GECKO Governance, which last month launched its new ICO compliance solution, GECKO Crypto1, has announced a strategic partnership with TrustedIn Trading, a custom-built social media platform for the blockchain and cryptocurrency industry. The partnership will see TrustedIn Trading using GECKO Crypto1 to manage ICO projects on the platform, in turn offering GECKO Crypto1 users and investors access to the social media platform.
As well as the GECKO Crypto1 compliance solution being incorporated into the TrustedIn Trading service offering, the two companies will work together in conducting due diligence, KYC, and AML processes on users of both platforms.
TrustedIn Trading seeks to provide account validation, based upon an in-depth due diligence process, to inhibit fraud and enhance legitimate business which existing social media platforms lack. In this way, it aims to be one of the most advanced project launch platforms in the ICO space to date and will assist the GECKO Crypto1 solution in the creation of a self-regulatory, trusted ecosystem for the industry as a whole.
“At GECKO, we are dedicated to working with innovative and inspiring projects which share our commitment to the maturation, stabilization and appropriate regulation of the ICO and token space. We are very excited to be partnering with a similarly dedicated team at TrustedIn Trading. We are hopeful that together, our companies can do wonderful things for the blockchain sector in the U.K. and Ireland, as well as internationally.”
TrustedIn Trading is a custom-built social media platform, set to launch in 2018, and will offer users a full array of social media, publication, charting, and other social features. The platform will subject members who wish to engage in business transactions upon the platform to thorough due diligence and KYC processes, thereby enabling ICO projects to launch to a tailored audience, while significantly reducing fraud through its account verification mechanisms. TrustedIn Trading account holders hoping to contribute to ICOs, meanwhile, will be assured that projects featured upon the platform adhere to regulatory parameters across multiple jurisdictions — as each will be validated by the GECKO Crypto1 solution.