In this write-up, we are going to talk about the latest updates on ICO Pass but before we begin, let me give you a brief overview of what ICO Pass is.
ICO Pass is a blockchain-based KYC solution that aims to provide fast, secure and efficient KYC checks. It has a suite of tools for gathering, verification and exchange of KYC information within the blockchain. ICO Pass will revolutionize the way KYC checking should be done by promising to provide the easiest way to do it. ICOs should comply with their due diligence to know their customers now more than ever because a lot of government attention is now focused on the multibillion-dollar cryptocurrency industry. I’ve already done a comprehensive review of ICO Pass and also a comparative review with another blockchain-based KYC solution called KYC Legal so you can check it out later.
The good thing about ICO Pass is that they keep their investors or clients in general, closely updated with what’s going on. They have very interactive facebook, twitter and telegram communities where you can learn some of their latest news. In their telegram channel, the admin who is also a member of the ICO Pass team has started a daily quiz wherein he will ask questions at certain times of the day, usually 11 AM and 6 AM EET, and will giveaway 500 ICOP tokens to the people who got the correct answer. This is a very good way to motivate ICO participants to learn more about the project while also supporting the community.
Join out Daily Quiz and get tokens: https://t.co/PhE15moVPy . Every day 11am and 6pm EET. pic.twitter.com/3mQd9jdjj0
— ICO Pass () March 12, 2018
They also share articles and news updates that might affect the cryptocurrency market and why KYC is very important to avoid fraud and account phishing activities.
Product Update
Last March 9, 2018, the CCO or Chief Commercial Officer and co-founder of ICO Pass Mr. Janis Graubins announced on his weekly status update that the ICO Pass product launch will happen on March 30, 2018. After several testing and modification, the product has worked according to their preference. They have also upgraded their product to show several ICOs on the main page so that investors can browse through them and if they plan to invest in that certain ICO, their ICO Pass verified KYC information will be ready and there will be no need to go through the whole KYC check process again.
This will be how the main page of the ICO Pass app will look like when it is opened. Several affiliated ICOs will be shown for the client to browse.
If a client gets interested in a certain ICO, more information can be displayed by clicking on the ICO’s icon. A brief description of the ICO will be given as well as links to the website and whitepaper for the complete details.
On the bottom right portion of the screen, you can see a rectangular icon labeled ICO Pass wherein if you press on it, your ICO Pass verified KYC information will be displayed. These verified KYC data can be shared to other ICOs if the client wants to participate in them.
On another status update released on March 16, 2018, Mr. Janis Graubins further announced that the product is now on its beta testing where it is being tested by different people from different parts of the globe.
Tokensale Update
On the same status update where Mr. Graubins announced the upgraded features of the product, he also announced that tokensale will be on April 6, 2018, as planned and stated on the roadmap. Only those people who have been KYC checked and had their information verified by ICO Pass can participate in the tokensale. Mr. Graubins also revealed that after a final meeting with the regulators, it was determined that ICOP tokens are not security tokens which is a great news for investors.
So far, the team has been true to their words and have stuck to their projected roadmap. Everything is going well as planned and we can only expect more great things to come from them. Below is a copy of their roadmap and so you will know and will be able to keep track of their activities.
You can also follow ICO Pass on social media and join the telegram channel so you will be kept updated with the progress of this revolutionary project.
So that's it for this ICO Pass update and thank you for visiting my blog. Have a nice day!