KYC is the process of identity verification. As you know , security is very important thing in this space. As coinsooner team we hate scams, rugpulls and soft rug. That's why we provide more secure KYC service and we also want to ensure more secure space for investment.
We will get the identities of the project owner, project details. After that we will start the process of verification about project's owner and project's details. This process will be manual not an automatic.
We have partnership with idopresales.com. It is the best KYC provider in this space.
The KYC process aims to rid scams and rugpulls by acting as a deterrent for dubious devs. If any of the KYCed project’s team members scams investors:
We will reveal project's team identities.
We will make this information public for those wanting to file criminal charges.
Disclaimer: KYC process doesn't mean the project completely secure. Please before investing do your own research (DYOR)