ICO Pass ICO ICO Pass ICO

ICO Pass ICO

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Created using Figma

Last Update

Feb 4, 2018

ICO Pass is a suite of tools for the gathering, verification and trade of know-your-client (KYC) knowledge. Additionally, ICO Pass provides a few non-blockchain services as well: a mobile application for assembly knowledge (including contributor photos); a webservice for interacting with the mobile use, and signing the KYC information gathered with the ICO Pass mobile use.
Sale
Feb 28, 2018
Mar 25, 2018
100% completed
$237 510
100% cap completed
Cap 500 ETH
past

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

  1. Process is automated and takes 7 minutes. No place for errors.
  2. Can add and remove multiple databases for identity verification.
  3. Transparent about what databases were checked and how accurate it is – how much of the population in a specific country it covers.
  4. 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.
  5. Information is encrypted and only the identifiable person can get access to it.
  6. Blockchain technology gives a higher security at a lower cost. ICO Pass also verifies Ethereum addresses that want to access KYC data.

Technical Info

  1. Persons download our app that will be available on February 21st. 
  2. 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. 
  3. After that persons take a photo of their ID document. We verify if that it is not a forgery.
  4. After that persons are asked to take photo or video of themselves. We do face matching with ID document.
  5. 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. 
  6. 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.
  7. After linking person can register for participation in ICO by selecting ICO name from a list or entering address manually. 
  8. User the is asked for approval to send personal information to selected ICO address. 
  9. After approval process is complete and app generates encrypted package of personal information, stores it in IPFS.
  10. Link to package is sent ICO organiser and encrypted package can only be opened with private key in ICO organiser’s posession.

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.
  • Read More
  • 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.

Materials

ICO Pass ICO

Activity

Status:
Jr. MemberCopper Member
LOW
Activity:
112
MEDIUM
Merit:
0
VERY LOW
Posts:
1 260
VERY HIGH
Views:
13 272
VERY HIGH
Status:
Jr. MemberCopper Member
LOW
Activity:
112
MEDIUM
Merit:
0
VERY LOW
Posts:
1 260
VERY HIGH
Views:
13 214
VERY HIGH
Users:
385
HIGH
Posts:
28
VERY LOW
Followers:
3 907
MEDIUM
Likes:
3 556
MEDIUM
Rating:
4.80
VERY HIGH
Reviews:
35
LOW
Followers:
4 972
MEDIUM
Tweets:
187
MEDIUM
Alexa
Rank:
3 898 424
VERY LOW
Delta:
2 440 966
Year commits:
163
Watchers:
2
Stars:
1
Forks:
1
Open issues:
0
youtube
Videos:
12
MEDIUM
Subscribers:
24
VERY LOW
Views:
2 287
VERY LOW
Likes:
27
VERY LOW
Dislikes:
0
VERY HIGH

Team

Verified 17%

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

CCO, FOUNDER
verified
AINARS KUMPINS
DEVELOPER
unverified
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.

Last News

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