MADANA (PAX), a platform that provides an easy and intuitive way for users to give consent for others to use their data, will be the first major decentralized application (DApp) to launch on the Lisk blockchain.
? Starting August 1st, @MADANA_HQ opens up the whitelisting process for its pre-sale. This marks a huge milestone for the whole #Lisk ecosystem. We are proud to support #MADANA in its mission to give power over #data back to the users via #blockchain. Read on in #blog below. ? https://t.co/4bpMsn69Uz
— Lisk (@LiskHQ) July 26, 2018
On the official token sale page, MADANA details its reasoning for choosing the Lisk blockchain to stage its ICO and launch its application.
They did one of the first successful ICOs of the world, and collected more than 14000 BTC in 2016. This gives them a headstart in funding and development time compared to other projects. The PAX token will be based on the Lisk blockchain technology, which is characterized by high scalability and robustness.
The PAX token will ultimately work to facilitate data transactions on the MADANA platform, rewarding users for sharing their sensitive data every time it is used for an analysis.
MADANA will also offer a number of decentralized information and high-quality analytics algorithms, which can be purchased for on-demand data analysis. Ultimately, MADANA aims to position itself as the privacy and data monetization solution for future DApps on the Lisk blockchain platform.
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.