RepuX SWOT Analysis (new ICO)
RepuX is an innovative blockchain-powered marketplace that provides utility to unused data spread across millions of institutions and businesses across the globe.
With RepuX, developers can harness unused data to advance machine learning algorithms.
Read on to learn about this project’s strengths.
Part 1: Repux SWOT Analysis
SWOT analysis sheds light on the potential of a potential project.
RepuX is a marketplace that will offer massive value to AI development. While the product is extremely valuable; its main strengths are:
RepuX's team isn't a novice entry to the blockchain market. In fact, its members have past experiences in launching and developing decentralized products. Having an experienced founding team is a major strength to any project.
RepuX isn't just a whitepaper or an idea; it's already real! The RepuX team has already launched a functioning platform and has even signed on 3 pilot companies. This is a testament to the ability and dedication of the founding team.
One of RepuX's pillars is that offers a decentralized platform for providing valuable, unused data. The vast portion of businesses, by volume, are small enterprises. These companies have limited labor resources and generally do not hire tech-focused workforce. The blockchain, to the vast portion of the population, is a mystery. They are aware of it but they are convinced by media that this technology is too difficult to understand.
Given the present state of the public grasp of blockchain and products based off it, it is imperative that the RepuX UI is extremely welcoming to the masses.
Additionally, most people are averse to the idea of owning crypto. It's in RepuX's best interest to offer an internal extension for trading RPX to fiat pairs, and to ensure that users consider RPX as a utility token first, and crypto investment second.
The tech sector is massive and it is growing at a phenomenal rate. Shares of Amazon, Microsoft, Google, and Facebook gained almost a trillion dollars in market cap in the past 365 days. That's trillion... with 12 zeros.
These companies want to sustain this degree of growth to keep their shareholders pleased. Advancements at such a pace are unsustainable without advancements in AI.
The behemoths of the tech world have placed their main focus on advancing AI, with a particular focus on machine learning. This technology allows the companies to make improvements without 100% direct contribution from engineers. The fuel for the advancements in machine learning is data and RepuX is about to become the most convenient and immediate source of it.
Do you know what is the main issue that Google, as a search engine, faces?
Dealing with low-quality, spammy websites. Given that RepuX is decentralized and allows easy access, the product may fall prey to early adoption by low-quality data providers since these type of people are most keen to pursue monetary incentive.
But the RepuX is aware of this potential problem has already taken measures to deal with it throught the reputation system. That clearly shows the team has a crystal grasp of the market environment and is well-prepared to take measures to ensure spammers are thwarted. As the product advances, you can be certain more and more features will be released to ensure RepuX holds in-demand data and maintains low-quality providers off its marketplace.
Part 2: Essential Information
🌐 Website: https://repux.io/
💡 Whitepaper: https://repux.io/white-paper.html
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2613666.0
💻 Telegram: https://t.me/repuxicoEN
⌚️ Token Sale: MAR. 6 – APR. 5
📃 Ticker: REPUX
👂🏻 Token Type: ERC20
🔗 KYC: YES
💰 Accepts: ETH; BTC; USD
↘️ Can’t Participate: CHINA
👔 County: Poland
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Repux Website: https://repux.io/
https://bitcointalk.org/index.php?action=profile;u=1700741;sa=summary
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