Traceto.io: BRIDGING THE GAP BETWEEN THE PHYSICAL WORLD AND VIRTUAL...

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Know Your Customer (KYC) involves the set of processes where an organization demonstrates to regulators that they have assessed various risks, including money laundering, terrorism financing, credit worthiness and product suitability prior to and throughout any business relationship with the customers.
There are advantages Of KYC such as; 1) Anti Money Laundering (AML) the guard against the flow of illicitly obtained funds through the financial system. 2) Counter Terrorism Financing (CTF) controls aimed at eliminating the flow of financial resources to terrorists and terrorist organizations. All these are done by the regulating organisation and there are several other advantages. Due to the anonymity of the cryptocurrency technology whereby transactions can't be tracked this poses a higher risk to AML and CTF especially. But the question remains how can the gap be closed between the physical world and the virtual world KYC processes? Have you been concerned about going through regorous processes just to get your KYC verification approved? Have you wished for a platform where its simple and easy to get your self verified and you can be KYC worried free? If your answers to these questions is YES
Worry not for today I present before you a revolutionary platform called TRACETO.IO
What is Traceto.io?
Traceto.io is a decentralised digital KYC network that gives ownership, control and management of KYC processes back to the community. It intends to provide incentives to users to organize themselves in a symbiotic relationship with each other that guarantees privacy yet complies with regulatory requirements. Traceto.io’s mission is to create a virtual KYC platform that will allow the decentralised ecosystem to comply with KYC related regulations.

PROBLEMS
E-KYC: Many financial institutions and market participants have been reluctant to move towards E-KYC. Non face-to-face onboarding requires additional due diligence to be conducted on the customer as regulators view this as increasing AML and terrorism financing risks.

A lack of budget and experienced compliance personnel to build watertight KYC processes

Manual KYC Processes: Much of today’s KYC processes are manual. Customers fill up a variety of forms and declarations before being granted access to the services they require. There is a potential loss of revenue from customers who find the KYC process too tedious.

Analog KYC Processes: Analog KYC processes are those which are conducted and stored on physical documents. These incur extra costs related to the creation, preservation and destruction of paper-based records. Analog KYC processes also present compatibility issues as the parent organization seeks to digitalise and move to electronic KYC.

SOLUTION
In reference to the above problems this is where traceto.io comes in, the solution it offers; Traceto.io offers an inclusive KYC solution to cryptocurrency market participants, enabled by fusing smart contract and artificial intelligence technologies. Leveraging on over 5 decades of experience in compliance amongst the founding team and advisors, traceto.io seeks to revolutionise the e-KYC process, bridging the gap between physical and virtual world KYC processes.

Provide an ongoing due dilligence process that is demonstrable to regulators

WHY IS TRACETO.IO OUTSTANDING?

User DApp

This Decentralised Application (DApp) is the User’s main interface to the traceto.io Network. The onboarding process begins by asking the User to upload his Personally Identifiable Information (PII) and pass a liveliness test.

An Oveview of the traceto.io network framework

THE TOKEN
An ERC 20 token, the traceto token (T2T), will be issued. This utility token is the primary token used for traceto.io’s smart contract.
Which will be used for distinguish activities such as;

To obtain traceto.io KYC Services the requester(ICO, Exchange, or other crypto business) are to pay specified charges in T2T
Users are also required to stake a certain amount of T2T to get verified.
Bonuses and reward in the traceto.io network are paid in T2T

Token Name: Traceto.io
Token Smbol: T2T
Total Supply: 1 000 000 000
Platform: Ethereum
Type: Utility

T2T is launching an initial token sale for its utility token, the traceto.io token (T2T), which is intended to support the functioning of traceto.io network. Details below;

Website: traceto.io
Crowdsale Hard Cap: 30,000ETH
Softcap: 10,000ETH
Total Supply: 1 billion
Token Distribution: 30% to TGE, 30% to Company, 25% to team, 15% to Marketing, Operations and Admin

Price per Token: 1 T2T = 0.0000750ETH
Accepted Payments: ETH
Countries Excluded: US, China, Canada
Bonus Structure: N/A
Presale Terms: Closed
Whitelist: Sign Up to Mailing List
Important Dates: TBA
Expected Token Release: TBA

TEAM
T2T is founded and managed by a team of experienced professionals who have worked in the financial services and technology space for a long time.

Chionh Chye Kit (Chief Executive Officer and Director) has 20 years experience in Compliance, regulatory and audit having worked in large global banks for most part of his professional career

Poh Ching Hong, Dan (Chief Marketing Officer and Director) has 6 years experience in Compliance and regulatory roles in tier 1 investment banks.

Dias Loppanan (Chief Technology Officer and Director) has almost 10 years experience in blockchain and technology related roles.

Ooi Gene Yan (Chief Data Science Officer and Director) has 2 years in artificial intelligence and deep learning experiences.

Below is a shortlist of the founders and advisors images and names. Check out the entire team/advisors and by following this link:https://traceto.io

THE ROADMAP OF THE PROJECT

THE PARTNERS