VALID
VALID
Token: VLD


Your Data Your Asset.

ICO dates
Start date: 2018-02-24
End date: 2018-03-17

Registrated in: Switzerland

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HARA

Empowering billions by utilizing a global and transparent data exchange.
Ends in 147 days 13 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 116 days 13 hours
Goal: 17,500,000 USD
Price: 1 DOM = 0.25 EUR
https://valid.global Screenshot
VALID categories
Big Data Communication Cryptocurrency Platform Smart Contract
VALID whitepaper
Video
VALID token sale
KYC passing required Yes | Whitelist No | Restriction for countries USA
Soft cap 2,000,000 USD
Hard cap 25,000,000 USD
Tokens for sale 1,000,000,000
Token distribution in ICO
50%
50%
Sold tokens 500,000,000
Price 1 VLD = 0.065 USD
Acceppting ETH, BTC, USD
VALID news, social
VALID search trends in Google
Random whitepaper excerpts

IMPORTANT INFORMATION
1.1 PROCIVIS
This Whitepaper is provided by Procivis AG for informational purposes only. Nothing in this
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Data consumers
Demographic data
eID+
ITO
Procivis AG
Psychographic data
Self-sovereignty
User
VALID
VALID Foundation
VALID marketplace
VALID token
VALID wallet
GLOSSARY
Entities receiving and using data sets. In the context of VALID, this
would typically be companies conducting research, surveys or digital
advertising campaigns.
Socio-economic data such as age, income, education and employment,
which represent specific geographic locations for a specific time
period.
Procivis’ digital identity platform, which allows governments to
deliver online services to their citizens and residents via secure and
government-attested identity data.
Initial Token Offering of VALID tokens by Procivis AG.
A digital identity and e-government services provider founded in
Zurich, Switzerland, in October 2016. Referred to as Procivis.
Data used to describe consumers based on psychological attributes,
such as perso...

TABLE OF CONTENTS
1 BACKGROUND 1
1.1 INTRODUCTION TO DIGITAL IDENTITY AND PERSONAL DATA
1
1.2 PERSONAL DATA TRENDS AND MARKET OPPORTUNITIES
2
1.3 PROCIVIS 6
2 VALID 7
2.1 OVERVIEW 7
2.2 VALID WALLET 8
2.3 VALID MARKETPLACE 10
2.4 VALID FOUNDATION 11
2.5 USE CASES 13
2.6 ENABLING TECHNOLOGIES 15
3 THE VALID TOKEN SALE 18
3.1 ALLOCATION 18
3.2 USE OF PROCEEDS 20
4 ROADMAP 21
5 TEAM 22
5.1 PARTNERS 22
5.2 CORE TEAM 22
5.2 EXTENDED TEAM 23
iv
...

1 BACKGROUND
1.1 INTRODUCTION TO DIGITAL IDENTITY AND PERSONAL DATA
Just as the information in a passport identifies its holder for specific purposes, a digital identity,
in its simplest form, is an online proxy for a real individual.¹ It can be used to identify the individual
for many more purposes in our digital age than would be possible with just a paper-based passport.
These attributes can represent the obvious: given and chosen attributes such as name, last name,
passport number, address, along with other demographic data. Less obvious digital attributes are
preferences, opinions and attitudes (psychographic data). Collectively, this information can be
used to create a profile of a person, with varying degrees of certainty, or level of assurance (LOA),
that indicates whether a particular person is indeed who they say they are, thereby allowing the
holder of that identity access to services or resources at a physical location or online. The more
strongly these attributes can be verified and linked t...

their own, or third-party applications – could undermine their position as a trusted provider. The
frequency and extent of known data security breaches at major corporations around the world
show that data theft is a very profitable business. This is also a reflection of the inherent value of
individuals’ personal data. Hence, for digital identity systems to truly succeed and deliver on their
promise, it is widely recognized now that a new paradigm is urgently needed.²
1.2 PERSONAL DATA TRENDS AND MARKET OPPORTUNITIES
1.2.1 CHANGING REGULATORY LANDSCAPE
In May 2018, a new European privacy regulation called the General Data Protection Regulation
(GDPR) will come into force. It will apply to all businesses selling to, and storing personal information
about, residents in Europe, including companies located on other continents.³ The aim of this
regulation is to give individuals more power over their data and less discretion to the organizations
that collect and use it for monetary gains.
For inst...

