[ICO] Opiria (Data Service)

Opiria & PDATA is a global decentralized marketplace for the secure and transparent buying and selling of personal data, made in Germany.

What is PDATA

We are building the first Ethereum blockchain-based market for the purchase and sale of secure and transparent personal data. Opiria-Platform allows consumers to create passive income streams by monetizing their personal data. Companies can purchase personal data directly from consumers. A PDATA Token is a currency that expresses the value of personal data.

We make PDATA to get you counted!

The PDATA token puts a value on personal data and creates a currency that expresses that value.
Consumers can create a profile on the Opiria platform and start disclosing personal data, or granting permission for their personal data to be collected via e.g. a browser plugin, a smartphone app, wearables and smart devices, or through surveys. They can decide which data they disclose to the Opiria database. The more they disclose the more valuable their profile becomes.
Companies can ask consumers for permission to access their disclosed personal data via the Opiria platform. Consumers that consent to provide their data would trigger a smart contract between the consumer and the company. On this basis the consumer is paid with PDATA tokens and the company receives the requested personal data.

An important advantage Opiria has over today’s traditional data brokers is that Opiria and PDATA token enable companies to gather directly from consumers - this leads to the possibility of acquiring very specific pieces of personal data that are not otherwise available today from data brokers (e.g.tracking data from wearables, smartphone usage, or eye tracking and browsing behavior on the web).
This brings huge added value for companies! The following figure shows how the blockchain-based Opiria ecosystem works, what personal data can be accessed and how consumers are compensated via PDATA tokens for disclosing personal
data.

Opiria and the PDATA Token create an ecosystem for the secure trading of personal data while fully protecting consumers’ data privacy and granting them full control over direct payments for their personal data.

This fully transparent, open and secure marketplace will motivate consumers to provide data instead of fighting against surreptitious data brokers. Companies get a quick and easy way to access more specific and higher quality personal data - giving them the tools they need to make much more informed and thus more financially secure decisions when designing new innovative products and services, with better targeted marketing and sales activities.

Utility of the PDATA Token
PDATA Token provides utility for both the companies and the consumers. Companies need PDATA tokens in order to purchase personal data from consumers respectively to send them surveys.
Consumers earn PDATA tokens by selling their personal data and by participating in surveys.
Owning PDATA Tokens increases the likelihood for a consumer to receive a “personal data request” from a company earlier than other consumers that own less PDATA Tokens. This gives consumers with more PDATA Tokens on average a small time advantage to sell their data to companies.

Value Proposition

Our Vision
Establish PDATA token as the currency that expresses the value of personal data. Enable consumers to monetize their personal data.
Our Mission
Develop a global decentralized marketplace for the secure and transparent trading of personal data based on the blockchain.
Objectives

To raise 30 million USD through a token sale, for the development of the Opiria ecosystem
To develop the PDATA token ecosystem by March 2019 and to have at least a quarter billion consumers in the database by the end of 2023
To have 27,000 customers of the Opiria platform by 2023
To cover the 50 most relevant countries for market research from all across the world until 2023

Token Generation Event (TGE) Structure

How will the PDATA tokens be priced?
We will create roughly 750 million PDATA tokens.
One PDATA Token will be worth 0.1 USD (10 US cents). The price in ETH will be adjusted daily to reflect the value in USD.

What is the TGE time and bonus schedule?

Private Sale
A Private Sale with contributions of minimum 50,000 USD will be held, until April 9th 10:00 AM GMT - the bonus is negotiable. The Private Sale will be capped at 5 MM USD.
Public Pre-Sale
The Pre-sale TGE starting date is April 10th, 2018, 10 AM GMT and will end on April 20th, 2018, 10 AM GMT. During the pre-sale TGE period, PDATA tokens will be sold applying following bonuses: 5,000 USD or more - Bonus 20%

The Pre-sale TGE will have a hidden cap. If the hidden cap is triggered, sales will stop and the main sale TGE will begin in 24 hours. The reach of the hidden cap will be announced on the website, in the PDATA Telegram channel as well as on all other social media channels.

Public Sale (TGE)

The TGE sale will start on April 21st, 2018, 10 AM GMT and will end on May 21st, 2018, 10 AM GMT.
During Day 1 of the TGE sale period, the bonus will be 15%. Each day the bonus will go down by 1% down to a minimum of 0%. The last 15 days of the TGE, there will be no more bonus.

