Nestor Alpha
FAQ

Nestor Alpha's team has years of experience in the cryptocurrency industry and specialises in NFT analytics and fraud prevention. With the help of our services, NFT projects can demonstrate their legitimacy and potential through official Nestor Alpha Badges and Certificates.

We have been providing a research database for NFT communities of all chains, as well as analysis tools to many organizations and DAOs. 

We saw that the space lacked a trusted third party Audit and Dox Service and we have decided to fill that gap, going above and beyond to not only deliver a Dox service but also a detailed audit with our highlighted reasonings for our issuance so that investors are able to make their own decisions based on facts.

You can see projects that went through our vetting process on our Projects List.

Dox service's main function is to sign a legally binding contract to accept responsibility for your project and to confirm the team members' identities and ownership of the project. It serves as Stage One of our vetting system, with a Dox Badge as the end result. Dox service is a prerequisite for our Audit service and is provided as part of the Audit service order (at no additional cost).

The second stage of our vetting process is the Audit service. Along with the elements of the Dox service, it also includes in-depth research of the project and its team, analysis of the project, interview and discussion with all participants , an advanced promotional package, and a detailed PDF report that gives a good summary of your project. In addition to the Dox badge, projects that meet the minimum requirements receive our Audit Certificate.

For more information see our landing page, other FAQ sections, and our service comparison table below.

Having a vetting service with exceptional legal support has a number of benefits:

• Legal accountability for project ownership is established through a set of legal contracts that enable us to keep project founders accountable for their actions in the court of law.

• We are legally obligated to keep your personal information secure and never make it available to the public.

• We have been audited by a certified GDPR officer, which verified that all our processes were GDPR compliant. To our knowledge, no other company in the space has completed the same process.

• We are working with an international team of lawyers, who specialize in KYC, fraud prevention and AML and have previously worked for Bitstamp to help us improve our service.

Nestor Alpha is GDPR compliant and has been audited by a certified expert. We take care to treat your data carefully; additional security precautions are implemented, and only authorized individuals are allowed access to your data. Your full name, date of birth, and address will never be made public and will only be privately disclosed upon request made from authorities.

Learn more about the information we are gathering, what is being displayed, what it is being used for, and how long we can store it: https://nestoralpha.io/privacy/

Legal entity allows us to maintain lawful relationships with our clients, and it shows that we are serious about our mission. We want to be a relevant player in the ecosystem for the foreseeable future and to that end, we want to become a go to service provider for KYC and Audit for firms across web2 and web3.

Through the After-Rug Support System we intend to pursue the following objectives: 

• Conducting independent research on the topic of rug pulls and other exploits in order to discover possible safeguards, protective measures, as well as future mitigation of damages caused by the rug pulls;

• Preparing and issuing independent reports on the projects we consider to be involved in or conducting a hard rug pull;

• Educating communities on how to report such fraudulent actions to local authorities with the intention of potentially triggering a criminal investigation and a lawsuit;

• Helping communities with access to information and organisation needed for potentially filing a class action (collective lawsuit).

Note: After-Rug Support System is primarily in place for projects that have passed both stages of our vetting process and obtained a Nestor Alpha Audit Certificate.

Dox and Audit services are also available to post-mint projects. Not all successful projects gain their reputation on mint day. The majority of the most successful projects gained the trust and attracted investors by building consistently and proving they are worthy on their journey to the top. DeGods is the best example for this. So it is never too late to get audited during your journey to being a blue chip project.

Please see a list of all supported countries and document types on: https://sumsub.com/supported-documents/

We support all chains including Solana, Ethereum, Flow, Polygon, BSC, NEAR.