Decentralized Megabyte Exchange: KeepGo’s Buy & Sell Data Trading
KeepGo Foundation is Ready to Launch a Decentralized Megabyte Exchange
According to a recent study conducted by the Pew the Research Center, smartphone use is at a record high. Moreover, adoption continues to accelerate all over the world. Some users may prefer Android phones while other iOS devices, but both of them have been growing in recent times.
Smartphones work as a Swiss army knife because they allow individuals to have a wide variety of technological tools just in their hands. For example, 51% of US shoppers make purchases on their smartphones and 55% of them consume news on their devices.
At the same time, phone users produce an important amount of data, sending more than 16 million text messages every minute and uploading 95 million photos on Instagram every single day. Additionally, people performs more than 20,000 searches every second.
And of course, there are big winners in this new economy. These are cell providers that charge important sums for data plans. This situation creates costly plans that provide little flexibility or resale opportunity.
KeepGo is a blockchain-based startup that allows users to keep control of their data plans. In general, people experience a lack of data that they need. But it can also happen that they have significantly more than what they use. And this is something that needs to change.
According to CNN, nearly a quarter of customers of the most important cell providers in the United States, AT&T and Verizon, paid excessive amount of charges within the last half a year.
KeepGo’s decentralized exchange allows users to solve that problem and sell and buy their data in a marketplace. Users that have not enough data can purchase it on the exchange, and those users with cellular contracts that exceed their needs, they can sell the extra data.
Another important tool of the exchange is related to international travellers. It may happen that people moves from one country to another and they need to buy expensive data plans abroad. With KeepGo, they are able to avoid that by purchasing the data needed on the exchange.
KeepGo’s exchange is controlled by the market, and nobody controls the prices or has an improper influence on it. The exchange is managed by blockchain-based smart contracts that execute buy or sell orders according to the rates displayed at the moment.
In order to buy and sell data in a p2p format, it is necessary to use the KEEP token, a native digital currency that ensures users that they don’t have to pay fees or other costs.
Additionally, the KeepGo exchange is based on open sourced code that has been initiated by the KEEP Foundation, a non profit collective of developers. The main intention of the KEEP Foundation is to work for a fair and open telecom services. KeepGo will be helping the industry to become more user friendly and equitable for everyone.
KeepGo has decided to take control from large corporation and return it to the users with this cellular data exchange.