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ShoCoin
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ShoCoin logo ShoCoin ICO Review | |
| ShoCoin ICO | |
| Ticker: | Shocoin |
| ICO start: | 2018-05-28 00:00:00 |
| ICO end: | 0000-00-00 00:00:00 |
| Price: | 1 SHO = 0.11 USD |
| Tokens: | 1,000,000,000 Shocoin |
| Tokentype: | Stellar |
| Hardcap: | 20,000,000 USD |
| Softcap: | 10,000,000 USD |
| Platform: | Stellar |
| Accepting: | USD, ETH, BTC |
ShoCard allows users and enterprises to establish their identities with one another in a secure, verified way so that any transaction–whether it’s to login, share personal information, or complete a financial transaction–can be accomplished quickly, seamlessly and with peace of mind. Creating a ShoCard ID can be done either through the ShoCard App, or a company or entity can build in the technology into their existing Apps via ShoCard SDKs (Software Development Kit). ShoCoins are an integrated part of the ShoCard platform and allow for exchange of compensation between different entities as users share their identity and other information that service providers associate with their identity such as their credit score or college certificate.
Description
ShoCoin is a unit of cryptocurrency for peer-to-peer exchange of value within the ShoCard IM Platform. ShoCoins can be purchased or sold on the Stellar exchange and other supporting exchanges that list cryptocurrencies.
ShoCard’s patented Identity Management platform is intended to be easy to use and to remove friction and cost for both users and service providers. This creates economic incentives for using the product. Furthermore, different service providers can use this platform to allow a user to exchange information beyond their simple identity – things such as a credit report that is certified by a credit reporting agency. Exchange of such information requires further compensation between service providers requiring it. Even the user can be given an incentive for utilizing it. ShoCoin is token used for such an exchange to expand and ease the sharing and validating such information and to create proper micro-compensation for each transaction. The ShoCoin token exchange allows service providers to trade and monetize their identity services (e.g. a certified user credit score with a lender or leasing office). These tokens are also used to offer incentives to users for using their digital identity and to compensate ShoCard for its services.
Benefits of ShoCard and ShoCoin
SECURITY
User’s data, including their biometrics is always on their phone and encrypted when stored. For each field, the data is one-way hashed and then digitally signed. That signature is the only thing placed on the blockchain.
PRIVACY
User’s data is always kept with the user on their mobile device. It is never stored in a central server that can be hacked. User’s decide with whom their share their data with and which specific pieces of their identity they choose to share.
EASE OF USE
Individuals don’t have usernames and passwords to authenticate themselves. While there is always a minimum of 4 factors, users just press a single TouchID to authenticate themselves.
Roadmap
| “ | February, 2015: Incorporated ShoCard and formally started the company May, 2015: Built 1st version of Mobile Blockchain ShoCard & presented at TechCrunch Disrupt. Filed 1st provisional patent July, 2015: Raised $1.5M seed round from Morado Ventures, AME Cloud Ventures, DCG & Enspire Capital. Hired initial team March, 2016: Signed up SITA as first public client June, 2016: Began growing number of B2C clients in US and internationally. Clients in financial sector and air travel May, 2017: Began development of enterprise IdP using SAML & OpenID Connect June, 2017: Raised $4M in Series A from prior investors & Storm Ventures, Correlation Ventures, UMC and Danhua Capital August, 2017: Received 1st patent with priority May 2015 date October, 2017: Launch ShoBadge – Enterprise Identity Solution December, 2017: Completed initial implementation of ShoCoin into the ShoCard Platform January, 2018: Introduce complete KYC solution via ShoCard. Received 2nd patent with priority May 2015 date. February, 2018: Begin pre-sale of ShoCoin to institutional investors March, 2018: Announce new client engagements and partnerships April, 2018: Commercialize ShoCoins into the identity management economy at growing scale May, 2018: Begin integration of ShoCoin into client solutions. ICO. April, 2019: Commercialize ShoCoins into the identity management economy at growing scale May, 2019: Aggressively grow client base and user growth[1] | ” |
Team
| name: | title: | links: | group: | photo: | iss: |
|---|---|---|---|---|---|
| Armin Ebrahimi | Founder & CEO | 4 | |||
| Gaurav Khot | Chief Technologist | 3 | |||
| Ali Nazem | VP, Business Development | 3 | |||
| Konstantin Richter | ICO Project Lead & Token Strategist | 19.1 | |||
| Bhavya | Engineering | 3 | |||
| Masashi | Engineering | 3 | |||
| Adam | Engineering | 3 | |||
| Patrick | Engineering | 3 | |||
| Arrian | Engineering | 3 | |||
| Jennifer | Product Manager | 3 | |||
| Swan | Biz Dev | 3 | |||
| Mike | Legal | 3 | |||
| Matt | Marketing | 3 | |||
| Paul | Marketing | 3 | |||
| Mark | Finance | 3 | |||
| Cole | UI/UX | 3 | |||
| Jerry Yang | Advisors | 3 | |||
| Bob Tinker | Advisors | 3 | |||
| Ash Patel | Advisors | 3 | |||
| Amr Awadallah | Advisors | 3 | |||
| Adam Helfgott | Advisors | 7.1 | |||
| Michael McBride | Advisors | 3 | |||
| Naveen Agrawal | Advisors | 3 | |||
| Yury Morozov | Advisors | 3 |
External links
ShoCoin on Twitter
ShoCoin on Telegram
ShoCoin on Facebook
ShoCoin on Medium
ShoCoin on Reddit
ShoCoin on Youtube
ShoCoin Official Website
ShoCoin Whitepaper
