THELOGICALINDIAN - n-a
VeriME ICO Overview
The VeriME ICO and VME Token action a new way to conduct KYC based on blockchain technology. KYC acquiescence is a rapidly arising claiming for enterprises, with an boilerplate onboarding aeon of 26 canicule for banking institutions.
Anyone who has alternate in an ICO is already accustomed with how arresting and time arresting this action can be. Manual KYC processing incurs aerial costs due to the animal assets required, and leaves institutions added accessible to abstracts leaks and fraud. This affair is encountered consistently by consumers beyond sectors- applying for insurance, acclaim cards, and alike authoritative purchases from eCommerce sites, all crave character analysis of some sort.
VeriME ICO Value Proposition
The VeriME ICO is alms a blockchain based “Verification as a Service” [VaaS] artefact to abode inefficiencies of accepted KYC solutions. The VeriME belvedere facilitates a automated KYC action for barter and merchants, which in turn, will advance to a faster, added cost-efficient sales cycle. The belvedere consists of two above apparatus – D-KYC and D-Secure.
D-KYC is a digital character analysis belvedere that facilitates the KYC action accidentally and absolutely online after acute barter to meet, ample out forms and abide documents. This is fabricated accessible through the VeriME App.
The VeriME App allows a chump to artlessly booty a photo of his or her character certificate forth with a selfie. VeriME automatically uses facial-recognition software to bout the face on the character certificate with the selfie, and again pulls all appropriate abstracts from the certificate itself. Users again browse their fingerprint, and an immutable, agenda character is created, anchored on the blockchain.
D-Secure allows for direct affidavit of VeriME users. For enterprises, this band-aid has the added account of accouterment abounding chargeback/dispute protection. Merchants can accomplish requests via their websites or anon to the VeriME App itself. Web requests for affidavit artlessly crave scanning a QR cipher with the VeriME App. Affidavit requests can additionally be beatific to the app anon and absolute via fingerprint.
Not alone is the action of chump onboarding fabricated simpler and added efficient, but added costs can be abhorred by the bargain accident of abstracts leaks, character annexation and fraud.
The VME Token (ERC-20) is the basal agency of amount transaction aural the VeriME ecosystem. Enterprise users will use VME to conduct KYC procedures via the platform. VeriME will action a Basic and Advanced service, depending on the scenario, which alter in price. VeriME accept congenital several allurement mechanisms for both the D-KYC and D-SECURE systems to animate acceptance and sustainability of the ecosystem.
The aboriginal 2,000 Partners to accommodate VeriME for D-KYC will be awarded abundant VME to conduct 10,000 Basic D-KYC transactions. The tokens will be basic until the accomplice alignment has accomplished this beginning so as to abash corruption of the allurement system.
As addition allurement for barter to accept the system, a acceptance fee agnate of 1/2 or 1/3 of the account fee per D-KYC transaction will be adored to anniversary chump for application VeriME for character verification.
Example of the D-KYC Transaction System
VeriME ICO Team
Nguyen Hoa Binh is the Founder of VeriME. He currently serves as Accumulation CEO and Founder of NextTech Group, a bunch amassed of 40 companies in commerce, acumen and fintech with an anniversary acquirement over $90 million. Prior to NextTech, he became able-bodied accepted in Vietnam for founding PeaceSoft, a arch accumulation in the e-Commerce and e-Payment industry.
Sanjeev Kumar is Co-founder of VeriME. Sanjeev has 20 years of acquaintance in the agenda payments industry. Prior to VeriME, Sanjeev served as Chief Product and Marketing Officer at Omise, the Thai payments start-up that spawned OmiseGo. Sanjeev additionally captivated assorted chief administration positions in the payments sector, including 6 years as a Chief Manager with Visa.
Nguyen Phu is CEO of VeriME. He aforetime formed with NextTech Group, designing and developing ERP systems for accumulated babyminding and has spent the aftermost three years researching blockchain applications for such use cases.
According the the VeriME Whitepaper, CTO Le Van Luong has 9 years of acquaintance in fintech, biometrics and telecom, in accession to added contempo assignment with acquittal systems and cryptocurrency. He additionally ahead served as Head of the Research and Development addition of the Vietnam Science Academy. His LinkedIn page, however, has not been adapted to reflect his assignment experience.
On the adviser end, administrator and blockchain adviser Nathan Christian is lending his hand. He is additionally confined in an advising accommodation with added projects such as Friendz and Omnitude.
Stuart Thornton is additionally confined in an advising accommodation to the VeriME ICO. He has ahead brash ICOs such as TenX and is an accomplished business mentor. He has acquaintance in assorted administration capacities with companies such as Vodaphone and World Pay.
The complete account of the aggregation can be begin here.
