Introducing the Biometrids COIN Project - Official Bounty Program

tieusuohu2017 (37)in #bounty • 7 years ago (edited)

Introducing the Biometrids COIN Project - Official Bounty Program
About

Using the Blockchain technology, Biometrids is poised at providing a solution to identity and identification problems in all facet of life. The advancement in technology has brought about smartphones with facial recognition via a built-in camera. Using the facial recognition capabilities of smart devices, each individual will be facially recognized on the blockchain. Biometrids is striving at creating a “One Face, One ID” phenomenon. All it takes is only a single recognition and there will not be a means to manipulate identities on the Blockchain. With this in place, there is an expected drastic reduction in identity theft.

Platform and description With the advancement in machine learning and artificial intelligence, facial recognition can be utilized for identifying individuals. From childhood to old age, the contours of the face cannot change.
Once registered on the blockchain, facial attributes remain static even with changes in age. Whenever a merchant, individual or government is trying to identify you, a request will be sent to your smartphone for identification.
Biometrids token will be known and called IDS.

There is going to be a total of 100,000,000 in existence and will be offered as follow:
Pre-ICO: 5%
Bounties and Advisors: 5%
Crowdsale: 70%
Team allocation: 10%
Foundation: 10%
The Pre-ICO of IDS will run for just a week a price of 1ETH/1330IDS, while the crowdsale will run for 4 weeks with the following prices:
Week 1: 1000 IDS/1eth
Week 2: 850 IDS/1eth
Week 3: 700 IDS/1eth
Week 4: 600 IDS/1eth
Pre-Ico and crowdsale will run until end date, or until all coins are sold.

The allocated 10% of the team and the 10% for the foundation will be locked up for three years.

Every unsold coin during the ICO will be locked for five years. After five years, they will be sold back to early investors in a private fundraising campaign. They will not be sold on exchanges.

APIs and System
The Biometrids platform is expected to benefit other Blockchain and Cryptocurrency projects.
Aside from this, the financial sector, postal, wallets, and public sector will also benefit from the Biometrids project. A wallet developer will have to integrate the Biometrids API with their wallet and this will override the login process. This will translate to facial recognition login to wallets.
Ongoing branding and increasing awareness of Biometrids to develop an onboarding process for businesses. Further development of the product with continued bug fixing, new initiatives, and improvements to the user experience.