ICO Pass - Want to do a KYC Checks? ICO Pass is the Easiest Way!

pada tanggal

About ICO Pass

ICO has gained many investors. What is ICO ICO is the Initial Coins Offer, which is held by the company to raise their project fund. There are so many ICOs right now, you can find hundreds of ICO out there.

Most ICOs are required to do KYC. What is KYC? KYC (Know Your Costumer) is a process when an investor or an ICO participant fills in or sends his / her data identity. In other words, if investors want to participate or invest their money into ICO, they are required to provide their identity such as: name, birthday, address, or upload of their identity documents such as id cards, etc.

It is the least demanding approach to do KYC checks. In a matter of minutes ICO Pass confirms credibility of individual's ID reports, completes a face-coordinating, checks Sanction records and the nation of source and residency. After the character is checked it is composed in blockchain and the personality holder can impart this information to the same number of administrations as needs. We at first will center around Token Sale coordinators that need to do KYC checks keeping in mind the end goal to trade crypto to fiat. However later on will offer the item to Exchanges, Banks and Governments.

The KYC tool proposed by ICO Pass comprises of no less than three principle segments. The first is a versatile application. This application is intended to be safely and advantageously utilized to KYC check as well as pay for the administration. Second, the instrument has a capacity to recognize ID report, PEP, email check, and kind of. Third, it helps the profiling of new customers' data. In this way, clearly utilizing the instrument, the organization can pass the direction of doing KYC and ensure their ICO ventures.

What makes ICO Pass more superior in doing the KYC checks?

  • Automatic vs manual
Manual KYC checks are lenghty and prone to human error.
  • Accuracy vs inaccuracy
ICO Pass can utilize multiple databases whilst traditional methods rely only on few at most.
  • Transparency vs opacity
ICO Pass gives out data why a certain result occurred, i.e. what databases were checked and what results obtained.
  • Immutability vs malleability
Current methods of KYC checks can be tampered with. ICO Pass utilizes the Ethereum blockchain, thus verifying that once something is written on the blockchain, it cannot be changed.
  • GDPR vs non-GDPR compliant
General Data Privacy Regulation in the EU is the most robust privacy regulation in the world, which is about to be enforced in May 2018. Current KYC methods would need to do additional measures to comply with this regulation whilst ICO Pass’ encryption deals with it already.
  • Expensive vs inexpensive
Traditional methods would have to use huge amounts of money to keep the identity data secure whilst with ICO Pass the information is encrypted and only accessible to the person at hand
  • Cost: 7€ vs 230€
The most secure method at the moment to do KYC checks is by Bitcoin Suisse, a Swiss-based financial service provider specializing in crypto assets, but it costs 230€ per check. This is way too much for many ICO’s to handle (thus many don’t bother). ICO Pass has streamlined the process so that it costs a mere 7€ to do a single check.

Features Promised by ICO Pass

  1. Process is robotized and takes 7 minutes. No place for blunders. 
  2. Can include and evacuate numerous databases for personality check. 
  3. Straightforward about what databases were checked and how exact it is – the amount of the populace in a particular nation it covers. 
  4. Blockchain innovation ensures that once checked, it will remain the same. Different gatherings can depend on this and don't have to begin the procedure once again once more. 
  5. Data is encoded and just the identifiable individual can gain admittance to it. 
  6. Blockchain innovation gives a higher security at a lower cost. ICO Pass likewise checks Ethereum delivers that need to get to KYC information.


ICO Pass is prompting various reasons. While other KYC checks ordinarily set aside a long opportunity to continue and are inclined to blunders, ICO pass can take every necessary step in just 7 minutes. Besides, there is no place for human blunders. Something else that makes it exact is the capacity to utilize numerous databases for check. It is altogether different from run of the mill arrangements that utilization just a couple of databases.

Besides, the cost of existing apparatuses is extremely costly. It can achieve in excess of 200 EUR per check. Would you be able to envision that? ICO Pass is substantially less expensive than that. In the mean time, ICO Pass can guarantee the straightforwardness, protection, and security of databases. It is a direct result of the utilization of Blockchain innovation that ensures the most elevated amount of security. There is a special encryption code to ensure the data in which just the identifiable individual can get to it.


Here's how to do a KYC check on ICO Pass

  1. Persons download our app that will be available on February 21st. 
  2. Then provides details about themselves - name, last name and country of origin, e-mail address. We verify this information using several government and non-government databases. Also we check if the persons are not on any Sanction list or a PEP. Additionally we check if the person is not from countries where Token Sales are not allowed. 
  3. After that persons take a photo of their ID document. We verify if that it is not a forgery.
  4. After that persons are asked to take photo or video of themselves. We do face matching with ID document.
  5. After all checks are passed, person transfers a small amount of ETH to identity address displayed in app to link wallet to their identity. ETH sent will be refunded, except gas. 
  6. When transfer is complete, app offers to link wallet address to identity. This wallet must be used when participating in ICO. Multiple wallet addresses can be linked.
  7. After linking person can register for participation in ICO by selecting ICO name from a list or entering address manually. 
  8. User the is asked for approval to send personal information to selected ICO address. 
  9. After approval process is complete and app generates encrypted package of personal information, stores it in IPFS.
  10. Link to package is sent ICO organiser and encrypted package can only be opened with private key in ICO organiser’s posession.
Simple & easy isn't it? Hurry! Sign up & feel yourself at ease!

ICO Details

The organization will utilize their own item to play out the KYC keeps an eye on their own ICO. This is an awesome litmus test for the item and should point to any inadequacies. Enrollment for the KYC has not started yet. It should begin on Feb 20, 2018, however the group wasn't 100% happy with the speed of the checking procedure and have chosen to postpone the enrollment. The ICO will probably start on Feb 28. Be that as it may, it is encouraged to visit their site at https://icopass.id/ to twofold check. 

It will be a Dutch sale. An uncommon and bizarre decision for an ICO. In this kind of closeout the value begins at an abnormal state and gradually moves down. Members can begin purchasing tokens when they feel that the cost is correct. Notwithstanding, regardless of whether you purchased at the main hour (which will give you a pleasant 15% reward), you'd in the long run just pay per token the last cost. The sale will probably last from two weeks to a month — depending on intrigue. 20 million tokens will be sold amid the closeout out of the aggregate 60 million. No more tokens will be stamped ever. For the monetary insightful in you, you could begin to hypothesize the market top as of now, however it's very hard not knowing the cost of the token. 

The token will be called ICOP (ERC-20) and will be recorded on decentralized trades not long after the ICO, yet as per the group, they are additionally anxious to push the posting on brought together ones, similar to Binance. A delicate top of 500,000 EUR and a hard top of 5,000,000 EUR has been chosen. There is no base measure of tokens that must be purchased. About the most extreme, I encourage you to approach the group.

Need more information? Please read the Whitepaper & join ICO Pass Telegram Group if you had any question. Feel free to ask anything on the group. Here other source might helps :


.
.
My profile:
ETH address:
0xA6460C4FF0A704E20148f18031d19AFA4aa0edF9

Komentar

Posting Komentar