,000 = total token supply
- 250,000,000 = sold to contributors (aim), unsold tokens will be burnt
- Pre-sale already raised 5.5 million USD
- Token allocation
- 20% - Presale
- 30% - Sold during Token Sale (unsold tokens will be burnt)
- 10% - Rewards Pool
- 23% - Sold on the platform
- 12% - Founding Team (3 years vesting period)
- 3% - Ambassadors
- 2% - Token Sale bounties
- Banned countries
- Afghanistan, Bosnia and Herzegovina, Central African Republic, China, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Libya, Lebanon, Somalia, South Sudan, Sudan, Syria, Uganda, Vanuatu, and Yemen
- Afghanistan, Bosnia and Herzegovina, Central African Republic, China, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Libya, Lebanon, Somalia, South Sudan, Sudan, Syria, Uganda, Vanuatu, and Yemen
Token
- Token trading
- date tokens get distributed
- ICO audit once ICO is over, tokens distribution once audit is over.
- ICO audit once ICO is over, tokens distribution once audit is over.
- date tokens hit exchanges
- Not disclosed yet. Will be once the sale is over.
https://blog.repux.io/repux-integrating-bancor-protocol-to-provide-token-liquidity-for-millions-of-businesses-and-d78f6d5d06d0
- Not disclosed yet. Will be once the sale is over.
- exchanges planned to list the token
- Not disclosed yet
- date tokens get distributed
- Token usage
- Repux token is the only method to pay for data services in connection with the RepuX Protocol
- Buy and sell data on the RepuX protocol
- In cases where transactions or reputation ratings would need to be approved by the Oracles, RepuX Token holders could voluntarily put up RepuX Tokens and vote in the Oracle system.
Team members
- Team summary: all based in Poland, decent profiles, note that most team members also employed at WorkHQ
- Marcin Welner - Co-Founder & COO
- Summary: 20 years in IT, 12 years in programming. Lead departments of up to 100 people. Extensive business skills in warehousing, logistics, supply chain, e-commerce, inventory management, erp and crm systems.
- COO @ WorkHQ
- many positions @ INTEGER.PL S.A.
- worked his way up from consultant to Software Development Director
- https://www.linkedin.com/in/marcin-welner-1625352
- https://twitter.com/welnermarcin
- Tomasz Tybon - Co-Founder & Chief Growth Officer
- Summary: 10 years of experience in SaaS industry with marketing, sales and product development. 6 years of experience in e-commerce, built country’s biggest brand and expanded it to India & Turkish market
- Chief Growth Officer @ WorkHQ
- Director of Sales and Marketing @ DreamCommerce
- Marketing and Sales Manager @ DreamCommerce
- Marketing Manager @ DreamCommerce
- Product Manager @ Grupa Onet.pl SA
- https://www.linkedin.com/in/tomasztybon
- https://twitter.com/tomasztybon
- Aleksandra Staszewska - Product owner
- Summary: 10+ years working as Business Analyst. Big Data enthusiast having in-depth knowledge of Business intelligence and Data Warehouse systems.
- Product owner @ WorkHQ
- Lead Business Analyst @ UBS
- Senior Business Analyst @ Brown Brothers Harriman
- Senior Business Analyst @ Asseco Poland
- https://www.linkedin.com/in/astaszewska
- Daniel Kmak - Frontend & DAPP Developer
- Summary: a successful, determined and passionate self-taught developer. Very active on Github, prog skills inluding javascript frameworks, solidity, web3.js.
- Frontend Developer @ WorkHQ
- Course Author @ Packt Publishing
- Ember.js expert @ HackHands
- Ember.js consultant @ Techolution Mobi
- Full Stack Developer @ 'GRRUCA' Gruca Norbert
- https://www.linkedin.com/in/kmakdaniel
- https://stackoverflow.com/cv/danielkmak
- https://github.com/Kuzirashi
- http://danielkmak.com
- Przemysław Kocznur
- Summary: 10 years of experience as a Software Engineer, PHP Coach, lecturer
- Senior Software Engineer @ WorkHQ
- Lecturer @ Coders Lab
- Lecturer @ AGH University of Science and Technology
- Senior Software Engineer @ FreshMail
- Head Of Technology @ Opcom
- Software Developer @ Eskadra
- https://www.linkedin.com/in/przemyslawkocznur
- https://github.com/przemeko
- Krzysztof Duralek - Senior Frontend Developer
- Summary: 15+ years of experience in Media and FinTech industries. Various positions from developer, to architect, to management.
