Thanks for the questions guys, here we go:
do you cooperate with huptex and hexxchange? because I see your logo look same
We set our logo when the company was founded April 2018 (
Crunchbase). Don’t recall either of those projects being around, at least on our radar, back then. It is indeed coincidence (
a lot of logos tend look similar) but glad you pointed them out so we can avoid confusion for our users!
There are countless other ways to eliminate US citizens from your airdrop, such as checking IP address, connecting with a profile on social networks, verifying address of residence by supplying utility bill, etc. Check with your legal department.
We have to perform KYC/AML checks like any other legitimate project that ensures compliance with existing securities, financial, and anti-money-laundering laws and regulations.
It’s our responsibility as company to ensure that everybody receiving our Airdrop is a real person from a country eligible to participate. Current US regulations do no permit US persons to participate in Airdrops if the underlying token may be classified as security in the US. As every US lawyer will confirm: geo-blocking IPs, utility bills, or social network profiles are NOT sufficient in the eyes of the SEC.
We are not looking to sell our token. We are giving a gift to people who are willing to prove they are real, non-US persons. As EU company we have to comply with GDPR. You can always have us delete your personal data if you change your mind.
Caution is very important this is because fraud will continue to grow over time without security or a team that is indeed researching the project will develop or not. Hope that a team will come to inspect the project in this forum.
The smart contracts are almost done being audited and will be open sourced for anyone to analyze with bug bounties of course. Our regulatory compliances and disclaimers are all being updated and will be in full view on the site. Whether you’re comfortable with EU regulations on crypto, finances, and privacy is up to you.
Giving up KYC only for small airdrops? I guess that won't work. Especially now the market is in a state of collapse.
At least of 50% of the total token supply will be in user’s hands. This isn’t happening overnight and airdrop is first step in that.
if Morpher is adhering to such regulations in your country, does it mean that you already have the registration of your company or license to undertake crypto trading business?
Morpher has taken all necessary steps to be compliant under current EU regulations (MiFiD II).