Syklo's characteristics

Modified on Mon, 27 May 2024 at 09:30 AM

Non Custodial:

Syklo does not have custody of funds, they are stored only on the Blockchain. Syklo does not gain access to funds at any time as they are safeguarded by the user's private key. 

This private key is protected by a 6-digit code (PIN) that each user enters during registration. You can check your balance and transactions directly and in real time on the Blockchain.

In the future, when Syklo no longer subsidizes gas or transaction costs on the blockchain, the private key will be available to each account holder without the additional protection of the security PIN.

No Traditional KYC: 

By not holding users' funds, Syklo does not need to impose costly know-your-customer processes on its users.

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