Faceter FACE ICO: Legit Blockchain Video Surveillance System?
The platform is a brand-new system developed for computer surveillance technology that is powered by a fog network of miners. You can see the website for the company at Faceter.
What is Faceter FACE?
Faceter is said to be the first of its kind, a completely decentralized surveillance system for everyday consumers. The company makes video surveillance intelligent and gives brains to the cameras through highly enhanced facial recognition, object detection and video analysis in real-time. Apparently, the features are said to give cameras the ability to learn each situation, respond to it, and offer better protection then any other systems to their customers.
As of now, video surveillance systems are the most reliable tool in technology to guarantee public safety because of the ability to record facts and control the situation at any site. There is said to be a global increase in terms of crime, terrorist threats and even public safety in general.
The factors are said to push the development of more needed specialty equipment for surveillance on the market. This is according to the industry reports on the spend during 2016 vs where it’s projected to climb by 2022.
Apparently, the problem is that most video surveillance systems are basically useless, and not very efficient either. It’s only possible to really record data in videos, store archives of video and then therefore look backward. In no way can they really interact with a situation in real-time, this is apparently a huge problem according to a lot of people.
The computer vision technology is said to operate on blockchain technology, through a network of decentralized miners. This is said to make the product more valuable and affordable for all people. Any businesses, regardless of size are also said to be able to use the technology. It’s developed for a mass market of various consumers as well. With a major benefit being in the realm of mining because of the contribution Faceter contributes via its resources.
Faceter is said to become twice as valuable as Ether and can operate on the same GPUs. At Faceter, they claim that a strong technological core is the most important bottom line. Not only that, but a high degree for the respect of the individual is also important as is the use of various features of convolutional neural networks that can easily split tasks and reinforce their commitment to privacy.
The result is that any data considered to be sensitive is processed in a full trusted environment, as well as all imaged that cannot possibly be recovered are passed on to the network that is also decentralized. It eventually takes charge of as much as 80% of all the total calculations that are performed on the platform.
Faceter is said to fill this niche entirely, and also will offer a product that has superior power as well as functionality. And, on top of that it will be set at a price that is considered affordable for mass consumers and smalltime business men as well as ordinary people.
How Does Faceter Work?
In the future, the Faceter platform will also be able to detect different sequences of events as well as analyze different scenarios that could be potentially dangerous, like fires and fights. Not only that, but to detect kidnappings, carjackings, and so on. It will be able to also distinguish dangerous objects like knives, guns and fires.
Faceter offers a wide range of different Advantages:
Object and Facial Recognition and Resultant Behavioral Analysis:
It greatly enhances the current capabilities of surveillance with video systems that can detect threats and dangers from simple events like a customer smiling. The algorithm used on the technology was proven to work by LFW and a test done by MegaFace. They are said to be the most trusted in the industry.
The cost is said to be cut down drastically because of the use of the different cryptocurrency miners that have been put into a decentralized network and can perform recognition calculations to detect faces and distinguish them from other objects. Also, with the added benefit of giving miners the opportunity to make more money.
The company uses the current opportunities of smart contracts that will in turn be able to deliver flexible as well as transparent for different payment options for companies. There is also a proof of recognition that operates within fog computing on the network. It’s the way that the Faceter Token and company will help improve the industry.
You’ll also be able to use different neural networks, ones that can teach the Faceter software how to react on variations of different events around.
Faceter also doesn’t process the videos, the stream and processing are done on an outside network that is considered to be highly trustworthy. Only the anonymous data is put onto the decentralized network.
The Faceter Token:
Lastly the token is the fuel of the company and decentralized network. It gives users the ability to have a flexible, transparent, network and cross border, closed loop for settlement indications with all participants.
What is the ICO of Faceter?
- Pre-Sale: February 1, 2018 – March 1, 2018
- Starts Feb 1st at 7 AM UTC.
- Ends March 1 at 7 AM UTC or 48 hours after the soft cap is reached.
- Token Ticker: FACE
- 1 FACE = 0.1 USD. Will be fixed in ETH on Feb 1. USD/ETH rate Coinmarketcap
- Ethereum, Bitcoin, Litecoin, Ripple, Dash, Nem, Monero accepted
- $800,000 soft cap
- $50 minimum purchase
- 50% bonus during presale, 55% bonus to over $10,000 contributors
- US citizens cannot participate
- Tokens credited to your ERC20 wallet a week after Token Sale ends
- Token Sale: March 10, 2018 – April 30, 2018**
- Tokens to sell: 400,000,000 FACE
- Hard cap will be fixed based on presale results. 3 scenarios are stipulated in the WP
- EXCHANGES. FACE tokens will be listed when the crowdfunding campaign is finished
You can rad the whitepaper on the company website.
*All tokens that are not sold during the token sale are to be burned.
** The main token sale maybe launched earlier if the presale is closed by reaching its hard cap.
- 40.8% is FREE sale
- 30.8% The reserve pool to ensure the operation of the system since its launch to buyback.
- 15% Team bonus with sale restrictions for 2 years.
- 0.5% Bounty program.
- 6% Advisers remuneration.
- 6.9% Bonuses at early stages.
- 2% of proceeds goes to other.
- 3% of proceeds goes to legal costs.
- 21% of proceeds goes to SG&A.
- 31% of proceeds goes to Outreach Partnerships and Integration.
- 43% of proceeds goes to R&D Hardware Solutions.
Who is Behind Faceter?
- There is a massive team behind the company as well:
- Robert Pothier is the CEO and Co-Founder
- Vladimir Tchernitski is CTO and Co-Founder
- Leon Olchkers is the Technical Deployments Head
- Jayson Gouws is the Solutions and Distributions Head
- Paul Scott is the Head of Business Development
- Aleksandr Chernov is the Tech Lead
- Anton Ivashkevich is the Design Head
- Vitaliy Kuzmenko is the Mobile Development Head
You can learn more about the Faceter Project on the different Social Media Sites like Facebook, Twitter and Reddit.
Faceter FACE ICO Conclusion
The company seems to have a lot going on, there is also a live video you can watch on the company. According to what we’ve seen, this is a high-end company, with full transparency and a solid roadmap. If you’re in need of a high-quality surveillance, then Faceter is likely for you.
Also, just as important – for those of you who are into cryptocurrency and looking to invest into a new company, Faceter is for you as well. The company seems to be one of the more viable cryptocurrency companies to invest with for their ICO. It’s not likely that this is a scam company like the countless others popping up all of the internet taking advantage of people.