p2p IoT Based Payments
 
 
 
uPlexa
Anonymity and eCommerce via IoT
Incentivizing the mass compute power of IoT devices to form a means of anonymous blockchain payments.
 
Our Vision...
Quick, anonymous, on and off chain, powered by IoT

Step 1: Creating a fungible IoT Mining Experience


uPlexa aims to utilize a portion of the 8.4+ Billion current IoT devices to power its network.
There will be over 20 Billion IoT devices deployed in the world by 2020. Source: ZDNet

At the core of uPlexa, is the functionality to mine blocks via IoT devices in order to power the network and process transactions.
uPlexa utilizes a modified version of the cryptonote algorithm in order to make IoT mining profitable whilst keeping out ASIC technology to avoid centralized mining.

Imagine, if every smart appliance in your household could pay for a partial amount of the electricity to run said devices by only tapping into a percentage of your unused resources? This means a lot in developing countries, especially in Southeast Asia where the devices are cheap(er) to obtain, but expensive to run.

It is not rare for an individual to spend upto 20% of their income on electricity in parts of Asia.

Step 2: Creating Platforms and Utility for Spending


Our vision is to create multiple platforms around uPlexa to compliment its swift, private, untracable and fungable objectives.
Our first platform will be focused on eCommerce ($22+ Trillion industry)

Users with uPlexa in their wallets will obviously want some type of utility. Thus, other than its amazingly secure & anonymous IoT features, we will be building & integrating an anonymous ecommerce platform around uPlexa.

Our team comes from a background in the eCommerce industry who have personally taken time to understand the positives and negatives of multiple eCommerce platforms in existance. Our goal will be to make a customizable eCommerce experience that not only supports cryptocurrencies and uPlexa in general, but one that is free to run until your store is profitable.

uPlexa will have an off-chain model labeled "NGZM" (Near-Zero Congestion Model) in-which provides an API to businesses and webmasters in order to process off-chain transactions via users credited uPlexa coins.

Step 3: Establish Partnerships for Anonymous Service Payments


Another one of many uPlexa goals, is to esablish partnerships with IT service providers in order to anonymize service payments via uPlexa.

The idea behind anonymous service payments, is that your service provider cannot specifically sell your data to other companies or governments without knowing who you are, or at least who is paying for and/or accessing your account. This helps reduce the risk of impact by government spy programs and hackers, benefiting your OpSec.

Utilizing uPlexa to pay for your your phone, internet or other IT service bills, will be a step in the correct direction of preserving your privacy rights as an individual.

uPlexa Provides...
A secure p2p payment system to pay for your IoT services and devices
 
IoT Mining
A strong focus on making mining profitable for over 8.4 Billion IoT devices, allowing uPlexa to become the most decentralized currency available
 
On and Off Chain
Piecing the congestion puzzle of on and off-chain technologies
 
User Anonymity
uPlexa brings extreme anonymity via modified cryptonight algorithm. All transactions are private & untraceable.
 
Fast & Performant
Brisk transactions with near zero network congestion by using uPlexas Near-Zero Congestion Model (NZGM)
 
OpSec
PRISM was one of many government developed spy programs to spy on all innocent citizens. One of our many goals is to provide anonymous payment services to users to pay their phone bills and other IoT services.
 
Secure
Each transaction is secured with vigorous cryptography and distributed through a global p2p consensus network. Our team spends more time auditing our code for vulnerabilities than we do building the code itself.
 
IoT Powered eCommerce
Pay for services or products, or obtain credits by utilizing your IoT power.
 
To be Open Source
After our initial trial period, uPlexa will be open to the world for improvements and complete transparency.
Costs & Bounties...
uPlexa will not be holding an ICO, but will award multiple bounties.
7% Premine

uPlexa utilizes a 7% premine in order to contionously fund its large amount of infrastructure, bounties, airdrop, and team efforts. We do not believe in giving a project a pricetag before providing value to the community first, thus will not be holding an ICO.

Bounties & Team

All Bounties and team members will be paid in uPlexa.

Signing Bounty

A bounty will be rewarded to those who help us sign various partners such as IoT service providers, in order to help achieve uPlexas fullest potential.

Bug Bounty

A bounty will be rewarded to those who find medium to severe bugs within uPlexa or its platforms.

Translations Bounty

A bounty will be rewarded to those who are able to provide translations for the website and whitepaper(s)