[ANN][Open Now🔥]DataBroker DAO ⭐ Decentralised marketplace for IoT sensor data.

[r0derik]

This seems like a great project but I do have a few areas of concern before I invest.
What is the benefit for the token holder other than being able to purchase sensor data?

That is the reason for the token. We need one for the state channels and microtransactions. Pure utility.

Do token holders receive any reward for staking?

Not as of yet.

Your white paper mentioned something about your token being used on your platform instead of Ethereum because of volatility of the Ethereum price. Does this mean that your token won't be traded on exchanges to avoid price fluctuations?

Since the project is a "real" business, we hope the volatility will be less than ETH in the long run. if this proves to be a false assumption, we are looking into solutions like a Variable and a stable coin.

In short, is the ICO only a form of crowd funding or is there some other benefit to investing that I missed?

Apart from being part of one of the very few practical, going into production, projects?

[alcoholbtc]

Will you work in China?

[r0derik]

Will you work in China?

yes

[tr1ple6]

As I stated before, I like your project. I still do not see the benefit to the ICO investor (me) though. If I invest then the 'stability' of the coin means that there is little to no prospect of profit since it will be used solely on your platform. Add to that no staking and this means that buying the token from an investment point of view just doesn't add up.

I get that this is a real business but you are asking people to invest real money in an ICO without clearly explaining potential benefits. This project should be receiving a lot more buzz and perhaps the lack of the value proposition from an investment point of view is the reason it isn't? Add your coin to exchanges so the market can decide its true value and it will serve as an incentive to your development team to grow your project thereby increasing their investment. Add a staking element so that ICO investors buy and hold instead of try to dump their tokens at the first available opportunity.

Check projects like WaltonChain to see how to build a community of passionate stakeholders.

I wish you all the best!

[r0derik]

As I stated before, I like your project. I still do not see the benefit to the ICO investor (me) though. If I invest then the 'stability' of the coin means that there is little to no prospect of profit since it will be used solely on your platform. Add to that no staking and this means that buying the token from an investment point of view just doesn't add up.

I get that this is a real business but you are asking people to invest real money in an ICO without clearly explaining potential benefits. This project should be receiving a lot more buzz and perhaps the lack of the value proposition from an investment point of view is the reason it isn't? Add your coin to exchanges so the market can decide its true value and it will serve as an incentive to your development team to grow your project thereby increasing their investment. Add a staking element so that ICO investors buy and hold instead of try to dump their tokens at the first available opportunity.

Check projects like WaltonChain to see how to build a community of passionate stakeholders.

I wish you all the best!

I really appreciate your comments, especially since they echo what we have been discussing to modify for the main sale. We will look into these things further!

[angercoin]

And you will add to your service rating system by which buyers can assess the quality of a seller of information?

[Mops]

Good job guys. I think it's worth a try 

[defender77]

Good day! Service users DataBroker DAO will be able to pay withhin the service only tokens of your service or there are other alternatives?

[r0derik]

And you will add to your service rating system by which buyers can assess the quality of a seller of information?

Yes, a reputation and curation system is crucial

[r0derik]

Good day! Service users DataBroker DAO will be able to pay withhin the service only tokens of your service or there are other alternatives?

Indeed, it's only the DATA token

[romfish]

Will you require the data providers to use the latest software versions for sensors, so that consumers receive the most accurate information?

[newboi]

For storing and transferring large amounts of information from buyer to seller, require high power. What equipment do you use and did you test it already on possible failures?

[foreverman]

What network operators you plan to collaborate?

[r0derik]

What network operators you plan to collaborate?

All of them.

Also happy to announce the first official members of the DataBrokerDAO alliance: https://medium.com/databrokerdao/announcing-the-first-members-of-the-databrokerdao-alliance-442e35c4e34e

[unkletoken]

Do you plan to work with mayors to improve the quality of life through the information received from various sensors and the sensors? And will you be able to solve legal issues that arise in this situation?

[r0derik]

Do you plan to work with mayors to improve the quality of life through the information received from various sensors and the sensors? And will you be able to solve legal issues that arise in this situation?

No we will not be involved with that part.

[jager44]

Hi! And you've already worked out prising policy for your service? Will there be any restrictions on the value of the sale to buy information cheaper procurement of detectors and sensors for self-collection?

[spottcoin]

In the white paper you forecast the potential demand for information describing groups of possible consumers. How will you act, if not all of these groups are interested in your service and the demand will be much lower suggestions that will be lead to the decline of interest in DataBroker DAO from the sellers data?

[16009]

What will you do with the remaining tokens, if not the entrie amount will be realized after ICO?

[MadduckUK]

As far as I understand, growing your token will be long-term. But the project is serious. If not secret how much you've collected at the moment?