Security Token AML & KYC Provider for ICO Needs
KYCAID provides robust KYC services tailored for ICOs and security tokens, ensuring compliance with AML regulations. Elevate your project's security with KYCAID's advanced solutions, safeguarding both investors and your venture.
Importance of
the KYC for Initial Coin Offering
KYC stands for "Know your customer" and, in a nutshell, is user identification. The use of KYC in ICOs helps prevent scams and illegal financial transactions. In many countries, regulators oblige crypto exchanges to implement KYC and Anti-Money Laundering procedures to detect and prevent revenue from illicit activities.
KYC Solutions for ICO & IDO
ICO, or Initial Coin Offering is one of the newest forms of investment
that has emerged since the advent of cryptocurrencies. It involves
raising funds for initial capital for projects. ICO is popular among
those planning to develop new services or implement new technologies.
The investment scheme is simple: the user invests money and
receives a certain amount of tokens in return. If the project is
successful, the investor can expect to receive a certain profit. The
company that issues tokens exchanges them for one of the
cryptocurrencies or fiat currencies (US dollar, euro), thereby receiving
funding for the launch and development of the project.
Types of ICO Tokens
-
Utility Token✅
Allow the owner to access the company's products or services in the future.
-
Security Token✅
This is a web version of classic securities. Provides rights on ownership of the company.
KYC Services For ICO
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Document Verification
No matter what documents are required to check. KYCAID identifies any documents, including passports, driver's licenses, medical cards, and military IDs, and then instantly verifies them online.
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Liveness Check
Our advanced liveness checking technology allows you to confirm that the persons are really who they say they are. KYCAID uses mask detection and face-matching algorithms for this verification type.
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Address Verification
ICO address verification checks contributors' addresses, ensuring compliance with differing global and local regulations, providing transparent transactions in the cryptocurrency landscape.
Navigating ICO regulations varies based on jurisdiction, impacting how Initial Coin Offerings are conducted across different countries. For startups venturing into this space, exercising caution is crucial. Implementation of essential KYC/AML processes in advance is highly recommended. We offer identity verification solutions tailored for your team members and investors, ensuring compliance and security.
Benefits of implementing KYC for ICO creators:
- Ensuring KYC/AML compliance for ICO to avoid conflict with global regulators
- Providing the total legality of the ICO for the legal withdrawal of money
- Increasing the reputation of the ICO in the market
- Scam prevention