What is
A process used by businesses and financial institutions to verify the identities of their customers.
A process used by businesses and financial institutions to verify the identities of their customers. KYC is required by law in many countries to prevent money laundering and fraud. It often involves submitting identification documents.
Common questions about this topic
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
Financial repression includes capital controls, account freezes, surveillance, inflation, and restrictions on financial freedom. Governments use these tools to control citizens. Ergo provides escape: self-custody (no account freezes), privacy (no surveillance), censorship resistance (no blocked transactions), and sound money (no inflation).
Building DeFi on Ergo starts with understanding the eUTXO model and ErgoScript. Unlike account-based chains, Ergo's box model provides deterministic execution, no MEV by design, and predictable gas costs. Use Oracle Pools for price feeds, and leverage existing patterns from Spectrum Finance and SigmaUSD.