Topic: [ANN][ICO] KYC.legal - Blockchain identity verification - page 186. (Read 44383 times)

I bold your answer in the first post , You clearly say tokens will make you agent and will allow you verification new users , Anyway maybe you miss explain it , It happens sometimes . Can I know what will be the use of this service ? . Lets say I got verified by this service . How I will use this verification I got on other sites etc ! . As far as I know every site require his own KYC . For example I will not get verified in polo exchange if I showed them that I am verified in another exchange right ? I have to verify myself for each exchange . Now what will make other sites , exchange accept your verification ? . Another example I can not just go to paypal and tell them hey verify my account because I got verified by KCY.legal token .

At the moment, only the first step of verification is realized - self-identification. The second step in the developIng process.

Hi, you said the verification consists of two stages - are they both being utilized but the already developed apps of yours?

And Asian countries will be included, too?

Many countries and industries have specific rules on client relations. For example, it is incredibly difficult, nearly impossible in fact, to open a bank account or receive a prescription for a rare medicine without proper proof of identity. In the USA this concept is called Know Your Customer, or KYC. Our product allows the identity of users to be established and documented, so that going forward they can register for any services that require such verification by providing only that information which is required for each individual service. Our solution will help them to quickly and easily become verified users. We have created a product that makes it much easier to comply with client identification requirements. The product is made up of two parts: document verification through a mobile application, and verification of identity and documents with the help of a KYC.LEGAL agent. The entire process should take no more than 45 minutes, which is an all-time record on this market. We have a finished, functional application, which can already be downloaded and installed on both iOS and Android

We are targeting the entire world, without limitation. We are already set for rollout on the English- and Russian-speaking markets. In the future we plan to expand around the globe.

More details about ICO lengths and further unsold (if there any) tokens will be provided soon in the official whitepaper. Please, stay tuned

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.

Our security system was designed by internationally acclaimed security experts, so we take this question very seriously. You may check the following:
How to Secure your MyEtherwallet Security/Private Key/Keystore File - https://www.youtube.com/watch?v=NhdOzHrSzR8

Furthermore, there are few more security measure we rely on.
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


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.
A document identification system will be used to check the documents submitted during user verification, and we also perform an AML check and use various other internal and external services that allow us to verify the provided documents.
During the second stage of document verification, we use agents who must confirm that the person exists and that the documents indeed belong to him or her.
It is similar to the example of receiving a credit card from a bank. The bank sends a courier who checks the recipient and his or her documents.

what happens to the unsold token that is not sold out in the main sale for the ICO? Burn or go back or will there be another redistribution post-ICO?

I want to know what the principles of your identity verification, but to know the blockchain but decentralized, you are going to open up a copy of the chain used to verify the main chain?

Will you launch in one country only or simultaneously in several countries? I am more worried about possible legal complications, to be honest.

If I my verification is denied by the agent and later it is found that mistake was on the agent's side - will the agent bear any responsibilities for  that?

The following token concept has been developed. The KYC.LEGAL token is a utility token which offers its holders numerous advantages. The main advantage is the possibility of getting a 50% discount on the KYC verification services offered by the platform. This discount is not available to people without tokens. To receive the discount, they will need to lease the project tokens from token holders. In this case, the 50% discount is split equally between the lessee and the token holder, i.e. each receives a 25% discount on the full cost of the services. Therefore, along with the opportunity to take advantage of a 50% discount on services, token holders can also receive an economic benefit from the lease of tokens. After a single use, the tokens will be temporarily deactivated. Therefore, to be able to regularly use the platform's services and lease the tokens, token holders will have to purchase enough tokens to satisfy their needs. Plans for the future also include the possibility of withdrawing tokens from the system and selling them on an exchange.

The token is designed in such a way that the tokenholder will not be profitable to sell it in the future. It is much more profitable to make money on it regularly. (giving a discount to new customers). Considering the above, the token will have high liquidity.

You are able to buy KYC Tokens using BTC, ETH, LTC, DASH, ZEC, or USD (wire transfer for any amount over $10,000).

We estimate that $35 million is needed to achieve the project's business goals and to expand the reach of the services.

And what about ETC or Expanse to buy your tokens?

and will it be exchangeable?

Well, considering the fact you have already a working app, and your 10 years experience, the ICO is worth participating, right?)) I'm in!

How long will ICO last?

What revenue plans to achieve the company has after carrying out ICO?