Traceto ICO REVIEW by COINEXCHANGE2011
Hello crypto guys and gals, Coin Exchange is back with ICO review. This time we’ll be taking a look at a project name Traceto.

So what is Traceto?

Traceto is a Blockchain KYC, which stands for Know Your Customer, KYC generally asks you for proof of who you are, where you live, you may also be asked for your ID or passport. This creates the opening for scammer and potential security leak which may be harmful to users.
Traceto is looking to make that a thing of the past by storing your information on the Blockchain through its solution.
This is beneficial for the customers since they will only have to do their KYC once, in order to get involved with cryptocurrency and other related real-world applications. The community can also earn tokens for doing KYC assessment.

How does it work?

Traceto’s workflow
So firstly, we start by users looking to register for a whitelist or exchangers submit. Users simply submit the KYC documents to Traceto. Where there will be a group of community verifiers that help to assess and assign a KYC score to the user. These verifiers are trained using a game and they are “level up” as they verify more profile and more accurately. Once they are competent, they will help to assess and assigned KRC score to the users. Corporate requesters can then purchase the KYC score from verifiers and filter out users with KYC score below their benchmark. Users KYC documents are kept safe in a secure, encrypted vault that can only be unlocked by the user or authorized individuals.

The team behind this Traceto

Traceto team
We have Mr. Chionh Chye Kit as the chief executive officer & Co-founder. He has nearly 20 years of financial and capital markets experience in Asia. He also serves as Advisor to Kyber Network, a very successful ICO in the previous year.
We also have Dias Lonappan, awarded Master of Computing from the National University of Singapore. Who is responsible for the overall technology and architecture strategy for Traceto. Dias is a Bitcoin evangelist and a privacy advocate and has spoken about the role of bitcoin in creating an identity system while maintaining privacy.
Next in line, we have Traceto Chief Data Science Officer and Co-founder. Ooi Gene Yan. He is also a Co-Founder of an artificial intelligence and deep learning startup, Shentilium Technologies. He is responsible for the Shentilium’s overall technology and product direction.
In Marketing department. We have Dan Poh, Chief Marketing Officer. He has over 6 years of experience within the Financial & Capital Markets and Wealth Management at Tier 1 Investment Banks including JP Morgan Chase, Deutsche Bank & Bank of America Merrill Lynch.
The last Co-founder, Robin Lee. He has an MBA from Santa Clara University and Diploma in Anti-Money Laundering and the Certificate in Financial Crime Prevention from the International Compliance Association. Robin also sits on the advisory boards of the International Cybercrime and Forensics Examiners, Fraud Consulting, Governance Risk and Compliance Investments and Technology, RegTech Investments, and Dynamic GRC, RegTech.
Traceto’s notable advisors
Traceto also backed up with a strong team of advisors. 2 of which are Mr. Wong Lee Hong and Loi Luu, who are advisor and CEO respectively of Kyber Network.
Mr. Ooi Beng Chin who is a Distinguished Chair Professor of Computer Science, NGS faculty member and Director of Smart Systems Institute (SSI@NUS) at the National University of Singapore.
And other talented members.

ICO

Traceto’s token distribution and token details
Traceto’s tokens also known as T2T token It has the total supply of 1 billion, soft cap of 10,000 ETH (7,071,860.21) and hard cap of 30,000 ETH (21,215,580.63 USD), price Per Token is 0.0000750ETH (0.05 USD). The private sale is currently ongoing till June 1st with the minimum amount of 150 ETH and the public sale is to be expected to follow right after in the early June.

Personal opinion

The idea behind Traceto is indeed a sound one. With the current situation, crypto owners are in great risks when exposing their information online. This risk is also a reason why people are still afraid of taking part in the Crypto’s trend.
With Traceto, Crypto's world is expected to be a lot safer and with that, makes it more appealing for newcomers to join in the Crypto’s wave.
The project is also very well funded, it’s application and ideas are very realistic and the team behind it is a group of fully experienced individuals who are capable of making Traceto comes to fruition. I believe that Traceto will success and provide an extra layer of security for Crypto users in the future.
DISCLAIMER: This post is for informational purposes only and should not serve as financial advice. The author of this post is NOT a financial advisor and it’s YOUR responsibility to do your own research and make your own decision.
Find out more about Traceto here:
Traceto website: https://traceto.io
Traceto Whitepaper: https://traceto.io/static/wp/traceto_io_GBX_whitepaper_v1.30_26032018.pdf
Traceto telegram: https://t.me/tracetoio
Traceto Twitter: https://twitter.com/tracetoio
Traceto Linkedin: https://www.linkedin.com/company/traceto-io-pte-ltd/
Thank you for reading!
bitcointalk name: coinexchange2011
bitcointalk URL link: https://bitcointalk.org/index.php?action=profile;u=1344206
ETH: 0x99dda6cF75749fe8da093dbdA4Dd53f5D14FE799

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