RED PULSE TOKEN (RPX)
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https://t.me/redpulse_ruOVERVIEWChina-focused event-driven research firm Red Pulse will launch its initial coin offering (ICO) on October 8, 2017. We will be issuing our RPX tokens based on the NEO blockchain and using the forthcoming NeoContract. Further details will be announced soon! Join our mailing list at
https://www.redpulse.com to receive important updates.
Red Pulse will use the funds raised to establish a research sharing platform that matches consumers and producers, and let consumers guide research. We aim to disrupt the financial research business by directly and fairly compensating analysts and contributors using cryptocurrency RPX. Put simply, Red Pulse is the combination of Seeking Alpha and blockchain-enabled social network Steemit. The platform will initially focus on the China market, while our vision is to create a direct-incentivization ecosystem facilitated by the RPX token, creating a global community of colleagues.
MOTIVATIONChina's economy is already the 2nd largest in the world in terms of nominal GDP, and 1st in terms of purchasing power parity (PPP). However, as a market for investment and industry participation, it remains incredibly difficult to understand. This disconnect presents a huge opportunity to platforms and services that can bridge this informational gap.
The problem is made all the more challenging to solve by several critical circumstances.
Research Content Ecosystem is BrokenThe 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). Smaller and independent research producers lose, as do all financial institutions, both large and small, that are forced into the "all-you-can-eat" pricing model.
Information Accuracy and TransparencyWhile sources of information on China's financial markets and industries abound, information accuracy and transparency are ongoing problems. A common theme is for China market pundits and reputable news sources to report on a market rumor in the morning, only to have it be denied in the afternoon. It's difficult to know who and what to trust, amongst all the noise.
Information OverloadAs China has leapfrogged ahead into becoming one of the most mobile- and Internet-connected societies in the world, market information has now not only become ubiquitous, but well in excess of what an average analyst can humanly process. This information overload phenomenon, while not unique to China, has made the job of analysts all the more difficult.
WHY CRYPTOCURRENCY?Traditional methods of transferring capital using fiat currency incur relatively high transactional costs (often ranging from 1% to 10% along with flat fees regardless of transaction size) due to banks and other financial intermediaries having to address counterparty risk and settlement and clearing costs. Using a cryptocurrency significantly reduces these costs, especially if the platform engages in a large amount of relatively small payments.
The blockchain ledger inherent to cryptocurrencies is a publicly-verifiable record that can be used to confirm that content producers on our system have been fairly compensated for their works. Research consumers will also have confidence that crypto-payments have gone towards research content that they selected, with a dependable system-of-record always available as an accounting of their usage.
Finally, employing a cryptocurrency as the underlying compensation for our open research platform solves the “cold start” problem: convincing enough independent analysts and commentators to contribute to the platform, while convincing enough research consumers (e.g. finance professionals and financial institutions) to use the platform.
In both cases, one party is unwilling to participate if there is not enough activity and usage by the other party. To solve this, cryptocurrency is used to immediately compensate research contributors, thereby seeding the platform with enough valuable content that would attract a critical mass of research consumers. With more consumers, the platform gains in popularity, thereby increasing the exposure to research producers, and their corresponding compensation.
WHY OUR OWN RPX COIN?Building a CommunityEstablishing our own cryptocurrency allows us to create a common language and value system that we can build a community around. Ultimately, this becomes a rallying point, and will attract new participants, both research content producers and consumers to the Red Pulse platform.
Our platform also introduces the concept of research prompts, that allow research consumers to request new research content on specific areas, similar to a Request for Proposal (RFP) process.
Payment Scaling IssuesMajor cryptocurrencies such as Bitcoin, have issues with scaling, as each payment, no matter how small, incurs a transaction fee. As our content platform thrives on the concept of micropayments in exchange for small chunks of research content, these fees can quickly add up. RPX allows both content producers and consumers to keep a running "tab", and set thresholds for automatic or manual exchange to another currency, thereby minimizing the frequency of transactions and reducing aggregate fees.
Managing the Monetary SupplyFinally, by establishing RPX as our own underlying currency driving the content ecosystem, Red Pulse as a company can manage the monetary supply, which is needed to ensure the fairness of the cryptopayments system and research content price setting that is commensurate with real world compensation for similar work produced by professional research analysts.
Red Pulse already has an operational research content platform at
www.red-pulse.com and iOS mobile app, and a prototype of machine learning-based market event data platform, focusing on China's markets and economy from an event-driven perspective. We capture major macroeconomic, regulatory, corporate action, and M&A and cross-border events that we deem to have the potential for significant impact to specific companies, industries, or the economy at large. Red Pulse currently have 50,000+ free newsletter subscribers, and 50 paid institutional clients, including global asset managers and top investment banks.
