One of the most important (and most enjoyable) parts of crypto investing is finding new projects that are still early on in their development process. This can often lead to incredible opportunities to buy in early when the price is still extremely low. While these types of investments do come with a lot of risk, the rewards can be absolutely huge.
A new project that we have stumbled upon is Dataeum, which is still months away from launching. The team that is working on this project want to turn Dataeum into a data collection, storage, and distribution system that will ensure data is secure, transparent, and not controlled by large corporations.
Users will be able to collect and submit data through a smartphone app, and be compensated with Dataeum tokens (XDT). Those tokens will then be traded at whatever the market value is determined to be.
Anyone who wants access to the data will need to hold those tokens, which is what will drive the price of them up.
Using humans as one of the data collection instruments makes this a very interesting project as it will give many people, even those who aren’t really into crypto, a way to generate revenue from their activities.
If the developers can get this system up and running without significant issues, it has the potential to be quite a revolutionary blockchain based technology. The token isn’t currently available, so there isn’t anything to buy now. Putting this project on your watch-list, however, may present you with a great opportunity down the road.
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