It is the easiest way to do KYC checks. In a matter of minutes ICO Pass verifies authenticity of person's ID documents, does a face-matching, checks Sanction lists and the country of origin & residency. After the identity is verified it is written in blockchain and the identity holder can choose to share this data with as many services as wants. We initially will focus on Token Sale organizers that need to do KYC checks in order to exchange crypto to fiat. However later on will offer the product to Exchanges, Banks and Governments.Banking Infrastructure Software
|Start Date||06 Apr 2018|
|End Date||06 May 2018|
In a matter of minutes ICO Pass verifies authenticity of person's ID documents, does a face-matching, checks Sanction lists and the country of origin & residency.
All data is encrypted and without the consent from person, it is not possible to have access to it.
As KYC process is automated and accurate, it is possible to significantly reduce costs. Moreover, once a person is identified - they can re-use the identity for several ICOs.
ICO launch. Product launch.
Technically: validate that the owner of
an Ethereum wallet has passed an ID
background check stating that they are
not part of a restricted set of users (e.g. US
citizen or individuals on official watchlists).
The background check is run via a third
party, namely Onfido. The ICO Pass team
has set up a smart contract system to
record the outcome of the background
check on the public Ethereum blockchain,
i.e. whitelist Ethereum addresses that are
owned by non-restricted users.
Legal point of view: doublecheck with
all the regulators in different countries
how to even more effectively meet their
Business: attract first ICOs from Europe.
New databases are added for higher
Video identification with live agents added.
ICO organizer communication tool added
for contacting ICO contributors.
Integration with US State Revenue
Service or Banks to automatically
determine if the investor is accredited.
First US based ICO.
Integration finished with Banks who in
EU are providing their APIs under PSD2
regulation. Automatically determines if
the person is accredited investor.
Interest payout functionality in app.
|Price in ICO||Dutch auction|
|Tokens for Sale||20000000|
|Distributed in ICO||33%|
|Soft cap||500,000 EUR|
|Hard cap||5,000,000 EUR|