How to know if an ICO is legit? KYC Explained

BitNautic partners with IdentityMind Global

It’s always scary to invest in an ICO. Here in Switzerland, at BitNautic, we know that it’s often hard to see what lies behind the screen: who are these people? Are they for real, or do they only want to snatch my money and run?

Fortunately, there are some factors that can help you understand whether you can trust them or you should just invest somewhere else. The first question you should ask yourself is this:

Do they fully comply with the law?

After the ICO boom of these last months, numerous regulations have been imposed on this fundraising strategy. Authorities all over the world have started to set rules to protect the investors from all kinds of criminal deception, such as money laundering, speculation and straight up frauds. These regulations often vary from country to country, and most ICO launchs fail to comply with all of them, exposing customers to the risks previously mentioned.

This is not the case for BitNautic. We have recently started a collaboration with California based IdentityMind Global, one of the world’s leading company in digital identity verification.

Let’s hear it in the words of our own Lead Backend Engineer, Paolo Angelini:

“This partnership is going to take us to a whole other level of security and KYC, compared to most other ICOs. Through over 20 identity data verification vendors and multiple identity checks including name, address and ID document verification, IdentityMind’s state of the art machine learning technology will verify and guarantee that BitNautic meets all the existing legal requirements, including fraud prevention, anti-money laundering (AML), and counter terrorism financing (CTF), and demonstrate to both regulators and investors that we’re doing everything the way it should be done.”

Before investing in an ICO, be sure that everything is legally sound. With Pre-ICO sales starting on May 1st (and a 30% token bonus), Switzerland based BitNautic has already taken every step in making sure that all investments are legit, transparent, safe. Get on board!

To know more visit: https://bitnautic.io

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