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BlockPass (PASS)

We take a value-based approach to the analysis of the BlockPass Token (PASS). Is it a good investment and when should you purchase it?

Blockpass offers "KYC-as-a-Service", a unique reusable Digital IDentity (DID) to solve user verification necessary in many regulatory, government and business environments.

How the Blockpass (PASS) Works:

Blockpass provides a streamline Know Your Customer (KYC) and Anti-Money Laundering (AML) verification to third parties. Blockpass offers identification verification for both individuals and businesses.

How the Blockpass (PASS) Token is Used:

PASS tokens are used both as discount vouchers for merchants and rewards in Blockpass Proof of Verification Rewards protocol. These tokens are also available on select exchanges.

Investment Analysis:

There are many ways to determine the valuation of cryptocurrency and most often it's marketing trading price is not an accurate reflection. For our investment analysis, we take a view of the long-term market demand these projects are involved in as we tend to take a long-term view of cryptocurrency investing.

Token Demand

The Blockpass token is exchanges for Blockpass IDN.  The role of Blockpass IDN is to sell the tokens to Official Distributors, who then resell PASS tokens to their customers. All distributions of PASS tokens occur from distributors to users. PASS tokens provide utility in two ways, as discount vouchers for merchants, and rewards in Blockpass’ Proof of Verification Rewards protocol. Using PASS as payment, merchants are eligible to receive up to a 50% discount on KYC Connect services.

Market Price

At the time of writing this token is ranked #1,469 (market capitalization), trading price of $0.001, all-time high of $0.08 and all-time low of $0.005 and a 24 hour volume of only $2,400.

Market, Demand & Growth

From September 2019, the price of this token has continually dropped to it's near lowest levels of $0.005. With near all-time low and a clear increase in demand in the upcoming years for this type of service this looks to be highly undervalued (primarily due to the very low volume).  

Management, Team & Governance:

The project is lead by Adam Vaziri, supported by strong marketing team, development and advisory team. The project is partnered with many well known large organisations including BitFinex, Waves and IDEX.

Technology & Offering

In this use-case the blockchain is used to store and verify personal identity with the transaction currency being a PASS token. Although this is not a revolutionary use of blockchain, this technology perfectly filfills this need.  

How to Buy The BlockPass Token (PASS)

At the time of writing, this token is only available on two exchanges, HitBTC and Bitfinex.

Wallets & Hardware Storage:

This coin is not currently supported by any hardware wallets.

Overall Investment Assessment

There is a clear need and demand for identity verification and this is easily seen with the adoption of such technology within the cryptocurrency space, especially exchanges. As we continue to move to a more global world, identification, KYC and verification will certainly be in demand. Blockpass has a solid team and already agreements with many major players in the market and continuing to grow their offering and customer base.

As the demand and need for personal identification and verification grows, there will be clear leaders in this industry, however it's still too soon to tell however Blockpass is certainly a contender.

Should I buy the BlockPass Token (PASS)?

It's necessary to state we don't encourage nor discourage the purchase of any cryptocurrency and when making an investment choice its important for all individuals to do your own research. Cryptocurrencies are highly volatile, unregulated and have the potential to go to zero. As the cryptocurrency adage goes, "don't invest what you can't afford to loose".

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The information in this report has been independently sourced and even though the best attempts to report accurately, we do not provide assurances on this information. This report is provided "as is" and it is up to the reader to do their own due diligence and research. Altcoin Investor is not associated or affiliated with any organisation and the opinions are strictly that of the author. This information should not be relied nor is it to be treated as financial advice.