[ANN][CROWDSALE] Global Credit Profile - Pave: A Decentralized Credit Bureau

[Pave]

so, in the case of gcp, whom the lenders are going to trust - people or data providers?

This is the core of our product - they will have possibility to trust both. The reason for that is that user profiles will be constructed by users and data providers together, thus allowing users to affect lenders’ decision for the first time in the history of crediting

[mister_john]

Can I reserve Finnish translation for your future tokens

[FinnishSaunasSoHot]

peple from nigeria can take part??

[Pave]

Can I reserve Finnish translation for your future tokens

Yes, sure, we’ll reach everything is sorted out

[Pave]

peple from nigeria can take part??

We don’t see any obstacles for that

[Pave]

What growth of the token do you anticipate?

On exchanges, it’s really hard to make such predictions, especially, that long before issuing of the token, we’ll conduct our own estimates and let you know, so, do subscribe to our newsletter

[Canananada]

Any articles about your crowdsale in the media?

[CapacabanaBitch]

So, Americans can’t take part in the pre-sale, what about the ICO itself?

[Pave]

Any articles about your crowdsale in the media?

Scroll down to the bottom of our web page: gcp.pave.com and see the most notable mentions of us in the media

[Pave]

Do you pay for transaltion?

Only in GCAT (our tokens) after all the tokens are issued and allocated among the pre-sale investors, bonus investors, ordinary investors and bounty hunters

[Pave]

Love it

We love it too

[Pave]

So, Americans can’t take part in the pre-sale, what about the ICO itself?

During the ICO, after all the legal paperwork is done and all the issues are settled, there will be opportunity for Americans to participate

[CrouissanePliz]

Okay, you will validate the submitted data yourselves, but how? It’ll take a whole load of time, won’t it?

[koksmaster]

How many stakes do I receive per each social media activity?

[Pave]

BTC, ETH, BCC and LTC

[Pave]

Okay, you will validate the submitted data yourselves, but how? It’ll take a whole load of time, won’t it?

In the U.S., to obtain credit card and bank data, Pave will go through OFX (Open Financial Exchange – the specification allowing the online exchange of data between financial institutions and consumers) from financial providers that support it. For companies that do not, Pave will utilize user’s login credentials and scrape the data. Pave plans to use smart contracts to integrate with third party financial institutions whom have application programming interfaces (“APIs”).
 In countries of the European Union, all financial data will be obtained through APIs. Financial Institutions in the EU will be required to share their data through APIs starting in 2018 thanks to the European Commission’s Payment Service Directive (PSD2).

[deddy-woman]

Thank you for that explanation on your data validation practices, but what about other regions? Not US or EU.

[RafaNadalTheBest]

So, what's the purpose of having your token?

[koksmaster]

Shit, makes sense. Hahah

[Pave]

Thank you for that explanation on your data validation practices, but what about other regions? Not US or EU.

In other financial systems, or for institutions not yet supported, Pave will allow data providers to write their own integrations into the GCP. This puts the onus of trusting the data provider, and thus, the data itself, on the data consumer. Initially, Pave will certify that a data provider is legitimate before allowing it on the system