$ 1.329 0.00%

DataBroker DAO (DTX) Rank 106

Market Cap $299.03 M
Volume 24H 0 DTX
Open 24H $1.329
Low/High $1.329 - $1.329
Compare to

Mkt.Cap $ 299.03 M Volume 24H 0.00000000 DTX
Market share 0.06% Total Supply 225 M DTX
Proof type N/A Open $ 1.33
Low $ 1.33 High $ 1.33
Date Price Volume

Databroker DAO


Since the concept of new-age is smartening almost everything living around, we should also know how we get all those messages in a wink, on our device screens. Each device has very specified set of purpose, just Fitness Trackers won’t track your car, but heart beats, number of jumps, lazy hours and etc. This is why, data can be used only for single drive in a silo and not to be used for any other area or purpose. The authority of DataBroker DAO project wants to abridge the variety of sensor data owners and purchasers onto a single platform and also monetize their participation. The token will be used as credit for buying and selling the sensor data within the platform.

Not just the wise token allocation, but their purpose deserves to be supported. The stakeholders of the DataBroker DAO will be the owners of sensors, data processors, buyers of data, and the gateway operators. The owners of the sensors that decide to sell their data will earn 80 percent of the amount received. They will be required to pay a small recurring fee for the opportunity to place their sensor on this platform. The data processors will buy the data with the goal of enriching it and reselling it.

DataBroker DAO description

Throughout history, startups have come up with new and innovative ways to raise funds to help launch their businesses. One of the latest and most popular fundraising strategies for today’s startup companies is the Initial Coin Offering (ICO).

Thus, the number of investments in digital business will increase, which will occur as a result of increasing conditions and increasing profits. This coin is actively growing investment in loT-sensors, it is done by both companies and individuals. There are many facts confirming that the number of investors will increase every year.

This is where the data streams will flow over, and combined with the smart contracts the core value of the platform. We expect quite a few gateway operators to use the dAPI to build a marketplace in their existing platforms. There will however be quite a few that do not have an integrated approach, or no existing systems to integrate with. That is the reason we will build a DataBroker DAO marketplace frontend and offer this frontend in a white labeled form to gateway operators. This will be a heavy focus for Q3 of 2018 to reach the next guideline.

DataBroker DAO: Analysis and Overview

The first decentralized market is being created where sellers and buyers of data from IoT sensors can meet. Thus, IoT data will be available to those who are interested in them and the owners of the sensors will be able to earn income. The platform will operate on the blockchain and will be completely decentralized and will become the first platform for trading IoT data.

However, unlike an initial public offering (or IPO), an ICO leaves an investor with no asset of tangible, or intrinsic, value. There is a possibility of the investor recouping their investment multiple times over. However, there is also the possibility that the project – and the cryptocurrency that supports the underlying blockchain application fails. The development team for the startup proposes a viable blockchain project.

New ICO and Token Sale

Also, manufacturers of IoT-sensors will be able to stop endless concessions in trying to sell equipment, because with the advent of DataBroker DAO, the demand for it will increase. For manufacturing companies, it is possible to direct available resources to generate more profitable SaaS offers. The mission of the project is to accelerate the evolution of the "smart" use of IoT sensor data.

Apart from these, smart city initiatives and agricultural sector will be able to restrict their upfront cost of a populous city with adequate sensors and also turn the spending into a profit-worthy investment. Speaking of agricultural sector, only 10% of farmers are tech-savvy. What they do is deploy sensors for temperature, humidity, wind and barometric pressure measurement. Lastly, and not the least of course, institutions will be able to get millions of sensors and purchase data straight from the owners. The cost is also cheaper on this blockchain-enabled marketplace.

Without a regulatory authority in place, the only recourse for investors to protect themselves from a fraudulent ICO is to do meticulous research on the company. In many cases, this will involve scrutinizing the white paper (a white paper that lacks a lot of detail is a red flag), digging deeply into the team members, keyboard members or investors. In this information age, prospective employers can find out a lot about you just by running a Google search. The same is true of anyone looking for your investment dollars.

