To begin with, ICO Pass is a kind of platforms that gathers, verifies and helps its users to exchange know-your-customer information. There is a know-your-customer procedure which is used in order to identify the customers. The information that this platform collects includes the full name of the person, his or her date of birth, email address, mobile number, his or her nationality or the country of which this person is a resident, address of living, high quality photo of ID document and photo of a person. This kind of information is very important because it shows that you are not involved in any criminal activity and you confirm your personality for the platform.
The other procedure that ICO Pass uses in its work is AML. It is decrypted as Anti Money Laundering and is used for detecting, reporting and preventing any kind of money laundering. Both these procedures are significant because without them banks and exchange platforms can be fined. Moreover, if they do not stick to the set of rules and do not perform these procedures their cryptocurrency cannot be exchanged or can be even frozen.
Some key information about ICO Pass Token Sale
In general, the process of receiving tokens somehow differs in this platform in comparison with the other platforms. In order to take part in its Token Sale, you should first do KYC. KYC starts in more than 3 days. Token Sale starts only for people who have completed KYC 6 April 2018. A lot of people can wonder what they can receive by buying ICO Pass tokens. So, they receive every quarter additional 7% of the revenue from ICO Pass. By the way, the total amount of tokens is about 500k tokens. These tokens are of ERC20 kind. All users can purchase them using only Ethereum. They will receive their funds also in this cryptocurrency.
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