Are you searching for information about the upcoming Datawallet ICO?
Is Datawallet another Ponzi scheme?
If you want answers to these questions, then this article is designed for you.
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Datawallet: Creating a Functional Data Exchange Ecosystem
Datawallet is an innovative data exchange platform whose main goal is to give users a self-sovereign wallet, which allows them to be in control of their data. This revolutionary wallet allows users to monetize and make use of their data. It allows developers to take advantage of an entirely new data ecosystem to come up with sophisticated applications. It also offers companies insights that can help them optimize their operations on a considerably larger scale. This Datawallet ICO review will discuss how Datawallet intends to achieve its goal of becoming the most dominant data exchange platform in the world.
What problems has Datawallet identified in today’s data-based economy?
People generate a large volume of valuable data every time they buy goods on e-commerce platforms, conduct online searches, and interact on social media platforms. Internet users are left out of this fast-rising economic sector, which can improve both their offline and online experience. Companies, known as data brokers, are responsible for acquiring data without the consent of creators and selling it to data consumers. This process creates problems for users who create data and businesses that rely on that data.
Data brokers make massive profits each year at the expense of people who rightfully own the data. They also end up providing low-quality data to businesses. The low-quality data endangers the survival of businesses since they may make important decisions relying on unreliable data. User data is spread across different platforms, and there are no reliable identifiers that can be used to tie data from two different sources to one user. Therefore, data brokers end up collecting poor quality data.
Datawallet understands that the volume and value of data will continue registering a fast-paced growth over the years. For instance, data is projected to be the most valuable resource in the world by 2022. Datawallet, therefore, aims to establish an improved marketplace for data that will meet the unique needs of people who generate data and those who consume data.
As a rule of thumb, data creators should be the owners and controllers of data. Datawallet gives Internet Users the freedom to share the data they generate with their preferred companies. This exchange platform puts the user in control of all aspects involving the data they create. It offers them the right to know how the companies of their choice intend to use their data. It also gives them the power to demand profits generated from an asset that they rightfully own.
Companies that wish buy data will enjoy profits from the new data exchange system. The system will allow them to search for the specific type of data they need to purchase. It also allows them to monitor the data performance.
Datawallet Token Sale
Data Exchange Token (DXT) is the main mean of exchange in Datawallet’s closed economy. The sale of DXT will remain active for 30 days. The commencement date of DXT sale is yet to be announced. The maximum cap on the token sale is $40 million while the soft cap is hidden. Datawallet will supply 1,000,000,000 DXT, with 333,333,333 being the maximum number of DXT sold. The price per DXT is $0.18 while the accepted currencies include ETH, BTC, and BCH.
Datawallet will allocate 33.33 percent of the tokens supplied to the ICO, 16.66 percent will go to the developer pool; the user growth pool will receive 16.66 percent while the remaining 33.33 percent will go to the development of Datawallet.
Who are the Leaders Behind Datawallet?
- Serafin Lion Engel: He holds the CEO position. He has a business administration degree.
- Daniel Hawthorne: He acts as the firm’s CTO. He completed his doctorate in cognitive science at the revered Stanford University.
- Greg Ellis: This MBA holder is the CSO of the company.
- Wiley Mathews: He serves in the capacity of CMO. He is a trained computer scientist.
- Long Ouyang: He is the data scientist. He completed his psychology degree at the prestigious Harvard University and earned his Ph.D. in cognitive science at the renowned Stanford University.
Datawallet is a blockchain-technology based platform that enables data creators to be in charge of their data. They can also sell their data to their favorite companies. The platform allows Internet users to earn tokens every time they sell their data.
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