Clears
Clears
Token: CLRS


Blockchain Identity Clearing

ICO dates
Start date: 2018-04-09
End date: 2018-05-21

Registrated in: Hong Kong, Canada

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HARA

Empowering billions by utilizing a global and transparent data exchange.
Ends in 261 days 19 hours
Goal: 17,000,000 USD
Price: 1 HART = 0.059 USD

Dominium

Dominium Blockchain – The one-stop-platform for everything to do with property anywhere in the world!
Ends in 230 days 19 hours
Goal: 17,500,000 USD
Price: 1 DOM = 0.25 EUR
Clears categories
Business services
Clears whitepaper
Clears token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries USA
Soft cap NO
Hard cap 50,000 ETH
Tokens for sale 48,369,987
Token distribution in ICO
56%
56%
Price 1 CLRS = 0.001 ETH
Minimal investment 1 ETH
Acceppting ETH
Clears news, social
Clears search trends in Google
Random whitepaper excerpts

Contents
Legal Disclaimer……………………………………………………………
3
Abstract…………………………………………………………………….
4
Market Size…………………………………………………………………
4
Problems……………………………………………………………………
5
Pain Points for Organizations
………………………………………….
5
Pain Points for Users.
.…………………………………………………
6
Why KYC is Critical and the Problem Clears Solves…………………….
6
Clears Connect Product Solution…………………………………………
8
Clears Wallet Certification……………………………………………………..
13
KYC Data Cross-Matching………………………………………………..
13
Extended Usage for Bank-Level KYC Compliance…………………….....

Legal Disclaimer
The purpose of this document is to present the Clears project to potential CLRS token holders. The CLRS
token will be issued by the company through a token sale. Further details will be available on
https://clea.rs.
This whitepaper may be outdated and has no contractual value. Its only purpose is to provide information
and explain the project to potential CLRS token holders.
This is not a secure nor a guaranteed investment. This whitepaper is not written in accordance to any law
or jurisdiction protecting future token holders.
Token holders are by no means investors.
Financial forecasts and estimates appearing in this whitepaper constitute forward-looking statements and
are for educational purposes only.
All future token holders must keep in mind that buying or holding ETH, CLRS, or any other cryptocurrency
(or token) presents the possibility of losing 100% of their value over time. Cryptocurrencies are not
insured by any government or bank.
CLRS token is currently no...

Abstract
KYC—or Know Your Customer—is a critical process for all financial
companies dealing with international investors, shareholders and
customers. Clears is a technology based on the Ethereum
blockchain offering a scalable and personalized KYC process. It
aims to expedite the acquisition and delivery of required
information to companies and regulators around the world,
simultaneously improving the user experience by increasing
security of sensitive personal data while lowering the cost.
Today, most companies use proprietary and standardized KYC processes, requesting every new customer
to submit an ID and a document certifying their current address. Only after a successful customer
authentication has occurred are companies allowed to do business with a user. The data being used in a
standard KYC process is often extremely fragmented, and there is no guarantee that the user completing
the KYC is the legitimate ID holder. Additionally, many KYCs processes are unnecessarily complex in t...

Clears aims to be the standard KYC in the rapidly growing ICO market,
expanding to serve all industries that require identity checks and KYC
processing. We are confident that users will specifically request that
Clears processes their KYCs due to its convenience and enhanced
security.
Problems
KYC costs and delays are notorious for crippling the crypto industry. The cost of providing such a service
for 20,000 customers starts at ~$800K. During an ICO, when time is of the essence, ICO participants can
be frustrated by the time it takes for the traditional KYC process to be completed. Even minor setbacks can
prevent a user from purchasing tokens before the price goes up or cause them to miss the token sale
altogether.
Players in the cryptocurrency market understand the importance of a legitimate KYC process. Because
new regulation could change at any moment, the industry is cautious and needs a KYC process that is:
• Customizable, giving companies the ability to define what information to...