VeriME ICO Strengths and Opportunities
VeriME already accept an offchain artefact which is accessible on Google Play and the App Store. Their offchain app has been activated by added than 30,000 users in a cardinal of pilot projects with 15 companies in Vietnam. Among the best absorbing accomplice companies are WeShop, one of Southeast Asia’s better eCommerce sites, and NganLuang.vn, Vietnam’s better online acquittal gateway.
Besides these pilot projects, VeriME has already caked a cardinal of added cardinal partnerships. Vietnam Military Bank afresh abutting with VeriME as a analysis partner, with CEO Vu Thanh Trung emphasizing the charge for bigger character analysis and affidavit solutions. This is a absolute indicator from a authoritative angle, as the Vietnamese government attitude against cryptocurrency is currently actuality debated by top banking officials.
Beyond Vietnam, VeriME additionally secured a affiliation with Moin, a South Korean blockchain based cross-border remittance account provider. The VeriME ICO has fabricated amazing advance accepting all-embracing partnerships for the product.
VeriME ICO Weaknesses and Threats
KYC is one breadth in accurate breadth blockchain has the abeyant to acutely advance accepted practices. As with any breadth breadth both tech and timing are perfect, there’s apprenticed to be a lot of contenders in the market. Thomson Reuters accept launched their own Ethereum based agenda character product, with KYC onboarding actuality one of abounding use cases set for trials.
In the ICO space, Traceto.io has additionally garnered absorption for their own KYC onboarding solution. While a brace of arising contenders may not assume abundant of an issue, the bazaar appraisal of the absolute anti-money bed-making software bazaar (KYC actuality a part) is predicted to ability $1.4 billion by 2023.
With such a baby bazaar valuation, the success of VeriME will await heavily on capturing the bounded Asian bazaar area they already accept developed relationships with governments and enterprises. VeriME accept acquaint a allegory of the belvedere to added KYC providers on Medium.
The Verdict on VeriME ICO
The VeriME ICO is run by a awful able aggregation who accept already approved their adeptness to bear through a alive offchain artefact and countless of partnerships. That said, targeting a bazaar with a almost low appraisal places a absolute on abiding advance prospects, abnormally with the blackmail of antagonism from accustomed tech players introducing their own solutions.
As a Top 10% rated ICO, we will be agreement a baby bet on VeriME.
VERIME ICO REVIEW SCORES
SUMMARY
The VeriME ICO is a able band-aid to an arising challenge. Know Your Customer requirements are acceptable to abide and possibly alike become added stringent, both in the ICO apple and in the added banking markets. However, alike with able bazaar assimilation the aggregation will be bound by the ambit of the opportunity, and threats from accustomed players may absolute their absolute bazaar possibilities further.
Founding Team……………………….8.6
Product…………………………………..5.1
Token Utility…………………………..8.8
Market…………………………………..3.0
Competition…………………………..7.5
Timing……………………………………9.5
Progress To Date……………………8.8
Community Support & Hype…..7.9
Price & Token Distribution……..5.4
Communication………………………10
FINAL SCORE……………………….7.5
UPSIDES
DOWNSIDES
Today’s Date: 2/27/18
Project Name: VeriME
Token Symbol: VME
Website: https://www.verime.mobi/
White Paper: https://www.verime.mobi/static/dl/whitepaper.pdf
Crowdsale Hard Cap: $30 million
Total Supply: 1 billion
Token Distribution: 30% to crowdsale, 21% to accomplice incentives, 18% to badge reserve, 15% to VeriMe team, 10% to bonuses, 3% for bounties, 3% for advisors
Price per Token: 1 VME = 0.000333333 ETH or 1 ETH = 3000 VME Tokens
Maximum Market Cap (at crowdsale price): $100 million
Accepted Payments: ETH, BTC, LTC, USDT, NEO, XRP, SGD, USD
Bonus Structure: March 1st – 8th (20%), 9th – 15th (15%), 16th – 22nd (10%), 23rd – 31st (5%)
Presale Terms: N/A
Whitelist: https://www.verime.mobi/registration
Important Dates: March 1st Crowdsale
Expected Token Release: TBA
Additional Info: https://www.verime.mobi/ico
ICO Review Disclaimer
The aggregation at Crypto Briefing analyzes an antecedent bread alms (ICO) adjoin ten criteria, as apparent above. These belief are not, however, abounding analogously – our proprietary appraisement arrangement attributes altered degrees of accent to anniversary of the criteria, based on our acquaintance of how anon they can advance to the success of the ICO in question, and its investors.
Crypto Briefing provides accepted admonition about cryptocurrency news, ICOs, and blockchain technology. The admonition on this website (including any websites or files that may be affiliated or contrarily accessed through this website) is provided alone as accepted admonition to the public. We do not accord alone advance admonition or added banking advice.
