Sekuritance, the team behind a suite of RegTech & RiskTech traditional/DeFi solutions and partner marketplace, has announced today that they will collaborate with TrustSwap to aid in the execution of their token offering on May 8th, 2021 at 9:00 AM PST.
The cryptocurrency economy has taken the world by storm and it is here to stay. Just like traditional finance, the risk of fraud, misuse, abuse also exist in the crypto space. Due to the decentralized and semi-anonymous nature of blockchain, these factors can be compounded resulting in hesitation of adoption by financial regulators and banking institutions. While there may not yet be a bulletproof solution, there are ways to mitigate risk and potential losses and blacklisting.
Most people who are active in the DeFi space are also using some form of traditional banking service (credit cards, bank accounts, mortgage/insurance payments, retail commerce, etc.). When crypto proceeds start moving between these realms, the banks and regulators want to know where the money came from, whether it has been declared or taxed effectively, whether it has passed through unauthorized darknet services, and so many more questions needing specific answers. In the event that any of the above questions result negatively, the traditional finance ecosystem is most likely to reject the onboarding or the use of those proceeds to pass through their networks.
The Sekuritance RegTech Suite addresses this by making available specific services and modules to address the various regulatory and compliance requirements.
Sekuritance recognizes that there are many jurisdictional challenges in the RegTech niche so, rather than competing with other software-as-a-service providers in the RegTech industry, they are invited to make their API offerings available also through the Sekuritance Partner Marketplace so that merchants and individuals around the world can enjoy an All-In-One RegTech Gateway.
The Sekuritance Ecosystem
The Sekuritance ecosystem is comprised of 8 main products:
1. Sekur.Vault (Data Tokenisation Vault)
The Sekur.Vault is a unique omni-vault, audited to the highest level of industry security standards and tweaked to not only store what is commonly-referred-to as “Rubbish In, Rubbish Out” but to add value to the output upon retrieval by cross-consumption of the other Sekuritance modules such as BIN checks, KYC checks, AML checks and more. Its robust and simple to use API set and Dedicated User Interface allows the secure storage of: Card Data (Debit, Credit, Alternate); Crypto Wallet Private & Public Keys; Sensitive Personal Data; Confidential Corporate Data; KYC, KYB Related Data; Transaction Data for BI and AI and more.
2. Sekur.MFA (Multi-Factor Authentication)
This omni-auth module caters primarily to 3D Secure services for the traditional card payment industry. Development has also started on an on-chain decentralized identity management and claiming process. Our own unique acquirer-agnostic 3D Solution allows merchants to validate and process 3D checks (both version 1 and 2) before taking payment.
3. Sekur.Connect (RegTech Marketplace)
The Sekuritance RegTech SekurSuite Platform is a powerful toolkit on its own but trying to stay ahead of all the global jurisdictions, updates to regulations and policies, AML guidelines, etc. is a mammoth task. So, rather than try to outsmart all the other valuable and recognized players in the industry, Sekuritance is creating a RegTech marketplace where software-as-a-service providers and developers can showcase their solutions and participate in the SKRT token economy.
The Sekur.Alert functionality connects to specialized datasets to help keep our customers safe and help them ensure that they are doing business with wallets and identities of good standing. To help us grow this dataset, the crypto community is invited to report any fraudulent activity to Sekuritance so that the whole community can be better protected. Every new unique and verified report gets to participate in the SKRT Loyalty and Reward program.
KYC, KYB, KYT, AML, Sanction Screening, and other rule engine applications are all available on the Sekuritance platform. Businesses and institutions can use these tools to identify who customers are and their eligibility for specific product offerings. They can use the Sekuritance RegTech Platform to get Transaction and IP “Risk Scores” and sub-scores as well as other data in order to prevent fraud and abuse.
Anonymity of cryptocurrencies is a myth. Very few mixing services can outwit modern de-anonymization technologies for Bitcoin tracking and other cryptocurrency alternatives. No one has a clear understanding of how fast the RegTech niche will be evolving but one thing beyond question — regulation of the cryptocurrency space will tighten and we all will have to accept the new rules and play by them.
Sekuritance strives to become one of the leading vendors of RegTech solutions for the crypto and fiat industry and we believe that the openness of financial data on blockchains will be a driver for regulatory institutions to reinforce control. With a powerful blockchain analytics toolset like Sekuritance, regulatory bodies could end money laundering and make financial reporting easy and transparent.
The Sekuritance Sekur.Certify Blockchain Wallet Verification service allows for a user to claim controlling power certification on a particular wallet once a number of actions would have been performed, KYC & AML checks confirmed and crypto investigation on the wallet completed.
