Red Pulse Token aims to be a “next generation intelligence and content ecosystem” catered towards the Chinese financial market. Find out how Red Pulse Token works today in our review.
What Is Red Pulse Token?
Red Pulse Token is a digital currency found under the symbol RPX. The currency’s crowdsale is scheduled for September 10, 2017.
Red Pulse Tokens are NEO tokens issued by a company named Red Pulse. Red Pulse is an event-driven research firm that covers market events impacting Chinese companies, sectors, and the overall economy. Red Pulse has been operating in China since 2015, sharing information about Shanghai’s financial industry.
The goal of the Red Pulse Token is to enhance information sharing across the Chinese economy. China has the second largest economy in the world in terms of nominal GDP (the first largest economy in terms of purchasing power parity, or PPP). However, as a market for investment and industry participation, the Chinese economy is difficult to understand. Many outsiders have trouble understanding the economy.
That’s where Red Pulse sees an opportunity: they plan to bridge the information gap with a research content ecosystem.
The Red Pulse platform was initially launched in 2015. It’s a working platform available today to access content about China’s financial markets. However, Red Pulse sees an opportunity to use blockchain technology and cryptocurrencies to enhance the efficiency of their content production system. Cryptocurrencies facilitate frictionless transactions, for example, and blockchain technology ensures a transparent content creation process.
What Problems Does Red Pulse Token Seek To Solve?
Red Pulse identifies all of the following problems with modern content research and economic information:
Inefficiencies In The Research Content Ecosystem:
The research content ecosystem, as it exists today, is broken. The economics of the research business has become dominated by a few key players in content production (sell-side research) and content distribution (major financial terminals). This makes it difficult for small, independent research producers to compete. All financial institutions are forced into the “all you can eat” pricing model.
Accuracy And Transparency:
You can find plenty of information on China’s financial markets. However, not all of this information is accurate, transparent, or unbiased. Market pundits and reputable news sources might report on a market rumor in the morning, only to have that rumor be denied later in the afternoon. “It’s difficult to know who and what to trust, amongst all the noise”, explains the Red Pulse Token official website.
China is one of the world’s most mobile and internet-connected societies. Information is easy to access. However, the Chinese also face an information overload that’s “well in excess of what an average analyst can humanly process.”
How Does Red Pulse Work?
Red Pulse plans to solve all of the above problems by creating a cryptocurrency-based research content platform.
That platform simplifies incentives and directly compensates research producers for their valuable insights while ensuring research consumers can access the research that is most relevant to them.
The center of Red Pulse’s ecosystem is the RPX token, which works as the underlying currency. It provides token holders with direct participation in the rise of China.
RPX will be used to power content production, distribution, and consumption. The content will initially be focused on China’s capital markets. The goal is to create a direct-incentivization ecosystem facilitated by the RPX token, creating a global community of colleagues.
Red Pulse also has a role in this system: the company will maintain quality across their content ecosystem. They’ll provide editorial oversight of the platform structure and administer a fair and transparent incentivization system. They’ll vet and approve select research producers as expert-level contributors and help research consumers and producers be aligned with the increasing demand for China market insights.
In addition, Red Pulse will have an automated and scaled machine learning system to aid in the research process. That machine learning system will help deliver the most relevant data to analysts. Data collection, data classification, and basic analysis can be performed by machine learning systems.
Red Pulse Token Features
Red Pulse has been available since 2015. The platform is already used by Fortune 500 companies and financial institutions. You can try Red Pulse online through Red-Pulse.com. Here are some of the current and proposed features for Red Pulse:
- Aggregation: Automated and manual collection of Chinese market news and company-specific developments.
- Curation: Analysts cull information, moderate biased viewpoints, and highlight any developments that lead to actionable decisions.
- Analysis: All information is methodically assessed for relevancy. Further research and analysis is conducted to explain the impact on markets, companies, and end investors.
- Client-Only Web Portal: A private portal on Red-Pulse.com provides a real-time feed and access to 4+ years of archived and tagged research. This portal is only available to clients.
- Mobile App: The iOS app for iPad and iPhone offers real-time push notifications based on company, sectors, and topics.
- Financial Terminals: Red Pulse utilizes information from Bloomberg terminals, Thomson Reuters Eikon, S&P Capital IR, and FactSet.
How Does The Red Pulse Token Work?
Why is Red Pulse adding cryptocurrency to its platform? The company plans to embrace cryptocurrency-related benefits like reduced frictional costs (frictionless transactions across the platform), and a publicly-verifiable system of record (to ensure fair compensation for content). It will also solve the “cold start” problem by incentivizing both research analysts and consumers to participate.
Red Pulse will use RPX to build a community. It will also use RPX to avoid high transaction fees. Without a cryptocurrency, micropayment transaction fees could quickly add up.
Finally, Red Pulse will manage the supply and distribution of RPX to ensure fair and transparent compensation for quality research.
About Red Pulse
Red Pulse is led by Founder and CEO Jonathan Ha, CFA, along with Stanley Chao, CFA, CAIA (Co-Founder and Head of Data Science), and Peter Alexander (Co-Founder, Non-executive Chairman). Full details about the Red Pulse team can be found online at the official website.
Red Pulse launched in 2015, offering web-based information about China’s financial markets. Today, they have many institutional clients – including Fortune 500 companies and global asset managers. They also have an existing iOS mobile app and 50,000+ subscribers in China.
The Red Pulse Token Crowdsale
Red Pulse’s crowdsale is scheduled for September 10 to September 24.
NEO tokens are the only accepted payment method. 1 NEO token will buy you 1,000 RPX.
The company is seeking to raise $15 million USD in funding. Bonuses are available on days 1 through 7 of the sale (starting at 30% on the first day, 20% on days 2 and 3, and 10% on days 4 through 7).
Red Pulse Token Conclusion
Red Pulse is a Chinese financial information platform launched in 2015. The platform is currently used by global asset fund managers and Fortune 500 companies worldwide. However, Red Pulse believes they can benefit from cryptocurrency and blockchain technology. The company is releasing Red Pulse Tokens, or RPX, during their ICO in September. You can purchase RPX tokens using Neo tokens.
Tokens will be used to incentivize content development on the platform. The currency will also be used to enable frictionless transactions. You can learn more about Red Pulse and the Red Pulse Token (RPX) online today by visiting Red-Pulse.com.