04 Dec 2022

KYC Chain: How to Safeguard Your Upcoming Token Sale from Fraud and Money Laundering

KYC verification is crucial for token sales because it helps prevent fraud and money laundering. By requiring investors to go through a KYC process, you can ensure that they are who they say they are, and minimize the risk that your token sale will be used to launder money. This helps protect your project and your investors, and is critical for ensuring your token sale’s compliance with regulations.

How to Use KYC-Chain for Your Token Sale

Step 1: Create Your KYC Profile

The first step to using KYC-Chain for your token sale is to create your KYC profile. This involves providing some basic information about your token sale, such as the name of your project, your website, and your contact information. You will also need to provide some information about yourself, such as your name, email address, and country of residence.

Step 2: Add Your Investors

Once you have created your KYC profile, you can start adding your investors. This involves sending them an invitation to complete the KYC process. When they receive the invitation, they will need to provide some basic information about themselves, such as their name, address, and date of birth. They will also need to provide some identification documents, such as a passport or driver's license.

Step 3: Verify Your Investors

After your investors have completed the KYC process, you will need to verify their information. This involves reviewing their identification documents and ensuring that they match the information they provided. KYC-Chain uses advanced algorithms to help verify your investors, so the process is fast and efficient.

Step 4: Track Contributions

Once your investors have been verified, you can start tracking their contributions. KYC-Chain provides a dashboard that allows you to see how much each investor has contributed and when they made their contribution. This makes it easy to keep track of your token sale’s progress and ensure that everything is running smoothly.

Step 5: Stay Compliant

Finally, it is important to stay compliant with regulations. KYC-Chain helps you do this by providing a comprehensive compliance dashboard that shows you whether your token sale is compliant with regulations in your country or areas of operation. This helps you stay on top of regulatory requirements and avoid any legal issues.


KYC-Chain is a powerful tool that can help protect your token sale and your investors. By requiring KYC verification, you can prevent fraud and money laundering and ensure that your token sale is compliant with regulations. KYC-Chain makes the process easy and efficient, so you can focus on what really matters – building your project and attracting investors.

Any Questions?

Our team is always ready to help you and your business.
Get in touch

Latest Articles

We should have some subheading here, it’s good for SEO as well
Streamline Identity Verification Processes for Fintech Companies Using KYC-Chain
Efficient and reliable identity verification is essential for fintech companies to comply with regulations and build trust with their customers.…
21 Jun 2023
Demystifying CDD and EDD: When and Why Are They Essential?
Understanding the significance of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) is crucial for businesses and organizations that…
16 Jun 2023
Safeguarding Against Crypto Identity Fraud: Exploring Risks and Effective Solutions
Introduction In today's digital landscape, the rise of cryptocurrency has revolutionized financial transactions. However, with this increased adoption comes the…
15 Jun 2023