What is Chainprox?
Chainprox is a tokenized tool for sharing your internet connection with other users and businesses in exchange for cryptocurrency. It’s the ultimate way of utilizing the unused potential of the network and devices connected to that network.
The way Chainprox works is quite simple. Users all around the world run a Chainprox application on their desktop or mobile devices and become a part of the sharing pool. On the other side, businesses or other users looking for secure network connections geographically located in other parts of the world configure their proxy with Chainprox.
From the regular user’s perspective, it can be used to unlock the content geographically restricted, for global publishing, or fair pricing for booking the hotels and flight tickets. From the business’s perspective, it serves as a tool of verification. They use it for SEO, ad verification, price intelligence, data scraping using multiple users network connection, and brand protection.
Chainprox believes in the future of fair peer-to-peer exchange of value. That is why the users from the sharing pool are being rewarded for the connection they shared. The profits are derived from the businesses and users who use Chainprox proxy solutions. The passive income for the users from the sharing pool is paid out instantaneously to their accounts in ROX token. Chainprox users can stake ROX for a bigger share in the profits.
Development Stage and Upcoming Private Sale
The project is in a very advanced stage of development. The platform for users is up and running. The applications for users that want to share their network are already working on all desktop environments. The next steps are to create the browser extension and mobile app to allow wider adoption and enable users to share more of their bandwidth. In order to achieve this, the Chainprox team is planning on the private sale of the ROX token for further development and liquidity pools for seamless monetization of the rewards that users gain by sharing their bandwidth. The first round of the pre-sale is scheduled for the 25th of November 2021 and will be held on Kanga Exchange.
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