The recent rise in ICOs has presented numerous complicated difficulties and also Know Your Customer (KYC) has turned into one of those difficulties that are usually neglected but could be one of the most essential components of your ICO. Building out this capability and internal procedure is mandatory.
Not taking it seriously introduces a threat to your service at an early stage. KYC is an essential method of verifying identities of people and teams. ICO listing online helps people by going through KYC in simple steps. Our KYC procedure is available for people all around the world.
Occasionally we get applications from groups that want to capitalize on our community. For that reason, we have actually made a decision to include a new attribute that might aid to recognize deceitful teams and scams. From now on ICO groups need to go through a short KYC process. This process is voluntary. However, it will be obligatory for ICOs which appear questionable to us, for ICOs that have been reported to us as suspicious.
Here is our KYC process:
You need to request KYC invites for your group by sending out an email to email@example.com.
- If your key staff member has actually already passed KYC you require to inform us – if these staff members appropriate for the ICO KYC we will certainly attach them to the KYC record.
- We will certainly pick as well as welcome a minimum of 2 members of the ICO management to pass a KYC process with us. If there are any kind of reports concerning ICO or particular participants, we will ask for adding members to pass KYC as well.
- We will also provide them with KYC forms. The KYC process will certainly be carried out with the help of our partner KYC company.
Each of the invited participants will certainly be asked for to offer:
- Proof of identity: Passport, ID card or driving permit that is not run out
- Selfie with an Evidence of Identification: Clear photo with a plain background.
- Evidence of Address: Utility bills, Internet/Cable TV/Landline phone invoices, Bank statements, Income tax return, Council tax obligation bills, The Government provided Certifications of Residency, etc. Screenshots, smartphone bills, clinical bills, bank card statements, purchase invoices and also insurance policy statements will certainly not be approved. (must provide any 3)
All the information received throughout KYC procedures will certainly be saved within a third party solution.
The results of KYC procedure will be e-mail to you.
If you have any inquiries relating to KYC, please get in touch with firstname.lastname@example.org