trade.io and Civic partner up to provide a new way of identity verification

Civic will provide their blockchain-based id verification technology for the benefit of trade.io users
19 December 2017   1756

trade.io, a cryptocurrency exchange with a very successful ongoing ICO, announced the plans for partnering with Civic – a blockchain-driven identity verification service. Civic is a pioneer in this field and boasts that their services reduce the overall cost of Know Your Client (KYC) requirement.

This is a step in right direction, because trade.io presents the only available cryptocurrency liquidity pool with 50% of the daily revenue designated to participants' payout. And utilizing Civic's services in this case will allow to qualify the clients for exchange and liquidity pool a lot faster, cheaper and, most important, in compliance with the law, so there wouldn't be any unpleasant surprises from the legal side of things.

trade.io CEO Jim Preissler commented on the partnership in question. He pointed out that the main problem in the world of finance is not only getting people to trade fast, but also to make the whole process AML-compliant without disrupting the trade and ease of access to the platform. Also the scalability of the service is crucial to continuous and growing ecosystem like trade.io.

As for the ICO, trade.io has already managed to collect more than 9500 investors, who contributed over $19 million to the creation of the first blockchain-based trading and exchange platform.

SEC to Unveil New List of Probable TON investors

One investor in this list is a ex-member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital Mayer Malka
27 January 2020   477

Some names of large investors and the names of investment companies that could take part in the $ 1.7 billion token sale of the Telegram blockchain project became known, CoinDesk reportes with reference to documents issued by the US Securities and Exchange Commission (SEC) in the framework of the current proceedings.

One such investor is a former member of the managing board of the Bitcoin Foundation and partner of Ribbit Capital, Mayer Malka. He during the testimony at the beginning of the month mentioned Telegram CEO Pavel Durov.

Answering a question about whether Telegram is known for investors who can take on the role of validators in the TON PoS blockchain, Durov said:

We didn't put together a separate list of the purchasers who we would assume have experience in validating other networks, although it was obvious that certain investors… such as, for example, Micky Malka that we have discussed earlier, might… have experience in these processes of validation or at least were closely affiliated with parties that had experience in such processes.

 

Pavel Durov

Telegram CEO

In addition, Telegram Vice President Ilya Perekopsky, in one of his reports, named David Jan, the founder of ABBYY, a linguistic solutions development company, among potential investors. According to the correspondence published by the SEC, Ian asked Perekopsky if he could get an allocation in the ICO if he contacted Telegram directly without intermediaries in January 2018. “100 percent,” replied Perekopsky.

Also, TON investors could become the American funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings and Redpoint. This follows from the testimony declarations affixed by the SEC to the recent petition. In eight declarations, TON investors explain what prompted them to purchase Gram tokens. Company names have been removed from all documents, but they have remained in the file names. Sources familiar with the situation confirm that they really could take part in the ICO.

Most of the witnesses interviewed by the SEC indicated that they were interested in the possibility of supporting the Telegram project in the ICO TON, while the messenger itself does not accept funding for its main business. The announced investment amounts are on average $ 5-10 million. At the same time, Kleiner Perkins was initially offered an allocation of $ 15 million, but the company managed to agree on a twice as large investment, it follows from the submitted documents.