KYC is a basic identity verification process that is held on Uplift to ensure full compliance with regional regulations as well as to fend off malicious actors.
KYC (short for know your customer) is a standard procedure that is conducted on Uplift platform to check the candidate’s eligibility for participation in the project IDOs.
Uplift does not enforce KYC by default. Identity verification procedures are conducted in alignment with the policies enforced with the projects conducting fundraising events on the platform. Implementation of KYC/AML tools on Uplift by the projects, a.k.a. fundraising entities ensures compliance with regional laws and regulations.