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Polygon NFT solution facilitating – One KYC to rule them all

One KYC to rule them all

The Numio x PHNX x Secure Pad KYC system requires just a single KYC submission for all projects launched on the Secure Pad platform, but how does this work?

If an IDO requires KYC to participate in its upcoming pre-sale, then all participants will have the option to KYC directly through Numio Identity. This process is totally automated, using advanced NIST-Grade AI to scan and verify your ID documents. The documents never leave your device and are never seen by a human. There is nothing to steal or leak.

Once a participant has passed the Numio Identity check, the Numio system will instruct PhoenixDAO to mint a non-transferable NFT on the Polygon Network, adding this to the wallet address they have used to sign up at Secure Pad. At the same time PhoenixDAO will report the newly-minted NFT token ID # back to Numio for inclusion in the Numio Identity system.

This NFT becomes Proof-of-KYC.

Participation in any Secure Pad IDO requires the applicant to hold and stake the Secure Pad token ($SEPA) in the account wallet. If this wallet also holds the KYC NFT then that account is automatically whitelisted for all future IDO offerings and the applicant won’t have to retake KYC*.

The result is an extremely secure system that gives you peace of mind that your personal documents are safe – while still allowing you to take part in your favorite IDO.

*Like all KYC checks Numio Identity is subject to a time limit and KYC will have to be retaken periodically. 

About Polygon 

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~567M+ txns, and ~6M+ daily txns.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

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About Secure Pad

Secure Pad aims to become the go-to launchpad for upcoming promising projects and helps the founders acquire talent from the crypto community. The company stays true to its namesake and offers secure and private services to its community. Secure Pad has developed a robust network that will connect founders with developers, auditors, marketers, designers, advisors, or any other necessary role to help the projects achieve their true potential.

Secure Pad is powered by its $SEPA token that offers several staking rewards by allowing the holders to participate in the projects launched on the Secure Pad launchpad. 

The token also has deflationary properties making it a good investment opportunity for the holders.

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About PhoenixDAO

PhoenixDAO is a new-age decentralized platform where different dApps can leverage the PHNX-ID solution for better management. It is a community-led project that conjoins decentralized governance (DAO), decentralized finance (DeFi), and the new digital economy. PhoenixDAO houses robust protocols such as Identity management, authentication, payment, and tokenization protocols that empower the dApp built in the ecosystem.

Apart from that, PhoenixDAO houses a set of next-gen DeFi products ( Events dApp, The DAO, and Staking dApp) that offer use cases in where industry verticals.

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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 and iOS, 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.

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About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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