🔎KYC Mechanism

To ensure transparency and regulatory compliance, Megapad implements a KYC process for investors participating in IDOs. The KYC mechanism includes the following steps:

Purpose of KYC

• Prevent money laundering activities (AML - Anti-Money Laundering).

• Ensure compliance with legal and international regulatory standards.

• Restrict participation from prohibited or restricted jurisdictions.

• Increase transparency, minimize fraud risks, and build a trustworthy ecosystem.

KYC Process on Megapad

Account Registration:

• Users create an account on the Megapad platform and connect their wallet.

Submission of Verification Documents:

• Identity Verification: Users provide valid identification documents such as a passport, national ID card, or driver’s license.

• Address Verification: Users provide proof of address such as utility bills, bank statements, or rental agreements.

Biometric Verification:

• Users must upload a selfie or perform a facial scan to match their identification document.

Sanctions List Screening:

• Checks are conducted to determine if users appear on prohibited (sanction lists) or anti-money laundering (AML watchlists).

Verification and Approval:

• After review, the system verifies the user’s identity and notifies them of the results. Processing time may range from a few minutes to 24 hours, depending on the request volume.

IDO Participation Approval:

• Users who successfully complete KYC will be eligible to participate in IDOs on Megapad.

KYC Data Security

• All user KYC information is encrypted and securely stored following GDPR standards and other security regulations.

• KYC data is strictly used for verification purposes and is not shared with third parties without user consent.