- Senior Frontend Developer @ WorkHQ
- IT Architect, Partner @ Quantoo Sp. z o. o.
- Frontend Developer @ Schibsted Tech Polska
- Architect & Developer @ Modulus
- Senior Developer @ Softhis
- Production Department Manager@ iFIN24 S.A.
- and more
- https://www.linkedin.com/in/duralek
- https://github.com/kduralek
- Dawid Rashid - Frontend developer
- Summary: 4 years of experience as Fullstack Engineer (JEE, PHP & JS)
- Frontend developer @ WorkHQ
- Web Developer @ ICEO group
- https://www.linkedin.com/in/dawid-rashid-b98944b7
- Taras Bazyshyn @ Senior Android Developer
- Summary: 6 years of experience as a Senior Android Engineer in e-commerce industry
- Senior Android Developer @ WorkHQ
- Team Leader (Android) @ PGS Software S.A.
- Android Software Developer @ PGS Software S.A.
- Mobile & Web Developer @ Szafa.pl Sp. z o.o.
- https://www.linkedin.com/in/tbazyshyn
- And more tech profiles...https://repux.io/team.html
Advisors
- Dr Jay Best
- Summary: "expert in cryptopayments, ICOs and dapps ... Named Top Crypto Strategist UK, seasoned board advisor, pioneered decentralized systems and deep learning at MIT”
- Advisor and investor in Aragon, Particl, RepuX, Experty, NAGA, ArqBravo Group and others
- Chairman @ Cogni Capital
- ICO fund and accelerator investing exclusively in solid, well structured, women led or gender balanced non-U.S. ICOs with high yield potential
- Chairman and ICO Strategy Advisor @ Strategis Advisory - crypto advisory firm
- Crypto Strategy Advisor and Co-Founder @ VentureBoost Group - full service crypto and ICO advisory firm
- Advisor @ LEXBYTE.IO
- Board Member and Investor @ DominAI Ltd
- Technology Strategy Advisor and Investor @ CognifAI
- Co-Founder and Advisor @ Hadean
- Senior Research Scientist @ MIT
- https://www.linkedin.com/in/jaybest1
- Mateusz Mach
- Summary: "Forbes 30 Under 30 winner for his contributions to the hard of hearing community"
- Co-Founder & COO @ Opus foundation
- world’s first blockchain-based music streaming platform - based on Ethereum and IPFS
- Co-Founder & CEO @ Nextrope
- blockchain software house - Ethereum focused
- Co-Founder & CEO @ Five App
- world's first sign-language messenger
- Poland’s youngest person (18 yo) to secure a $200,000 investment round from a VC
- https://www.linkedin.com/in/mateusz-mach-26b490ba
- https://www.crunchbase.com/person/mateusz-mach
- https://crazypolishguy.com/2016/07/17/meet-mateusz-mach-polands-teenage-inventor-and-ceo/
- https://twitter.com/mandmach
- Yagub Rahimov
- Summary: "Starting his FinTech career at the age of 16, Yagub has established multiple companies in 18 countries with a special focus on alternative investment channels and machine learning”
- Advisor to 30+ leading ICOs
- CEO and co-founder @ 7marketz Inc. - parent company of 18 brands in 17 countries
- CEO & Founder @ NewsOgram
- fully automated AI powered and blockchain based smart news assistant with sentiment analysis and fake news prevention
- CEO @ AtoZForex.com
- Global Business Development Manager @ Cyprus based large Forex broker
- Co-founder & Managing Director @ FinTech Startup
- Individual Quant Trader @ Individual Quant Trader
- Douglas Pike
- Summary: "Strong research professional skilled in C++, Blockchain protocol development and Biophysics"
- Co-Founder & Lead Developer @ VeriCoin
- Scientific Programmer @ Rutgers University
- Senior Laboratory Technician @ University of Medicine and Dentistry of New Jersey
- PhD candidate in Biophysics
- https://www.linkedin.com/in/douglas-pike
- https://github.com/effectsToCause
- https://twitter.com/effectstocause
- Justin Jovanovic
- Summary: advising in many decent ICOs and COO in a notable blockchain project
- COO @ InvestFeed
- Advisor @ Texcent, NapoleonX, TokenAI LLC, Universal Health Coin, BlockMesh, Gimmer
- Risk Management @ World Trade Securities
- Risk analysis for 100-120 proprietary traders
- Sales and Marketing Manager @ ArtAssure Ltd.
