We are happy to announce that SelfKey is going to provide KYC and identity advisory services to another Token Project: CoinJanitor.

CoinJanitor aims to reduce cryptocurrency market dilution and restore lost value to the Crypto Economy, by providing holders, community members and creators of failed coins, a buy-out through the Janitor Token, and implementing a subsequent systematic burn of the failed coins bought out and disable or decommission the underlying blockchain. To do this, CoinJanitor has access to mining equipment that can be directed towards these blockchains to implement its decommissioning process, if need be.

CoinJanitor will use our KYC onboarding web application to identify and screen participants of their Token Sale.

Through our technology, CoinJanitor will be able to conduct its Token Sale with a Financial Institution grade KYC & AML/CTF compliance process, performing sanctions screening and terrorist watchlist auto-flagging against major government sanctions lists such as those from OFAC, EU and UN, among others.

In addition, CoinJanitor will be able to automate the process based on the applicants’ risk score and nationality, providing an outstanding user experience for both its compliance staff and its token sale purchasers.

CoinJanitor joins the long list of blockchain projects that have chosen SelfKey as the enabler of their Token Sale and decentralized platform KYC process.

Gone are the days that Token Sales were carried out without any kind of control or due diligence on who was participating. With the authorities closely following the sector, and with regulations coming soon, legit projects are avoiding risks and adopting the best KYC & AML/CTF practices.

SelfKey is positioning as one of the strongest players in the sector. With the aim of consolidating SelfKey as a market leader, we are working in improving key features of the KYC software and integrating it to the Identity Wallet, making our offer even more attractive and unique in the market.

As always, if you have questions or just want to chat about SelfKey with the core team, we invite you to be part of our Telegram community. To stay up to date on the latest news and announcements, join our announcement channel or subscribe to our mailing list.