What is Red Pulse (RPX)?
Future of RPX Cryptocurrency and know how to buy RPX

#1 - What is Red Pulse

Red Pulse is one of the younger class of cryptocurrencies that is offering groundbreaking research content to provide valuable & relevant insights to consumers. The platform is gaining traction because it can be used to access research data that has been collected over 6 years in multiple segments on its private portal.

Red Pulse: The Basics

  1. Red Pulse is a Chinese research ecosystem which connects the experts, practitioners and professionals especially of China’s financial and capital markets, provides shareable quality content & analysis to global audience.
  2. The Red Pulse cryptocurrency is denoted by the symbol RPX. Its total supply is 1.3 billion RPX.
  3. Red Pulse’s ICO was conducted from 8 October 2017 to 22 October 2017.
  4. Red Pulse runs on NEO blockchain and uses NeiC, a NEO smart contract.
  5. Red Pulse incentivizes market participants to produce relevant research and provide technology-enabled analysis tools by paying them in RPX for their contribution.

 

#2 - Red Pulse Development

  1. Red Pulse Project is a Hong Kong based  company whose major activities & content revolves around China. It is a spin-off of a consultancy company called Z-Ben Advisors.
  2. Red Pulse has been co-founded by Jonathan Ha, CEO; Stanley Chao, Data Science Expert & Peter Alexander, Non-Executive Chairman. All of them bring a rich experience in financial markets, data science, economics & IT.
  3. The development team has rolled out a robust roadmap till 2025 for expanding its network to other continents like Europe, North America, etc. It is also planning to launch a B2B market intelligence engine that can be personalised by institutional clients.
  4. It will also use AI-based insight and analysis tool from existing client base data & from universities and other educational institutions to enhance user experience and boost adoption of Red Pulse. It can also aid identification, storage, retrieval, assessment and analysis of relevant public information for users.

Red Pulse Technology

  1. Red Pulse uses machine learning to highlight the latest events in the markets which can be important for the consumers and producers of research work. It also delivers topical suggestions to them on the basis of their past individual behavior. This ensures that all users get pertinent topics that are on top of their priority list.
  2. The Red Plus platform has a voting system to rank the content. Content producers who have more votes are rewarded with more tokens per article. This ensures quality content on the platform.
  3. The platform ensures that fraudulent views from malicious users do not affect the ranking of articles. This is done by tracking the IPs and devices of users who may create multiple accounts to increase views. Either the IPs of such users are banned or the entire IP ranges are banned in extreme cases. This also ensures that the time spent per article is not manipulated by leaving the article open.
  4. To ensure a fair ranking system of articles, Red Pulse measures clicks by the user, tracks content highlighted by them & scroll activity.

Payment Mechanism

  1. Content producers are paid on a per-article basis in RPX. The per-article rate depends on the credibility score, prompt rewards and popularity of the article.
  2. Translators working in the platform are paid on the basis of their ranking in case there are multiple translated versions of the same research work.
  3. There is also a provision to allow the refund of RPX if the research prompt made by the research consumer is not answered by any researcher after 2 weeks time.

Features

  1. The research content is cohesive & easy to access as it has been categorized into multiple categories viz., General Macro, Finance, Tech & Internet and Consumer sectors. It also has more than 4,000 tags that are based on company, ticker, topic and sub-sectors. This makes the research a seamless process.
  2. The accuracy of the research data is ensured through Red Pulse’s system generated Credibility Score that is determined by the readers & Red Pulse editors on the basis of the previous research accuracy, quality & its popularity.
  3. The transaction cost of Red Pulse platform is very low especially when there are large number of transactions of relatively small amounts.
  4. The platform maintains a transparency through its publicly-verifiable record to assure that the research producers are fairly compensated for their content. This also builds trust among the consumers that their payments are being rightly directed towards the research work that they choose.
  5. Those users who have been verified to be from financial institutions are granted greater voting power for ranking with a ratio of 10:1 versus standard users.

#3 - How to Buy and Store Red Pulse?

How to buy Red Pulse / How to buy Red Pulse

Red Pulse coins can be bought for Bitcoin, Litecoin & Ethereum. Red Pulse is available to trade on exchanges like Binance, Huobi, Kucoin, Bitbns, Switcheo Network, HitBTC, Coinrail and TDAX. But it can get difficult to get the best price for your transactions. This is where CoinSwitch steps in.

  1. While cryptocurrency exchanges provide you with a platform to buy or sell the Red Pulse cryptocurrency, CoinSwitch, the largest cryptocurrency conversion platform, comes in to help you make the right decision by providing the prices for RPX across multiple exchanges. This way you can choose the best deal for you.
  2. You can also buy, sell and trade over 300 cryptocurrencies for the Red Pulse crypto. It offers interchangeability and unified experience for all cryptocurrencies with a wide offering from all major exchanges.

Red Pulse Storage

Red Pulse tokens are supported by all hardware wallets that support the NEO blockchain natively. It can be stored in the following wallets:

- Coinomi

- TREZOR

- Ledger Nano S.

- Jaxx

- Coinomi

 

#4 - What is the future of Red Pulse?

Also Read: Complete Analysis of Red Pulse | Live Red Pulse (RPX) Price Charts And Predictions

  1. As of July 2018, its market capitalisation stands at $27 million USD.

  2. With extensive content coverage & multiple categories & growing market presence in the Chinese market, Red Pulse may be set up for a long run in the markets. Some analysts suggest that the price of Red Pulse tokens can rise to $4.28 by 2019.

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 01, 2018

0.033620

0.037487

0.032191

0.037487

908,407

27,162,200

Jun 01, 2018

0.058011

0.058630

0.055972

0.058138

1,317,860

46,776,200

May 01, 2018

0.137313

0.140801

0.129193

0.136487

5,475,970

110,599,000

Apr 01, 2018

0.071509

0.072661

0.062159

0.066587

1,400,240

38,854,300

 

#5 - How is Red Pulse different from other cryptocurrencies?

  1. Red Pulse is more scalable than Bitcoin or Ethereum & is able to provide seamless payment solutions, irrespective of the amount. In fact, it thrives on the concept of micropayments for the smaller chunks of research content.
  2. RPX can be used to minimise the frequency of transactions and reducing aggregate fees. It allows both content producers and consumers to keep a running “tab” and setting thresholds for automatic or manual asset exchanges, thereby minimizing the frequency of transactions and reducing aggregate fees.
  3. The Red Pulse platform provides synopsis & contextual analysis with confirmed or reasonably vetted facts about market events from banking, brokerages, insurance, asset management, real estate, internet, telecom, semiconductors, consumer goods, travel & hospitality, food & beverage, aerospace & aviation and energy sectors in real-time.

 

#6 - Should you invest in Red Pulse / invest in Red Pulse?

  1. Red Pulse seems to be in a fiercely competitive market segment with old players like Bloomberg, Reddit, etc. However, the incentivisation for research work & prompts made for research by consumers may encourage its mass adoption and make it the main go-to digital sources of information.
  2. The use of RPX to incentivise the research producers & users ensures that the platform is regularly seeded valuable content that would encourage more research consumers. With more consumers, the platform can gain more popularity which can further stimulate Red Pulse’s transaction volume & can push for a bull run in the long term.
  3. Users who hold RPX to get an additional voting power that can be used to upvote research articles. They will also be given exclusive & early access to content from research producers if they prompt the research work with RPX. This can increase the demand of RPX coin & make it a good long term investment option.
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