Click here   to schedule a demo and learn how IdentityMind can protect your company's ICO.

IdentityMind for Token Sales

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Protect Your ICO From Regulators

ICOs (Initial Coin Offerings) or token sales are a great way to fund and expand your business. But, your ICO needs to comply with money laundering regulations, including blocking certain geographies, while minimizing risk. You know you need to do something, but what? And, how do you do it without turning away customers, getting sued, or getting fined by various governments? ldentityMind can help.

IdentityMind provides a plug-in software solution that handles the necessary Anti-Money Laundering (AML) requirements, including KYC (Know Your Customer), required to launch your ICO around the world. It ensures that your ICO meets the existing legal requirements, demonstrating to regulators you're doing the right thing. With our extensive digital currency, regulatory, and risk management knowledge, we can make this part of your ICO a whole lot easier.

You receive a preconfigured plug-in that will:

  • Know where your contributors are coming from. Preventing geographies or regions you cannot, or do not want to, work with
  • Perform risk based KYC, complying with regulations of various governments (US, Canada, China, etc...)



Benefits

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It's Easy to Do
the Right Thing

IdentityMind has a pre-configured plug-in that takes into consideration all published guidance.

Do what's necessary without impacting sign-ups.

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Stay Out
of Trouble

Regulators are following ICOs.  IdentityMind provides realtime KYC & risk analysis of your contributors via proprietary data and 20+ services including sanctions screening, name and address validation, phone verification, device analysis, IP analysis, and document validation + facial match. 

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Broaden Your
Contributor Base

Our platform uses digital identities that help you ensure the same person is not making multiples purchases, understand the reputation of each of your contributors, and accept as many as possible while still complying with the law. 


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Simple Setup,
Faster Process Time

We'll get you up and running quickly. With Swagger documentation, a RESTful JSON APl, and a staging environment, integration can take less than 24 hours. And, our rules, case management, and alerts allow you to authorize contributors based on your specific thresholds, so you can quickly review users and escalate as required.

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SAFT

Compliance

A SAFT requires you to validate your contributors are accredited investors.  IdentityMind can help connect you to a review service that approves contributors in a timely manner.

Features

  • Know where contributors are coming from

  • SAFT Compliance
  • Automated, risk-based KYC

  • Regulation already configured by country

  • Ability to validate contributors worldwide

  • 20+ data services, one API 

  • Conduct enhanced due-diligence
  • Real time risk scoring using machine learning 

  • Velocity analysis to prevent illegal behavior

  • Risk scoring on source of funds to prevent contributors that will bring regulator attention

  • Easily manual review suspicious transactions

  • Prebuilt reports for regulators

  • Queue management

Some of our Clients


“IdentityMind had everything we needed to ensure our token sale was conducted lawfully and in accordance with worldwide rules and regulations.  We were up and running in less than 72 hours. We are fully compliant and appeal to a wider range of contributors.”

 

- Roderik van der Veer
CTO and Co-founder
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View the Case Study

Global Regulations

 ICOs are very new, and regulations worldwide are still developing.  Hover over orange countries to see what the regulatory environment for ICOs is like there.  Grey countries have not yet commented on ICO legislation. 

Further Reading

Blog Post

ICO Regulation in Canada - Winter Has Come

Most ICOs are Securities Requiring AML and Compliance.  Last week, the Canadian Securities Administrators (CSA) released notice 46-307 to initial coin offerings (ICOs) that impacts:

  • ICO’s everywhere in the world with Canadian buyers
  • Exchanges that trade ICO coins to Canadian customers
  • Companies in Canada that are conducting an ICO

Read More

Blog Post

Initial Coin Offerings Are the New Acovado Toast

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Do you remember what you were doing in late 2013 – early 2014? I do, I was scrolling through my LinkedIn, Facebook, and Twitter feeds and it was all about Bitcoin. Bitcoin had recently crossed the $1000 threshold for the first time, and two days later one coin was worth almost as much as an ounce of gold. I remember reading about this and thinking, “This could shape our relationship with currency in the future, and even change the way we think about stores of value” – not an easy thought, especially for an economist.

Read More

Blog Post

The 3 Most Important Things When Launching an ICO

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The number of Initial Coin Offerings has taken the market by surprise. Over $2.25b has been raised via ICOs this year alone, and a market which didn't exist four years ago is now competitive with venture capital.

However, it's not always smooth sailing. Today, 60% of ICOs are failing. Why is that? Sometimes a good idea will carry the day, but more often than not, that's not enough. Success requires more than just a strong product or service, or an excellent ICO white paper. This post documents what you need to know to ensure your ICO succeeds.

Read More

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