Foundico.com Unravels Unique TEAM KYC to Bring Transparency

We are happy to announce that we are rolling out the brand new KYC procedure, which will enable us to verify the identifies of ICO team members. As we know, it’s quite often that organizers hide behind NDAs or claim that prominent players don’t need to publish their personal information. Naturally, this opens the door to major misdoings by bad actors, seeking to penetrate our space.

We’re putting end to it. While other ICO trackers try to bloat their site with unnecessary information and commentary that says nothing, we’ve taken an active step to bring more transparency to what we do and how present ICOs to your audience.

Now, any ICO that wishes to post at our platform will have to undergo the unique procedure to verify its team credentials. Teams will delegate two persons, who will pass the quick-and-easy identity check.

Whenever we fail to confirm the validity of the scanned documents we see, we’ll deem that the ICO itself has failed this test. The same will apply, when teams refuse to go through it. Those who fail/refuse to go through, will see their scoring for the “KYC” segment stall at the 5 scores. Those who’ve done well will top 10 out of 10 for this segment.

In our book, this is what taking an active role in community means. Whatever advertising gimmicks, crowd marketing and heavy-weight advisors an ICO might leverage, it all comes to the one fact — who’s the team behind the ICO, are they any good, are they experienced in our space, what have they done before.

Finding a Partner Just Like We Need

We’ve taken an active search for a partner that would deliver verification services and help us make this process as fast and easy as we can for teams. We’ve chosen a leading provider, Sum&Substance, who’s got over 3 years of specialized experience under their belts.

The company has actively leveraged AI capabilities to expedite checks of versatile documents and enable face recognition at an extremely high speed.

Scanned documents are checked for any forgery or falsehood in an effective and efficient way, while external peer audits have shown them to pose no more than 0.1% of errors.

All the personal information, transferred to the company, are securely stored in the Tier III database, featuring regular audits of data protection and manual monitoring, eliminating risk of data theft.

The team has worked with regulators to assure compliance and beef up its capabilities to check documents coming from the majority of countries around the world. Great UX and intuitive interface have attracted scores of SMEs and major players, such as Mail.Ru Group, ICOBench and Blackmoon.

We believe that it’s the right move forward. You are invited to visit our website, www.foundico.com, and see for yourself. Having an ready-to-go team check at your disposal can be a huge boon for both novice investors, as well as sophisticated financial analysts seeking to screen out bad actors out of their listing as fast as they can.