The blockchain technology has also gotten into the transportation sector, by offering a decentralized transportation solution on the RedCab platform. The future is definitely here as no industry wants to be left behind, as all want to take advantage of the advancements the technology is able to offer. What Is RedCab? RedCab was established to ensure it offers a seamless peer to peer transportation solution. A solution that individuals and business are able to enjoy and exploit thanks to the decentralized system that has been effectively offered on the blockchain technology. But this is not all; the company was not only established to create a solution, but they have also designed a token that their users could be able to use. RedCab REDC Token & ICO Details The REDC Token will be used as a utility token, one which you could use on your day to day transactions. As a result, the coin will be able to create the needed demand, but this will be over a limited capped supply. If you are interested in a coin it will go for about 1 ETH = 2333REDC. The company will be having a private pre-sale that will start in the next 15 days. During the pre-sale buyers will be able to enjoy a large bonus of about 40%, but this is for a limited time so ensure to get register to enjoy the bonus. Once you have registered individuals will go through a vetting process, and for the qualified parties they will be provided with the needed information to make sure they purchase the coins on time, but there is a minimum requirement that is a minimum contribution of 10 ETH is expected.
Parameters Of The ICO
Token Symbol: REDC
Token Sale Starts: Q3, 2018
Token Sale Ends:Q4, 2018
Token Price: 1 ETH = 2333 REDC
Total Supply:100,000,000 REDC
Soft Cap: 2143 ETH
Hard Cap: 24529 ETH
RedCab Features
The platform has been designed with desirable features to ensure they provide their investors with more than the counterparts in the market. Some of the features you could look out for, or rather, look forward to are as follows:
Extensive Research
The company has done extensive one-year research on the transport industry. The potentials the market is able to offer, experiences and the technologies that are available. It is all to ensure they are ahead of the game when they get in.
The Best Returns
From the extensive research carried out the company was able to formulate a business strategy that will offer the best returns to its investors and drivers. But this is not all as customers will also be enjoying the lowest rate in the market, a win-win for all.
Understanding The Market
The research the company carried out facilitated in fully understanding how the market operates, to ensure there is nothing but success on the platform. As a result, the company is able to build one community from the different markets available while still embracing the diversity that exists between people.
The Best Technology
The company has invested in the best technology the market is able to offer, as they are developing a platform that is fixed on the solid eye of the future. Thus, they are able to introduce advanced technologies to the transportation sector, to ensure they are enhancing the customer experience. As a result, aiding the company to achieve better business results than ever before.
RedCab Conclusion
Truly the blockchain technology has impacted various industries, and the transportation sector has not been left behind. With the use of the technological advancements that have taken place in the blockchain, we are confident this company can deliver what it promises. Not forgetting the intensive research and systems that have been put in place, the platform indeed proves promising.
How are you fellow colleagues ,, sure good news right ,, here I want to share information from CoVEX .. THE NEXT GENERATION All In One Digital Trading Platform. Powering Data for the new equity blockchain.
CoVEX is a one-stop trading platform for Cryptocurrency Exchange, Social Trading, Margin Trading & Lending, P2P Loan, Prepaid Card, Payment Gateway and ICO Underwriting services.
About Us
CoVEX is a unique trading platform which provides a set of decentralized solutions through blockchain. CoVEX is building the Blockchain nexus of the future. Startups, small and large businesses rely on our data and range of services to power their decision-making. We are a group of expert developers, traders, analysts and evangelists that believe in the paradigm shift that the blockchain represents. Our services include:
CoVEX smart contract is based on the next-generation ERC223. Traders can trade and exchange cryptocurrencies, enhance their copy trading skills and compete with each other’s trades within their trading groups. In other words, we are making social/copy trading, margin trading, and payment gateways transparent, highly secure and reliable. The CoVEX token which will be implemented on Ethereum Blockchain under ERC223 standards will act as a reward-generating cryptocurrency. This means CoVEX token holders will receive bonuses in the form of transaction fees. Ultimately, our platform will make trading accessible to everyone and improve the overall user experience. Our platform will transform the foundations of crypto markets such as startups, incumbents, traders, consumers, and merchants into a viable ecosystem that will boost the mass adoption of cryptocurrencies. Our mission is to bring this innovative technology to the world in an effective, seamless and accessible way. We see the Blockchain as the solution to centralizing power, thus returning freedom to the people to make their own financial decisions and prosper, undeterred.
Our Services
CoVEX’s R&D team is developing a stable, secure platform. The CoVEX platform will not only allow traders to exchange cryptocurrency, but also to share their ideas, enhance their copy trading skills and compete with others’ trades within the CoVEX network. We believe the social aspect of trading, connecting traders and enabling them to share information, is invaluable. CoVEX offers traders a hybrid trading platform with excellent trading tools, volatility alerts, market updates, current news and a dedicated team of customer support.
Most cryptocurrency exchanges were developed by enthusiasts who do not have the requisite technological maturity to maintain them. As a result, current crypto exchanges face:
DOWNTIME LOSS
Frequent downtimes have led to significant financial losses for crypto users who are unable to place and modify their trades, especially during highly volatile periods.
SECURITY
Most crypto exchanges are bombarded by security breaches, making them vulnerable to hacks and huge thefts.
POOR USER INTERFACE
New users are discouraged from using cryptocurrencies when they sign up for crypto exchanges because of the poor user interface.
We provide the services aimed at tackling the inherent problems in the cryptocurrency exchange space, including:
Cross-Border Crypto currencies-Exchange Platform:
We will create opportunities for traders and investors to buy, sell and exchange their favourite cryptocurrencies at current and determined prices. No more merchant fees and credit card fees: pay only the real cost and get the most out of your cryptocurrency with the lowest exchange rates available. Considering you've got to pay a network fee every time you want to transfer cryptocurrency, it’s totally understandable that you would want to avoid excessive exchange fees.
Social Trading Platform:
CoVEX offers you a plethora of carefully vetted, approved and professional trade managers who you can follow and rely on when creating your portfolio as an investor. We vet new and old traders periodically and new traders who have maintained a highly successful track record can join our professional trade managers team.
Our platform will allow users to set their funds and tokens to copy trade from top traders, and top traders can share their trading experience with new users, enabling them to learn more about the crypto market. The platform is totally transparent and secure, thereby giving users complete and safe control of their trading funds and investments.
Our platform provides an easy-to-use interface that will keep you up-to-date with the best traders, who have a proven track record of profitable trades, and allow you to use their investments and knowledge for your own benefit.
Cross-Border Margin Trading:
For traders with a limited amount of crypto resources, i.e. Bitcoin and altcoins, we provide the option of margin trading in order to add leverage to the investment. This effectively increases the amount invested without having to actually hold the assets. Our platform will allow traders to borrow or lend tokens for margin trading.
CoVEX Payment Gateway:
Our payment gateway will allow our users to effortlessly trade between cryptos and fiat currencies in futures, such as the USD, GBP, and the EUR. In the future, the wallet service will be complemented by prepaid cards or credit cards which will enable users to quickly access their funds.
P2P Loan Service:
CoVEX will also implement a platform that allows lenders to issue loans to borrowers based on a selecting credit decision package. This will be specified by ML algorithms which scores the estimated fraud, identity and other credit rating agencies. Before the mass adoption of cryptocurrency, there were very few safe options for lending. CoVEX’s services aim to provide a swift and cost-effective solution to this dilemma. Furthermore, CoVEX offers lending and credit options to its users and you can earn interest by lending and borrow with relative ease.
ICO Underwritings:
CoVEX also offers a high-quality underwriting service which provides promising ICOs that have passed a stringent smart contract code review, and legal compliance by our expert ICO review department. CoVEX will provide a complete package for ICO beginners, assisting them with smart contract code reviews and legal compliance.
We firmly believe in the unique proposition that makes CoVEX, as well as the many great services it’ll bring to the market. We look forward to guiding new ICOs through the process and providing our users with a top-quality user experience.
How are you fellow colleagues,? sure good news all right ,, here I want to share the latest information from BITRUST..
BITRUST Looks at How Global Tech Leaders Consider Crypto It’s always interesting to know what our generation’s tech giants are saying about cryptocurrencies. So far their comments have varied greatly, even going from one extreme to another. In this blog post we ask BITRUST team members to choose a few of these “celebrity” opinions and say why they found them interesting. CTO, Sergey Silin (From a strong FinTech background, he succeeded in attracting a team of talented software developers to launch BITRUST)
I would start with the former CEO of Microsoft, Bill Gates — one of the tech icons and the world’s second wealthiest person. In a 2014 interview he mentioned the numerous benefits of bitcoin as a currency, stating that the key is bitcoin technology itself, as one can build on it. At the time the whole community was excited about the support of Gates and his enthusiasm for the technology. However, he recently amended his view, writing: “The main feature of crypto currencies is their anonymity. I don’t think this is a good thing.. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long.” Mr Gates especially noted how it could make it more difficult for governments to fight against money laundering and funding terrorism. This point is definitely always worth taking seriously for anyone in crypto community. However, fiat currencies are posing the same (or even greater) risks, and the rise of cryptocurrencies is not proportionally related to criminal activities. It’s important to remember the risks, but not to dismiss completely the benefits of the technology itself. And projects like BITRUST are being built to handle some of these risks. CFO, Elina Krumina (12 years of comprehensive experience and a long record of accomplishment in the corporate banking sector) I’m choosing Elon Musk for his beautiful mind and great sense of humour. In his recent attempt to “learn about cryptocurrencies” he declared that he would send anyone twice as many ETHs as they would send to him first. This post in Reddit was paired with a photo showing Musk holding Julian Hosp’s book, “Cryptocurrencies Simply Explained”. It was a big leap from his moderate claim in 2014 that “my opinion of bitcoin is that it’s probably a good thing”. The photo really got the crypto community worked up, as with Musk’s experience in payment services, it felt like something revolutionary could be coming. Well, at BITRUST we definitely hope to see more such images and hear real ideas from this amazing guy! CEO, Alex Duhamel (Alex’s core expertise is in derivative functionalities and hedging strategies used in various forms of insurance against asset depreciation) I would mention Facebook’s Mark Zuckerberg, who does not consider stopping as an option. So, it’s always interesting to see “what’s next” for Facebook. In his famous post in January this year he declared that he is “interested to go deeper and study the positive and negative aspects of these technologies (he mentioned encryption and cryptocurrency), and how best to use them in our services”. “..One of the most interesting questions in technology right now is about centralization vs. decentralization,” Zuckerberg wrote. “A lot of us got into technology because we believe it can be a decentralizing force that puts more power in people’s hands.” This goes completely in the enthusiastic spirit of blockchain and we are more than curious to see what this interest will result in. It’s still unknown if Facebook will adopt cryptocurrency in any form this year or later, but to me this encouragement was music to my ears! BITRUST is a P2P cryptocurrency insurance platform currently under development. To finance the development and launch of the BITRUST platform, a limited-supply sale of BITRUST tokens (BTFs) has been created by BTF Project Limited. The sale started on March 5th — read more information about the BITRUST ICO structure, terms and the company itself here. For more information : Website : https://bitrust.co.uk/ Whitepaper : https://bitrust.co.uk/files/whitepaper.pdf Telegram : https://t.me/joinchat/B2YGhUXOs8y1EPxV4q_zzw Facebook : https://www.facebook.com/BITRUST-150162739077561/ Twitter : https://twitter.com/BTF_PROJECT Writer : Sidhay33 BitcoinTalk : https://bitcointalk.org/index.php?action=profile;u=2054409 MyEth : 0xCC85881B95643023EA2a9B6B60c3A55A71aa4C42
How are your colleagues all, here I want to share information about INVOX FINANCE..
INVOX FINANCE
THE WORLD'S MOST INNOVATIVE INVOICE LENDING PLATFORM
About Invox Finance
The Invox Finance Platform is an invoice lending platform tapping into the US$2.8 trillion invoice financing industry.
The team at ABR Finance Pty Ltd is behind Invox Finance. ABR Finance is a successful invoice financing company and has helped fund businesses throughout Australia with A$30 million in invoicing.
ABR will also become the Invox Finance’s first customer, which allow for multiple sellers and buyers to test the Invox Finance Platform with ABR Finance as the reputable investor.
Problem
The key problem with traditional invoice financing is that the financier purchasing an invoice from the seller and advancing the funds against it does not have a direct relationship with the buyer. The financier solely trusts the information provided by the seller. As a result, the relationship between the seller and the buyer is not completely transparent to the financier, and therefore exposes the financier to a considerable risk of the invoice not being paid as agreed or disputed.
Summary of potential problems
The seller and the buyer may collude or conspire together to defraud the financier.
The seller may issue an invoice for a service that has not been fully completed or a product that does not comply with agreed specifications or requirements
The buyer may dispute the payment liability.
There are also issues with the complexity of the processes and the legal documentation involved. The preparation and execution of legal documents is laborious and costly and may involve a number of third-party providers.
The buyer may become insolvent and unable to pay for the invoices.
The seller, in breach of its agreement with the financier, may instruct the buyer to pay for the invoices directly to them and not return the funds to the financier.
The Invox Finance Model
We plan to disrupt and revolutionise the traditional invoice finance industry by implementing a global distributed peer-to-peer lending platform called the Invox Finance platform.
This platform will completely eliminate the need for a financier’s involvement by connecting businesses that wish to accelerate their cash-flow through selling their invoices, directly with investors who wish to finance these invoices.
Decentralized Platform
The Invox Finance Platform will allow sellers, buyers, investors and other service providers to directly connect, interact, share and distribute information.
Lower Rate For Seller
Sellers will be able to obtain financing at lower interest rates than those normally received from traditional financiers who operate outside the blockchain.
Dynamic Invoice on a Distributed Ledger
Dynamic invoices provide all parties with the ability to update invoice information in realtime, ensure immutability and manage sensitive information access.
Bringing All Parties Together
The Invox Finance Platform maintains trust and transparency between all parties through permissioned access, verifications, and an in-built reward system.
Direct Acces To Investors
The Invox Finance Platform will provide sellers direct access to individual investors. This new direct lending environment will benefit both sellers and investors.
A New Way Investors To Diversify
The Invox Finance platform will expose investors to loan products comprising of loan fragments from many diverse businesses across various industry sectors.
Reducing Risks
Invoice loans will be fragmented into smaller increments allowing investors to purchase loan fragments to reduce their risk profile and increase their diversification.
Who will use Invox Finance Platform
Sellers who have invoices they wish to sell to accelerate their cash-flow
Investors seeking higher rates of return and diversification of their investment portfolio
Buyers who will receive extended invoice payment periods and be rewarded for verifying invoices
Invox Token
In conjunction with the Invox Finance platform, an Invox Token will be created on the Ethereum Network.
Provide Acces
Invox Tokens will provide sellers with access to the Invox Finance Platform. Through the Trusted Member Program each seller will be required to pay a certain amount of Invox Tokens as a yearly membership to gain access to the platform.
Reward Work Performed
The system will reward buyers and sellers with Invox Tokens for the verification and payment of invoices.
Invox Token Dissemination
45% Marketing
20% Investment Fund
15% System Development
19% Services
1% Misc Expenses
Initial Coin Offering
The rationale behind conducting the ICO is to pre-sell membership to the system through the sale of Invox Tokens.
The rationale behind conducting the ICO is to pre-sell membership to the system through the sale of Invox Tokens.
Invox Tokens will entitle holders to access the Invox Finance Platform through the Trusted Member Program. By participating in the Invox Finance two-stage fundraising process, you will be provided with an opportunity to aquire Invox Tokens at a discount.