1.2.2 DIGITAL ADVERTISING: FAST-GROWING BUT PLAGUED WITH
INEFFICIENCIES AND ABUSE
Individuals continue to increase their time spent using digital media, while advertisers continue
to increase their ad budgets into digital channels. According the Interactive Advertising Bureau,
marketers spent USD 72.5 billion on digital advertising last year, an increase of 22% from 2015,
as Google and Facebook once again booked the lion’s share of net new revenues. In the US, the
digital advertising industry is projected to continue to experience remarkable growth through 2021
to reach almost USD 100 billion in annual revenue, with mobile and social advertising becoming
the top destinations, the latter expected to double in size to USD 30.8 billion by 2021.⁵ But for
companies wanting to reach out to potential clients and who are having to budget for brand
advertising, an excessive number of intermediaries must be taken into account. It is estimated
that for every USD 1 spent on digital marketing, advertisers only rec...

Figure 2 This is what happens in an Internet minute⁷
1.2.4 CONSUMER BEHAVIOUR
While deriving an actual monetary value for one’s personal data might still seem like an abstract
concept, people are becoming increasingly aware that a great deal of money is being garnered from
their personal data. In 2015, the data broker market alone amassed USD 156 billion from selling data
that does not belong to them.⁸ But it is not only data brokers who profit, far from it. Technology
giants, chief among them Google, Facebook, Yahoo, Microsoft and Apple, reap hundreds of billions
each year thanks to personal data generously handed over by individuals all over the world.
Consequently, an ever-increasing number of Internet users have resorted to active avoidance of
aggressive advertising via the installation of adblockers.⁹ But it isn’t just adblockers that are causing
advertisers problems; they also face increasing hostility from internet users who are tired of being
targeted with dull and irrelevant ads. Recent...

1.2.5 EMERGING SOLUTIONS FOR THE DEVELOPING WORLD
A very different opportunity presents itself at the other extreme of the identity spectrum. An
estimated 1.1 billion people in the world are unable to prove their identity, for lack of any kind
of official physical documentation.¹¹ For most of them, it is highly unlikely that they will ever be
able to prove their identity using conventional means, such as accredited documentation from a
governmental body. While these individuals certainly know who they are, they are often excluded
from property ownership, free movement, and social protection simply because they are unable to
prove their identity.
Beyond passports and birth certificates, identities are also records of our past, and they are
amended over time along with the events in our lives. These events constitute a historical record,
an irreplaceable ledger that is unique to us. By fusing one’s historical records with blockchain and
distributed ledger technology, we could very well see the emergence...

VALID Roadmap

1
September, 2016
Procivis is Born.
Founded by Daniel Gasteiger.
2
January, 2017
Proof of Concept.
e-Government App Store and e-Voting on the Blockchain.
3
May, 2017
eID+ Pilot.
Beta release of integrated digital ID platform.
4
December, 2017
eID+
Implementation of government accredited eID+ in Switzerland.
5
2018
Integrated management solution for your personal data.
Daniel Gasteiger
Daniel Gasteiger Co-Founder & CEO

Patrick Graber
Patrick Graber Head of Business Development

Adithya Pradeep Kumar
Adithya Pradeep Kumar Business Analyst

Dominique Kunz
Dominique Kunz Community Manager

Yves-Alain Petitjean
Yves-Alain Petitjean Co-Founder & CFO

Sven Stucki
Sven Stucki Software Engineer

Costa Vayenas
Costa Vayenas Senior Government Consultant

Lucas Betschart
Advisors Lucas Betschart President Bitcoin Association Switzerland

Thomas Bocek
Advisors Thomas Bocek Blockchain Expert & Head of P2P and Distributed Computing at UZH

Malik El Bay
Advisors Malik El Bay Blockchain Entrepreneur

Michael Guzik
Advisors Michael Guzik ICO Manager Lykke Corp

Eva Kaili
Advisors Eva Kaili Member of the European Parliament

Ronald Kogens
Advisors Ronald Kogens Legal & Regulatory Counsel FRORIEP Legal Ltd.

Guilherme Sperb Machado
Advisors Guilherme Sperb Machado ITO Advisor & Senior Software Engineer

Monique Morrow
Advisors Monique Morrow Co-Founder Humanized Internet & Former Cisco CTO

Grégoire Notz
Advisors Grégoire Notz Managing Director Notz Stucki Group

Ozan Polat
Advisors Ozan Polat Blockchain Consultant & Entrepreneur

Rolf Rauschenbach
Advisors Rolf Rauschenbach Strategy Advisor & Political Scientist

Guido Rudolphi
Advisors Guido Rudolphi Blockchain & IT Security

Christoph Rüdt
Advisors Christoph Rüdt Strategic Communication Ruedt Communication Consulting GmbH

Roger Wirth
Advisors Roger Wirth Information & Cyber Security

Lili Zhao
Advisors Lili Zhao Investor Relations Advisor

Lili Zhao
Lili Zhao
Investor Relations Advisor
Investor Relations Advisor
Roger Wirth
Roger Wirth
Information & Cyber Security
Information & Cyber Security
Christoph Rüdt
Christoph Rüdt
Strategic Communication Ruedt Communication Consulting GmbH
Strategic Communication Ruedt Communication Consulting GmbH
Guido Rudolphi
Guido Rudolphi
Blockchain & IT Security
Blockchain & IT Security
Rolf Rauschenbach
Rolf Rauschenbach
Strategy Advisor & Political Scientist
Strategy Advisor & Political Scientist
Ozan Polat
Ozan Polat
Blockchain Consultant & Entrepreneur
Blockchain Consultant & Entrepreneur
Grégoire Notz
Grégoire Notz
Managing Director Notz Stucki Group
Managing Director Notz Stucki Group
Monique Morrow
Monique Morrow
Co-Founder Humanized Internet & Former Cisco CTO
Co-Founder Humanized Internet & Former Cisco CTO
Guilherme Sperb Machado
Guilherme Sperb Machado
ITO Advisor & Senior Software Engineer
ITO Advisor & Senior Software Engineer
Ronald Kogens
Ronald Kogens
Legal & Regulatory Counsel FRORIEP Legal Ltd.
Legal & Regulatory Counsel, FRORIEP Legal Ltd.
Legal & Regulatory Counsel FRORIEP Legal Ltd.
Eva Kaili
Eva Kaili
Member of the European Parliament
Member of the European Parliament
Member of European Parliament
Michael Guzik
Michael Guzik
ICO Manager Lykke Corp
Blockchain Technology Partner
ITO Advisor, Blockchain Valley Ventures
ICO Manager Lykke Corp
ITO & Exchange Advisor
Blockchain Technology Partner
Malik El Bay
Malik El Bay
Blockchain Entrepreneur
Blockchain Entrepreneur
Thomas Bocek
Thomas Bocek
Blockchain Expert & Head of P2P and Distributed Computing at UZH
Advisor, P2P and Blockchain Engineering
Blockchain Expert & Head of P2P and Distributed Computing at UZH
Senior Software Engineer & ICO Advisor
Lucas Betschart
Lucas Betschart
President Bitcoin Association Switzerland
President Bitcoin Association Switzerland
Giorgio Zinetti
Giorgio Zinetti
CTO
Costa Vayenas
Costa Vayenas
Senior Government Consultant
Senior Government Consultant
Sven Stucki
Sven Stucki
Software Engineer
Software Engineer
Yves-Alain Petitjean
Yves-Alain Petitjean
Co-Founder & CFO
Co-Founder & CFO
Dominique Kunz
Dominique Kunz
Community Manager
Community Manager
Adithya Pradeep Kumar
Adithya Pradeep Kumar
Business Analyst
Business Analyst
Patrick Graber
Patrick Graber
Head of Business Development
Head of Business Development
Krzysztof Adam Górski
Krzysztof Adam Górski
Legal Analyst
Legal Analyst
Daniel Gasteiger
Daniel Gasteiger
Co-Founder & CEO
FOUNDER OF PROCIVIS AG
Co-Founder & CEO