IP Exchange - Distributed network layer
IPSX - a decentralized exchange for sharing IPs shared by the community members and data centers.
A smart contract based, blockchain protocols and utility token incentivized mechanism of sharing IPs are built in a reliable and open source environment.
VISION AND CORE FEATURES
- IPSX is the first truly decentralized IP Sharing Marketplace, which will create a global marketplace for IPs. Combined with flexible tools (SDKs and APIs), to aid entrepreneurs and developers in a fully secured and transparent environment to develop new applications on top of existing IPs on the IPSX sharing platform. It's IPs at their backbone (VPN providers, Data Mining software, web crawling bots, micro tasks, etc.).
- Data is said to be the new resource of our times. At the backbone of Data Mining, large volumes of IPs are required for the actors involved in the mining process to be able to perform tasks. By substantially lowering the price of IPs and solving the IPs accessibility and availability problems, IPSX is aiming to become a key building ecosystem.
SOLUTION: IP SHARING EXCHANGE (IPSX)
Blockchain based system fully automated, with full clearing of utility tokens associating the price and distribution, based on offer and demand for IPs.
First level:
IPPS in order to win real-time IPSX tokens in a safe way. (All connections will be logged in the blockchain).
As a client you would be able to access, in real time, IPs from all around the world and use them for short period of time, as of 5 seconds up to a whole month.
Second level:
We will create a framework and a provider of IPs based on our SDK and APIs. As a VPN provider, you will be able to integrate your system with IPK from all around the world.
ACTUAL PROBLEMS
Like said earlier, IP addresses are valuable assets with a low liquidity level. IPs are based on a specific list of filters. Bellow we will present some projects and solutions that direction this direction so far:
TOR free software project, famous for introducing the idea of Onion Routing to a wider audience. In this system, users download a global list of relays and exit nodes, randomly select from that list, and form onion routes from their selection. Some of the problems it faces:
- high lags because there are no rewards for sharing IPs
- no internal economy
- liabilities (you do not know what actions are using your IP address).
SOLUTION
The use of BlockChain Technology advantages:
-integrate cross platform clients
-create a marketplace where the request will meet the offer for IP services
-sharing / renting IPs using custom filters time frame / price / GeoLocation / protocol
-manage micropayments using ETH protocols and smart contracts
-record all "transactions" (IP shares owner / client) in the blockchain.
IPSX UTILITY TOKEN (IPSX)
IPSX is a utility token based on the Ethereum technology, issued on ERC20 protocol and it will be used as a unit of exchange between the actors of the IPSX ecosystem. Also, IPSX will be used for commission payments to the platform for that IPSX ecosystem.
The general conditions for using IPSX will be set in the terms and conditions of the IPSX team and the legal and technical departments of the IPSX team.
The supply of IPSX utility tokens will be limited to the IPSX project stage life cycle.
IPSX utility token creation
The IPSX is a token on Ethereum platform. Its design follows widely adopted token
implementation standards. This makes it easy to manage with existing solutions including Ethereum Wallet.
Maximum number of tokens created during the crowdfunding period (updated on 29th Jan 2018):
- Total: 1 800 000 000 (100%);
- Funding participants: 900 000 000 (50%);
- Incentives for early adopters and strategic partners 495 000 000 (27.5%);
- Bounty campaign 45 000 000 (2.5%);
- Team and strategic partners 360 000 000 (20%).
Roadmap
As was said earlier, the first stage of funding has taken place and the team members are the first ones to fund the project.
Below is a description of the activities that took place so far and the prevision of the future milestones:
August 2017
- the details of the project were discussed between the management team and advisors.
September 2017
- the work on the concept started, the first draft of the ip.sx website was deployed, and design and first developments of the websites were implemented. Also in September, the legal structure was defined, and the decision to establish a new company in Switzerland, Zug area was taken by the management of the team. All the operations will be conducted from the legal entity from Zug.
October 2017
- the developing team started working on the initial concept and design documentation;
- the first community manager joined the team (welcome Daniel Paraschiv)
- a new office was opened in Bucharest, Romania for the technical and development
departments
- a new office is in the course of being opened in Switzerland, Zurich.
November 2017
- the funding period starts
- the legal team is analyzing the possibilities and options of running a complete legal and fully compliant public crowdsale
- the website will be finalized, white paper published and community engagement will start.
Q1 2018
- the JAVA applications development for different platform starts.
TEAM
INFORMATION :
Website: https://ip.sx/
Whitepaper: https://ip.sx/dist/Whitepaper-IPSX-05.pdf
Facebook: https://web.facebook.com/IPExchange/
Twitter: https://twitter.com/ipexchange1
Telegram: https: // t.me/IPExchange
Reddit: https://www.reddit.com/r/IPSX/
AUTHOR: DEMOLTION
ETH: 0x62b0f6A288263DaFCD6F8831d06fa3586daBb0ab
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