Traceto Reviews ICO And Token Analysis T2T
Traceto ICO Overview
Traceto ICO and T2T Token offer a decentralized Know Your Customer (KYC) network that provides comprehensive solutions for companies in crypto space by combining automatic identity verification with blockchain.
With the recent explosion in the popularity of cryptocurrency markets, the need for a more effective and efficient approach to KYC is clear. The inherent anonymity aspect of technology makes the need for new approaches to KYC even more urgent.
Traceto ICO Value Proposition
Traceto is a decentralized digital identity system to simplify the KYC procedures. The parent company behind Traceto, Cynopsis Solutions, offers a software product called Artemis KYC that has been used in crypto space by people like Kyber and ICON to perform KYC / Anti-Money Laundering (AML) procedures to investors.
Artemis automates the on-boarding assessment and documentation process, KYC, AML, for customers. Building on existing products, Traceto introduced blockchain into the system as a means to meet the increasing challenges presented by KYC in the crypto space.
Personal Identification Information (PII) uploaded by User, encrypted with a public key, and originally to be stored on IPFS. Traceto introduced the "liveliness" element to identity verification for users, requiring them to record short videos. Traceto uses face recognition in addition to video upload time alerts as a mechanism to better ensure fraud.
Company applicants, such as ICOs or exchanges requiring KYC services, use Token Traceto to access the User reputation score or identity documents, for a specified period of time.
The Traceto project is built on all our favorite Blocking Technologies, which will exclusively handle verification of various users and investors worldwide. The project team already has a finished product, which has benefited from a variety of top-end projects. It is planned to introduce Blocking and Artificial Intelligence technology into the product. But first, let's look at the term. KYC stands for Know You Customer, which is translated as - Know Your Customer.
This procedure consists of certain types of checks that allow you to identify the identity of the user. This is done to exclude the possibility of money laundering, unhealthy project financing, and credit worthiness. That is, customers who request the passage of this procedure from their customers,
The Traceto ecosystem will deploy several DApps to facilitate the KYC network:
- User DApp - provides an interface for Users to access the Traceto Network. The onboarding process begins when the user uploads his PII and passes the activity test.
- DApp Service Provider - allows Service Providers to check KYC information and update reputation scores. The score will be encrypted and inserted into the chain. Cynopsis Solutions will act as an Initial Service Provider after network rollout.
- DApp Service Provider - allows Service Providers to check KYC information and update reputation scores. The score will be encrypted and inserted into the chain. Cynopsis Solutions will act as an Initial Service Provider after network rollout.
- Corporate Requestor DApp - gives the Corporate Requestor an interface to pay for User KYC requests and update them after they expire. It also offers access to the Users public key and KYC score.
- Community DApp - enables the Testers community to perform social verification of new users, apply to be an Examiner, handle requests from the Applicant to view user documents, and perform other governance roles.
DApp Traceto Ecosystem Diagram
Token Traceto (T2T) is built on the Ethereum Network. The KYC Service Request Purchase Company for onboard new users using T2T. To be an Examiner, Users are also required to place certain T2Ts. These stakes will become small at first, but increase as the number of Users and Testers increases. Reward for Examiners to perform KYC duties paid in T2T.
Traceto ICO Team
Chye Kit Chionh is Founder and CEO of Traceto. Chye is an expert in financial compliance and has nearly 20 years experience with financial markets and capital in Asia, having spent much time with Macquarie Group and ING Bank. His last role with Macquarie was the Managing Director and Joint Head of Compliance for the rest of Asia, before moving on to finding the parent company of Traceto, Cynopsis Solutions. Chye also functions as Network Advisor Kyber.
Sales tokens
Your Token is called the Tract symbol (T2T) and the maximum total supply is 1 billion tokens.
Hardcap: 28.3 million USD (35,000 ETH)
USD $ 0.10 = 1 T2T, without entering any transaction fees or fees. Tokens can be purchased in fractions up to 18 decimal places. The minimum purchase amount for public sale is USD $ 500
Roadmap
ICO makes a decent contribution to improving cryptographic infrastructure. Experienced team with experience in Blockchain and RegTech, traceTo has the advantage and can capture your target market.
However, the development of this product is still in its infancy. Therefore, the success of the final product depends on the ease of use and the ability to start with a partner like Kyber.
You can find more information about the project below:
Website: https://traceto.io/
White paper: https://traceto.io/static/wp/traceto_io_GBX_whitepaper_v1.30_26032018.pdf
Twitter: https://twitter.com/tracetoio
Facebook: https://www.facebook.com/traceto.io
ANN BTT: https://bitcointalk.org/index.php?topic=2911588.0
Telegram: https://t.me/tracetoio
Autor : damar
Profilelink: https://bitcointalk.org/index.php?action=profile;u=1764605
ETH : 0xC020707CB64a02B77f47787C6C9Ca2Fdf127c12E