- https://www.linkedin.com/in/justin-jovanovic-7a48b8b6
- https://www.investfeed.com/Jovanovic
- https://twitter.com/jjcrypto
Partners and Investors
- Partners
- WorkHQ (5 years contract)
- Looks like half of the team members at WorkHQ are also working at RepuX, making their partnership much less significant
- gives potential access to millions of SMEs within China.
- http://www.prweb.com/releases/2017/12/prweb14980030.htm
- a cloud based software as a sales platform for small & medium businesses
- Fung Yu CPA currently in pilot. fungyucpa.com
- Dascom currently in pilot. dascom.com.cn
- Many partners
- Troutman Sanders LLP - legal
- Melrose PR - a public relations and creative marketing agency
- WorkHQ (5 years contract)
- Investors
- 400,000 USD + extra equity raising
- The extra equity raising involved funds, crypto investors and retail investors.
Online presence
- Media coverage - niche & mainstream
- Some coverage in both crypto and mainstream medias
- Some coverage in both crypto and mainstream medias
- Social Medias
- Telegram
- 7.4K members https://t.me/repuxicoEN
- Twitter
- 2.8K followers https://twitter.com/repu_x
- Reddit
- 79 readers https://www.reddit.com/r/RepuX
- Medium
- 43 followers https://blog.repux.io
- Bitcointalk
- Telegram
- Market size
- "According to the World Economic Forum, SMEs represent over 95% of firms, account for 70% of employment and contribute 53% of GDP globally”
- “Repux is well poised to take advantage of the reliance of machine learning, big data and artificial intelligence on large-scale aggregate data and to drive innovation”
- "Machine learning based analysis is projected to grow by over US$200 billion over the next few years. It is big business rooted in the availability of big data.”, RepuX wants to provide the data to this field.
Product status & transparency
- Product status
- "Working product & 3 pilot companies: The marketplace is live ... The companies represent a reach of millions of SMEs"
- Transparency
- Organization registration & jurisdiction
- Panama
- The RepuX Foundation is a Panama non-profit organization established in October 2017 with offices in New Horizon Building, Ground Floor, 31⁄2 Miles Philip S.W. Goldson Highway, Belize City, Belize.
- Open source or not
- Not disclosed
- Not disclosed
- Code audited or not
- Audited in November 2017 by the Hosho Group https://hosho.io
- Audited in November 2017 by the Hosho Group https://hosho.io
- Overall communication
- Rather clean and clear communication. The team was answering honestly on the Telegram group chat.
- Organization registration & jurisdiction
3rd party ICO reviews
- 3.6/5 https://icobench.com/ico/repux/ratings
- 3.62/5 https://icoholder.com/en/repux-ico-16958
- 4.3/5 https://www.trackico.io/ico/repux
- 8/10 https://coinfunda.com/repux-ico-review-here-is-why-you-should-invest-in-rpx-tokens
- 8.6/10 https://icomarks.com/ico/repux
- 7.8/10 https://captainaltcoin.com/repux-cryptocurrency
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- Article written by Adrien Berthou - founder of ICO Points Analysis