If TixCoin takes off and is well used, then the value of your TixCoin should correlate with the value of the business. DataBroker DAO reached its highest price on 22 June, 2019, when it was trading at its all-time high of $ 0.272834. Icotokennews.com is only a website offering information - not a regulated broker or investment adviser, and none of the information is intended to guarantee future results. All the analyses and reviews are personal opinions of the author.

DataBroker DAO description

We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts. Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts. DataBroker DAO forecast, DataBroker DAO price prediction, DataBroker DAO price forecast, DTX price prediction, DTX forecast, DTX price forecast. These are some other terms to define this DataBroker DAO (DTX) technical analysis page.

However, when you consider that most IPOs fail even though there is regulation in place, you can imagine the risk for an ICO that is highly unregulated. Remember this; an ICO is about launching a cryptocurrency. It is not about getting seed money for a bakery or a restaurant. Once the ICO is complete, the tokens are made available to trade on a cryptocurrency exchange. The team provides information regarding the number of tokens that will be available, the price and utility of the tokens, and a maximum target price.

  • It is the first ever attempt to create a blockchain based decentralized marketplace for IoT sensor data.
  • They all will be allowed monetizing their data and convert any drowning money into revenue stream.
  • The main advantage of DataBroker DAO is that the platform will make available data of IoT-sensors for city authorities, representatives of the agro-industrial complex and agriculture, research organizations.
  • Not less benefit DataBroker DAO will bring to network operators.
DataBroker DAO description

What is an Initial Coin Offering (ICO)?

DataBroker DAO description

In the first place, an investor is not getting an ownership stake in the business. What they are getting is a currency that, at the moment of the ICO, has no value. The hope is that the business will thrive and the value of their new cryptocurrency will increase in value.

Is it profitable to invest in DataBroker DAO (DTX) ?

DataBroker DAO description

DataBroker DAO, with the help of Smart Contracts and dApps, solves the issue by presenting a decentralized peer-to-peer marketplace for IoT sensor data. The key goal of this project is to launch distributed marketplace for IoT sensor data, which will further abridge consumers and owners of sensor data onto a single platform. The entire system is supposed to be running in blockchain, involving sensors owners, network owners and data processors as well. Today, it’s Internet controlling even our conscience possibly. Data sensor taking over almost everything, today we have reached here to discuss how to enhance its industry and make data sensor business much feasible.

Step-by-Step guide how to buy ICOs:

DataBroker DAO description

As a decentralised marketplace for IoT sensor data, Databroker DAO enables sensor owners to turn generated data into revenue streams. No investment is without risk, but an ICO is a speculative investment at best. And with over 3,000 cryptocurrencies in existence, and more being created almost daily, there is a high probability that any give ICO will fail.

The core of this platform is the registry of sensors and data streams that will be offered by the platform. The streamed data can be live data that is sourced from an IoT sensor and the sale of data will be based on time span.

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You can see list of exchanges from where you can buy or sell DataBroker DAO (DTX) here. Based on the data, it can be predicted that it is Profitable to invest in DataBroker DAO (DTX) for the long term. By long-term, we mean that the DataBroker DAO forecast for a period of 5+ years. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Fundamental company data provided by Morningstar and Zacks Investment Research.

One of the larger challenges for DataBroker DAO will be scaling the team fast enough to cope with market demands. Onboarding a new sales team and additional developers is a daunting task. Since September this has been an active focus and this will be the case for the years to come. With the availability and the ability to trade the DTX token, the platform can move to the mainnet.

DataBroker DAO description

Blockchain is the technology that is a key component to any ICO proposal. The decentralized, record-keeping technology provides accurate, secure data storage on a digital ledger. Any new project that is requesting an ICO has to have a viable project that would use the new cryptocurrency.

DataBroker DAO description

Owners of Ios sensors will be able to profit from the data they generate, gateway operators will open gateways, thanks to which owners of data from IoT sensors will be able to sell them through a decentralized platform. The buyer of the data will be able to buy them for further processing and use in their activities or for subsequent resale.