Tokenomics of the Opiria Project and Why It Is Worthy of Investor’s Resources
Tokenomics of the Opiria Project and Why It Is Worthy of Investor’s Resources
In my previous article here, I gave an introduction to the Opiria Project where I describe what the project is about and why it is imperative for the data brokerage industry briefly. Today I will say more on the project explaining the tokenomics and why it is worth investor’s funds during the token generation event and after it has been listed and trading on exchanges. So I will dive right to it.
The Tokenomics of the Opiria Project –PDATA.
The Opiria Platform is a decentralized application which enables the secure, and incentivized trading of personal data. Data according to Opiria is the Oil of the 21st Century. This I believe they got right because every business today requires customers perception of their operations and/or product offerings so as to be better in providing what they do to remain relevant. Also, its important for user’s choice and decisions to be built into products so as to be able to market it.
These are some of the reasons why user data is important to businesses. But in order to power the decentralized application, the PDATA token is needed to be the currency through which economic activities can be initiated and settled in the platform.
What this means in essence is that for a DATA CONSUMER to purchase personal information on the platform, the PDATA is needed to buy while the seller is to received economic benefit of that transaction in the same PDATA token. Also, for consumers of data to send surveys to data owners, they also would need to use to PDATA token while owners of data will holding more PDATA will increase their chances of getting offerings from consumers of data (companies).
This is why the PDATA token is important. Another aspect of this PDATA importance though it has been highlighted in previous article is that the project is not a standalone project rather already has existing data consumers and thus instead of seeking out consumers, it already has a market for data that would be traded on the platform.
The PDATA token has a total supply of 750million with the Public sale price valued at 0.10US dollars per PDATA token.
Next is why I It Is Worth Investor’s Fund.
Whether a project is worth investor’s fund is tricky question which has to be answered with concrete information backing the answer to be given. However, I feel and think based on concrete information which will be presented in my argument that OPIRIA is an investor’s worthy investment.
My arguments will be the uniqueness of the offering, the market and the rate of adoption and these I will take together to strongly present my argument on the Opiria project.
The project in itself is not a unique idea however, there is a saying; “if you are not the first, be the best”. And the best is what Opiria has set out to be by presenting a project a first of its kind offering in a new kind of emerging market. Opiria is presenting a digital market with an already existing business model.
Consumers of data will be able to market their data to already existing organizations such as, BMW, Mercedes-Benz, Volkswagen, General Motors, Intel, Procter & Gamble etc which is unlike other decentralized data brokerage marketplaces already existing. Is the rate of adoption.
Brand name is a driving force in businesses, therefore with such names as advisor’s not considering the team members in this case, such as Ismail Malik the Founder & CEO BlockchainLab, Dr.-Ing. Wolfram Remlinger who has worked in Research and Development in Car Manufacturer AUDI, A member of the European Parliament Daciana Octavia Sârbu and Sam Lee a Director of Research at Strategic Coin etc, there is enough room for these influencers to cause growth in the utility of the project.
For more resources,
Official Website: https://opiria.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3076122.new#new
Telegram Community: https://t.me/PDATAtoken