How much does it cost for users to use the KYC.Legal system?
Price for verification varies from $10 to $50 (depends on region)
Topic: [ANN][ICO] KYC.legal - Blockchain identity verification - page 104. (Read 44383 times)
Price for verification varies from $10 to $50 (depends on region)
How much does it cost for users to use the KYC.Legal system?
Who is accountable if, despite everything, something suddenly goes wrong?
Our agent is responsible for ensuring that all the information on a client is checked carefully. If there are problems, they are resolved through the courts. It will be fairly easy to identify a potential fraudster, as we will know quite a lot about him or her.
Who is accountable if, despite everything, something suddenly goes wrong?
How did the idea for the project KYC.legal come about?
About a year ago, our team was working on the creation of a microcredit product for the financial market. We wanted to make the process as simple, quick and reliable as possible. It turned out that the client identification solutions on the market were all too complex and difficult to use. There was simply no convenient solution. We were forced to think it up and create it. The application of crowdsourcing and external agents to the KYC concept makes it possible to ensure its simplicity and speed.
How did the idea for the project KYC.legal come about?
Could there not be a situation where a fake user confirms his or her identify with the help of a fake agent?
The initial information entered can be anything, even false information. However, when the order is processed we check the cardholder and the party who is paying the money. The card is issued by a bank, which performs some sort of check on its end. Potential agents also undergo a fairly in-depth verification process: utilities bills issued in their name and to their address, passport or other identification document, details of bank accounts that have been in existence for at least 45 days (this ensures another level of reliability, we do not want fly-by-night agents). We check those who will then check our clients.
Could there not be a situation where a fake user confirms his or her identify with the help of a fake agent?
Won't access to the services of your agents be limited to the big cities?
No, not necessarily. The project does not plan to maintain a staff of agents. Almost anyone who is willing to go and confirm someone's identity and verify his or her documents for $5-25 can become an agent. Like an Uber driver, it is enough for the agent to have our application, through which orders will be placed. If clients who would like to use this service appear in a certain region, we find local people who are willing to act as our agents.
Won't access to the services of your agents be limited to the big cities?
what is the minimum investment?
Hi there, you can see your minimum investment in your personal cabinet here: bookbuild.kyc.legal just log in or register.
Step 2, Choose crypto currency.
what is the minimum investment?
The following has been stated in the white paper and on the website:"User is able to choose information provided to service" - what does that mean actually?
I thought, required information is defined and is a must, sthus user cannot choose what to provide. Please, elaborate.
I thought, required information is defined and is a must, sthus user cannot choose what to provide. Please, elaborate.
Some of the users want to verify only their names and card id for example, that's their choice and everyone who want to verify their person can do that. For example in casino, or some sort of that, where you need to verify your age under 21 - that will help you do that, and solve many problems. For taking credit in bank you need to provide more personal information about yourself.
The following has been stated in the white paper and on the website:"User is able to choose information provided to service" - what does that mean actually?
I thought, required information is defined and is a must, sthus user cannot choose what to provide. Please, elaborate.
I thought, required information is defined and is a must, sthus user cannot choose what to provide. Please, elaborate.
Is it protected from hacking attempts?
Yes. We did the following:
1) Personal information is protected by encryption and biometric data
2) Data is hosted on user’s device
3) User is able to chose information provided to service
4) Document verification with digital sign
Is it protected from hacking attempts?
What actual problems does KYC.Legal solve?
Our solution is focused exclusively on client identity verification. Our slogan is "Quick and easy". Making it quick and easy to receive KYC. Using our platform, user verification, from the installation of the application and registration in the system to the arrival of an agent, takes less than 30 minutes. This solution will be applicable to all kinds of different areas of business, and not only to creditors.
What actual problems does KYC.Legal solve?
In a business model you shared on the official website it is clearly stated that 1 token is going to be locked for one months (interaction scheme for token holder and user). Could you please explain a bit more what is that 1 token and why should it be locked and why for one month?
It's blocked for using it later, for discount, so you can share it like referral every month.
In a business model you shared on the official website it is clearly stated that 1 token is going to be locked for one months (interaction scheme for token holder and user). Could you please explain a bit more what is that 1 token and why should it be locked and why for one month?
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