For more information about Sekuritance, please visit https://www.sekuritance.com
TrustSwap’s vision to promote the adoption of decentralized finance goes hand-in-hand with that of Sekuritance. Over the past four years, Sekuritance’s well-known founding team members have all owned and operated companies including other token networks, advisory companies, and blockchain development firms in the cryptocurrency space. Their financial applications never compromise on security and are among the safest options available for companies and individuals to participate in Decentralized Finance.
Sekuritance Token Offering Details
The Sekuritance Token Offering will be executed by leveraging the TrustSwap Launchpad. Upon the successful conclusion of the offering, a Uniswap pool will be created on 13th May, 2021, and trading can commence for use of $SKRT in the Sekuritance network. Alongside the offering, Sekuritance will be showcasing a preview of its RegTech Suite and Partner Platform.
TrustSwap technology utilizes simple and secure peer-to-peer transactions via TrustSwap SmartLaunch™ which ensures that Sekuritance and its community can transact securely and without the fear of participants or team members negatively impacting the markets following the public offering. TrustSwap’s Time-based SmartLock™ ensures a methodical distribution to mitigate the risk of unauthorized token transfers.
Sekuritance will use TrustSwap SmartLocks for:
- Team token vesting
- Token holder vesting
- Liquidity locks
Secure Launch Process
To ensure a smooth launch, Sekuritance has already:
1) secured the website with SSL certificates
2) Had the domain protected by Cloudflare and implemented secure VPNs to be conformant to best practice Guidelines
3) Performed penetration testing and PCI ASV Scanning
1) Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
2) Authorize the addition of no less than $200,000 of ETH liquidity on Uniswap immediately upon listing.
3) Distribute tokens to launchpad participants within one hour of Uniswap listing using Multisender according to the schedule.
4) Provide the timeline for token distributions and distribute tokens within one hour of the agreed upon time.
5) Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on Uniswap.
Participation and Allocation
Anyone, including those outside the TrustSwap ecosystem, are eligible to apply for participation in the $SKRT token offering granted they meet jurisdictional restrictions; however application does not guarantee an allocation.
If the $SKRT token offering becomes over-subscribed (due to pledges exceeding the $2.461M hard cap), priority allocations will be given to the TrustSwap community as follows:
To check your SwapScore, ranking, and other staking stats, login to the TrustSwap Dashboard.
NOTE: An active stake as of 9 am PST of 8th May, 2021 is required to be eligible for an allocation based on “Staked Swap” tiers.
Axion Launch Promotion Bonus
As part of a special cross-promotion for the $SKRT Launch, members of the Axion community can get a bonus allocation and additional airdrop of $SKRT when staking $AXN tokens for the maximum length of 5555 days. To take part in this promotion you will need a 5555 day “Max Stake” of AXN from the same address that is staking your $SWAP.
For all the details of the Axion $SKRT Launch promotion, click here.
1. On May 8th, 2021 between 9:00 AM and 9:00 PM PST, head to http://launchpad.trustswap.org/.
2. Go through the steps listed and upload your KYC documents.
3. Have the following documents handy as you will be asked for them:
- Proof of identity (Passport, Drivers License, or Government-issued ID card) including clear, complete photos of both the front and back of the ID card (or both the front cover and photo page of the Passport).
- Selfie with the proof of identity document and a note reading “Sekuritance IEO May 2021”
4. After twelve hours, the portal will close. There will be a waiting period of up to 48 hours as the Sekuritance team finalizes internal processes.
5. Approved participants will be contacted via the TrustSwap’s Dashboard Messaging System with payment instructions. Log in with your registered wallet to see your messages.
6. $SKRT will be live on both Gate.io & Uniswap on May 13th.
If your application is successful, you will receive an email indicating how much you are able to contribute to the token offering. You will have 24 hours to send the funds.
0.5% of $SKRT’s total supply will be airdropped to the Top 1000 SwapScores (snapshot taken at 9 am PST, May 8th) in two batches: 50% will be airdropped on June 20th with the remaining 50% sent out on July 20th. For more information on the TrustSwap SwapScore score, click here.
Another 1% of the total supply will be placed into a SKRT/SWAP Farming Pool on the Dashboard, and 2.5% will go to the TrustSwap Foundation Fund.
What Should I Do to Prepare for the Offering?
2. Submit your details and documents at any point during the 12 hours window at https://launchpad.trustswap.org/.
Where Can I Learn More About Sekuritance?
- Website: https://www.sekuritance.com
- Sekuritance APIs: https://sekuritance.readme.io/
- Medium: https://medium.com/@sekuritance
- Pitch Deck: http://link.sekuritance.com/whitepaper
- Telegram Announcements: https://t.me/sekuritance
- Telegram Community: https://t.me/sekuritance_SKRT
- Twitter: https://twitter.com/sekuritance
Who Can Participate?
Anyone not domiciled in the USA or UN sanctioned countries can participate in the Sekuritance token sale.
*The eligible countries list is selected by Sekuritance . If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.
** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Sekuritance is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.