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 a current exchange or verified venue, then make a small test transaction. After that, explore NFTs, mining, DeFi references, or the developer stack 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.
Providing liquidity on Ergo depends on the current active DEX or AMM venue. In general, you deposit equal value of two assets into a pool, receive LP tokens representing your share, and earn a portion of trading fees. Spectrum Finance is historical/frozen since February 2024, so verify the active venue, contracts, liquidity depth, and withdrawal process before depositing funds.
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).