There is a vesting system that requires the project owner to lock the team token. So no unlocked tokens for rug pull. Token Buyers are safe here!
STRT Button always makes sure the safety of our investors very seriously. We also hate scams and rug pull, that's why we have built many features and tools for users to be able to make informed decisions as to whether a presale is worth investing in or not.
Scrolling through the list of current and past presales, you might have noticed that several projects have a KYC badge next to their names. This brief article is designed to explain the meaning and what it entails for all stakeholders.
At STRT Button, Know Your Customer, well known as KYC is the process of identity verification to ascertain that the person speaking to us is really who they say they are.
KYC needs the identities of at least three team members (CEO, CTO, Co-Founder), and their connection to the project is determined by submitting ID documentation (such as Passport, National ID, or Drivers License) to an automated platform. This is similar to the KYC process needed when opening up a trading account on a major exchange like Binance, for example.
The KYC process aims to rid our platform of scams and rug pull by acting as a deterrent for suspicious devs. If any of the verified by KYC project’s team members scams investors:
- We will reveal their identities to the public.
- We will make this information public for those wanting to file criminal charges.
To the investors: If you have serious reservations and proof that a project is a scam, please contact us ASAP, supplying as much evidence as possible. We will go through the information and let you know the result of the investigation.
The KYC service on STRT Button is another of the great features making our platform the best launchpad available. It will also help further in cleaning up the crypto industry, making people realize that they are responsible for their actions, even in a decentralized world.