HUDI is developing a new blockchain-centered ecosystem that aims to let people to monetize their data.
HUDI in truth stands for HUman Data Revenue, and is centered on the principle that online user knowledge is frequently becoming gathered and exchanged by corporations, developing a market truly worth around $1 trillion a yr.
The information actually belongs to the people, but the end users fail to monetize it, leaving it to the businesses that collect it.
HUDI, on the other hand, would like to enable standard consumers to generate dollars from their knowledge.
In this way, the respectable house owners of the details will be ready to accumulate it securely and monetize it, in exchange for income paid in cryptocurrency by way of HUDI tokens. These very same tokens will then empower further more De-Fi applications this sort of as Staking, Liquidity Offering and Lending.
In truth, the ecosystem has its own utility token, referred to as HUDI, in BEP-20 format on the Binance Sensible Chain blockchain, which will serve as a implies of exchanging data and powering the ecosystem alone.
The co-founders of the undertaking are Francesco Maria Ballarani, Gianluigi Ballarani and Andrea Silvi, when the advisors incorporate illustrious names from the Italian crypto and know-how scene, this sort of as Stefano Capaccioli, Marco Tullio Giordano, Matteo Flora, Luca Cotta and Giuseppe Vaciago.
The IDO of the token will just take location in mid-September 2021 on PancakeSwap, with a non-public sale getting position a number of days earlier.
The HUDI challenge, bringing facts to the blockchain
HUDI will allow consumers to crank out and collect facts, employing a exclusive browser, and trade it anonymously with providers, on a exclusive marketplace, in trade for cryptocurrency payments.
In the exact marketplace, businesses will also be ready to acquire and promote information from each and every other.
The challenge aims to have 50 million users by 2026.
Information is actually beneficial on the Internet, but without having assignments this kind of as this a person, paradoxically, the customers who generate it are not able to make income, but only a number of businesses that acquire it, generally with out the expertise of the people themselves. Instead, the intention is to reward buyers with cryptocurrencies for the info they create.