4NEW To Implement Ocular KYC solution before completing Crowdfunding Sale

London, England. 4NEW announced today that it will pause the current fundraising efforts on March 27, three days earlier than planned in order to allow the team to complete implementation of their KYC/Anti- Money Laundering (AML) compliance solution from technology partner, Ocular.

The team announced that once the KYC compliance is completed; the sale will re-open to allow investors the final opportunity to participate in the ICO before the next phase of the project; listing on exchanges.

Saransh Sharma, President of 4NEW, explained:

We have seen great traction throughout the ICO and we have received investments from not only the crypto investment community, but commitments from some major players in the tech industry via their private investment groups. By ending the sale early, we are providing the team with additional time and focus to implement Oculars advanced solution, which will protect both existing and new investors, providing a level of security that is imperative in todays market.

Ocular integrates traditional name and personal data background checks with state-of-the-art identity verification mechanisms such as facial and voice recognition. This safeguards against ID theft, false registrations, Sybil attacks and other attacks which compromise and circumvent compliance.

Sharma added:

We felt that we would sooner complete implementation of Ocular and then re-open the sale for a pre-listing event than wait until after the ICO; we see this solution as a great protection to all of our investors and thus placed a priority on it.

4NEWs unique, waste-to-energy power generation solution will launch operations in late summer this year as the worlds first eco-friendly, tangible, waste to energy power plant entirely integrated on the blockchain network and dedicated to crypto-mining. 4NEW will collect waste, process it through a high pressured combustion chamber generating free energy and organic byproducts. This free energy is then applied to an onsite crypto-mining farm resolving the Achilles heel of cryptocurrencies; voracious energy consumption met with free energy production.

The 4NEW ICO will pause starting March 27 and resume in the coming weeks, following a complete integration with Oculars Anti- Money Laundering (AML) compliance platform that provides instant verification of a customer`s background (KYC). 4NEWs ICO will re-open for a three-day pre-listing sale, the dates for which will be announced via the companys community channels, website, and portal.

Images courtesy of 4NEW

The content of this article was provided by the company referenced. Bitcoinist does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company.

23.03.2018 / 08:45 145
7 Days Until Intimate Token Pre-Sale Ends 7 Days Until Intimate Token Pre-Sale
Pioneers in Adult Industry use blockchain technology to provide financial services that other sectors take for granted. LONDON WEDNESDAY 21 MARCH
FundFantasy Offers a 50% Bonus to Crypto-Community for 48 Hours, as the Market Makes Efforts To Recover FundFantasy Offers a 50% Bonus to
London, March 20th, 2018 Due to the recent market fluctuation, FundFantasy is offering the crypto community a 50% good-faith bonus on their FUNDZ
Working Business-Backed GIFcoin ICO Is Live  Join the Revolution & Earn Impressive ROIs! Working Business-Backed GIFcoin ICO
After a successful, sold-out private sale, the 1st phase of GIFcoins ICO started on March 16, 2018. The token sale brings a massive opportunity for
CryptoHawk ICO: Revolutionizing for A Better Future CryptoHawk ICO: Revolutionizing for A
CryptoHawk is an emerging platform which is all set to bring in a revolution to the world of cryptocurrencies. The company has announced to offer an
EQUI Raises $7 Million in Only a Few Days of Pre-Sale to Fund Its Mission to Radically Redesign Venture Capital EQUI Raises $7 Million in Only a Few
EQUI will be a cryptocurrency-powered investment platform underpinned by secure blockchain technology with an experienced founding team. London, 6th
Chile Adopts Blockchain Technology For National Energy Grid Chile Adopts Blockchain Technology For
Chilean energy grid to adopt blockchain, security cited as the reason for the development. The Chilean energy regulatory agency, the Comision
Comments (0)
Add a comment
Comment on