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
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✅
Utility tokens give access to a specific product or service within a blockchain ecosystem, allowing holders to use them for transactions within that network.
-
Security Token✅
Security tokens represent ownership in an asset or company and are regulated, much like traditional securities such as stocks or bonds.
KYC Services For ICO
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Document Verification
From passports to driving licences, our service verifies documents online and checks their security features for fraudulent activity, ensuring compliance in just a few seconds.
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Liveness Check
Our advanced liveness detection technology ensures that individuals are accurately verified as the true identity holders. KYCAID employs mask detection and facial recognition algorithms for precise verification.
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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.
Verifying participant identities and monitoring transactions are key steps in preventing money laundering and other illegal activities. This builds trust with regulators and investors, while also safeguarding the ICO from legal risks and enhancing its credibility in the market. Proper KYC and AML practices not only help maintain a secure environment but also strengthen the ICO’s reputation, making it a more reliable and trustworthy project for potential investors.
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