Upcoming ICO: DataBroker DAO to launch first sensor data marketplace via ICO
Sensor data and the internet of things
Sensor data relates to the internet of things (IoT). So, what is the internet of things? The Internet of Things is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
In short, it’s the concept of having all devices and appliances connected to a network, wherein data can be collected and electronic devices can communicate with one another to provide the best possible service. Generally speaking, the internet of things relies on blockchain technology to most effectively function.
Sensor data is the output of a device that detects and responds to some type of input from the physical environment. The output is mostly used to provide information or input to another system or to guide a process.
Revolutionizing sensor data
According to DataBroker DAO’s introductory video, Americans spent some $600 billion on the purchase and installation of IoT sensors in 2017 alone. So, it’s a massive industry and its growing every year. However, because sensor data is a relatively new phenomenon, the concept/sector is arguably in need of some streamlining. That’s where DataBroker comes in.
The company aims to ‘evolve’ the space by creating a marketplace, with its own native cryptocurrency, wherein users can generate revenue by sell their sensor data and companies and entrepreneurs can buy data for market analysis.
The website states: “Today companies make use of sensor data to optimize and monitor their operations. The result is a single purpose data landscape. DataBroker DAO drives the evolution towards truly ‘smart living’ by making this data easily accessible to cities, organizations and entrepreneurs at an affordable price.”
During the pre-sale, DTX tokens were sold at a rate of one Ether (Ethereum’s native currency) for 4000 DTX and investors received an additional 2000 DTX for each Ether worth purchased. The minimum investment for pre-sale contributors was 10 Ether.
The price will remain the same for the public round of the ICO but without the 50% bonus. Additionally, they’ll be no minimum investment.
However, investors will benefit from a 10% bonus on the first day of the ICO and before and during the token sale, a referral system is in effect.
Contributions via a referral link will result in a bonus of 5% of the tokens sold via the referral link.