What is GIFTO Whitelist and How to get on it?

Gifto Official
Nov 20, 2017 · 2 min read

In order for you to participate in the GIFTO Token Generation Event, please head to https://gifto.io and register to join our Whitelist. The Whitelist registration period will run between now and December 9, 2017.

What is a Whitelist? It has become the norm in the industry that participants of Token Generation Events (TGE/s) add themselves to Whitelist in order to be able to contribute during the public TGEs. By using Whitelisting and requiring login at public TGEs, participants can have an additional level of security and help projects fight against fraud, spams, etc…For the GIFTO Protocol’s TGE, your participation to the Whitelist will also help us with our KYC/AML policies and procedures.

About our KYC/AML partner

It is our pleasure to announce that we have partnered with identity experts Cynopsis Solutions to fulfill KYC/AML requirements for the GIFTO Protocol’s TGE. Cynopsis is a Singaporean RegTech Company who has managed large TGEs such as the one of one of our key partners, Kyber Network.

Cynopsis is the owner of Artemis, a proprietary software which can provide straight-through-processing technology to help clients worldwide comply with Know-Your-Customer (KYC) / Anti-Money Laundering (AML) / Counter-Terrorism Financing (CTF) requirements.

Why do I have to go through a KYC check?

At GIFTO Protocol, our management has been around the block for awhile, and we deeply understand the need to KYC/AML/CFT checks. Some of us have lost friends and colleagues to various terrorist attacks over the years and we understand the spirit of such regulations. The overall objective of registering for the TGE is to ensure participants will foster a vibrant community to support GIFTO and to deter illegal usage of cryptocurrencies in general. We have chosen to adopt the risk-adjusted KYC standards normally used by banks and financial institutions.

The KYC process involves a screening process against international sanction/terrorist lists, politically exposed/connected persons, coupled with screening for negative news. Using this Artemis software, our KYC and risk assessments will be processed effectively combined with our additional internal KYC/AML/CFT procedures and escalation processes. Furthermore, using this program, we can ensure that only one real-world identity is associated with one email address and one Ethereum wallet address.

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