Last Updated on by
Token: Dayta (XPD)
Total Token supply: 2,500,000,000
Token for sale: 1,500,000,000
ICO Date: 11th May 2019
Exchange rate: 1ETH=33750DAYTA
Currencies Accepted: BTC, ETH, LTC, DASH
Soft Cap: 750,000USD
Hard Cap: 10,000USD
Dayta is an online platform to solve various data protection, privacy and related issues. It plans to provide its users the protection of their data and profit from personal information blockchain. It will result in efficient data auditing as well as transparency in smart contracts.
The plan is to provide personal data services with security for individual’s data, and pay them for their data usage. It should revolutionize the marketing and data analytics industries.
The Work Concept Of Dayta
The blockchain startup plan to collect, store and process user’s personal data. It will sell or provide the data for re-use by service providers in their marketing campaigns and the user will receive payment for providing the data.
The Dayta ecosystem shall be made of users, companies, Dayta miners, verifier and the Dayta Decentralized Consent Exchange. Users once registered on the platform, the main purpose of Dayta will be to review, accept and manage marketing requests for the data. If the user accepts, his data will be forwarded to the marketing companies on a secure and encrypted API.
The personal Data Locker will be used to store user’s personal information, location specific information, sensitive information and many more. The locker will receive and inform the users for any marketing, legal or contractual requests.
Companies can request for Personally Identifiable Information (PII) through creating marketing requests. They will show how the data will be used and their marketing plans. The data miners on the platform will process the new registrations; verify new users on the platform and new business on the network.
Use Of Dayta
1. Profit from Personal Data
Users on the Dayta can share their partial or full data to companies for marketing purposes, customer insights, behavior analysis and in return will receive payments in the form of Dayta coins.
2. Blockchain Infrastructure
The agreements between the users and the companies are to be stored on the blockchain. Once the agreement is over, personal data shared to the company will be deleted immediately. Blockchain infrastructure will prevent data hacks and breaches.
3. GDPR And Data Protection
The General Data Protection Regulation makes it possible to manage their data and make any changes to the data. Also, profits can be earned from anywhere in the world for the data.
For more information on ICO basics, please check our other articles: