Full power of Paracosm Key is active only after KYC

The procedure of identifying your personality for getting access to all features of a particular service has become absolutely normal nowadays. Anonymous accounts might give a good mask for its owners, what is quite reasonable in many cases. Still, for the open interactions inside of an online community, identifying the personality becomes a necessary protective measure, a kind of access to a closed club.

On the one hand, our Paracosm community is open for all the newbies to join and enjoy many excitements of the gaming cross-reality. On the other hand, we plan to create a space of trust and secure inside of the community – to make the Paracosm platform a pleasant and safe place to be, to make all the internal transactions on the Caer Sidi service clear and legitimate.

The procedure of KYC is the only solution to make such a space possible. Only with it we can identify owners of Paracosm accounts and start writing their data in the distributed registry of Tangle.

All the owners of Paracosm Keys will get their access to our internal club of Paracosmers only after completing the KYC procedure (free for Keys owners). So, only after KYC, you will really have that one Key to rule all the dimensions of the gaming cross-reality.

Anonymous Paracosm accounts

We are not going to create unnecessary obstacles for all sorts of potential users to try and enjoy the basic functionality of the Paracosm platform. There will be free anonymous accounts which will be able to:

  • purchase Caer Sidi Credits and spend them;
  • play games on the platform (without nicknames);
  • get limited access to social interactions inside of the platform.

Registering such an account will be easy as pie – this will be possible to do even through social networks. Doors to further adventures can be open with a Paracosm Key.

Identified Paracosm accounts (Keys + KYC)

Living in XXI century means to have enough examples of how trust between users on an online service should be proved by reliable technologies. Using the distributed registry of Tangle to power up the Caer Sidi service on the Paracosm platform is a way to make all the internal transactions secure, all the history of accounts and items safe, all the rights of possession proved.

To enter this zone of trust and get all the advantages of being here, users on the Paracosm platform should buy Blank Paracosm Keys and complete the free procedure of KYC. People with such identified accounts will be able to:

  • purchase Caer Sidi Credits and spend them;
  • play games on the platform (with nicknames);
  • get full access to social interactions inside of the platform;
  • trade in-game virtual assets;
  • take part in making decisions on the platform through community votings;
  • get technical support;
  • participate in the reward system;
  • get access to Paracosm SDK (for development needs).

As we described in an earlier post, it will be possible to support the technical work of the Paracosm platform by providing data transfer infrastructure.

The distributed registry of Tangle will become a kind of internal engine for the Paracosm platform and Caer Sidi service. This functionality is in active development right now, we work on it in tight cooperation with professionals from the IOTA Foundation. Before it’s ready, our developers use Hyperledger Fabric as a temporary solution.

I’m ready for KYC, what to do?

Don’t be in hurry. We have a clear roadmap to follow, so everything will happen in its turn.

  1. Join Caer Sidi Pre-Sale to purchase our virtual goods at great discounts. Get your Blank Paracosm Key as a part of gaming bundles. The same Keys are available in our offers for traders – with limitations on a minimum purchase, so.
  2. Early versions of Paracosm platform and Caer Sidi service will be presented to the community in April 2019. After that, we plan to start accepting KYC procedures, which will turn Blank Keys to fully functional Paracosm Keys.

One of the best ways to get all significant news from Paracosm.Company with the opportunity to get your questions answered is joining our Paracosm Community on Discord.

Also, you can follow us on these social pages – to not miss anything:

1 Comment

Alex
27.02.2019
nice article! thank you!

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