What is KYC in Crypto?
Privacy has a special place in the crypto space. The example of Satoshi is the most important proof of this. People may not want to reveal their identities for different reasons.
Unfortunately, we often come across scam-rug pulls in new projects in the crypto space. This is a negative situation for the crypto space in general and for all investors.
KYC is carried out both as a means of keeping the identity of the project owners confidential and as a factor of trust to the investors.
The meaning of our KYC service
This KYC service is provided by the idopresales.com team. The purpose of this service is to make the crypto space more reliable. This service also helps investors to make evaluations.
It should be noted that the KYC process does not make a project completely secure. We identify the owner of a project by doing KYC. And we store this information securely.
If the project does rug pull or scam, we publish the identity of project owner.
To owners of projects: We periodically check the projects that have passed the our KYC process. If we find out about a scam or rug pull, we will disclose your identities.
To investors: If you think a project that has passed our KYC process is a scam or rug pull, let us know. Please also explain why you think so. Our team will review your submissions and, if true, will reveal the identity of the project owners.
You may be interested Does KYC work in Unicrypt? SuperH example
Our KYC service fee is very reasonable. Because we are trying to make the crypto space more secure. Please contact us for more detail.
How it works:
We basically evaluate KYC applications as pass or fail. We divide it into 2 ranks:
Success or Fail
Fail : does not meet the basic criteria
Success : passed the process successfully
We do not disclose our criteria to avoid manipulation. We search deeply the information provided to us. We are trying to confirm this information from different sources.
We share the results both on our website and Twitter account.
The fact that a project passes KYC service does not mean that we approve and recommend that project. The KYC service includes the identified of the project owner. Therefore, this service will assist the decision-making process of investors. Please DYOR.