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Parallel ID is an interoperable identity and accreditation verification token for DeFi and metaverse dApps
Mint your Parallel IDExpand your product offerings across applications with interoperable KYC
DAOs and protocols can restrict membership, forum boards, voting and distributions to wallets with a valid KYC credential (PID Token).
Airdrops and free NFTs are often vulnerable to attack via wallet spam. Protect your project and community members by requiring KYC credentials.
Marketplaces can restrict listing visibility, bids or offers to sellers and buyers holding a KYC credential (PID Token). Retail and institutional investors benefit from KYC/AML provenance.
Using on-chain KYC gives DeFi projects confidence that no value is flowing to or from sanctioned parties. This opens the door for institutional investors to participate.
Off-ramps to centralized exchanges cannot consistently verify source of funds. With off-ramp support, CEX can require wallets have KYC credentials for sending funds to custodial wallets.
KYC Eth allows dApps and protocols to require KYC without recognizing KYC credentials themselves, affording KYC benefits permissionlessly.
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Contact us below to learn more about on-chain KYC and the PID Token. If you’re already using our token, reach out to be listed here.
Audited by Solidity Finance, built by Parallel Markets. A Web3 Token with the same rigorous data protection standard as our Web2 API.
