Summary
Clears is a redefined version of Know-Your-Customer (KYC). Companies usually use KYC to guarantee the real identity of each customer. However, the present KYC has limitations; the biggest downside comes in the KYC requirements which often results in potential hacking options for malicious individuals. With Clears, KYC is going to be simple, fast and secure.
Clears is defined as a blockchain based platform offering a scalable and personalized KYC process which guarantees the data’s integrity, making it impossible to modify, erase or falsify. It works on a time-stamped protocol and the Ethereum ledger. This protocol makes it easier to keep track of customer and transaction information than tracking it individually. A system that will work to verify and authenticate the data present, in under 30 minutes for processing.
Website: https://clea.rs/
Token symbol: CLRS
Token type: ERC20 (Ethereum platform)
Token price: 1 CLRS = 0.001 ETH
Non-tech whitepaper: https://clea.rs/documents/CLRS_onepager_v111.pdf
Whitepaper: https://clea.rs/documents/clrs-whitepaper-v1.0.8.pdf
Hard cap: 50,000 ETH
Total possible tokens: 86,374,977 CLRS
Token distribution:
Community reserved: 56%
Pre-sale: April 9th to June 21st 05h00 GMT
Public Sale: June 21st to August 14th 05h00 GMT
Token distribution
Token Sale: 56%
Presale: 40% bonus during the first week then 25%
Public Sale: 20% during the first week
Team: 9% vested for 12 months
Company: 9%
Bounty Program: 2%
Bonus Program: 19%
Advisors: 5%
Token distribution timeline
Tokens are expected to be distributed on 1st September 2018.
Roadmap
2017
Company has launched the concept
Released the official Whitepaper
Released Concept Software
Q1 2018:
Completed Staff and Advisory Roster
February 2: they have raised 5,000 Ethereum (Private Sale)
March 2018: Approved and Launched the Marketing Strategy
Q2 2018
April 9: Pre-sale launch
April 16-20: Presented in Alchemist Money Summit and participated a workshop in London Blockchain Expo
May: Released the Alpha Software and KYC Processing has begun
May 1: Company has established first partnership with DASHUB/AXT
May 2: Completed the First Media/Demo kit
May 4: Community event
June: Clears target user base by completing 10,000 KYCs
July 21: Public Sale starts
Q3 2018
Aug 14: Public Sale ends
Aug 2018: Aims to complete 25,000 KYCs
September 1: Beta Launch
September 10: Aims to partner with 10 companies
Q4 2018
Oct 1: Agents onboarding starts marketing around the world
Oct 31: Aims to complete 50,000 KYCs
Dec 1: Aims to establish contact with top 10 cities
Dec 31: CLRS Mobile Apps Launch
Q1 2019
Feb 1: Product Launch & 75,000 KYCs completed
March: 100,000 KYCs completed
Q2 2019: 200,000 KYCs completed
Q4 2019: 500,000 KYCs completed
Product Stage
The company has released an Alpha Software and will launch its Beta on September 2018. Updated product page is available on their website.
Token usage
CLRS is a utility token which will be used by companies to pay for CLEARS services. It secures the profile identities of its users while maintaining data privacy.
Team
Business wise, the team is very experienced highlighting the global investing and advisory track record of the founder. Moreover, the team is a complete package of experts in software development, design, marketing and project strategy.
The advisors are very experienced when it comes to nurturing ICOs and ventures. One of the most important advisors is Joseph Steinbergy, a cyber security thought leader who will help the company implement the guaranteed security feature of the platform.
Opportunities
The project solves the biggest issue of false identities and security
The company has an alpha version of the product already and will release its beta on September 1, this year
The project offers a unique feature that the company can set its own rules when using it
The company has a great community on telegram and is very active on medium,reddit and twitter
It has an existing GitHub
Concerns
Not enough partnerships
There are existing ICOs with the same idea thus there are existing competitors in the industry
The hard cap is quite high
