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IPSX – a decentralized exchange for sharing IPs and a framework for building applications

IPSX – a decentralized exchange for sharing IPs and a framework for building applications, on top of the existing IPs shared by the community members and data centers. A smart contract based, blockchain protocols and utility token incentivized mechanism of sharing IPs among actors from all over the world and a framework to build applications that require IPs built in a reliable and open source environment.

IPSX connects actors in a peer-to-peer network, enabling both data center owners and individual users, that will be called “providers” to rent IPs to other users, that will be called “requesters”. The IPs can be used to complete different tasks requiring one or more IPs from different locations. Today, IP addresses are valuable assets with a low liquidity level due to the fact that there is not a simple solution to share/rent IPs based on a specific list of filters and IP resources are supplied by centralized providers which are constrained by closed networks, proprietary payment systems, and many other restrictions.

PROBLEMS

Like said earlier, IP addresses are valuable assets with a low liquidity level due to the fact that there is not a simple solution to share / rent IPs based on a specific list of filters. Bellow they will present some projects and solutions that approached this direction so far: TOR free software project, famous for introducing the idea of Onion Routing to a wider audience. In this system, users download a global list of relays and exit nodes, randomly select from that list, and form onion routes from their selection. Some of the problems it faces:
– high lags because there are no rewards for sharing IPs
– no internal economy
– liabilities (you don’t know what actions the users are doing using your IP address).

SOLUTION: IP SHARING EXCHANGE (IPSX)

Blockchain based system fully automated, with full clearing of utility tokens associating the price and distribution, based on offer and demand for IPs.
First level:
You will be able to share your device’s IP address or as a Data Center to share a full range of unused IPs in order to win real-time IPSX tokens in a safe way. (All connections will be logged in the blockchain). As a client you would be able to access, in real time, IPs from all around the world and use them for short period of times, as of 5 seconds up to a whole month.
Second level:
They will create a framework and a marketplace and allow any business and service providers to build custom made applications that require large volume of IPs based on their SDK and APIs. As a VPN provider, you would be able to integrate your system with their SDK to let your clients choose from millions of IPs from all around the world.

IPSX UTILITY TOKEN (IPSX)

IPSX is a utility token based on the Ethereum technology, issued on ERC20 protocol and it will be used as a unit of exchange between the actors of the IPSX ecosystem. Also, IPSX will be used for commission payments to the platform for all the details that are sealed inside the IPSX ecosystem.
The general conditions for using IPSX will be set in the terms and conditions that are currently in process of creation and review by the legal and technical departments of the IPSX team. The supply of IPSX utility tokens will be limited to the pool of tokens created during project funding period and no other tokens will be issued on an advanced stage of the IPSX project life cycle.


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