Valid is a decentralized, blockchain based, world’s leading digital identity platform that helps users to control their confidential data including authentication as well as monetization of their personal data.
|ICO Name||Valid ICO|
|Description||Valid is a decentralized, blockchain based, world’s leading digital identity platform that helps users to control their confidential data including authentication as well as monetization of their personal data.|
|Token Platform||ETH (ERC20)|
|Coins Offered||50% of the total token supply|
Valid is a decentralized, blockchain based, world’s leading digital identity platform that helps users to control their confidential data including authentication as well as monetization of their personal data. Although the concept of high-quality data matching for owners and buyers of the data isn’t new but with Valid, things have become even more advanced. The platform brings a solution that eliminates the role of third-party intermediaries for data matching. It is considered to be an open-source platform.
Valid is a blockchain based digital identity matching platform that intends to benefit users and owners of high-quality data by providing them a mechanism through which owners, as well as users of data, can negotiate with each other without having to involve third parties. Users pay for the quality data that helps them in research and development while owners of data get paid for sharing their personal data. The platform also provides a wallet to its users so they can hold their confidential data as well as valid tokens in it.
How Does Valid Work?
The Valid platform works on an advanced ecosystem that allows its users to perform multiple functions such as requisition of data from intermediaries or third parties, verification of data, management and configuration of their wallet, buying services and sharing the data to receive monetary benefits as per their own convenience.
Let’s understand it following a simple example; Suppose Mr. Stuart has a valid wallet. It has Mr. Stuart authenticated peer-to-peer identity data. Using this data, Mr. Stuart can easily conclude smart contracts. The authentication proof is stored on blockchain making it verifiable for everyone that Mr. Stuart’s data is genuine. In addition, there are more ways that Mr. Stuart can get the benefit of valid wallet.
Here is another example; Suppose Mr. Stuart visits a hospital to have a complete blood picture scanning. The results are stored in the valid wallet of Mr. Stuart. Different pharma around the world may consider this data valuable as they use it for research and development purposes. These pharma companies may ask Mr. Stuart to share his data with them and accept a compensation from them against it. Mr. Stuart finds the price reasonably attractive so he willing fully authenticate those pharmas to access his personal data.
Earn Valid Tokens
Investors who wish to earn Valid tokens need to participate in the official launch of the ICO that is expected to take place this month. Investors could have also participated in the pre-sale phase of the ICO to earn Valid tokens but it has already been concluded. Users of the ICO platform can earn Valid tokens by sharing their personal data with other companies on demand.
Buy Valid Tokens With E-Wallet
The platform is based on ERC20 tokens. ERC20 tokens are also known an ethereum. People who wish to buy Valid tokens need to have an e-wallet first since ethereum is stored in electronic wallets. Investors who wish to buy Valid tokens need to wait until the ICO is launched. People can participate in the official launch of the ICO using ethereum, and bitcoins. The platform also accepts payments through USD credit cards. The best thing about the ICO is that users don’t need to go looking for some company to offer e-wallet since the ICO itself provides an in-house built e-wallet to its users so they can store the Valid tokens as well as their personal data in it.
The ICO Distribution
The ICO plans to hold its launching ceremony this month. There will be a total of 1,000,000,000 VLD tokens supply available out of which 50% will be made available for the public to subscribe. The starting price of the Valid token is expected to be 1 VLD = 0.065USD. Ethereum is the supported currency of the ICO.
The ICO plans to distribute its tokens under following proportion.
- 50% of tokens will be made available to the public to subscribe
- 9% of the total tokens are expected to be kept separated to incentivize employees
- 9% of the tokens are expected to be distributed between the founding members of the ICO
- 30% tokens are expected to be distributed to growth fund of the ICO
- 2% tokens are expected to be held to meet ITO Costs
Usually, ICOs do offer bonuses to their early contributors. However, we couldn’t find any information about the bonus offer being made by the ICO. The exact information about the ICOs plan concerning the bonus offer could have been verified from the whitepaper. Unfortunately, the ICO has not published its whitepaper yet. Although it is very unlikely for the ICOs to not offer any bonus to their early investors/contributors, still people should wait until the ICO is launched.
Team Members of Valid ICO
The ICO has following team members;
- Daniel Gasteiger is the Co-Founder and CEO of the Company
- Krzysztof Adam Górski is the Legal Analyst at Valid
- Patrick Graber is the Business Development Head at Valid
- Adithya Pradeep Kumar is the Business Analyst at Valid
- Dominique Kunz is the Community Manager at Valid
- Yves-Alain Petitjean is the Co-Founder and CFO of the company
- Sven Stucki is the Software Engineer at Valid
- Costa Vayenas is the Senior Government Representative and Consultant at Valid
- Giorgio Zinetti is the CTO at Valid
- Lucas Betschart is the advisor to the company
- Thomas Bocek is also an advisor to the company
- Malik El Bay is another advisor to the company
- Michael Guzik is also another advisor to the company
- Eva Kaili is also another advisor to the company
- Ronald Kogens is yet another advisor to the company
After a careful review of the ICO, we hereby, concluded that Valid is going to be a big name in the world of digital identity and data authentication solution provider. Although, we have some reservations concerning the unavailability of the whitepaper of the ICO still we believe it may become available in a while since the ICO is not launched yet. We believe people should try their fate and invest in Valid. We hope the ICO will be a successful venture.