ICO BONUS STRUCTURE:1st day: 30%
Days 2 – 3: 20%
Days 4 – 7: 10%
Days 8 – 14: No bonus
Hard-capped at USD 15m
Based on NEO blockchain and the NEO smart contract, NeoContract
TEAMJonathan Ha, CFA – Founder, CEO- 12 years experience in consulting and financial services
- Computer Engineering, economics, business education
- 2015 – Present: Red Pulse, CEO
- 2010 – 2015: Z-Ben Advisors, Head of Consulting
- 2008: LG Electronics, Global Marketing MBA Program
- 2003 – 2007: Management consulting in finance sector with AMS, IBM, EMC
- 2009: MBA, UC Berkeley Haas School of Business, Strategy & Marketing
- 2003: BSE, Computer and Telecom Engineering, University of Pennsylvania
- CFA Charterholder
Stanley Chao, CFA, CAIA – Co-founder, Head of Data Science- 11 years experience in investment management and financial services
- Quant background with applied math and computer science education
- 2015 – Present: Red Pulse, Co-founder, Head of Data Science
- 2013 – 2015: Racing Capital, Quant Trader, Derivatives – Options & Futures
- 2012 – 2013: Golden Crops, Financial Analyst
- 2009 – 2011 ATA Funds Management, President
- 2004 – 2008: Pacific West Securities, Due Diligence Analyst
- 2012: Computational Finance Certificate, University of Washington
- 2002: Applied and Computational Mathematical Sciences, University of Washington
- CFA, CAIA Charterholder
Peter Alexander – Co-founder, Non-executive Chairman- 20+ years experience in China financial markets and research
- 2015 – Present: Red Pulse, Chairman
- 2004 – Present: Z-Ben Advisors, Founder / Managing Director
- 2001 – 2004: Prudential Financial (Shanghai), China Chief Representative
- 1997 – 2001: Nationwide Bank (Shanghai), China Chief Representative
- 1995 – 1997: Shanghai University of Finance and Economics, Lecturer
- 1990 – 1995: Brudage Story and Rose (NYC), Emerging Markets Analyst
- 2002: MBA, Rutgers University (Shanghai)
- 1992: International Finance Degree, University of Connecticut
ADVISORSHongfei Da – Company Advisor, Founder of NEO & CEO of Onchain
Tanfeng Cheng – Company Advisor, Managing Director at BNP Paribas Asset Management
Richard Wang – Company Advisor, Partner at DFJ Dragon Fund
Mark Kuo – Company Advisor & Legal Counsel, Partner & General Counsel at Gobi partners, Inc.
Tony Tao – Company Advisor
Sombat Southivorarat – Blockchain & Crypto Advisor
JC Xu – Blockchain and Crypto Advisor
Kenneth Hsia – Blockchain and Crypto Advisor
PARTNERSAccenture - OnChain - NEO - Z-Ben Advisors - Hashed - Kenetic - APEX - NEX
EXCHANGESBinance - Huobi.pro - KuCoin - Coinrail - TDAX - bitbns - Switcheo - NEX
PublicationsRed Pulse First quater 2018 Recap and Update
https://blog.red-pulse.com/red-pulse-first-quarter-2018-recap-and-update-dde18a266d0InterviewsInterview by Hashed:
www.hashedpost.com/2018/05/eng-hashed-people-decentralized-open.htmlInterview by Crypto Times Japan:
https://crypto-times.jp/rpx/Interview by Crypto_Rand:
https://medium.com/@cryptorand/interview-with-red-pulse-china-team-rpx-2c1bfa1c121aMEDIAMar 15, 2018 on CNBC Africa:
CNBC Cryptotrader show Interview with CEO Jonathan HaAug 2, 2017 on CGTN:
Startups turn to Initial Coin Offerings to raise fundsJul 24, 2017 on South China Morning Post:
Hong Kong Programme Hopes to Unearth Next Fintech BlockbusterJune 28, 2017 on CKGSB Knowledge:
The Rise of HNA: Flying Too High?June 20, 2017 on CGTN Live:
How possible is MSCI’s inclusion of China’s A-shares?May 19, 2017 on Nikkei Asian Review:
Another state-owned bank joins Chinese spin-off listing spree in Hong KongMar 22, 2017 on Reuters:
China tells cornerstones to bring money home in blow for smaller HK IPOs: sourcesJan 5, 2017 on Business Insurance:
China’s insurance ownership proposals seen blocking riskier use of premiumsAug 14, 2016 on TechCrunch:
China is Disrupting Global FintechMay 25, 2016 on Funds Global Asia:
CHINA ROUND-UP: ‘Onshore is where the future lies’May 11, 2016 on Financial Times:
Alibaba’s market edge? AI behavioral mindtricksApr 4, 2016 on CCTV:
Red Pulse CEO: Chinese stock markets positive developmentJan 7, 2016 on CCTV:
Circuit breaker triggered after CSI 300 plunges over 7%Should you require any additional information, please feel free to drop us a line at
rpx@red-pulse.com.
