Platform for Unique Identification

A Web3 identity infrastructure designed to enable compliant and more trustworthy use of digital assets.

Plunid is a Web3 identity platform that enables verified users to access digital services and interact with Plunid-issued digital assets through a single verified identity. We support compliant use of digital assets within applicable legal and regulatory frameworks. Plunid identity platform is focused on:

Increasing trust and transparency in the crypto space

Let’s make the crypto space more accessible and trustworthy.

Problem

Many non-crypto users are frightened of the crypto space. Some of them even think that it’s all based on scams, fraud, and illegal activities. Who can blame them?

We need to lower technical barriers and help make the crypto space more secure for those who wish to join in.

Why is it a problem?

While the majority of blockchain activity is legitimate, certain segments of the crypto ecosystem have been associated with fraud, scams, money laundering and other illegal activities (Ponzi and pyramid schemes, rug pulls and exit scams, fake exchanges and wallets, phishing scams, …). Lot of crypto price volatility and speculations, and price manipulation (pump and dump, whales in the game). Failed projects and lost investments. You name it.

Businesses are hesitant to accept crypto customers because they don’t know who’s behind all those crypto adresses. So they’re sticking to existing reliable and globally accepted payment solutions.

Solution

A lack of clear regulations and transparency leads to a lack of trust. One of the Plunid’s primary objective is to increase trust and transparency in the crypto space by becoming a trusted Web3 Identity Provider (IdP). Plunid identity platform combines regular users, their businesses, and governments into one platform and provides security and compliance mechanisms for each player in the crypto space.

What’s in it for you?

  • The Platform is designed to significantly reduce the risks associated with fraud and identity abuse – because everyone who transacts in Plunid-issued digital assets is identified on the platform. Every Plunid profile is activated only after successful completion of the applicable identity verification procedure (KYC/KYB), performed in accordance with the Platform’s compliance requirements.
  • If Plunid-issued digital assets are transferred to another Plunid address by mistake, eligible users may request assistance through the Digital Asset Recovery procedure, subject to the Platform Rules.
  • You lost your private keys, or someone stole them from you? No problem. We will make sure that all your Plunid-issued digital assets gets recovered. (recovery is available only after successful identity verification and in accordance with the Platform Rules, applicable law and technical limitations).
  • On Plunid platform we take extensive measures to make sure that there are no duplicate or fake user accounts. The Platform is designed to significantly reduce the creation and use of duplicate or fraudulent user accounts through identity verification procedures.

Redefining blockchain authentication

Making life easier and more secure for the ordinary crypto user.

Problem

You’re a crypto user, but whenever you want to sign in to a crypto-related service or platform, you still have to log in using an email or a mobile app.

Why is that a problem?

Emails can be hacked, and phones can be physically stolen.

Why not use one of your most security-sensitive assets—the same one that protects your funds—for authentication instead? Your crypto wallet.

Solution

As a future trusted Web3 Identity Provider (IdP), we’re working on a Sign in with Plunid solution. This is our first step toward Plunid SSO (Single Sign-On).

With an active Plunid personal profile, you will be able to use your Ethereum address as your single, unique on-chain ID—just like an email on the web.

What’s in it for you?

  • No need to use your email—enjoy an easier sign-in process.
  • With SSO, there’s no need to repeat the same authentication process.
  • Reduces the risk of identity theft.

Redefining blockchain business operation

Making life easier for all the regular businesses that want to expand their presence into the crypto space.

Problem

You own a successful business in the real world and you’d like to offer and sell your products/services to on-chain customers. Or you’d like to enable your customers to pay by using their crypto, right? So why don’t you?

Why is it a problem?

Regulatory treatment of crypto assets differs across jurisdictions, also most crypto is basically uncharted territory. You’re afraid of scams, frauds, regulatory uncertainty, and legal liability. It’s much safer and simpler to do it in-store (brick and mortar) and within an online shop dealing with fiat currencies, or with regular bank accounts and credit/debit cards.

Solution

Create your Ethereum address. Register your business in Plunid (register a business profile). Once you fill in all required data and we verify your business identity – we’ll activate your business profile.

What’s in it for you?

  • You’ll gain more customers.
  • No need to worry about cryptocurrency volatility (Plunid-issued digital assets are stablecoins).
  • No need to worry that you’ll lose your Plunid-issued digital assets if you lose the keys for your Ethereum account.
  • Businesses benefit from verified customer identities established through the Platform’s identity verification procedures, helping reduce fraud-related risks.

The services, products and functionalities described in this section as a business offer represent planned developments and may become available only after obtaining the required regulatory approvals, or after implementation by the Platform.

Supporting regulatory oversight

Plunid is designed to operate within applicable regulatory frameworks.

Problem

Tax authorities are responsible for enforcing tax legislation (whether that’s a VAT, income, and sales tax, capital gains or loss, …). Regular banks have mandatory reporting so it’s easy to work with them. But it’s totally different within the crypto space.

Why is it a problem?

Because the crypto space is disconnected from the real-world economy. You can’t always know who’s the owner behind the crypto address (crypto anonymity). And even if the tax authorities know the starting point (they’ve linked an individual to his wallet address) it’s tough to track all transactions because there are some crypto exchanges and cryptocurrencies that have totally anonymous transactions (Zcash, Dash, Monero, …). That’s why most tax regulations are based on crypto-to-fiat transactions.

Solution

Plunid Platform is designed to support interoperability with central bank digital currencies (CBDCs) issued by a central bank on Plunid infrastructure, where such interoperability is made available by the relevant central bank and permitted under applicable law. If a central bank issues CBDC on Plunid infrastructure – the same institution can register its government profile. From that moment on – all businesses and individuals (residents of that country) with active Plunid profiles may be permitted to use CBDCs for tax payments where such use is authorized by the relevant public authorities and applicable law.

What’s in it for the governments?

  • Transaction traceability – Transactions involving Plunid-issued digital assets are recorded on the blockchain and are traceable within the technical capabilities of the Platform.
  • In case of suspicious activities, subject to applicable law, competent public authorities may request information available to the Platform in accordance with applicable legal procedures.

Regulatory Notice

Plunid is a Web3 identity infrastructure. Unless explicitly stated otherwise, nothing on this Website should be interpreted as an offer of banking services, payment services, investment services, or regulated crypto-asset services. The availability of individual products and services depends on applicable law and any required regulatory approvals.