Numio Working with PhoenixDAO and SecurePad

Numio has announced its collaboration with PhoenixDAO and Secure Pad. This is to develop a new NFT based, one time KYC solution for Initial DEX Offerings (IDO).

Traditional KYC is an antiquated system and a prime target for identity theft. Once you have sent your documents you lose all control of who gets to see and use them. If you have been involved in crypto for long you will know all too well the number of documents floating around from the Binance KYC leak. That’s why they are working together to remove this risk with a cutting edge, one-time, NFT KYC system where you never send your documents to any third party.

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.

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

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.

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.

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.

🔽 INFO:

https://www.numio.one/know-your-nft-numio-working-with-phoenixdao-and-securepad/