Platform for Unique Identification
A fully regulated crypto platform that everyone can rely on.
Plunid platform is an on-chain Identity Provider (IdP) focused on:
Redefining blockchain anonymity
Making life easier and more secure for the ordinary crypto user.
Problem
Whatever crypto-related service or platform you want to sign in to, you have to give them your personal data. This is the same for all the services or platforms (cryptocurrency exchanges, payment processors, wallet providers, marketplaces, mining and staking services, crypto asset management, or investment firms, etc.).
Why is that a problem?
As a crypto user, you believe in anonymity, but you’re also forced to reveal and leave your personal details on each platform you use.
Solution
Instead, you could authenticate just on the Plunid platform (register for a personal profile). The moment we verify your identity – we will activate your profile on your Ethereum address and you can use your Ethereum address as your single unique on-chain ID. (just like an e-mail inside the WWW, where nobody knows who’s behind little.dorothy@gmail.com).
What’s in it for you?
- You’re leaving your personal data only in one place. No more repeating the same authentication process.
- Easier sign-on/sign-in process.
- Reduces the possibility of identity theft.
Redefining the customer identity verification process
Making life easier for all the crypto-related businesses.
Problem
As a crypto-related business, you have to go through the Customer Identity Verification process for each customer to ensure regulatory compliance (AML, KYC, FATF recommendations, …), domestic and international. That takes time, money, and human resources.
Why is that a problem?
You should be running your business, not thinking about, or concentrating on, the regulatory stuff. That should be somebody else’s problem.
Solution
Leave it to us.
As an on-chain Identity Provider (IdP), we’re taking care of strict identity checks and KYC procedures for your current/future customers. A single person can have one and only one personal profile on Plunid.
You only have to check if the Ethereum account has an active Plunid personal profile or not. If it does – you’re good to go.
What’s in it for you?
- No more customer identity verifications.
- Prevention of duplicate or fake user accounts.
- No more mandatory user tax reporting. (it should be up to the user to do that).
- Minimizing legal risk and legal liability.
- Less complications regarding operating business in multiple jurisdictions.
- No more fear of misuse of exchanges, or market manipulation.
Redefining blockchain business operation
Making life easier for all the regular businesses that want to expand their presence into the crypto space.
Problem
You own a successful business in the real world and you’d like to offer and sell your products/services to on-chain customers. Or you’d like to enable your customers to pay in crypto, right? So why don’t you?
Why is it a problem?
Crypto is unregulated and uncharted territory. You’re afraid of scams, frauds, regulatory uncertainty, and legal liability. It’s much safer and simpler to do it in-store (brick and mortar) and within an online shop dealing with fiat currencies, or with regular bank accounts and credit/debit cards.
Solution
Create your Ethereum address. Register your business in Plunid (register a business profile). Once you fill in all required data and we verify your business identity – we’ll activate your business profile. The moment you have an active business profile you can freely do business with other active users on our Plunid platform.
What’s in it for you?
- You’ll gain more customers.
- If you want to pay the salary to your employees in crypto you can do that if they also have an active personal account.
- No need to worry about regulatory compliance (we do that for you).
- No need to worry about cryptocurrency volatility (Plunid uses stablecoin).
- No need to worry about taxation (Each Plunid user has a publically available “Country” field in its profile).
- No need to worry that you’ll lose your plunids if you lose the keys for your Ethereum account.
- No security risks (we always know who’s your customer and you can rely on us for any legal actions).
Redefining blockchain government regulation
Making life easier for governments (Yes for them too).
Problem
Tax authorities want to collect tax on each transaction (whether that’s a VAT, income, and sales tax, capital gains or loss, …). Regular banks have mandatory reporting so it’s easy to work with them. But it’s totally different within the crypto space.
Why is it a problem?
Because the crypto space is disconnected from the real-world economy. You can’t always know who’s the owner behind the crypto address (crypto anonymity). And even if the tax authorities know the starting point (they’ve linked an individual to his wallet address) it’s tough to track all transactions because there are some crypto exchanges and cryptocurrencies that have totally anonymous transactions (Zcash, Dash, Monero, …). That’s why most tax regulations are based on crypto-to-fiat transactions.
Solution
Governments can register their government profile in Plunid (register a government profile). Plunid will offer help with opening different accounts for various taxes. Businesses and persons who registered their plunid profiles can transfer plunids directly to those accounts.
Even if the government does not open its profile at Plunid, the Plunid Foundation (as an on-chain IdP) makes transactions with plunids fully transparent for taxation purposes.
What’s in it for the governments?
- Better tax collection in the crypto space.
- Fully transparent crypto space on the Plunid platform (all Plunid transactions are fully traceable).
- Fully regulated Plunid crypto space (we adhere to the same rules/laws/requirements as the regular business entity/bank).
- In case of suspicious activities, government authorities can require an audit (we can provide information on our platform users, much like a bank).
Increasing trust and transparency in the crypto space
Let’s bring everyone into the crypto space.
Problem
Non-crypto users are frightened of the crypto space. Some of them even think that it’s all based on scams, fraud, and illegal activities. Who can blame them?
We need to lower technical barriers and make space more secure for those who wish to join in.
Why is it a problem?
There really are a lot of illegal activities in the crypto space (money laundering, Ponzi and pyramid schemes, rug pulls and exit scams, fake exchanges and wallets, phishing scams, …). Lot of crypto price volatility and speculations, and price manipulation (pump and dump, whales in the game). Failed projects and lost investments. You name it.
Businesses are hesitant to accept crypto because they’re afraid that their funds could be stolen. So they’re sticking to existing reliable and globally accepted payment solutions.
Solution
A lack of clear regulations and transparency leads to a lack of trust. Plunid’s sole purpose is to increase trust and transparency in the crypto space by becoming a globally trusted on-chain Identity Provider (IdP). Plunid combines regular users, their businesses, and governments into one platform and provides safety regulations for each player in the crypto space.
What’s in it for you?
- Reversible crypto payments in plunids (if you send crypto plunids to the wrong address we can help you out to get it back),
- No fear of scams or fraud (because everyone is identified on the platform)
- No fear of losing your plunids if you lose the private keys (if you keep all your crypto in plunids we guarantee you can not lose them).
- We can make your life easier for tax reporting.