The ICO will be conducted in two parts with a bonus system rewarding participants in the pre-ICO as well as during the ICO itself. The maximum amount of Invox Tokens being minted will be released at the start of the Pre-ICO, along with open source smart contracts on our Github.
Roadmap and Target
Stage 1
During the initial stages, the team will have invested over $500,000 AUD in cash into Invox Finance. This investment was used to create an initial community, develop this white paper, prepare to conduct an ICO, establish a system framework, and most importantly engineer the Dynamic Invoice Smart Contract.
Stage 2
The main objective will be to complete the pre-ICO stage, begin developing the Minimum Viable Product (MVP) and complete the full ICO.
Stage 3
Once fully funded by the ICO, we will complete the MVP and commence rigorous user testing to ensure the release of a quality product.
The Team
Alex Mezhvinsky - Co-Founder
Adam Mezhvinsky - Co-Founder
Daniel Tang - Co-Founder
Victoria Mezhvinsky - In House Legal Counsel
Jose Luis Ramirez - Lead Software Engineer
Lucas Cullen - Lead Solidity Developer - Contractor
Hi ,, here I want to provide information about BitEsprit..
What is BitEsprit
one cryptocurrency trading solution with built-in copy trading function that facilitates the trading of Bitcoin and altcoin with fiat currencies. Where the exchange of all-in-one cryptocurrencies features an altcoin-fiat trading partner, debit cards issued by BitEsprit related to user fiat balances, copy trades, toll-free ICO token lists, and advanced graphics functions to redefine the way industries think about exchange altcoin.
Purpose Of BitEsprit
BitEsprit aims to eliminate barriers to entry into the altcoin trading ecosystem for both traders and promises new projects that want to gain attraction. Their exchange will help those traders who have struggled with the lack of direct access to altcoin, lack of trade expertise, unusable user interfaces, and insecure exchanges. In addition, altcoin developers also experience major problems caused by very high exchange fees for new ICO tokens that will be included in their selection. Therefore, BitEsprit aims to provide equal opportunities for these projects in gaining access to liquidity to help them grow without being exposed to financial barriers such as exorbitant registration fees. These factors have affected all traders cryptocurrency to some extent.
Features from BitEsprit
The BitEsprit exchange will feature over 100 cryptocurrencies to trade with the main cryptocurrency as well as fiat currencies and will operate on a low-cost structure, half of which will be paid with BEC. The BitEsprit exchange will facilitate the trading of copies with the purchase and sale of simple cryptocurrencies, and it will also be possible for users to have their own published BitEsprit debit card associated with fiat funds on their user accounts and will also have advanced solutions, built in the hurting field so it all comes to the door of BitEsprit users in one online trading platform.
User Interface
BitEsprit builds fast, user-friendly, and secure exchanges available to users from around the world in all condition. Therefore BitEsprit will build server solutions that provide 99.99% availability without downtime. This server structure will serve a software solution capable of running up to one million orders per second, and a user interface that is encoded to minimize the load on the user’s device. Thus, the User Interface (UI) will be tailor-made for easy and flawless usage when fully operational on entry-level devices. The service will also be fully accessible through iOS and Android apps and to remove barriers caused by language in apps and websites it will support multiple languages.
Fiat Integration Fiat integration involves two main areas as follows:
Trading with fair cryptocurrency-fiat – BitEsprit will allow users to trade altcoin against fiat currencies which means that in addition to the three cryptocurrency bases (BTC, ETH, BEC), three fiat currencies, ie USD, GBP, and EUR, will be available as the base currency for trading. The exchange has 0.15% exchange fee. Users will also be able to save and withdraw fiat currency to/from their BitEsprit account in addition to the tradable cryptocurrency in our platform. In addition, BitEsprit will integrate PayPal, Neteller, Skrill, and China UnionPay payment solutions, to make it easier for users to get to this platform.
