After the creation of GeoRanker which is a data mining platform focused on Local SEO Reporting Instruments by Sergiu Draganus in 2011, there were some major problems which were encountered during the mining processes, IP sharing and IP Rental such as good quality and high prices for IPs and low liquidity level among many others.
More so, there was an increase in the demand of IPs from the GeoRanker platform by its clients and it was impossible for them to be satisfied. This led to the development of the IP EXCHANGE (IPSX) platform in July 2017 by the Georanker team members. Let’s look at what IP EXCHANGE is all about and how you and I can benefit from it.
WHAT IS IP EXCHANGE (IPSX)?
IPSX from my research will be the very first decentralized IP sharing marketplace where developers and users can have access to IPs at any time. The platform is combined with flexible tools such as SDKs and APIs in order to aid entrepreneurs and developers in the development of new applications on top of the already existing IPs on the IPSX sharing platform in a fully secured and transparent environment.
As we all know that data is the new resource of the 21st century and the actors involved in the mining of data requires a large volume of IPs in the mining process to be able to perform tasks. Due to this fact, the IPSX team has decided to lower the price of IPs and thereby solving the IPs accessibility and availability problems. This will make IP EXCHANGE a key building ecosystem for all the fields that needs larger or smaller volumes of IPs and also makes accessibility to complex applications emanating from Data mining and other fields easy. From all I can see, IPSX is the home for new applications that requires IPs at their backbone.
IP EXCHANGE UTILITY TOKEN AND ICO
IP EXCHANGE has a utility token known as IPSX utility Token which is based on the Ethereum blockchain technology. The Token will be used as a means of exchange between the actors of the IP EXCHANGE ecosystem, simply put; it will be the only token for exchange on the platform. Below are the details of the IPSX ICO:
IPSX TOKEN DISTRIBUTION
After the funding period, token creation, minting or mining of IPSX will no longer be possible. Once the funding is successfully completed, the IPSX tokens will be transferable. Below is a chart showing how the token will be distributed:
USE OF FUNDS
Every dime raised during the ICO will be used for the development of the IPSX Ecosystem and its benefits. You can get more detailed distribution of funds on the website.
Below is a concise description of what the IPSX team has been doing prior to this time and what they plan to do in the nearest future:
For every great project, there are great brains behind it, below are the brains behind this great project:
To get futher information on IPSX and its ICO please visit:
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1910177