ICO Pass ICO (ICOP) ICO Rating, Reviews and Details

Sale

Feb 28, 2018

Mar 25, 2018

100% completed

$1 569 123

100% cap completed

500.00 ETH

past

Token Details

Ticker

ICOP

Accepted Currencies

ETH

Company Details

Registered Country

Latvia

Additional Details

MVP/Prototype

Yes

Platform

Ethereum

KYC

Yes

About ICO Pass ICO

Company is established by the team that previously developed Latvian State eID solution and e-signature. In a few years time it has established strong relationship with client's such as UBS, Credit Suisse and Swisscom. Now, with ICO Pass it is targeting Token Sale organizers and ICOs that need an easy to use KYC tool.

Features

Process is automated and takes 7 minutes. No place for errors.
Can add and remove multiple databases for identity verification.
Transparent about what databases were checked and how accurate it is – how much of the population in a specific country it covers.
Blockchain technology guarantees that once verified, it will stay the same. Other parties can rely on this and do not need to start the process over again.
Information is encrypted and only the identifiable person can get access to it.
Blockchain technology gives a higher security at a lower cost. ICO Pass also verifies Ethereum addresses that want to access KYC data.

Technical Info

Persons download our app that will be available on February 21st.
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.
After that persons take a photo of their ID document. We verify if that it is not a forgery.
After that persons are asked to take photo or video of themselves. We do face matching with ID document.
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.
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.
After linking person can register for participation in ICO by selecting ICO name from a list or entering address manually.
User the is asked for approval to send personal information to selected ICO address.
After approval process is complete and app generates encrypted package of personal information, stores it in IPFS.
Link to package is sent ICO organiser and encrypted package can only be opened with private key in ICO organiser’s posession.

ICO Pass ICO Roadmap

February, 2017

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
requirements.
Business: attract first ICOs from Europe.

Mar, 2018

New databases are added for higher
accuracy.

April, 2018

Video identification with live agents added.

May, 2018

ICO organizer communication tool added
for contacting ICO contributors.

March

New databases are added for higher accuracy.

June, 2018

Integration with US State Revenue
Service or Banks to automatically
determine if the investor is accredited.
First US based ICO.

November, 2018

Integration finished with Banks who in
EU are providing their APIs under PSD2
regulation. Automatically determines if
the person is accredited investor.

December, 2018

Interest payout functionality in app.

May

ICO organizer communication tool added for contacting ICO contributors.

June

Integration with US State Revenue Service or Banks to automatically determine if the investor is accredited. First US based ICO.

November

Integration finished with Banks who in EU are providing their APIs under PSD2 regulation. Automatically determines if the person is accredited investor.

December

Interest payout functionality in app.

ICO Pass ICO Team

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

Janis Kirsteins

CEO, FOUNDER

Gints Kirsteins

COO, FOUNDER

Janis Graubins

CCO, FOUNDER

verified

Ingemars Asmanis

HEAD OF DEVELOPMENT

Magnuss Karklins

DEVELOPER

Ainars Kumpins

DEVELOPER

unverified

ICO Pass ICO Interviews

JANIS GRAUBINS

As a team member, сan you tell us about your role in the ICO project? What do you think about idea?

Head of Business Development. ICO Pass excites me personally. Before we came up with the solution KYC process for ICOs has been really a pain. With ICO Pass we are solving this.

ICO Pass ICO