Databroker DAO ICO Review: DTX Token Review,Info,Rating

Databroker DAO ICO

0.13$
Databroker DAO ICO
8.2

TEAM COMPOSITION

8.5 /10

BITCOINTALK.ORG THREAD

8.8 /10

Community and Media

7.0 /10

TOKEN DISTRIBUTION

8.0 /10

WHITEPAPER

8.5 /10

Pros

  • Users can monetize their data.
  • redeemed sensor costs
  • Users can gain access to thousands of sensors.
  • Turns expense into investment

Cons

  • It has several nodes from where data can be attacked by the attackers.
  • Need more stable plan and advertisement.

The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer based system. It helps to increase the efficiency improvements, economic benefit and reduced human intervention.

Individual, companies, researchers & governments are spending hundreds of billions each year on buying and maintaining IoT sensors. Growth of the investment and application in IoT is truly shaking. Now also the data captured by these devices are locked up in silos and walled gardens. These are the places where the bulk of data are stored.

From reaching sensors to silos these data flows over gateway operators, like telecom companies, networks and even the control panels of the sensor manufacturers.

Mostly the sensors owner have a two year business case. This is used for the placement and the data they generate.

The primary market for these sensors is expected to reach 1.2 trillion USD in 2019, and estimating that at least 10% of the data generated is sought for others (1-3 times). The value of data locked away will reach 120 billion next year.

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Here Databroker DAO comes into play!

What is Databroker DAO?

DataBroker DAO is the first marketplace to sell & buy sensor data. Today companies make use of sensor data to optimize and monitor their operations. The main aim of the platform is to unlock the potential and monetization of IoT sensor data.

As a decentralized marketplace for IoT sensor data using Blockchain technology, Databroker DAO enables sensor owners to turn generated data into revenue streams. This will open up a wealth of opportunities for various industries. Data will be used and become more effective.

white paper

How Databroker DAO will solve these problems?

DataBroker DAO is the first marketplace for IoT Sensor data that will connect sensor owners with purchasers of the data directly. This will be done by utilizing the existing infrastructure from telecommunication providers operating sensor connectivity networks based on GSM, LoRa, SigFox or via a proprietary gateway of the sensor owner.

In a sense, the DataBroker DAO can be likened to a “secondary market” for IoT sensor data and has been referred to as an “eBay” or “Amazon” for IoT sensor data.

How Databroker DAO works?

The platform works on Ethereum blockchain to unlock the potential of IoT sensors. Via their gateway operator, the sensor owners place the data generated by their sensors up for sale (while staking some of their DTX tokens), and buyers can discover and purchase access to the data using that same DTX token.

The gateway operator will run their own Ethereum main network blockchain node and run the open-source DataBroker DAO DAPI (distributed API) on top. Data generated by the sensors of their clients is sent (within the same datacenter) to their dAPI which check who has purchased access and send the data directly on to the location specified by the buyer on purchasing.

Since the gateway operator is already set up to deal with the data its clients generate, routing purchased data streams to a location on the internet is a straightforward extension.

For doing so, the gateway operator is awarded 10% of each transaction in DTX tokens. The platform also earns 10% and, most importantly, the lion share goes to the sensor owner receiving 80% of the proceeds.

Who are the stakeholder of Databroker DAO?

  • Data buyers
  • Data processors
  • Gateway operators
  • Sensor owners

Who is it for?

  • Sensor owners
  • Network operators
  • Sensor manufacturers
  • Smart city initiatives
  • Agriculture sector
  • Academics

DTX Tokens

The DTX token is a utility token in the Databroker DAO platform. This is an ERC20 compliant token with 18 decimals. The token will serve as the credits to buy and sell sensor data within the platform.

Apart from the initial use in the platform, the token is based upon the MiniMe standard. The goal is to have 1 DTX token to cover the average value of the data from a sensor for one week. This allows this platform to have enough granularity (at 18 decimals) to work with micropayments, even after significant growth and price increases.

ICO details

Start data – 26th April 2018

End date – 30th June 2018

Token Details

Token name DTX
Base rate 4000 DTX = 1 ETH
ICO Token price 1 DTX = 0.13 USD (0.00025000 ETH)
DTX token trading start date 7th July 2018
Exchange platform CoinFalcon
Main sale bonus first day 10% (4400 DTX)
Tokens for sale 108 000 000 DTX
Total supply 225 000 000 DTX
Distribution in ICO 48%

Token Distribution

Funds Distribution

Conclusion

The project is targeting many areas of data collection. So there is a high chance of success of this project. Also this project will be actually useful for many sectors who are unable to earn money by providing the data also. The market strength of the project looks good. The company has managed to increase the reach in terms of creating community and building alliances. Which is always a big plus to any project

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Cheers!!

 

VirWoX

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