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Ivy is a blockchain-based business payment platform for facilitating crypto and fiat transactions that require high level of verification. The platform uses IVY tokens that operate on KYC and KYT data points for validation. This payment network has various advantages over the traditional methods of money transfer. In addition to being a trusted distributed network, the platform is able to store unchangeable reference data of all transactions, and has more KYC and KYT data embedded on theShow more [+] blockchain. It can be integrated into existing banking system, is easy to integrate accounting software and allows revocable access to KYC/KYT information. The platform operates through a dual network infrastructure in which the token senders operate via a public chain while those providing financial settlements for fiat currency working through a private network. All KYC/KYT/AML data is stored in cryptographic containers generated from the Ivy network. Transactions are facilitated and finalized using smart contracts.
The IVY token used on this platform is based on Ethereum and was premined. Its price during the its token sale was 0.0315. The total token supply is approximately 1.6 billion. It is currently listed on various exchanges including HitBTC, Cryptopia, IDEX and ForkDelta and can be stored in wallets compatible with ERC20 tokens and Ether.
Ivy team is made up of individuals from various fields including technology, blockchain and finance. They include the President Ash Shilkin, the Chief Technology Officer, Mike Beck, Chief Operational Officer, Markie Bryant and Operations Manager, Leila Nematzadeh among others.