HONG KONG, Feb 18, 2021 - (ACN Newswire) - Today the Blockpass Foundation is excited to introduce a new initiative,
developed based on customer feedback and requests, designed to improve liquidity for $PASS users. At Blockpass our main
goal is the provision of faster, simpler and more efficient KYC and AML services, taking the pain out of regulatory
compliance, but we also aim to provide as engaging and rewarding experience as possible around this mission. In order
for us to be happy with the service and options provided by Blockpass, our users have to be happy.
As such, we have listened to the feedback and questions of our excellent community members and, as a result, have
decided to promote development of solutions to facilitate liquidity mining for $PASS. As part of this initiative, we
intend to prepare a liquidity mining campaign based on the input and suggestions of the community - those users and
advocates of Blockpass who have been discussing such options on the Blockpass telegram and twitter channels, or who have
e-mailed in feedback and suggestions.
The starting point for all of this is the development of a number of liquidity tools. To facilitate these, the Blockpass
Foundation is announcing the provision of a grant for developers to build those tools. Any developer with experience can
apply here ( https://forms.gle/7JyQ7H6cLaQQY7uM9 ). Payment for developers will be in $PASS, the magnitude of which will be given over to the community to agree on.
Voting and feedback requests from the community will be carried out via the Blockpass Telegram Channel. Please note that
the Github usernames and proposals by developers will be shared with the community in order to facilitate this process.
The ultimate decision of this endeavour will be down to the Blockpass Foundation who will approve any grants.
The purpose of the Liquidity Mining program, which will focus on the existing Liquidity Pool on Uniswap for the price
pair USDT/PASS, will be to add liquidity to that pool. The overarching method for this will be collecting liquidity
mining 'receipts' (liquidity tokens) and staking those 'receipts' in return for $PASS. The precise percentage of $PASS
to be made available to stakers in the system, as with the developer rewards, will be determined in conjunction with the
community, based on their feedback. In addition Enterprise customers of Blockpass who are using its Identity
Verification system will benefit from a 10% credit on services whilst staking $PASS. Note that $PASS has a token
activation requirement, so staking is only permitted with users who have activated their tokens.
"We really value the dedication, engagement and insight of our discerning user base," said Adam Vaziri, CEO of
Blockpass. "This new initiative is as a direct result of questions and requests which have been made by the community
over the past couple of weeks. We really do read and take on board all feedback in an effort to provide the best
possible services and experiences, to merchants and end-users alike. We'd like to thank all of those who have
contributed to this development through their passion and suggestions. We hope this is a positive step for users and
that they will continue to engage with us through any channels."
Blockpass has grown significantly in size and use since its inception, both in the number and range of users and
organizations it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity
protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be
regulatory compliant and the recent integrations have led to a surge in interest for Blockpass' On-chain KYC(TM)
solution which promises to change the way blockchains enable compliance.
With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification
method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a
better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.
About Blockpass
Blockpass, the pioneer of On-chain KYC(TM), is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you
get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration
necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses
to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML
ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through
Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any
service instantly. By integrating with Chainlink Network - a decentralized oracle solution - in early January, Blockpass
introduced the first On-chain KYC(TM) solution that will service many blockchains in the years to come.
For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Email: sales@blockpass.org