Based on the belief that individuals should be able to own and monetize their own personal data, and the goal of getting as many people involved in cryptocurrency as possible, Algebraix Data aims to allow its users to do just that. Users will download the mobile app onto their smartphone, and securely share as much data as they are comfortable with entertainment companies. Based on the data they share, users will be given the opportunity to watch movie or T.V. trailers, and earn Algebraix coin in return.
A utility token, Algebriax coin can be saved or traded for other cryptocurrencies. Users will be rewarded with extra coins for posting about the trailers on social media, and will be rewarded for saving their coins through a proof of stake system. The more coins you have, the more influence you have on the site, and the more interest you can earn on your tokens.
Once they have a solid user base, Algebraix Data will open up the platform to all types of content. Pre-sale of the Algebraix coin has started already. Alpha testing of the platform starts by the end of November, with beta testing beginning in February, and their ICO launched at SXSW in March 2018.