DATUMTHE DECENTRALIZED DATA MARKETPLACE
WHAT IS DATUM ?
Datum is a decentralized and distributed high performance NOSQL database backed by a blockchain ledger. This technology allows anyone to backup structured data like social network data, data from wearables, smart home and other IOT devices in a secure, private and anonymous manner. Datum provides a marketplace where users can share or sell data on their own terms. Datum encompasses the following key elements: - A fast decentralized data store allowing users to store structured data securely running on a smart contract blockchain - The DAT token enabling this data storage and sharing - The data marketplace, enabling individuals to monetize their data on their terms - Datum leverages BigchainDB and IPFS to provide an infinitely scalable, decentralized data storage backend. - Data storage and data sharing is paid for by the DAT token. The EcosystemThe Datum network relies on the DAT token smart contract to provide secure trading of data while respecting the terms set out by data owners.
- Data owners pay small amounts of DAT tokens to store data - Storage node miners earn DAT tokens for storing and transmitting data - Data can be purchased by spending DAT tokens, on the owners terms
DATUM FEATURES
Decentralized Data Storage: Datum provides secure, private, and anonymous storage of structured data. Storage Nodes: Miners running storage nodes are paid for storing and providing low latency access to data. Marketplace: Datum’s marketplace allows users to share their data selectively or sell their data to trusted entities.
TOKEN ALLOCATION
51% of all minted DAT tokens will be offered for purchase by the public under the ticker symbol DAT. The crowdsale will take place on 29th October 2017 at 1 PM UTC (GMT+0) and stay open for 31 days or until the hard cap of 153000 ETH is reached. 75000000 (75 million) DAT Tokens will be offered to selected investors and the public as part of a Presale starting from 11th August 2017, this represents ~4.9% of the tokens for sale . 29% of minted DAT tokens will be held in a reserve by the Datum Network GmbH for community initiatives, user growth, business development, academic research, and future market expansion. 20% of raised DAT Tokens will be allocated to DAT core developers, founders and advisors over a two year vesting period as incentive to ensure long term alignments of interest and commitments towards the future value of the tokens. USAGE FUND
Funds raised will be allocated as follows. To mitigate volatile cryptocurrency markets and to provide Datum Network GmbH with a runway of 24+ months, up to 40% of raised funds will be hedged in USD/EUR/BTC. A budget is outlined below assuming a scenario where the first ceiling of 5000 ETH equivalent has been reached. ROADMAP September 2016 Concept Development Founders start exploring large scale data storage for IOT devices in the medical and smart home sector and devise first prototypes of structuring unstructured data June 2017 White Paper & Concept Validation With the release of the white paper and the resulting community feedback we have fine tuned the concept and laid out the roadmap for the Datum Network 11th August 2017 Pre-Sale & Alpha Version The Presale for the DAT Token starts, DAT allows users to participate in the new data economy. Datum will also release a demo of the Datum app before end of August. 29th October 2017 to 29th November 2017 Datum Token Sale The Datum Token Sale will run from 29th October till 29th November or until the hard cap is reached. Meanwhile development of the Datum test network continues. December 2017 Test Network Launch The launch of the Datum test network marks the beta release and will allow basic functionalities to be explored by developers and the community. March 2018 Release Candidate The feature complete release candidate will be deployed to the test network and undergo intensive testing and bug fixing over the next three months. June 2018 Datum Launch The launch of the Datum Main Network marks the start of the new data economy. At this point the Datum Network will consist of the decentralized Storage Layer, the Datum App, Open API's to submit and consume data and a full fledged trading system. DATUM TEAM
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