CRYPTOMARKET

German Blockchain Startup MADANA opens the PRE-SALE of their PAX token

German Blockchain Startup MADANA
opens the PRE-SALE of their PAX token

MADANA, the Market for Data Analysis, is a blockchain platform from Germany which protects your privacy and makes your data work for you. Their patent-pending ecosystem enables privacy-preserving data analysis, which is a major breakthrough in data science. Their PAX token Pre-Sale officially started on September 1st, 2018 12:00 UTC+2.

MADANA is the first major project using the Lisk Blockchain platform. This marks a milestone in the recent token sale history since most token sales were conducted on the Ethereum Blockchain. Lisk is a non-profit organization, that aims to make the blockchain accessible for everyone. MADANA is the first to take advantage of Lisk and increases the value of its ecosystem in the long term. Therefore, every Pre-Sale contribution in LSK gets a 10% bonus in PAX.

J.-Fabian Wenisch, MADANA Co-Founder and CTO, says: “We are building an open platform to enable anybody to participate in our marketplace for data analysis. By sharing only analysis results and no raw data, data producers always stay in full control of their data. Further, smart contracts create trust between the participants and ensure that an analysis can only be conducted, when every participant gets a fair share for their contribution. Meaning you can monetize your data without actually giving it away. This is great for individuals, but also enables new services and business models in a GDPR-compliant way.”

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