IPSX – a decentralized exchange for sharing IPs and a framework for building applications, on top of the existing IPs shared by the community members and data centers.PSX 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 the already existing IPs on the IPSX sharing platform. It will become a framework and a marketplace for new applications that require IPs at their backbone (VPN providers, Data Mining software, web crawling bots, micro tasks, etc.).
IPSX core built-in feature set is a dedicated Ethereum-based transaction system, which enables direct payments between requesters and providers, solving all the above mentioned problems, increasing the liquidity of the IPs and allowing any actor that has an IP on his internet connected device, to take part into a multi-billion yearly business, that otherwise would be closed to home internet users.
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 all the details that are sealed inside the IPSX ecosystem. The general conditions for using IPSX will be set in the terms and conditions that are currently in process of creation and review by the legal and technical departments of the IPSX team. The supply of IPSX utility tokens will be limited to the pool of tokens created during project funding period and no other tokens will be issued on an advanced stage of the IPSX project 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 using 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%).