FAQ V2

It is necessary to verify your identity in order to supply capital to Konkrete and later to participate in Governance votes.

U.S.-based individuals must also verify their Accredited Investors status in order to supply capital.

The identity verification process checks that you are a real individual, and then allows you to mint your UID. The process uses Persona and Parallel Markets to perform the third-party verification, which takes privacy and security very seriously.

Step 1 : Verify your address

1. Go to app.konkretedao.com/kyc . If you visit the Borrower Pool pages before verifying, they will prompt you to first verify on this page.
2. On the Verify your address section, identify whether you are an individual or entity, US or non-US based, and --for US based-- whether you are an Accredited Investor or not.
3. With Persona : After uploading your ID, you will see the Let's make sure it's you pop-up and you will be prompted to take photos of the front and sides of your face.
4. Done! The page should say you have successfully verified your address.

Disclaimer : Generally, the address verification process is instant. However, sometimes it can take some time for individuals to get verified. To ensure that you are instantly verified, see the "Helpful Tips" section below.

For individuals, you will be asked to uploas a passport or National ID documents. Passports are strongly recommended as Persona currently does not support some forms of national IDs. Entites will have to supply additional business documentation and information.

Helpful tips for Persona

Your identity is tied to your Ethereum account address, and you can only have one verified account. Unfortunately, there are some regions, like China, that the Goldfinch protocol currently does not support.

Here are some tips to ensure that your verification is successful on the first attemps.

Ensure taht the Identification Document (ID) you are using is an ID type that is accepted by Persona.

Passport is strongly recommended as an identification document, since Persona may not recognize some local IDs.

Make sure your ID has a full legaal name (given name + surname), a recent picture, your birthdate, and is not expired.

Qhen using a residence permit as an ID, make sure you take pictures of both the front and the back.

Use a phone or computer to take a picture of your ID and do not run it through an image editing software.

If you have registered on Persona once using a different Ethereum address, you will not be able to register again.

Some older forms of IDs, like domestic passports, may not work.

If you still run into issues, please message in the #verification-support" channel on the community-run Discord.