Scenario
The most anticipated IDO just released details of the requirements for participation in their upcoming pre-sale funding rounds on your favorite Launchpad. This IDO, like many others, will require KYC. Assuming you’re in a jurisdiction allowed to participate, it all seems simple enough. Present your name, email, date of birth, & Government-Issued ID, and possibly other information to the IDO project KYC service company, and you’ve passed KYC requirements. You’ve been in crypto awhile now, and it’s probably the 10+ time you’ve done this. It’s nothing new, almost routine at this point.
How Does It Work?
Secure Pad-together with PhoenixDAO ($PHNX) & Numio, are aiming to put a system in place that only requires 1 KYC submission for all projects. If an IDO requires KYC to participate in it’s upcoming pre-sale, $SEPA stakers in the IDO Allocation pool can KYC directly through Numio. Once approved through Numio, Numio will direct PhoenixDAO to mint a Non-transferable NFT on the Polygon Network to the applicant’s wallet address. PhoenixDAO will then report the newly-minted NFT token ID # back to Numio for their records. $SEPA stakers that have gone through the KYC process through the Secure Pad/PhoenixDAO/Numio channel, will then have Proof-of-KYC, via NFT, in their wallets for Whitelisting all future IDO offerings. This unique partnership will see exclusive benefits for both Secure Pad & PhoenixDAO communities, and help promote all of the products Numio has in their pipeline.
About PhoenixDAO
PhoenixDAO ( $PHNX ) is a community led project that’s found at the juncture of decentralized governance (DAO), decentralized finance (DeFi), and the new digital economy where NFT’s and content ownership are becoming the norm. PhoenixDAO’s ecosystem is built around some in-house protocols which includes — Identity management, authentication, payment, and tokenization protocols. One platform, endless possibilities is our mantra looking to remove restrictions when it comes to enabling growth and biased participation. The $PHNX token fuels the ecosystem with an ever evolving number of use cases and utilities.
The PhoenixDAO offering is also set to include different flagship products of their own to fuel self-sustainability and have already launched PHNX Spot staking dApp, Events marketplace with NFT ticketing technology and a plan to launch an NFT marketplace in 2021.
🌐 Website: https://phoenixdao.io/
💬 Telegram: https://t.me/PHNXDAO
📟 Twitter: https://twitter.com/phnxdao
📓Medium: https://medium.com/phoenixdao
About Numio
Numio gives you more control over your digital assets and your identity. Founded in 2020 with a vision to make crypto simple, Numio allows you to send crypto instantly, save up to 100x on Ethereum fees and verify your digital identity in a safe and secure way. Available on Android (https://play.google.com/store/apps/details?id=com.numio.pay) and iOS (https://apps.apple.com/us/app/numio/id1538072952), Numio was the first zkRollup powered mobile payments app to be released on Google Play.
All Numio products are non-custodial, so only the account holder has access to their money. To learn more visit https://numio.one.
Limiting Investor Exposure
The Secure Pad team believes in keeping true with our namesake, we should try to limit exposure of investor personal information & documents as much as possible. We’ve designed what we believe to be a safer method, & together with our partners, believe you can complete your last KYC submission.
Stay in Touch
Watch our socials to be the first to know when these new features go live and, if you want a chat with the team, you can always find us on one of the links below.
