KYC (Know Your Customer) is an essential process to ensure the security and integrity of projects wishing to list smart contracts on ExtractoDAO. KYC helps verify the identity of project owners and is a fundamental part of our commitment to providing a secure platform for the community.
What is KYC?
KYC is the process of identity verification to ensure that project owners are who they claim to be. It is similar to the verification process used by major cryptocurrency exchanges. The goal is to protect the community from scams and ensure transparency and reliability of the listed projects.
Benefits of KYC:
Legitimacy: KYC confirms the legitimacy of project owners, increasing the community's trust.
Fraud Prevention: It helps prevent fraudulent or malicious projects that may harm investors.
Transparency: It makes project owners' information available to the community, promoting transparency.
How KYC Works:
To go through the KYC process on ExtractoDAO, project owners must provide identification documentation, such as a passport or ID card, for verification. This process is conducted by an automated platform.
Responsibilities of Project Owners:
By undergoing KYC, project owners agree to provide accurate and truthful information.
They also agree to comply with all applicable global regulations and adhere to the ethical standards of the cryptocurrency community.
Commitment to Integrity:
ExtractoDAO is committed to the integrity and security of our platform. If a KYCed project engages in fraudulent or harmful activities:
We will disclose their identities.
We will make this information public to allow the community to take appropriate action.
For Project Owners:
If you want investors to trust your project, it is highly recommended that you contact us to initiate the KYC verification process. KYC can take 24 to 48 hours, so please get in touch as soon as possible.
Contact for KYC:
ExtractoDAO offers support for the KYC process in multiple languages, including:
- Other languages upon request
The cost to perform KYC on ExtractoDAO is $750. This fee is non-refundable.
By paying the KYC processing fee, you agree that you will not be entitled to a refund under any circumstances. It is essential to use true and legitimate information during the KYC process.
Having a KYC seal does not imply that ExtractoDAO endorses or recommends a project. Always conduct your research before investing. ExtractoDAO is a decentralized platform and does not provide guarantees about the quality or success of a project.
This ExtractoDAO KYC model is designed to ensure the platform remains secure and reliable for all participants. We are committed to maintaining the integrity of our community and promoting a transparent and ethical cryptocurrency industry.