During the first 4 hours of the TGE the following individuals cap will apply: Maximum contribution = 1 ETH After the first 4 hours of the TGE, the individual cap will be removed.

The target raise for Private sale, Pre-sale and TGE is USD 30 MM. If the community interest is high and the target raise is reached latest in day five of the TGE, then the total cap will increase with USD 5 MM up to USD 35 MM to allow more contributors to participate and create a bigger and stronger community.

What cryptocurrencies will you accept during the TGE?
We will accept ETH, BTC, XRP. Ethereum (ETH) payments will be accepted via a smart contract.
All BTC, XRP participants need to also provide an ETH wallet address to receive the PDATA tokens.

Who is able to contribute?
Most countries residents can freely contribute to Token Generation Events (TGEs), however, some countries have set up laws and regulations that restrict access. Specifically, the citizens and residents of: China, Taiwan, Hong Kong, North Korea, Syria, Libya, Myanmar are unable to participate in our TGE due to country-specific restrictions. Furthermore, the United States of America and Canada only allow accredited investors to contribute to TGEs - however, specific Canadian states may participate, based on local laws (please consult your local laws before you decide to participate). If you are an accredited investor and want to be on our whitelist, please send us an email with documentation proving your status (verified bank statements, third-party validation, accountant-verified documentation, or other valid proofs that attest to your accredited investor status) at our contact address ([email protected]), so we may process it manually.

As we operate within the EU, we must abide by certain regulations - specifically, we require our contributors to pass a Know Your Customer (KYC) and Anti Money Laundering (AML) procedure before they can be whitelisted. The procedure will be found on our website https://opiria.io/

When will PDATA tokens be distributed to contributors and unlocked?
Tokens will be distributed immediately after contribution by Opiria’s smart contract. The PDATA tokens will be unlocked 30 days after the TGE.
The bonus tokens will be unlocked 30 days after unlocking the main tokens.

How will the PDATA tokens be distributed?
The following is how the coins are roughly going to be distributed:

Issued: 60% of the coins will be issued for the TGE
Development Fund: 13% will be used for data purchase and community development
Company/Team: 20%
Advisors: 5%
Bounty: 2%

How will the team’s 20% be used?

25% of them will be available in the same time as for the public, roughly 1 month after the TGE.
25% of them will be locked for 6 months
25% of them will be locked for 12 months
25% of them will be locked for 24 months

We lock them because we want to demonstrate that we are in this for the long run and that the team's incentives are aligned with the token holder's interest.

Use of Funds
The company will use the TGE proceeds primarily for the development and the global expansion of the platform.
The key expenses to be met with the funds collected are given below:

Opiria platform development: technical development of the platform
Opiria platform global expansion: Enter new markets, found local subsidiaries, acquire existing local companies
Grow consumer database: Acquisition of panel companies, initial compensation for signing up, marketing activities

Financials and Roadmap

Financial Overview of the Business Plan
For a specific financial overview, we present below the actual revenues of the Opiria Platform in 2017 and a snapshot of the company’s forecasted revenues for 2018 2023 period. The business plan assumes the expansion of the platform to the 50 strongest countries in the field of consumer research, having more than 25,000 customers and a consumer pool of 250MM individuals providing personal data to the platform. By doing this we estimate that the revenues will reach 250MM USD in 2023, having an average annual growth rate of 338%.

Roadmap

Opiria is currently being used by dozens of companies worldwide for their client data needs. These even include many fortune 500 brands - globally-recognizable names such as Audi, BMW, Mercedes-Benz, Volkswagen, General Motors, Nissan, Intel, Procter & Gamble, Freightliner, and many others.

Team

For more information:

Website: https://opiria.io/
WhitePaper: https://opiria.io/static/docs/Opiria-PDATA-Whitepaper.pdf
Facebook: https://www.facebook.com/pdatatoken/
Telegram: https://t.me/PDATAtoken
Twitter: https://twitter.com/PDATA_Token
Youtube: https://www.youtube.com/channel/UCW3cOXsxLicxZqRt1TFSmLQ
AnnThread: https://bitcointalk.org/index.php?topic=3076122.0

Author:
Guntur89: https://bitcointalk.org/index.php?action=profile;u=1509226
Myeth: 0xE4CD89c1339FBC336Fd478270d4b304f8adF0Cb4