VetMe’s OTC platform is a decentralized platform that allows users to connect their wallets, such as MetaMask or Trust Wallet, to the platform. This enables users to trade tokens securely and directly with one another, without the need for intermediaries or centralized exchanges. On the platform, users can choose to either list or swap their tokens. To list a token, a user offers to exchange it for another token at a fixed price. They can do this by approving the transaction on the listing interface on our platform. Once the transaction is approved, our smart contract will receive the information and list the trade on the platform. It is important to note that the trader must continue to hold the relevant tokens in their wallet for the duration of the trade. If they don’t have the tokens at the time of the transaction, the trade will fail.
$VetMe strive to integrate AI into our vetting, KYC, P2P escrow service, and OTC platform.
Integrating AI into vetting, KYC, P2P escrow service, and OTC platform would be done in various ways such as: Vetting: VetMe will use machine learning algorithms to analyze large amounts of data and identify patterns that can be used to identify high-risk individuals or organizations.
KYC: We will use computer vision and natural language processing to automatically extract information from ID documents and verify the identity of users.
P2P escrow service: Using smart contracts and blockchain technology to automate the escrow process and ensure that funds are released only when certain conditions are met.
OTC platform: Using AI-powered smart contract can be used to automate the OTC process, for example, escrow process, conditions for releasing funds, etc.
It’s important to note that VetMe will consider the ethical and regulatory implications of using AI in these contexts, such as potential biases, data privacy and security, and compliance with relevant laws and regulations.