Quote
Hello everyone,
Let's talk about this KYC, As a Security token offering we are operating our crowdfunding through worldwide financial regulations. The very basics of this is to combat Anti-money laundering. To achieve this our investors will need to undergo KYC to prove their identity, and depending on jurisdiction further assessment will be required, to then be approved and placed on our whitelist.
I can assure you that it's not a financial raise, the $2 charge, but is simply the cost, per application, from our partners Sum & Substance.
Let's talk about this KYC, As a Security token offering we are operating our crowdfunding through worldwide financial regulations. The very basics of this is to combat Anti-money laundering. To achieve this our investors will need to undergo KYC to prove their identity, and depending on jurisdiction further assessment will be required, to then be approved and placed on our whitelist.
I can assure you that it's not a financial raise, the $2 charge, but is simply the cost, per application, from our partners Sum & Substance.
Quote
How many mining projects failed miserably last 2018, Some cancelled their ICO and never refunded their investors.
The $2 fees will be frowned upon by all possible investors and they will turn off by this method. The best thing is to ask KYC for all those users that already bought the token.
The $2 fees will be frowned upon by all possible investors and they will turn off by this method. The best thing is to ask KYC for all those users that already bought the token.
Unfortunately this method isn't possible. It's impossible to purchase tokens before the whitelisting process has been completed. I could understand it to be "off-putting" to investors if the charge was excessive but $2 is dismissible when vesting into MinedBlock
