We are growing and have several new positions that we are looking for excellent candidates to fill. Blockchain. Permissions engine. Our own token. Scaling to hundreds of millions of users? Yep. Please check out our Jobs page and we look forward to hearing from you. All positions are in Austin, Texas.
AUSTIN, Texas, Sept. 6, 2017 /PRNewswire/ — Algebraix Data, developer of a new generation of software built with Data Algebra®, is announcing the issuance of a new cryptocurrency to accredited investors in a token pre-sale, or Simple Agreement for Future Tokens (SAFT).
The SAFT involves the issuance of 10 billion ALX Tokens to investors, and comes in advance of a public offering of the tokens to take place in several months. The token pre-sale follows the SAFT process established by FileCoin and Algebraix Data’s law firm Cooley LLP.
Algebraix Data is developing a distributed, permission-based advertising network where individuals own their own data and have the ability to monetize it via the ALX Token. The ALX Token is the oil that fuels the network.
“Today, it’s just the Internet giants who profit from individuals’ personal data,” said Robin Bloor, the company’s Senior Vice President of Strategy and Communications. “Our permission-based advertising market will begin an Internet revolution. It will change the way people perceive data, and who owns it and how it should be used. The motto printed on our ALX Tokens is ‘Ego Meum Indicium Habere,’ which is Latin for ‘I own my data.'”
The 10 billion ALX Tokens issued in the SAFT will represent 10 percent of the total number of tokens Algebraix Data will issue. While some of the tokens are earmarked for developers, marketers and others, the company will hold a public offering of the tokens once transactions are enabled on its network.
For more information on investing in the SAFT, please visit algebraixdata.com/SAFT
About Algebraix Data
Algebraix Data builds software that applies data algebra(TM) to complex software engineering problems. Data Algebra® makes unique algorithmic contributions to improve resource efficiency and enhance scalability. The company will launch a new cryptocurrency to build a secure, blockchain-based data market that will allow individuals to store, manage and monetize their own data for the first time.
Algebraix Data, The Company Enabling Consumers to Own and Monetize Their Own Data, Hires Legendary Analyst and Author as Chief Strategy Officer
From PRNewswire: — Algebraix Data, which has created a new field of applied mathematics for software development, has announced it has brought aboard best-selling author and corporate IT analyst Dr. Robin Bloor as the company’s Chief Strategy Officer.
From the San Diego Business Journal: CEO Charles Silver talks Data Algebra TM and Spark SQL optimization in an interview with Brad Graves of the San Diego Business Journal
From Business News Daily: Peter Chen, director of data science at Algebraix Data, comments on today’s most in-demand tech jobs.
From PRNewswire: “Prior to joining Algebraix, Ed White was General Manager of Teradata Cloud, where he oversaw global deployment, strategy, marketing, product development, and product management for the company’s cloud solution.”
From InsideBigData: CEO of Algebraix Data, Charles Silver discusses the top three trends that will shape the Big Data landscape in 2016.
From Datanami: “A company by the name of Algebraix Data is beginning to speak publicly for the first time about the algebra of data.”
From InformationWeek: “Data algebra is a new approach for managing, integrating, and searching data faster and more efficiently.”
From InfoWorld: Innovations like data algebra are making this revolutionary change happen.