6. KYC Process

As Dowgo Tokens are considered security tokens, we require all new investors to undergo a KYC process. We have automated this process with our partner Veriff.com.

KYC partner: https://www.veriff.com/​

At Dowgo, we prioritize the security and privacy of our users. As part of our commitment to comply with regulations and ensure that only verified individuals can invest in Dowgo Tokens, we have implemented a robust Know Your Customer (KYC) process. This process is automated and integrated seamlessly into the Dowgo App, providing a user-friendly experience.

6.1 Partnering with Veriff

Our KYC process is powered by Veriff, a leading provider of identity verification services. Veriff uses state-of-the-art technology and expert knowledge to verify identities quickly and reliably. Their platform supports over 11,000 government-issued IDs, ensuring comprehensive coverage.
Here's how our KYC process works:
  1. 1.
    Registration: Users start by signing up on the Dowgo App. During registration, users will be required to provide basic personal information, including their full name, address, and date of birth.
  2. 2.
    Document Verification: Users are then asked to submit a copy of a government-issued identification document, such as a passport or driver's license. Veriff's technology scans the document, checking it against a database of 11,000+ IDs to verify its authenticity.
  3. 3.
    Face Match: To ensure the person submitting the ID is its rightful owner, users are asked to take a selfie. Veriff's technology matches the selfie with the photo on the ID document.
  4. 4.
    Review and Approval: Veriff's system reviews all the information and, in most cases, can approve the verification in about 6 seconds. In some cases, further manual review may be required, but this is the exception rather than the rule.
  5. 5.
    Onboarding: Once the KYC process is complete, users are fully onboarded and can start investing in Dowgo Tokens.

6.2 Privacy and Data Protection

While the KYC process does require users to share personal information, it's important to note that this data is handled with the utmost care. Dowgo does not use the collected information in any commercial manner. Instead, the data is used solely for verification purposes and to comply with regulatory requirements. We follow strict data protection standards to ensure that user information is kept safe and secure at all times.

In summary, our automated KYC process, powered by Veriff, provides a fast and efficient way for users to verify their identities. This ensures the safety of our platform, protects our users, and helps us maintain compliance with regulations.