I have visited and read some information on the site and saw that investors need KYC to be able to join the ICO sale? Is that little strict?
Yep, I read their article on steemit. KYC is necessary to enter Whitelist and Every person who completes their KYC profile with a positive effect will be included in the lottery, then any person that wins the lottery is considered to be whitelisted.
It seems like a complex process to me.
I am actually wondering why do they still need lottery is it as if they have a high hype for this ICO. They were only able to build up a big community because of their airdrops.
Usually, in whitelisting stage, you can get the token with large discount compared to other stages and this is the reason why most investors try to apply to whitelist. On other hand, projects offer limited amount for sale in that stage. Therefore the demand would be more than the supply and the lottery would be tool to select investors that will get tokens with that discount.
Doesn't mean you invest in every other bloody ICO, that's a really really good way of losing all your money cause you were investing in crappy ICOs
When you are a wise investor, the first you do is to research first the ICO or project that you are planning to join in, to make sure, You will have insurance in the end right?
