Dear Datawallet Community,

Today we’re excited to release the alpha version of Datawallet’s Data Marketplace app. Even though our user app is still in development, we still wanted to make it available to allow the broader crypto community to get DXT without the significant barriers associated with traditional ICO funding. This is for the motivated individuals who are true champions of great early stage ideas, and who can contribute a lot more to any one project than simply purchasing token. We therefore decided to release the alpha version of the Datawallet app specifically to the crypto community in order to allow them to pre-earn our proprietary platform-token, the Data Exchange Token (DXT). The term pre-earn in this case means that your account will already be credited with DXT, and you can also already link your Ether wallet which will be credited after the token issuing event.

The Datawallet App

Let’s get back to the app. The Datawallet alpha will allow you to do three things:

Link data you feel comfortable sharing — in the alpha version, this includes Facebook, Twitter, Pinterest, Instagram, Amazon, and offline receipts Share data with apps of different companies — in the alpha version you will only be able to share data with our proprietary market research platform, DXT. Earn cryptotoken — depending on how many data sources you link and permission to DX Insights, you will be able to earn between 3 to 35 DXT per month.

But linking data and sharing it with DX Insights is not the only way to earn DXT. Currently the more lucrative means of earning DXT is through our referral system, which we are implementing exclusively for the period of our pre-earn phase.

When you refer a friend, you will receive a one-time bonus of 4 DXT for every person you sign up. Then you will receive an additional 6 DXT when a person whom you have referred links their first data source. After that you will earn a one-time bonus of 10% of all exchanges engaged in by the people you refer. Say, for instance, that a friend you refer links Amazon to the DX-Insights exchange, which is worth 18 DXT per month. Through the referral bonus, you will receive 1.8 DXT as a one time payout. The more data your friends link, the higher your referral bonus.

To make things more exciting, we are using a bonus multiplier. This means that with every successful referral, the value of each referral goes up. We apply this bonus to the value of all your referrals, which means that by inviting a 10th person, it’s not just the value of the 10th referral that goes up, but the value of all referrals. This means that your referral earnings grow exponentially in the number of people you refer.

We will also have several special events within our app, i.e. we’ll have periods where token holders of our partner companies will be able to earn extra token through a dedicated earning boost.

As the label alpha indicates, this is an early version of the app, and it has yet to undergo a lot of the rigorous testing that we would normally put it through. So if you encounter a bug, please let us know in our Telegram channel t.me/datawallet and we will provide extra DXT from our bug bounty program for well documented submissions. We will incorporate all feedback and launch updates as quickly as possible.

We hope that the early release of our app provides value to our community and that everybody who becomes an evangelist of Datawallet is well rewarded.

You can download the app right here:

iOS

Android

Happy pre-earn!

The Datawallet Team