IPSX ICO: Decentralized IP Sharing Exchange Platform Network?
Today we are going to review a new blockchain company which has caught our attention recently. Our subject is a company called Ip Exchange or simply IPSX.
What Is IP Exchange?
IP Exchange (IPSX), as you might have guessed, is a company which has been developing services for you to change your IP. The company states that this is a multi million dollar industry because many users of the internet need to change their IP. Security, access to content blocked for their countries and many other things are among the main issues related by customers.
There are some problems, though. Why would anyone share their IP? They can have legal problems by doing it and they get no revenue at all, which will obviously make them less invested in doing that. What the company is proposing is to create a service in which you can lend your IP to other people, receive money and be protected in case they use it for illegal purposes.
This company was founded by George Bunea, which is the current CEO and has years of experience in the technology market.
How Does IP Sharing Exchange Platform Work?
Basically, the company is creating a platform in which you will be able to lend your IP to other people using the blockchain. You will be protected because the information will be publicly stored (which means that if something illegal is done using your IP, you will have a way to defend yourself) and you will be paid via smart contracts for lending it. Lenders can get IPSX tokens or fiat currency.
If you are a user, you will be able to get more security because you will have a vast array of IPs that you can use. The price will be regulated by offer and demand, meaning that if many people are offering IPs, you will have to pay less for them. You will have to pay with IPSX tokens for this service. You can decide for how long you are going to use the new IP and this will affect its price.
You can use this service in tablets or smartphones, but apparently not on desktop computers yet. The company has made its API public, so you can integrate it to use the service as you wish.
How To Invest In The IPSX ICO?
To invest in IP Exchange, you will have to acquire its IPSX tokens during the Initial Coin Offering. Unfortunately, the company did not release a lot of information about it so far. The pre-ICO was held in 2017 but the public sale is stated to begin on the first quarter of 2018 without an official date. 900,000,000 IPSX tokens will be sold during the ICO (half of the total number).
The IPSX tokens are ERC20 based and use the Ethereum blockchain. They will be the basic currency in the company’s platform, so it would be better if you buy them during the ICO if you plan to use the platform in the future.
The IP Exchange Verdict
Is IP Exchange the best investment for you? In the case that you want to use this platform in the future, it can be. It seems to be a good company if you are interested in lending or using different IPs, so it can definitely be a great choice to invest.
In the case that you only want to use this platform to get a return on investment, it probably will not be as good because the return on investment might take a while. You will probably get it, though, you might just have to wait for some time.
Should you invest in IP Exchange? Only you can answer that, but our verdict is that this company can be a very interesting option for you if you intend to use it. If you still want to know more options, you can always check our blog.