As you know, EXPEX, our decentralized exchange for peer-to-peer trading, has been through beta-testing.The feedback from the testers was very positive, with just a few outstanding user interface items left to be addressed. With Tokenlab about to launch, it is more important than ever that we deliver EXPEX so that the newly-minted tokens can be listed on it.
Subsequent to the beta-test, the decision was made to have EXPEX reside within the Luna Wallet. This will require some additional programming, but it will allow for more frictionless trading.
At the same time, our founder, Christopher, is creating another Tokenlab component, UKYC, which will be made available.on the Module Marketplace. Universal Know Your Customer provides user identity verification for your products or for members of your organizations―anywhere validating identity is required.
Here’s how it works: Tokenlab UKYC creates a profile for each user that signs up and completes the KYC requirements. Once approved, the profile is assigned a “badge” in the form of a barcode. This badge can then be used wherever KYC is required. There is no need to complete the cumbersome KYC process ever again. Simply scan your badge anywhere the UKYC symbol appears. Companies everywhere will leverage our UKYC badge system for a nominal fee. Watch for the release of UKYC late in the first quarter.