Decentral Media LLC, the administrator of Crypto Briefing, is not an advance adviser and does not action or accommodate advance admonition or added banking advice. Accordingly, annihilation on this website constitutes, or should be relied on as, advance admonition or banking admonition of any kind. Specifically, none of the advice on this website constitutes, or should be relied on as, a suggestion, offer, or added address to appoint in, or burden from agreeable in, any purchase, sale, or any added any investment-related action with account to any ICO or added transaction.
The advice on or accessed through this website is acquired from absolute sources we accept to be authentic and reliable, but Decentral Media LLC makes no representation or assurance as to the timeliness, completeness, or accurateness of any advice on or accessed through this website. Decentral Media LLC especially disclaims any and all albatross from any accident or accident of any affectionate whatsoever arising anon or alongside from assurance on any advice on or accessed through this website, any error, omission, or blunder in any such information, or any activity or cessation consistent therefrom.
Cryptocurrencies and blockchain are arising technologies that backpack inherent risks of aerial volatility, and ICOs can be awful abstract and action few – if any – guarantees. You should never accomplish an advance accommodation on an ICO or added advance based alone on the admonition on this website, and you should never adapt or contrarily await on any of the admonition on this website as advance advice. We acerb acclaim that you argue a accountant advance adviser or added able banking able of your allotment if you are gluttonous advance admonition on an ICO or added investment.
See full agreement and conditions for more.
Founding Team
This class accounts for the leaders, developers, and advisors.
Poor quality, weak, or amateur administration can doom a activity from the outset. Advisors who serve alone to pad their own resumes and who accept aside roles can be concerning. But abundant leadership, with accordant industry acquaintance and contacts, can accomplish the aberration amid a acknowledged and assisting ICO, and a flub.
If you don’t accept a aggregation accommodating and able to body the thing, it won’t amount who is at the helm. Good aptitude is adamantine to find. Developer profiles should be scrutinized to ensure that they accept a accurate history of alive in a acreage area they should be able to succeed.
Product
What is the technology abaft this ICO, what artefact are they creating, and is it new, innovative, altered – and needed?
The IOTA activity is a amazing archetype of engineers run amok. The technology declared or in use charge be maintainable, achievable, and realistic, contrarily the accident of it never advancing into actuality is abundantly high.
Token Utility
Tokens which accept no absolute use case are apparently the affliction off, although belief can still accomplish them accept some anatomy of value.
The best tokens we analysis are the ones that accept a affected use case – you charge accept this badge to comedy in some bold that you will apparently admiration to comedy in. The actual best account tokens are the ones which put the badge holder in the position of bartering tokens to businesses who would be able to finer accomplish use of the platforms in question.
Market
There doesn’t accept to be a bazaar in adjustment for an ICO to account able-bodied in this class – but if it intends to actualize one, the altercation has to be acutely compelling.
If there is an absolute market, questions actuality absorb whether it is accomplished for disruption, whether the technology enables article better, cheaper, or faster (for example) than absolute solutions, and whether the bazaar is historically acquiescent to new ideas.
Competition
Most account accept several implementations. If there are others in the aforementioned field, the analyst needs to ensure that the others don’t accept accessible advantages over the aggregation in question.
Moreover, this is the abode area the analyst should analyze any abeyant weaknesses in the company’s position affective forward. For instance, a axiological weakness in the STORJ arrangement is that the badge is not appropriate for purchasing storage.
Timing
With abounding ICO ideas, the timing may be too backward or too early. It’s important for the analyst to accede how abundant appeal there is for the artefact in question. While the IPO bang adjourned a lot of abundant account that eventually did appear to fruition, a acceptable analyst would admit back an abstraction is too early, too late, or aloof right.
Progress To Date
Some of the atomic acute ICO propositions are those that affirmation their founders will accomplish some abroad goal, ancient in the future, aloof so continued as they accept your banknote with which to do it.
More absorbing (usually) is the ICO that seeks to added some advance forth the aisle to success, and which has a clearly-identified roadmap with accessible and reasonable milestones forth the way. Founders who are already partially-invested in their articles are about added invested in their futures.
Community Support & Hype
Having a able association is one of the axiological architecture blocks of any able blockchain project. It is important that the activity demonstrates aboriginal on that it is able to accomplish and body a able and empowered abutment base.
The ICO exchange is acceptable added awash and added competitive. While in the accomplished it was abundant to alone advertise an offering, today’s acknowledged ICO’s assignment adamantine to body acquaintance and action about their offering.
Price & Token Distribution
One of the better factors belief any assay is price. The lower the amount the added there is to gain. But too low of a amount may aftereffect in an beneath capitalized project. It is accordingly important to appraise amount about to the alone project, its ability and the bazaar it is activity after.
The absolute accumulation of tokens should additionally be justified by the needs of the project. Issuing a billion tokens for no acumen will do cipher any good.
Communication
Communication is key. The success of a activity is acerb angry to the activity leaders’ adeptness to acquaint their goals and achievements.
Things don’t consistently go as planned but acclamation issues and befitting the association and investors in the bend can accomplish or breach a project.
