IDOS, a decentralized identity layer token, has gone live on Kraken's trading platform. The token allows users to complete Know Your Customer (KYC) verification once and reuse those credentials across various apps, wallets, and blockchains.
This is achieved through the use of end-to-end encrypted decentralized storage, where users maintain control over their data. They can selectively share their identity information and revoke permissions as needed.
IDOS is an ERC-20 utility token deployed on Arbitrum One with a fixed supply of 1 billion tokens. It secures the idOS network through staking, enabling node operators to participate by staking tokens, and holders can delegate to earn a share of network fees.