Red Pulse is a blockchain intelligence gathering and analyzing service focused on the Chinese markets. It was the first token to hold an ICO and launch on the NEO platform. Red Pulse collects data from its 60,000 users on financial and capital markets to present a holistic view of the often-confusing Chinese market.
How Does It Work?
Like Cindicator, a more general financial analytical tool that uses blockchain technology, Red Pulse collects information from its user base as well as automated web crawlers on Chinese-language websites, which is then curated and disseminated. Information collected can take the form of research insights or raw data submitted by Red Pulse users, which is then checked for quality and collected in editorial form. The finished product is then released on the Red Pulse blockchain. Research producers are rewarded via payments of the token RPX, while that same token serves as a pass for research consumers to access information generated by Red Pulse.
How Is Red Pulse Different from Traditional Market Research?
Red Pulse views traditional market research as being far too centralized, especially when analyzing a market as large and complex as China. China is currently the second-largest economy in the world and the foremost in purchasing power parity. It is also one of the least understood, partly due to the difficulty of collecting and distributing domestic information. Red Pulse intends to crowdsource this information and make it available via the blockchain, removing some of the bottlenecks that exist in current research outlets.
“Our vision is to create a direct-incentivization ecosystem facilitated by the RPX token, creating a global community of colleagues,” the developers wrote. “At the same time, Red Pulse maintains quality by providing editorial oversight of the platform structure, administering a fair and transparent incentivization system, and vetting and approving select research producers as expert-level contributors. RPX helps research consumers and producers be aligned with the increasing demand for China market insights, and thus benefitting from the rise of China’s economy.”
Why Is the Chinese Market So Difficult to Penetrate?
Red Pulse contends that the problem isn’t a lack of market information about China; the problem is too much information with questionable quality. Red Pulse’s conversion of raw data to curated editorial contents allows users to sift through the heap of information available to make informed financial and capital market choices.
“While sources of information on China’s financial markets and industries abound, information accuracy and transparency are ongoing problems. A common theme is for China market pundits and reputable news sources to report on a market rumor in the morning, only to have it be denied in the afternoon. It’s difficult to know who and what to trust, amongst all the noise,” the developers wrote.
This problem is compounded by the sheer quantity of data flowing within China, due to its population and its relative technological sophistication.
“As China has leapfrogged ahead into becoming one of the most mobile- and Internet-connected societies in the world, market information has now not only become ubiquitous, but well in excess of what an average analyst can humanly process,” the developers said. “This information overload phenomenon, while not unique to China, has made the job of analysts all the more difficult.”
Is Red Pulse Limited to the Chinese Financial and Capital Markets?
While that is the current focus of Red Pulse, the developer team acknowledges that the backbone of the system developed in China could be handily applied to other world financial markets and possibly even markets outside of finance itself.
“The research content ecosystem as it exists today is broken. The economics of the research business has become dominated by a few key players in content production (sell-side research) and content distribution (major financial terminals),” the developers wrote. “Smaller and independent research producers lose, as do all financial institutions, large and small, that are forced into the ‘all-you-can-eat’ pricing model.”
Does Red Pulse Use Any Legacy Research?
Red Pulse began with a backlog of six years of analytical content, which is continually refined and added to via its blockchain.
How Does Red Pulse Organize Data?
As part of the data curating process, data providers apply up to 4,000 metadata tags to make the data classifiable. This sorts the data into usable and searchable categories for data consumers, organized into a real-time feed of Chinese financial and capital information.
Who Is the Team Behind Red Pulse?
Red Pulse’s CEO is Jonathan Ha. Ha has previously served with several major financial institutions on both the operational and strategic fronts.
The company’s head of data is Stanley Chao. Chao’s experience in the investment industry includes work with hedge funds, quantitative trading, and alternative investments.
RPX Token – What Does the Market Look Like?
As of May 2018, Red Pulse was listed on most major exchanges with a price just below $0.10 with a $2.8 million/day trading volume. The coin enjoys a market cap of $80 million with a circulating supply of about 806 million. The coin’s total supply is approximately 1.36 billion.
How to Buy Red Pulse RPX
You are not able to purchase RPX with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for RPX at an exchange which lists the token.
Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
Once you have purchased Ethereum, you can trade for RPX tokens at the following exchanges:
What’s the Latest News?
Red Pulse recently made inroads into the South Korean market with a partnership with TrueBlocks. The aim of the partnership is a refinement and expansion of Red Pulse’s marketing presence within South Korea, according to a blog post by the company’s marketing manager.
“We are pleased to announce a new strategic partnership with TrueBlocks, a South Korea-based accelerator and market development team focused on Korea’s blockchain and cryptocurrency market,” the manager wrote. “As a core part of our partnership, Red Pulse will collaborate with TrueBlocks on RPX Korean community development, marketing strategy, and growth acceleration in Korea’s cryptocurrency market. This will help Red Pulse build wider awareness and a stronger brand image in the Korean community.”
Red Pulse Partnerships
Red Pulse is partnered with the Fintech Innovation Lab, the Neo cryptocoin project, Z-Ben Advisors, Kenetic, and PexNex.
Does Red Pulse Have a Mobile Presence?
Red Pulse features real-time data feeds on both iOS and Android platforms.