ICO Pass - Makes KYC Verification Simple - Fast
Most of the Initial Coin Offering require KYC, nowadays legitimate KYC checks are becoming more important. So it has gotten stress to solve the KYC process of their investors on time. This problem has become a cause of ICO’s to delayed their promise to their Token Distribution and the investors get stressed behavior for the common delayed KYC problem. This is where ICO Pass comes in to play. Main aims of the ICO Pass is to make KYC verification as easy as possible for ICO organizers. ICO Pass is using blockchain technology, it makes sure that the verified KYC data has not been altered. With this feature, other ICO’s can rely on and use this data without starting over the KYC process from the beginning.
ICO Pass platform hunts for the legitimacy of the person's identity and legitimacy of documents provided imitates face, checks approval lists, country they are residents of. Once the identity information has confirmed genuine, The personal data information will be encrypted with a special key. Allowing them to check the address of crowd sale participants without any problems. All the information is private, and nobody will have access to it. All data will be protected by a password; access is not possible without authorization. ICO Pass also has mobile Clients to streamline the KYC process for users. It is evolving services to collect, verify and exchange information. For this reason, the first identity information such as the name, phone number, photo ID and e-mail of the person is collected, and then this information is checked by more than one provider. It is then encrypted with a key.
Mobile Clients
The mobile client acts as a device for collecting information:
This enables the capture of a user's photo or video recording.
This allows taking photos of documents, and instantly gives feedback about their quality.
This allows verification of phone numbers.
It also offers a way to provide easy feedback for contributors:
when KYC inspection is complete.if more information is needed.Conduct an ICO address trust evaluation by indicating that the ICO candidate has not been registered.
Pros:
• Good team with experience in e-signature and ID development side
• Fully-automated and inexpensive (7€) and fast (7 mins)All ID information can be verified by leaving only 7 € and 7 minutes
• FAST - Within a few minutes ICO Pass will collect the person's ID documents, face-match, check the residence.
• costs are significantly reduced because the KYC process is automatic and accurate. Moreover, once a person is identified, the identity can be used again for several ICOs.
About Token
Token Name: ICOP
Token: ERC20
Total Supply : 60,000,000 ICOP
Token Sale whitelist: 21 February 2018
Token Sale End: 28 February 2018
Currency Accepted: Ethereum
ICO Pass will only add to Cryptocurrency Exchanges. ICO Pass token holders will receive five tokens of their upcoming product free of charge. These tokens will guarantee revenue sharing from that product, in the same way as ICO Pass.
Team
he ICO Pass project team is based in Latvia, the start-up is considered one of the most promising in its country. The team is professional and working, earlier it worked on creating a specialized digital identifier for banks such as UBS and Credit Suisse. In addition, she worked on the creation of a single identity structure for Latvia with a digital signature function. It is not superfluous to get to know the team closer. The founders have extensive knowledge and experience in e-signature and state ID architecture. In addition, they have experience working with aforementioned banks.
FInal thoughts
They claim that for the organizers of the token sales they will able to provide them with smart contracts with modifiers to verify the sender address on time of payment, and a web-application to access and manage the gathered KYC information. No sign-up or up-front work will be required.I think this is a very welcome idea, if you are participating in ICOs you know that the KYC process can be quite unpleasant. So let’s see what comes out of this.Currently, their ICO Bench rating is at 4.3 / 5 (7 expert ratings).
More information about the project:
Official website - http://www.icopass.id.
WhitePaper - https://drive.google.com/file/d/1hs-RWInvpc_p7UpjIvUU1xNuqIvUi4Rn/view.
Facebook - https://www.facebook.com/icopassid.
Telegram - https://t.me/joinchat/Fc2D7BEPyFu2XQbTXvmQ2A.
Twitter - https://twitter.com/icopassid.
YouTube - https://www.youtube.com/channel/UCqBRTDInHAHWW77-rDKLELg/featured?view_as=public.
BitcoinTalk - https://bitcointalk.org/index.php?topic=2854220.
Prepared by:
Bitcointalk Username: chamika888
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1261329