Know Your Customer (KYC)

What is KYC?

Know Your Customer (KYC) is a security measure designed to protect against data theft and various forms of fraudulent behavior. While the utility and ethical implications of KYC are often debated—given that it can conflict with the decentralized philosophy of the crypto world—it undeniably plays a crucial role in safeguarding users.

Headstarter's decision to implement KYC stems from several factors, including regulatory requirements and platform security preferences. While the ethical considerations of KYC continue to be a topic of discussion, Headstarter recognizes its essential role in ensuring a secure and user-friendly experience within the crypto sphere. By adopting KYC, we aim to enhance trust, comply with regulations, assure extended operability and provide a safe environment for our users.

Who Will Handle the KYC?

HeadStarter's current KYC RegTech partner is Sekuritance. Please consult the Sekuritance FAQs and Terms & Conditions for detailed information:

• Sekuritance Website: Sekuritance

• FAQs: Sekuritance FAQs

• Contact: Sekuritance Contact or [e-mail]

Why implement KYC verification?

1. Compliance: Ensures adherence to regulatory requirements, avoiding legal issues.

2. Security: Prevents fraud, money laundering, and illicit activities.

3. Trust: Builds investor confidence by verifying legitimate participants.

4. Risk Management: Identifies and mitigates potential high-risk investors.

5. Market Access: Facilitates operations in jurisdictions with strict KYC regulations.

How to Complete KYC Verification:

1. Initiate KYC Process:

   • Connect with your choice wallet to the HeadStarter dApp and navigate to the Portfolio page where you will see the KYC STATUS section.

   • Follow the VERIFY link to start the KYC process.

   Note: the generated KYC verification link is unique for each individual wallet. Don't send a generated link to anyone else!

2. Provide Required Information:

   • Upload necessary documents (e.g., government-issued ID, proof of address).

   • Ensure all information provided is accurate and up-to-date.

3. Verification:

   • Sekuritance will review your submission.

   • You will be notified via email once your KYC verification is complete.

4. Approval:

   • Once approved, you can participate in HeadStarter events and access all platform features requiring KYC verification.

   • Your KYC STATUS should show "Verified" upon receiving confirmation of successfully completing the process.

Conclusion:

While KYC may seem counterintuitive to the decentralized ethos of the crypto world, it is a necessary measure to ensure compliance, security, and trust within the HeadStarter ecosystem. By partnering with Sekuritance, we strive to provide a seamless and secure experience for all our users.