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Sofia, Bulgaria, June 28th, 2019: Niquid Tech today announced the release of a new version of TokenGen, the company’s proprietary ICO automation tool. The new update features a re-structure of the pricing model, more specifically, a free basic plan. Previously, the company added a KYC solution by integrating TokenGen to work with the Civic decentralized identity ecosystem, available to projects using the Whitelistable Fundraiser feature.
The main goal of the past few updates is to expose the lucrative ICO fundraising model to more individuals and companies as well as meeting the know-your-customer demands of modern token generation events. Additionally, TokenGen has also [partnered up with Bounty0x, as a way of providing a bounty program solution to its users.
“The Fabric Token project is working to remove barriers to blockchain development and for most people interested in the industry at the moment, a lack of user-friendly interfaces is the biggest hurdle,” said Doncho Karaivanov, Co-Founder of Niquid Tech and the Fabric Token platform, of which TokenGen is an integral part. “We admire Civic for disrupting the standard identity storage model and are extremely excited to have integrated our ecosystem with their platform, providing a long-requested KYC solution to TokenGen.”
This partnership supports Civic’s commitment to giving back people and businesses control and protection of their identities. While anonymity is a big part of the concept of cryptocurrency, all truly serious ICO projects gather investor data through a KYC process, in order to remove the probability of future problems with government authorities.
“We are pleased to welcome Niquid Tech to Civic’s partner network. This collaboration marks another milestone for Civic’s ecosystem and for on-demand, secure, and low-cost access to identity verification services,” said Civic CEO, Vinny Lingham.
The integration with Civic also comes with a KYC control panel, seamlessly integrated with the whitelist contract for an easier whitelisting/blacklisting of fundraiser participants. A table displays all KYC entries and shows whether they were verified by Civic. The table also shows the country of the person, making it easy for projects to filter participants based on their policies.
The new TokenGen fremium model comes with full access to all UI features i.e. one-click deployments, automatic landing page, limitless builds, and provides basic ERC20 token and crowdsale contracts. The more advanced smart contract features will still add cost to each project.
Despite the obvious downtrend, ICOs are still well alive. That being said, the average amount of funds raised has become much more realistic compared to the absurdity of 2017. TokenGen is meeting this stabilizing demand for ICOs and as a result, the entire blockchain ecosystem can be advanced as better and more dashing projects appear on the scene.
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