Debit card issuing associated with BitEsprit account – Debit card issuance directly related to BitEsprit account, which will make it easier for merchants to spend their realized profits. This debit card will be available for use at all sales venues that accept Master Card. Placing funds on a BitEsprit debit card will be internally facilitated, so once a user generates a profit, they can use those benefits.
Trading Copy
The trading platform copy will allow for users to automatically copy other user’s trades. Photocopiers will be able to copy multiple user accounts and will be able to specify what percentage of their available balance in the base currency they wish to devote to each user copied.
If the copier has a zero balance of the base currency of the trades made by the trader being copied, the system will not be able to place orders for the copier and send an alarm copier saying that the trade has been placed by the trader who copied in the base currency on which the machine a photocopy has a zero balance order automatically placed on behalf of the copier based on the percentage of capital entered by the trader who is copied in the trade.
No-Fee Token Listing
Token ICO will register in BitEsprit free of charge after discussions with developers and a thorough evaluation of the project guided by the following key evaluation areas:
Evaluation of team members
Analysis of project concepts
Viability of milestones
Progress before and during ICO
Transparency Of Spending
Online Multi-Cryptocurrency Wallet
The platform will also feature a multi-cryptocurrency online wallet that will be integrated into the BitEsprit exchange. That is, users will keep their personal wallet keys and get a quick and easy way to transfer funds those who intend to trade from their wallets to BitEsprit exchange. In addition, users will also be able to connect their BitEsprit online wallet to a hardware wallet, such as Trezor.
Bec Token
BitEsprit Token (BEC) compatible with ERC20 will be native to the BitEsprit platform, and will have a number of ways in which it can be used in using the service platform.
Here are the details of BitEsprit token sales as follows:
Hi ,, here i want to share information about iagon ..
IAGONis a platform to take advantage of the storage capacity and processing power of multiple computers through a decentralized Blockchain network. IAGON utilizes and makes it possible to store large data files and repositories, as well as smaller file scales, and to perform complex computing processes, as required for artificial intelligence and machine learning operations, in a fully secure and encrypted platform that integrates Blockchain, cryptography and AI in a user-friendly way.
How to participate in Iagon’s Pre-Sale
There’s a lot of great things happening at IAGON at the moment: we have new advisors on board, made some great partnerships, developed our MVP and at the same time our Pre-Sale is approaching with Dragon speed.
We’re excited to announce that our Pre-Sale will open on the 2nd of April, and as we have mentioned before, this Pre-Sale will be held exclusively for DragonChain token holders. It will also utilize the Dragon Slumber Score priority tiers.
So to avoid any confusion we wanted to walk you through the process of joining our Pre-Sale. Everyone who wishes to participate in IAGON’s Pre-Sale will need to complete the Know Your Customer (KYC) form on Dragonchain platform. If you have already done that before, you are eligible to participate and don’t need to complete the KYC form again.
The KYC procedure is a simple online process of identification. To be added to the whitelist and have access to IAGON’s Pre-Sale all the participant will have to go through it.
The KYC form is open now and closes on the 27th of March. What do you need for completing this registration?
ID (a high-quality image of a passport or government-issued ID)
A high-quality image of yourself (or in other words a “selfie”)
Ether wallet that holds your Dragonchain tokens (DRGN’s)
If you don’t have a Dragonchain profile you will have to make one. Choose a Username and fill out your personal information.
Once you have registered or signed into your account you will see the upcoming Pre-Sales available for you to participate (You will noticed that IAGON is listed as “coming soon”, however, on the 2nd of April you will be able to click on the IAGON logo and it will take you straight to the Pre-Sale).
Scroll down the the bottom of the page and click on the KYC “Apply Now” button which will take you to the registration form.
In this step step you will need to provide your Ether wallet account that contains Dragonchain tokens. Also, you will be required to provide a good-quality image of yourself and of your passport or government-issued ID. Make sure that the image is clearly visible, uncropped, unedited and that it shows all the information contained in the document.
When your finish with uploading click Submit at the bottom of the page.
