There are many good articles online advising people on cryptocurrency due diligence. And for good reason. This unregulated space is ripe for fraud and news about scams is growing every day. Steemit even posted this humorous page showing how easy it is to get scammed.

The missing link in all of these due-diligence recommendations is the use of an official background check on a startup’s founders and team members to verify their identity, education credentials and professional achievements, and to determine if they are fiscally responsible and if they have ever been convicted of a crime.

This is especially true when a startup is at the pre-ICO stage. It’s one thing to analyze things like their website, white paper, slack channel/blog, media coverage, social proof, token distribution and Github commits, to name a few, but nothing says “legitimacy” like a clean background check from an independent third-party employment screening company.

This is the kind of information most employers use to inform their hiring decisions so why wouldn’t you require this to inform your Altcoin/Token purchase decisions?

If you’re looking to spend your hard-earned money purchasing any Altcoins or Tokens, you should require the startup’s founders and team members to submit to a background check that includes an identity verification search, an education verification search, an employment verification search, a bankruptcy and civil records search and a criminal record search.

Only a background check company can provide access to this information and we are doing this with the BitCheck Dossier.

The BitCheck Dossier is a report that features comprehensive background information on each founder and team member of a pre-ICO startup. It’s designed to verify that the founders and team members are presenting factual information about themselves, solidifying their reputation as a legitimate company. It can also be used to vet startups that have closed their ICO but there’s a lot more uncertainty about a startup at the pre-ICO stage.

Our sources include access to education institutions, past employers and court records worldwide. This is the kind of information that’s virtually impossible to forge, which makes it the most valuable part of anyone’s due-diligence effort.

There are no guarantees, of course, but if a startup’s founders will submit to a background check, proving they have nothing to hide, and if the background checks come back clean, then you will have reliable inteligence to help support your decision.

Click here to view a sample BitCheck Dossier.

Before you buy any Altcoins/Tokens, ask the startup to purchase a BitCheck Dossier on their founders and team and share it with you. They can contact us here.