WCX, I would like answers. Although you tout yourself as an open and honest platform, that is
really not the vibe you are giving off.
Let's look at one of your early quotes:
Security and privacy are fundamental to the design of WCX. Our business model is very straightforward: A great trading experience at very low cost. We don't ask for ID and we don't store IP addresses except in malign cases (a user / users trying to DDOS the service). 98% of customer funds will be stored in cold storage.
Let's look at more. Your history is full of these:
There will be no limits on withdrawals or deposits. We won't be dealing with fiat or banks, just cryptocurrencies.
We will not require KYC for any cryptocurrency deposits or withdrawals. When we integrate fiat later in 2018, KYC will be required if you choose to deposit or withdraw fiat - this is required by the banks who hold the fiat, not us in particular.
What do you tell us about referrals?
Referrals are going through smoothly. Please make sure whoever you refer verifies their email for their referral to count. Also that they are:
- using a real email, and not using a disposable email service to register
- not double registering with the same IP
How does the referral system count referrals?
Referred users need to verify their email for them to count.
Referrals are counted to you after they verify their email.
Let's assume you are honest.
I would request that you follow through with your original commitments. Those were the rules that we all agreed to play by, when we helped bring users to your platform.
XT is a cryptocurrency token. As such, there should be no withdrawal limits, or KYC required. That is what you proposed, correct?
And your requirements for a referral to "count" was that the user verifies email. Did you lie to us, or will that be the case, going forward?
The way I see it, you either are committing fraud, by changing the agreement midway, or you are going to rescind the KYC requirement.
Can you explain to me why you changed your earlier statements, and changed to the current setup?
Can you show me where you said that referrals and referrers would both have to end up doing KYC?
Can you tell me why you think changing the terms of an agreement after the fact is fair?
Can you tell me why almost every other referral system in existence does not have this requirement?
Can you demonstrate to me why referrals need to do KYC to "filter spam" when you said earlier that users only need to verify their email?
Can you tell me why KYC is not required to buy and sell on your exchange, yet is in order to "claim" what they have already earned by your own rules?
I'm very unhappy with what I've seen here. I'm not a bot. Nor am I a troll.
I'm just an unfortunate schmuck who took your words at face value. Did you lie to my face?