Bitcoin and Ethereum might dominate headlines, but nimble players like Blockpass (PASS) are quietly driving transformative change in digital identity verification. Operating on the Ethereum platform, Blockpass aims to solve one of the most pressing issues in the current digital landscape—secure and efficient KYC (Know Your Customer) processes. With a total supply of 1 billion tokens, Blockpass leverages its native token PASS to incentivize users and merchants, providing significant discounts and improving onboarding experiences. As regulatory needs tighten, Blockpass is not just keeping up but leading the charge towards a more verified, secure, and interconnected blockchain ecosystem. Discover how Blockpass is redefining digital identity verification.

What is Blockpass?

Blockpass (PASS) is a cryptocurrency that operates on the Ethereum platform. It is designed to facilitate digital identity verification, making KYC processes more secure and efficient. The current supply of Blockpass tokens is 1 billion, with none in circulation at the moment. The last known price of Blockpass was $0.001233 USD, showing no change over the last 24 hours. It is currently trading on seven active markets, although no trading volume has been recorded in the past 24 hours. More information can be found on their official website.

Market Data Overview

Coin Statistics:

• Current Price: $0.0012
• Market Cap: $0.00
• 24h Price Change: 0.00%
• 7d Price Change: 0.00%
• 30d Price Change: 0.00%
• 24h High: $0.0012
• 24h Low: $0.0012
• All-Time High: $0.0280 (2019-09-26)
• All-Time Low: $0.0002 (2023-08-27)
• Circulating Supply: 0.00
• Total Supply: 1,000,000,000.00

Purpose and Utility of the Blockpass Token

Solving Key Challenges

The Blockpass crypto token, known as PASS, serves as a utility token designed to facilitate access to the Blockpass ecosystem of regulated entities. The primary purpose of the PASS token is to provide a gateway into the Blockpass ecosystem, which includes various entities such as merchants, users, and identity verifiers. By using the PASS token, users can access regulated services in a secure and efficient manner while also protecting their data.

Incentivizing Ecosystem Growth

The PASS token addresses the challenge of reaching critical mass in the Blockpass ecosystem. By incentivizing users to join the platform and complete KYC verification, the number of already-verified users increases. This, in turn, makes the platform more attractive to merchants, who are looking for large numbers of pre-verified potential customers. The PASS token also offers discounts to merchants for onboarding new users, further encouraging their participation in the ecosystem.

Reward Mechanisms

In addition to its role as a utility token, the PASS token can also be used as a reward for users who verify their identity, providing an incentive for identity verifiers to participate in the verification process. The token is tradable on various exchanges, including Cryptopia, Gatecoin, Lykke, and HitBTC, and Blockpass is working on expanding its listing to more exchanges.

Unique Features

One unique feature of PASS is its use in Blockpass's liquidity mining program, which was launched in partnership with Uniswap to ensure liquidity for PASS users. This partnership allows PASS to facilitate DeFi apps for developers, traders, liquidity providers, and others, with a particular focus on liquidity.

Another distinctive aspect of PASS is its role in Blockpass's Token Distribution Event, which required participants to download the Blockpass app and complete the KYC process before trading their PASS tokens. This requirement helped populate the Blockpass ecosystem with people who have already undergone the KYC process, making the platform more attractive to future merchants and potential customers.

Tokenomics and Distribution Model

Total Supply and Initial Distribution

The Blockpass crypto token, known as PASS, is based on the ERC20 standard and has a total supply of 1 billion tokens, with 250 million PASS tokens available for purchase during its Token Distribution Event (TDE). The purpose of the PASS token is to provide utility within the Blockpass ecosystem, enabling users to participate in the system, access services, and receive discounts on the KYC process.

Token Distribution Event

The TDE for Blockpass ran from May 31, 2018, to November 30, 2018, through exclusive distributors listed on the Blockpass Token site. After the TDE, PASS tokens were listed on Lykke, HitBTC, and Gatecoin exchanges.

Distribution Mechanisms

Tokens are distributed through token sales, airdrops, and partnerships. Blockpass regularly burns a portion of the tokens to maintain a balance in the ecosystem. However, the current number of tokens in circulation and any maximum supply cap are not explicitly mentioned in the provided sources.

Inflation Control

To control inflation, Blockpass has implemented a vesting schedule that ensures long-term commitment from the team and advisors by defining when and how allocated tokens become available for sale, often after a 'cliff' period, followed by gradual release. However, the source does not mention any specific mechanisms in place, such as token burning or staking rewards, to control inflation within the Blockpass ecosystem.

The Team Behind Blockpass

Core Team Members

1. Adam Vaziri (CEO)

2. Adam Vaziri is a seasoned regulatory and compliance expert with extensive experience in the blockchain and cryptocurrency space. He has been involved in various blockchain projects and has served as a consultant to numerous companies in the industry. Before founding Blockpass, Adam was the CEO of Diacle, a blockchain consultancy firm, and the President of the UK Digital Currency Association. He holds a law degree from the University of Warwick and is a qualified solicitor in England and Wales.

3. Hans Lombardo (CMO)

4. Hans Lombardo is a marketing and business development professional with a strong background in the blockchain and cryptocurrency industry. He has been involved in various blockchain projects and has served as a consultant to numerous companies in the industry. Before joining Blockpass, Hans was the CMO of QTUM, a blockchain platform, and the founder of Coinscrum, a leading blockchain community in London. He holds a degree in Computer Science from the University of Western Australia.

5. Dr. Philip Stiles (CTO)

6. Dr. Philip Stiles is a technology and innovation expert with extensive experience in the blockchain and cryptocurrency space. He has been involved in various blockchain projects and has served as a consultant to numerous companies in the industry. Before joining Blockpass, Philip was the CTO of Diacle, a blockchain consultancy firm, and the founder of BlockPool, a blockchain development company. He holds a PhD in Computer Science from the University of Southampton.

7. Karen McBride (COO)

8. Karen McBride is an operations expert with a strong background in managing large-scale projects and teams. She has extensive experience in the blockchain and technology sectors, having worked with various startups and established companies to streamline