1 February 2018
10 March 2018
$40 000 000
30 April 2018Token supply
1 000 000 000 FCT
Sold 120 000 000 FCT
1 February 2018
8 000 000 FCT
10 March 2018
400 000 000 FCT
30 April 2018Token supply
1 000 000 000 FCT
Faceter makes video surveillance smart by giving “eyes” to cameras. Real time computer vision, facial recognition, object detection, and video content analysis has never been simpler. Soon these disparate visual technologies will merge into one, “understanding” the situation in front of them and reacting appropriately to it. We call this “comprehensive intelligent surveillance,” the concept of security based on event analysis. Decentralization will make this advanced security technology affordable for consumers.
Faceter transforms ordinary cameras into advanced security systems that “understand” what’s going on with fast, accurate, and efficient facial detection and recognition. It enables a new level of service for your security needs.
Cryptocurrency miners can rent their equipment to Faceter and make more money than they would by mining. They’ll make money 2.5 times more quickly than mining Ethereum, and 5 times more quickly than mining Monero. Faceter will use a decentralized infrastructure to reduce computing costs.
The product is ready for B2B customers and has been tested in three successful proofs of concept. The team has clear plan for development the mass market version. Given the project’s roadmap for the next three years, the FCT token value may grow several times.
Size of the global video surveillance market in 2017
Growth every year
Video surveillance cameras installed globally
Video stream analysis requires immense computing power. We are planning to build a decentralized network that implements fog computing, drastically reducing the price of our product to make it affordable for homeowners and business owners around the world.
The token is the core of the decentralized network, both as a Proof of Recognition and a flexible, transparent, cross-border settlement mechanism for all participants. It is the cryptocoin for payments we get from customers. Work of participants in our decentralized network is paid by tokens as well. FCT is the integral part of the business model and a great investment asset. The financial model is built to strengthen factors that support growth of the token value.
Total token supply1 000 000 000 FCT
Robert Wayne Pothier
Serial investor relations advisor of blockchain projects, top expert at icobench. Ex-executive Director at the Skolkovo Foundation, the leading Russian business incubator of hi-tech start-ups. Worked as a head of strategy, investments and business development of the largest international corporations.
CCTV security expert with over 10 years experience in the industry. Was involved in biometrics and ID management projects while offering video surveillance solutions, access control, electronic article surveillance, intrusion detection and customer behaviour analysis. Being a General Manger at TVMS Company, has completed numerous security state level projects while exceeding expectations with high quality solutions and service delivery.
Seasoned professional in financial markets and emerging-market technologies with deep-level FinTech, InsurTech and Big Data ecosystem knowledge, including utilisation of leading-edge technologies. The focus for the last 2-years has become the inherent benefits in Blockchain technology and the nascent opportunities this presents for a decentralised global economy.
Sales and Distribution
The Faceter project was launched in 2014.
Alpha version of Faceter for B2B is released
Proof-Of-Concept of Faceter for mass-market (centralized version)
Building modular architecture and adapting Faceter to fog computing networks to reduce computation costs
Developing Android, iOS, Apple TV applications
Developing a module for classifying individuals in videos to augment the event-based model with the following features: sex, age, race, emotions
New team members: growing IT department
Launching beta version of Faceter running on a fog and starting sales in the mass market segment
Adding a “user friendly” option: store video archives in decentralized IPFS-based storage providers
Developing integrated solutions in collaboration with hardware vendors
Tracking visitors with partially or completely hidden faces. Recognizing body type features: height, weight, build
New team members: sales and business development specialists
Vehicle detection and recognition in video, including recognition of numbers using cameras with sufficient resolution
Partnership agreements with video camera vendors regarding Faceter preinstallation
Developing a technology for detecting different events in the cameras’ scope: run, fall, fight, unattended items, hazardous situations (flame, smoke, vibration, non-standard noise etc.)
Launching a fully functional decentralized version of Faceter
How do you use Blockchain in your product?
We need a decentralized infrastructure because it will help us to provide a consumer version of our solution and make our product affordable for homeowners and small businesses globally. Facial recognition and computer vision technologies are very expensive because they consume a lot of computer resources. As I mentioned we have a working solution and we have interest of potential business users. But current classic infrastructure architecture can't be used for providing mass market solution – it is too costly. So, we will develop our solution to be able to pass the processing work over to existing miners in the blockchain industry. This decentralization will drastically reduce the price of the solution. Even if we offer Ethereum miners 5 times more than they are currently getting to mine cryptos, it will be still financially feasible for us. With PoS becoming more popular there is a growing concern for miners as they have the hardware but mining less as mining pools continue to get larger and more demanding.
In the future, smart-contracts with customers can also become part of collective security network, integrated with police databases. So that police will be able to distribute pictures of wanted criminals, lost kids, stolen cars and so forth.
Is Faceter token part of your business-model?
Yes, it is a necessary part of our business model. It is the main instrument of payment which we get from customers and which we send to participants of our decentralized network. If customer pays by fiat money, we convert them into Faceter tokens via ShapeShift-like exchange.
What will push demand and price of your token after the token sale?
Our tokens are programmed so that the owner of it will get a part of every customer’s payment. Certain part of sum, which we will get from customer, will be distributed to all token owners. Another part will be burnt. And third part will be used to cover our costs and for payments to miners. As some of tokens are burnt, fewer are in the market and hence the value goes up. We cannot run out of tokens as the value for a license is purchased against the percentage of what a token is worth.
Do you have a product already?
We have market-ready product for business customers – they can buy it by classic software license and install it on-premise. The technology is tested in real life situations in three PoC projects: in casino, in Debonairs pizzerias (one of the most popular fastfood chain in South Africa) and in plant. All potential customers gave a good testimonials and are eager to sign-up agreements. The PoC project was realized with our partner – EPI-USE, exclusive representative and distributor of SAP in South Africa. We successfully integrated Faceter into SAP ERP business system. Faceter is also certificated by Axis (one of the biggest global video camera manufacturer), it means that software was tested in Axis cameras and showed high level of compatibility.
Our computer vision algorithm for facial recognition shows 99,78% accuracy (top-6) according to LFW benchmark and 79.46% (top-10) by MegaFace.
On the next stage of project development, we will build decentralized network. It will allow us drastically reduce cost on infrastructure and bring our computer vision technology for intellectual surveillance to the mass market.
Does your team have required experience to accomplish roadmap goals?
CTO and one of the founders of Faceter Vladimir Tchernitski has more than 25 years of experience in software development. Before Faceter he was the head of R&D-department of international outsource software development company, where he started to work with convolutional neural networks, more than 4 years ago. The current Faceter’s team, by guidance of Vladimir, has already developed a successful product – opensource library pay.cards for banking cards data recognition, which became very popular among mobile application developers worldwide and was downloaded more than 25 000 times.