KYC Policy

Effective October 12, 2024

Internset DAO LLC, an algorithmically managed decentralized autonomous organization, is committed to maintaining compliance with global regulations and ensuring a secure ecosystem. This KYC (Know Your Customer) policy mitigates risks such as money laundering, fraud, and other illicit activities while adhering to the decentralized principles of Stipent.

This policy applies to all users engaging with the Internset DAO ecosystem, including financial transactions, token transfers, and platform activities. Governance participation remains open to all Stipent token holders, with optional KYC for certain roles or activities to enhance transparency and credibility.

1. KYC Verification Levels

Internset DAO has implemented a tiered KYC process to ensure accessibility for general users while meeting compliance requirements for higher-risk activities.

Basic Verification

Basic verification requires users to verify their email address or connect their Internset DAO profile. This level provides access to low-value transactions (up to US$500 daily) and basic platform features while maintaining accountability.

Intermediate Verification

Intermediate verification involves submitting a government-issued ID, such as a passport, driver’s license, or national ID. Verified users at this level can access features and conduct transactions up to US$5,000 daily.

Advanced Verification

Advanced verification applies to high-value users and activities. This level requires live video verification, during which users must present a government-issued ID. Verified users can access high-value transactions and unrestricted financial features, with limits of US$100,000 daily, ensuring compliance with regulatory standards.

2. Participation in Governance Framework

Participation in the governance framework of Internset DAO is open to all Stipent token holders, with no mandatory KYC requirements for general governance activities. However, individuals seeking to assume elevated roles, such as submitting significant proposals, initiating high-impact governance actions, or participating in specialized committees, may voluntarily undergo additional identity verification. This optional KYC process establishes a higher standard of transparency and accountability while maintaining compliance with the DAO’s internal governance protocols and applicable regulatory frameworks.

3. Ongoing Monitoring

Internset DAO actively monitors all interactions within its ecosystem to mitigate risks and ensure compliance, including activities on decentralized exchanges such as Uniswap. While the DAO cannot enforce KYC directly on decentralized platforms, it employs robust measures to track and assess risks:

1. Blockchain Analytics: On-chain transactions involving Stipent are analyzed using blockchain tools like Chainalysis and TRM Labs. These tools identify suspicious wallet activities, irregular transaction patterns, and potential risks.

2. Threshold-Based Monitoring: Wallets holding or transacting significant amounts of Stipent are flagged for further scrutiny. Users may be required to undergo additional verification if their activities exceed predefined risk thresholds.

3. Suspicious Activity Management: Internset DAO reviews unusual transaction patterns and addresses them proactively. Any wallet linked to high-risk activities may face access restrictions or further investigation.

4. Data Privacy and Security

All personal information collected during KYC verification is securely stored and handled in compliance with global data protection standards, including GDPR. Internset DAO does not share user data with third parties except as required by law or regulatory authorities. Advanced encryption and regular security audits safeguard user information against unauthorized access.

5. Compliance and Legal Obligations

This KYC policy aligns with local and international Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) regulations. Internset DAO monitors and tracks Stipent transactions across its ecosystem, including decentralized exchanges, to ensure compliance. The DAO also reserves the right to update its KYC requirements as regulatory standards evolve.

All users must provide accurate and truthful information during KYC verification. Submission of falsified documents or engagement in suspicious activities may result in account restrictions or termination of access to the platform.

6. Support and Assistance

Internset DAO offers dedicated support for users navigating the KYC process. For assistance or inquiries, users can contact the support team at support@internset.com. The team provides guidance to ensure a seamless and transparent verification experience.

7. Policy Review and Adaptive Compliance Mechanism

The KYC policy of Internset DAO undergoes periodic evaluations to ensure alignment with evolving regulatory landscapes, emerging risks, and industry standards. These evaluations are conducted in accordance with applicable legal and compliance frameworks and may include internal assessments, third-party audits, and consultations with regulatory experts.

As part of its commitment to continuous improvement, Internset DAO reserves the right to amend, supplement, or replace this policy in response to material legal developments, operational needs, or advancements in compliance technology. Users will be notified of any significant changes through official communication channels, ensuring transparency and adherence to due process in the implementation of updated compliance measures.