Pain Points for Users
For users the primary concerns are convenience and security. Considering the extreme market fluctuations
commonplace in cryptocurrency, time is of the essence. Users want to be able to buy or sell instantly.
Delays in the KYC process can cause both fear and frustration. Users may be required to submit redundant
documentation in order to create new accounts on different sites. Both the security of a user’s sensitive
personal documents and the security of the wallet itself can be called into question. Exchanges and ICOs
websites are rarely based into the same country as the user and sending into valuable personal data,
without adequate proof of security can leave a user vulnerable to identity theft. Recently, Japan’s
Coincheck’s database was hacked resulting in the loss of some us
2
er’s wallets, highlighting the question of
overall security in the crypto space.
Why KYC is Critical and the Problem Clears Solves
Clears product solution has been designed to speci...

The Clears process is certified and audited by several independent organizations. If a KYC is audited,
Clears takes responsibility for working with the authorities. Companies can rely on Clears to pass any
audit regarding the KYC process. If needed, Clears’ worldwide network of attorneys and auditors can be
leveraged to prove the integrity of a KYC completed with Clears.
For auditors, Clears is a simple and predicable access point when information
needs to be checked. The Clears process is certified and audited by several
independent organizations, ensuring the process is reliable from start to finish.
Clears offers a KYC solution that is:
• Fast: no longer than 30 minutes after the documents are submitted; when a
user has already completed a KYC with Clears, the process is instant
• Convenient: once a user completes a KYC, the data remains valid for
additional KYCs
• Cost-effective: by using the same data repeatedly, the average cost of a
KYC decreases substantially
• Le...

Clears Connect Product Solution
Clears can be seen as an escrow for personal data based on the blockchain. Clears will use top-tier
processes for identity verification and background checks. It will leverage the power of a decentralized
blockchain to simplify and reduce the cost of a traditional KYC process.
For every new user signing up to Clears, Clears creates a unique, unalterable blockchain ID, known as a
Clears ID. This ID will be used to identify each user during all KYC processes they will ever be required to
complete.
Using private and highly-secure databases, including Anti Money Laundering - AML databases, Clears will
then perform a complete background check for every new user. Registrations and KYCs are always free for
the user.
Clears will then be able to provide the following for every user:
A thorough identity check and proof that the KYC has been completed, with Clears
acting as a third party
The ability for any company doing a KYC to validate their data by comparing it with...

For users, Clears provides peace of mind by limiting access to their private data by third parties.
From an organizational standpoint, Clears provides a quick and easy solution to gathering and storing
sensitive data.
KYCs can be used for a variety of purposes. For example, Jane is a Canadian resident who wants to invest
in the ABC Company’s ICO. To invest, she must complete a KYC, managed by Clears.
Jane clicks on the “Clears CONNECT” button on ABC Company’s website to do the KYC procedure.
• First, Clears asks Jane for her email or a CLEAR ID. Assuming she doesn’t have an ID; Clears
creates the ID
0xdceed1e982adcf0f57501b34dcfc36d6fcbfe8a4
for her. This hash is hosted on
the Ethereum blockchain and can be checked on etherscan.io. For example, here is a real KYC ID:
https://etherscan.io/address/0xdceed1e982adcf0f57501b34dcfc36d6fcbfe8a4.
• The row at the bottom is the smart contract creation, when Clears attributed this ID specifically to
Jane. The middle row reveals the da...

Clears Roadmap

1
February 22nd
Private sale starts
2
April 9th
Pre-sale starts
3
May 21st
Public sale starts
4
July 9th
Public sale ends
5
September 1st
Beta launch with 10 companies partners
6
October 1st
Agents onboarding starts with marketing around the world
7
Q4
CLRS mobile apps launch
8
December 1st
10 cities available around the world (New York, San Francisco, Miami, Montreal, Toronto, Vancouver, Paris, London, Barcelona) for agent based document verification
9
February 1st
Product launch
10
End of 2019
All major cities (> 1M people) covered by agent verification