The lifeID Foundation, Revolutionizing Digital Identity with Blockchain-based Identity Protocol, Announces Qualified Investor Token Sale
SEATTLE (PRWEB) September 13, 2018 -- The lifeID Foundation is working relentlessly to bring digital identity into the modern era. For the last 18 months, lifeID has been building an open source, blockchain-based identity protocol and platform to give users control over their digital identities with convenience, security, and privacy.
Today, the lifeID Foundation is officially providing qualified investors with the opportunity to participate in the lifeID Protocol and Platform. This is an opportunity for qualified investors to purchase rights to ID Tokens. ID Tokens will be delivered when the lifeID Identity Protocol is launched on the RChain blockchain, currently targeted for Q1 2019. The proceeds of this sale are allocated to accelerate development and support our marketing strategy, delivering user-controlled digital identity to developers and users worldwide.
The lifeID Identity Protocol will be tokenized with the ID Token. A tokenized protocol, like Bitcoin and Ethereum, has built-in incentive mechanisms that stimulate network effect, pay for the underlying transaction costs of the service, and provide economic incentives for developers to contribute to and use the protocol.
ID Tokens will be the payment mechanism for accessing the lifeID Identity Protocol and ancillary platform features. Additionally, ID Tokens are designed to allow for user governance, so no central authority can take control of the decentralized identity infrastructure. The goal of this open and tokenized design is to create a decentralized public identity infrastructure that anyone in the world can use, free of censorship or centralized control.
“With V 0.1 of our platform release coming up next week, and multiple partnerships secured, this is the perfect time to begin our token sale so we can accelerate development efforts and support our go-to-market strategy,” said Chris Boscolo, the visionary veteran security expert behind lifeID.
The lifeID Foundation and its partners have become leading experts in the self-sovereign identity space, shaping industry standards at the W3C and other digital identity standards bodies. Additionally, lifeID is working to be the self-sovereign identity layer for the RChain blockchain and ecosystem, a scalable blockchain solution that can support the transaction volume lifeID anticipates at scale.
For more information about lifeID and their efforts, visit lifeid.io or follow @lifeid_io on Twitter
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Disclaimer: This press release does not constitute an offer to sell or the solicitation of an offer to purchase the ID tokens or any rights thereto, nor shall there be any offer, solicitation or sale of the ID tokens or any rights thereto in any jurisdiction in which such offer, solicitation or sale would be unlawful. To the extent applicable, the rights to ID tokens have not been and are not expected to be registered under the Securities Act of 1933, as amended (the “Securities Act”), or other applicable state securities laws, and may not be offered or sold in the United States absent registration or pursuant to an exemption from registration requirements of the Securities Act and under applicable state laws.
Certain statements, projections or other estimates herein (including estimates of value, functionality or performance) are forward-looking statements and are based upon certain assumptions, and you should not rely on them as predictions of future events. Other events, including unforeseen circumstances, that were not taken into account may occur and may significantly affect the analysis. Any assumptions should not be construed to be indicative of the actual events that will occur. We undertake no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date hereof.
This press release is for information purposes only and does not guarantee you a right to purchase the ID tokens described above. Any purchases will be subject to the terms and conditions of the definitive agreements governing such purchase.
To participate, visit: https://lifeid.io/IDtoken
Joshua Shane, lifeID, http://lifeid.io, 4152056275, [email protected]
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