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, and file a criminal complaint against you in your country of residence.
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.
People who go through the KYC process are informed. If they scam or rug pull:
- We will file a criminal complaint with the relevant department of their country.
- We will also disclose their information.(Note: We should add that we will not disclose information such as address to avoid any witch hunt. We will only use this information to file a criminal complaint.)
- If the investors listed below contact through their lawyers, all documents obtained during the KYC process will be shared.
- Those who live in the same country as the scammer
- Citizens of the same country as the scammer
- Those who have a lawyer in the country where the scammer lives
- Those who have a lawyer in the country where the scammer is a citizen
Who can Access the Info Given the KYC Process?
The information given to us during the KYC process is stored securely. Data is stored on 2 separate devices that are not connected to the internet.
The data is never shared with other people and institutions.
The storage period is 1 year.
Only the idopresales.com team can access the data.
Our KYC Partners
Why is Our KYC Service More Reliable?
Based on their attitude towards a scam, we can roughly divide the KYC providers into 2:
1st group: These KYC providers share the team’s information publicly in case of a possible scam. They don’t make criminal charges against team members. They hope that investors will file a criminal complaint with the information they share.
2nd group: These KYC providers, on the other hand, file a criminal complaint against team members in case of a possible scam. But they don’t make this information public.
So, what does idopresales.com KYC Service do?
First of all, it would be helpful to know: There is a lawyer in the idopresales.com KYC service team.
In our opinion, just sharing the team’s information is not enough. A criminal complaint must also be filed.
It would also be very difficult for investors to sue with this information. Because only a photo and a selfie written by the project information is not enough for the person to go to prison.
We know the laws. We also know what evidence the police and the court need.
We do all that the first and second group did. In addition, we share all information with the victims’ lawyers. Thus, more than one criminal complaint can be made.
It is not enough to just publish the photos of the scammers. We believe that scammers must face the court and the police.
- More reliable for investors
- The best KYC in DeFi
Our KYC service fee is reasonable. Because we are trying to make the crypto space more secure. Please contact us for more detail.
idopresales.com gave us the best customer support during our KYC with them. Just be REAL as a project owner and if IDOPresales sees that you are legit they will support your project growth more than just using their KYC services.
Hell Hounds Team
Accurate, precise, secure, and professional. IDOPRESALES’s secure, detailed oriented KYC verification process was thorough and methodical. From the very get go there company was courteous, kind, and efficient. However, more than a KYC service I was kindly assisted was given well thought out advice throughout the entire presale process before, during and even after. Their team is dedicated to providing top tier services showcasing why they are the leaders in their field. I would only go with the best and IDOPRESALES is definitely it.
The KYC process, done by IDOpresales.com, was very professional and well structured. We were surprised that the team checked also the ownership of the deployer-wallet and we think that this is not only good but also very necessary. Nozomics sees KYC as an important part to grow the level of security and trust within the crypto industry.
How it works:
Basically, we detect 3 things for KYC:
1-Identity of the project owners
2-The country in which the project owners live-addresses
3- The connections of the people who have KYC done with the project.
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 search deeply the information provided to us. We are trying to confirm this information from different sources.
We share the results on our website.
If a project does not pass our KYC process successfully, no refund will be given. After starting the KYC process, if the team does not want to continue with the KYC process, no refund will be given.
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.