Soulbound ID

Soulbound ID is a distinctive identity verification service based on the web3 model.

It uses a non-transferable ERC1155 token as a tool for verifying the identity tied to specific wallet addresses. Wallet addresses bearing a valid Soulbound ID (SBID) are authorized to hold or manage security tokens, thus ensuring that only compliant investors are able to participate within the Stobox Ecosystem. This innovative approach to identity verification ensures the ecosystem's security and regulatory compliance, while preserving user privacy.

➡️ Product functionality and features

With upcoming regulations and stricter compliance procedures looming over the DeFi space, Soulbound ID emerges as a unique and timely solution for the market. It bridges the gap between the need for stringent identity verification and the desire for privacy and security in the digital asset space.