KYC is only for Project Owners
As you know, at Continental we take the safety of our investors very seriously. We hate scams and rugpulls and, because of that, we have built many features and tools for you to be able to make informed decisions as to whether a presale is worth investing in or not.
Scrolling through the list of current and past presales, you might have noticed that several projects have a KYC badge next to their names. This brief article is designed to explain what that means and what it entails for all stakeholders.
At Continental, Know Your Customer, or KYC is the process of identity verification to ascertain that the person speaking to us is really who she/he says they are. How does it work? The identities of at least one team member and their connection to the project are determined by submitting ID documentation (Passport, National ID) to an automated platform. This is similar to the KYC process needed when opening up a trading account on a major exchange like Binance, for example.
The KYC process aims to rid our platform of scams and rugpulls by acting as a deterrent for dubious devs. If any of the KYCed project’s team members scams investors:
- We will reveal their identities.
- We will make this information public for those wanting to file criminal charges.
Investors: If you have serious doubts about our partners in the crypto industry and you have evidence that their project is a scam, please contact us as soon as possible, providing as much evidence as possible. We will review the claim and notify you of the outcome of our investigation.
If you're looking for an audit service, please contact one of the following services: