Know Your Customer - Know Your Project Team!
Know Your Customer, or KYC is the process of identity verification to ascertain that the person speaking to us is really who she/he says they are, that is, the owners of a project.
The identities of the project owner is determined by submitting ID documentation (Passport, National ID) to an automated platform. This is similar to the KYC process needed when opening up a trading account on a major exchange like Binance, for example.
The KYC process aims to rid our platform of scams and rugpulls by acting as a deterrent for dubious devs. If any of the KYCed project’s team members scams investors:
- We will reveal their identities.
- We will make this information public for those wanting to file criminal charges.
To project owners: If you want investors to trust you, we highly recommend that you apply for KYC verification. This will bring legitimacy to your project and trust for your community and investors.