Overview

Traceto.io is a decentralized digital KYC network that gives ownership, control and management of KYC processes back to the community. 

Project stage

Prototype

Detailed description

Based on our experience in the Financial, RegTech and Blockchain industries, we have developed the Traceto.io KYC Framework whereby the KYC problem has been distilled into 4 fundamental questions defining how an entity should know their customer:

  • Who are you? Determining and verifying an identity e.g. passport, driving licence.
  • Who are you not?  Uncovering politically exposed persons (PEPs), sanctions or terrorists and profiles relating to averse media.
  • What did you do?  Monitoring transactions for suspicious activities, identifying source of funds.
  • Are you still who you say you are? Performing ongoing due diligence as identity and client activities may change over time.

By addressing these challenges, implementing our framework, and fusing smart contract and artificial intelligence technologies, the traceto.io Network provides the first inclusive “real-world” standard KYC solution for the virtual world

Problem

Know Your Customer (KYC) processes, which protect against Anti Money Laundering (AML) and Counter Terrorism Financing:

  1. A false assumption that anonymity overrides the need to comply with AML and CTF regulations; 
  2. A low priority allocated to compliance due to its perception as a being a cost center; 
  3. A lack of budget and experienced compliance personnel to build watertight KYC processes.

Solution

Combining over 5 decades of experience across compliance, technology and finance, Traceto.io’s mission is to create a virtual KYC platform that will allow the decentralized ecosystem to comply with KYC related regulations. KYC standards in the cryptoworld are still being developed and Traceto.io will leverage off its founders’ experience in compliance and regulatory technology to preempt and satisfy upcoming regulations. 

Features

  • Founding team and advisors have over 5 decades of Compliance and RegTech experience.
  • A track record in providing KYC solutions with a pool of existing clients and partners.
  • Combine the power of the Community with machine intelligence to revolutionise KYC.
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : T2T
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 30,000 ETH
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 T2T
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :400,000,000 T2T
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :Bosnia and Herzegovina, China, Eritrea, Ethiopia, Iran, Iraq, Libya, North Korea, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, USA, Vanuatu, Yemen,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Within 30 days after the public sale

    Unsold tokens

    NA
      • Token Distribution

          Vesting notes

          • Team and Advisors: Lockup period over 2 years
          • Company Reserve: Lockup of over 1 year
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      08 Jun 08:15 UTC
      28 Jun 00:00 UTC
      0.0531 USD No Min 150 ETH Uncapped 30,000 ETH
      Pre-sale — Ended
      21 May 08:15 UTC
      30 Jul 00:00 UTC
      NA No - Uncapped Uncapped
      Private sale — Ended
      26 Apr 08:15 UTC
      NA 15% - Uncapped Uncapped
      • Team

        • Chionh Chye Kit photo
          Chionh Chye Kit
          CEO & Co-Founder
        • Dias Lonappan photo
          Dias Lonappan
          CTO & Co-Founder
        • Ooi Gene Yan photo
          Ooi Gene Yan
          CDSO & Co-Founder
        • Dan Poh photo
          Dan Poh
          CMO & Co-Founder
        • Robin Lee photo
          Robin Lee
          Co-Founder
      • Advisors

        • Ooi Beng Chin
          NUC Chair Professor
        • Loi Luu
          CEO of Kyber.Network
        • Nizam Ismail
          Partner at RHT Law
        • "PEERCHEMIST"
          CEO at Hashed
        • John Ng
          Partner at Signum Capital

      Roadmap

      • Q2 2018

        ICO complete

      • Q3 2018
        • Lite MainNet with Storage System complete
        • Web application complete
      • Q4 2018
        • MainNet with AS
        • Mobile application complete
      • Q1 2019

        MainNet with CAPS

      • Q2 2019

        Full ZCAPS MainNet Zero knowledge AML screening complete

      • Q3 2019

        Video OTP Public governance test

      • Q4 2019

        Public System

      Activity