Wait for approval from Dragonchain (status must say approved). If you want to move this process faster, please contact Dragonchain through their telegram channel. https://t.me/dragontalk.
Congratulations — once you’re approved, you’re finished with the KYC process!
Disclaimer:
If you don’t hold and DRGN’s on your Ether account, the platform will inform you about that and you won’t be able to finish the KYC process. However, if you do hold DRGN’s you will be able to finish the process without a problem and you will receive an Approval or Rejection Email from Dragonchain as soon as they will go through your application. We’re extremely excited about IAGON’s Pre-Sale and we hope you are too!
Everybody at IAGON thank you for your interest and support. Together we can revolutionize the cloud! We look forward seeing you at our Pre-Sale! If you have any questions regarding our Pre-Sale don’t hesitate to contact us oncontact@iagon.comor leave us a question in ourTelegram group.
Enjoy Safein's excellence to Control your data without the cost of convenience
Hi ,, here I want to convey some information from Safein .. Safeinis a blockchain-based single sign-on digital wallet ensuring security, comfort and trust for our customers. With Safein, users can easily demonstrate their true identity online where needed, make instant payments as well as control the extent of their personal data given out to various service providers.
Safein-Secures Digital Identity and Single Payment Wallet uniquely beneficial to users and merchants. First, users will undoubtedly appreciate the end of re-enrollment, KYC recovery and passwords, replaced by the instant access provided by our multi factor authentication solution. In addition, it does not have an excessive account providing better security and data protection, both of which are highly valuable to any consumer. Finally, the ability to make easy payments in selected media has long been desired by the market - Safein will also meet this need to enable a smooth payment experience for all users and their merchants Merchants also benefit from our platform because Safein significantly reduces merchant fees for installing and verifying users. Furthermore, Safein reduces transaction costs and can remove issues because it has to manage lost keywords for customer support. Marketers also get easy access to crypto payments at the lowest commission charge on the market with a free identity verification tool. In addition, merchants who have Safein tokens in their wallets will be able to process payments without commissions. Our platform will also help improve user confidence and conversion rates and protect them against unintended violations of increasingly complex data protection rules and processes.
Problems in e-commerce
The rapid growth of e-commerce remains unstoppable. However, the industry itself is still ripe for improvement as concerns over data protection, cybersecurity, money laundering and the monopoly of various sectors are mounting. In addition, online shopping is not only troublesome, but also complicated. Think, for example, all the repetitions
registration, verification, and password recovery, following the online customer experience every day.
We believe that outdated technology is the cause of almost all of these problems. Therefore, we think it's time to improve by embracing the modern way of managing your online identity and your shopping experience.
Problem
a. Poor User Experience.
b. Lack of Transparency in how user data is managed.
c. Threat to Online Security.
d. Barriers for regulated Bussinesses
e. Absence of A Universal E-Wallet
SOLUTION
1. Combining The Best of Two Worlds
Data shows that modern internet users have a strong preference for single sign-on solutions like Facebook identity or Google accounts. In fact, some88% of all online customers use these gateways from time to time to sign into websites they visit. On the other hand, neither Facebook nor Google can grant an account that’s verified or capable of payments, which significantly limits user convenience and growth. Accordingly, there’s a huge market that’s ripe for the taking.
In view of all this, as well as the cyber world problems mentioned in previous sections, the Safein team has set out to create a single sign-on and payment solution that can be used universally on all websites. By doing so we will eradicate the traditional way of creating accounts on numerous websites we shop on, and we will enable the world to adopt Identity 2.0. This profound leap in technology can easily eliminate the inefficiencies of never-ending KYC procedures and finally grant the community a default customer gateway for all e-commerce activities.
Equally important is our ambition to finally enable our customers to properly secure the personal data used for e commerce, and shop anonymously wherever possible. We strongly believe that instant access to payment for services, with no delays for KYCs or deposit transfers, will undoubtedly lead to greater competition, increased conversion rates and booming e-commerce. In tandem, merchants will benefit from a significant cut in their cost of regulatory compliance, data protection, KYC and user onboarding, cyber security, as well as reduction in need for significant portion of customer support handling trivial matters like password recovery.
