ICO PASS - Easy way to check KYC

What and who are interested in the ICO Pass project?

Hasil gambar untuk ico pass kyc

The main target of ICO Pass is crowdsails organizers using blockbuster, start-up and Ethereal projects that attract investment through the form of crowds. It's a sizeable community.

ICO Pass will provide tools to collect, verify and identify individuals, that is to implement KYC. Each investor Crowdsalae will request such information:
  • full name;
  • Date of birth;
  • email address;
  • number of personal phones;
  • country and residential address;
  • citizenship;
  • photo;
  • photo identification documents

Information about the person will be checked by the provider within minutes, then encrypted with a special key - the principle of confidentiality above all else. At the release of ICO providers there will be special "smart" contracts that allow them to check the addresses of crowdsdale members received during their verification by KYC, while they will make payments through web applications. In this case, there is no private or confidential information about the person that will not be distributed.

For clients who participate in the ICO Pass project, it is planned to develop mobile applications that facilitate the collection of information for KYC.


Advantages of ICO Pass identification:

Fast ICO Pass checks the authenticity of the document within minutes, comparing it with biometric data (a person's photo), monitors sanctions and restrictions that may be imposed on certain people. Country of origin and residence is actually also checked.

Security All personal and confidential data is securely and encrypted with a secret key, without the permission of a person to access his / her personal information is not possible.

Efficiency. The verification algorithm proposed by ICO Pass is accurate and automated, allowing to reduce the cost of individual identification that existed previously. In addition, after identification, one can use the results in several projects, for example to participate in various ICO.

What is KYC?

The essence of the ICO Pass project is to provide tools and information to verify KYC. But what is this? KYC is short for the phrase "Know Your Client", which in Russian translation is a stable expression: "Know your customers". Although it is more appropriate to appoint KYC as a set of rules that helps choose and identify users and investors correctly. The essence lies in the fact that potential clients of financial or banking organizations (in our case, ICO participants) are required to provide a package of documents confirming their identity.

True and set the KYC information in hand is not only the structure that verifies their customers, but also by him. Once you have an idea of ​​users, projects, organizations or early they will better understand their abilities and needs, and therefore better meet them.

Previously, KYC standards were applied primarily in finance: banking, insurance, auditing, accounting. But taking into account the reform of the financial industry, for the implementation of crypto-currency settlements and the organization of ICO, qualitative customer identification is no less important.

How the KYC system works:

  • he affirms the identity of a particular client;
  • This allows the service responsible for the security of the project to assess the risk of this incident
  • client and possible involvement in illegal activities;
  • enables the purpose of anti-risk activities to set limits or filters governing the number and type of transactions for a particular user;
  • This provides an opportunity to track suspicious or unusual operations, and if necessary, do their investigation.

Ignoring the KYC requirements can not only lead to losses due to the application of fraud schemes, but also the sanctions of the controlling agency. All this is not so good for project reputation and start up.

7 Reasons to Believe the Idea of ​​ICO Pass

Apparently, ICO Pass project developers believe in the magic of numbers, since most of their startups revolve around seven. For example, it was announced that the ICO Pass test would take about 7 minutes and it costs only 7 euros, while the current complete identification of KYC costs is around 230 euros. In addition, there are seven reasons on the official website, differing qualitatively from the ICO Pass approach from the traditional, which exists today.
  • ICO Pass automates the identification process, makes it error free and spends 7 minutes. What we have today: the KYC test is done manually, it takes a lot of time and does not guarantee 100% reliability - human factor and the chances of its error are not canceled.
  • To verify the information provided by the client, ICO Pass will use a different database, its relevance continues to be monitored.
  • ICO Pass ensures transparency about which database is used for verification and how accurate it is. This is fundamentally different from the existing approach, when it is difficult to understand why KYC manual verification data is exactly that, and from which source they are taken.
  • Information after verification is encrypted and reliably "sealed" in the locker, which ensures its safety, and also the fact that nothing can affect or modify it. Is it possible to rely on the fact that the existing approach to KYC also makes data unchanged incomprehensible.
  • Access to the encrypted information is only accepted by the person concerned and by the party on whose own initiative wants to grant this access.
  • The ICO Pass Approach based on blocking technology makes it possible to save significantly the security and security of personal information. At present, we must invest tremendous resources to ensure the bank's security system or other financial structure.
  • Savings on the service price (7 euro against 230).
About the project:

We are accustomed to technology and innovation, until tens of ICOs appear every day in the world, blocking is used in new areas and areas, and for goods and services it is possible to pay in cryptocurrency. All this is certainly good, this is an excellent background for technological growth, intellectual development, and even more - mental improvement. But all good has a dark side, with technological improvements, methods of fraud are increasing. In order to succeed in securing themselves, the project leading to ICO must be carefully examined by crowdsdale members (many people currently ignore this rule).

Most often, the KYC mechanism is used to identify the person (we will discuss it in more detail later), but can be substantially improved, improved and simplified rather than by talking alone and the Latvian ICO Pass project begins. That is so smoothly and inconspicuously we approach his presentation.

TOKEN SALES - JOIN OPPORTUNITY

With this opportunity, We invite you to enlarge this Platform, to reach the Broader Society. We will release the Token under the name "KYC Token", here is the data.


ICO Pass Info:

Token: ICOP
Price: Dutch auction
Bonus: Available
Bounty: Available
Platform: Ethereum
Accepting: ETH
Soft cap: 500,000 EUR
Hard cap: 5,000,000 EUR
Country: Latvia
Whitelist / KYC: KYC & Whitelist
Restricted areas: USA, China

ROAD MAP


Details of crowdsdale and bounty campaigns

On the official website of this project, an inverse report will be kept when registration is opened for those wishing to join Crowdsale, this will happen on February 20, 2018. The exact price of the token (ticker ICOP, type - ERC20) has not been announced, most likely floating, permanent. In addition to the ICOP token, it is planned to release another type of coin - KYCP, which is intended for tax or banking structures.

Token Sale assumes a bonus for initial participation, the maximum bonus size is 15%. During Crowdsale ICO Pass plans to sell 20,000,000 tokens, which ensures the project generates an annual profit of 7%. Provided that the token sale price is 0.1 euros, in five years it will give a + 750% profit increase - the figure is announced by the project team.

There is information on how attractive funds will be distributed:

42% - ICO Pass algorithm development and service mechanism;
14% - R & D (scientific and technical developments);
14% - business development;
14% - risky and operational activities;
6% - conferences;
6% - legal support;
4% - the cost for PR.

We are sure many will be interested in the details of the campaign gift of the ICO Pass project. This will operate until the end of the general sale of tokens. Settlement with migrants to it is planned to be done within 30 days after the end of Token Sale. When collecting less than 500 thousand euros, gift campaigns are considered invalid, and all funds are returned to investors. If ICO organizers for other reasons defer premature Sales Deferred, the amount allocated to bounty is adjusted to the amount of funds collected.

How funds allocated to reward campaign needs are shared:

content creation - 40%;
translation and content moderation - 15%;
Subscriptions - 30%;
on Twitter, Telegram and Facebook - 5% of every social network.

Details and options to participate in gift campaigns, as well as forms to fill, are in a separate BitcoinTalk branch - https://bitcointalk.org/index.php?topic=2854293.0


Author:

MyETH: 0xE4CD89c1339FBC336Fd478270d4b304f8adF0Cb4

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