2. Safein Architecture
3. Digital Wallet and Payment
Get access to websites with one click
Safein allows users to sign up and log in to new websites with one click. Forget tedious registrations and lost passwords. With your approval, we’ll deliver your data to new websites for you.
you can always control your data
With Safein, you’re always in control of what websites know about you. You can login online anonymously, or only share data the website really needs. A single click will revoke their access permanently. On our web panel and mobile app, you’ll see your entire activity history, including registrations, logins and payments.
facilitate fiat or crypto transactions with zero effort
Once logged in with Safein, you’re also able to make payments without providing any extra information. Store your money in traditional currency or any crypto, and Safein will automatically convert and deliver funds in the merchant’s preferred way. Since every payment processed is within the boundaries of Safein, they’re instantaneous, secure and cheap.
Single Sign On
Before integrating Safein, a merchant will have to choose what user data is essential and must be acquired, and what data is optional and could be omitted. Our team will monitor this process and advise merchants on whether their choices on data to be collected complies with applicable data protection regimes. Moreover, the user will be able to choose whether to pass or decline passing optional data to the merchant. Safein will try to grow a generation of users who value their personal data and do not share it with everybody by default. The same applies to merchants, as we will try to do what we can, without losing our competitive advantages, to limit merchant requests for data and convince them to accept anonymous users where possible.
User Data Protection
Safein’s architecture is built in a way that solves most of these problems automatically. First, as required by recent developments in the EU, our users will always be presented with a full and clear information on what personal data is being passed on to relevant websites. No such transfer shall take place without clear consent of the user. Moreover, once the user agrees to give her specific data to a merchant on the first login, the merchant will be able to access this data on our platform anytime before this relationship is terminated by the user. Accordingly, such merchant will have little reasons to store this information on his own server and thus be able to significantly decrease his and his user’s exposure to hacking operations and data theft (as well as save some expenditure related to counter measures to such threats).
KYC Procedure Engine
KYC's procedures in Safein are well managed by Team Safein, currently in talks with the world's leading automated ID verification service provider to deliver highly accurate results using AI-supported document checking algorithms. Such an examination, where users only need to scan their ID with their camera and take narcissistic photos, will be enough for most of the usage. Some advanced verification, where users must adhere to very specific rules (for example, multiple cryptocurrency exchanges), will be done manually by the Safein team. This can take up to several minutes, but compared to this week's waiting period for some exchanges, this is still a radical improvement, especially considering that the user only needs to do it once.
Buyer protection mechanism
There is also a Safein facility that can protect your transactions. Crypto payment without buyer protection mechanism robs customers of money back guarantees in case of delivery failure. Therefore, Safein will provide buyer protection mechanisms for crypto payments on its platform. The mechanism will only start if the goods are not well received by the buyer or if not as described. Safein will provide all tools to buyers to protect their accounts, therefore traders will be able to feel secure because there will be no chargebacks or fraud cases. If the buyer and seller can not resolve the dispute itself, a well-trained Safein support team will intervene and resolve the outcome of this dispute.
what is MVP .. ??
Security should be the main focus when managing your identity and wallet online. Safein will have a multi-factor authentication mechanism implemented from the start. While integrating Safein, every trader will be able to choose the minimum level of security he needs from its users. For example, a merchant may request all login to the merchant's site and all payments must be confirmed by the user on the mobile device - ie (i) push notifications appear, (ii) the user must identify himself through the pin code or fingerprint on the mobile Safein application and (iii) approve login or purchase. Users (on their panel) can also increase the general security level for each website individually. For example, even if certain websites do not require a confirmation of a mobile device to log in to a website.
With Safein, users can not only completely control their logins and actions, but also track and manage them. Users will be able to view their full activity history, including login and payment, track the devices they use, manage current active login sessions and cancel at any time. Users can also easily check which sites have access to certain data. Most of the functions associated with identity management are already available in MVP.
