[ANN][ICO] KYC.legal - Blockchain identity verification - page 192.

turlando

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Quote from: mountainskyman on November 10, 2017, 10:33:08 PM

What are you going to do in order to provide liquidity to your tokens?

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.

mountainskyman

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Quote

Reward amount (50% of total price) can be shared between User and Tokenholder

Can't one person be both, user and tokenholder? Could you please explain this item a little bit more?

mountainskyman

member

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What are you going to do in order to provide liquidity to your tokens?

Muo

member

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Is it possible to read somewhere a confirmation from members of the advisory board regarding their support of the project and their view on it?

turlando

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Quote from: Limax on November 10, 2017, 10:14:34 PM

Quote from: turlando on November 10, 2017, 09:22:11 PM

In our system, all data is stored on the client's phone and only a hash of data is stored in the blockchain. Therefore, it is important for the client to ensure that his phone is with him and store the password from the phone in a safe place.

Thanks for your answers, now it's much more clear to me!
But if you have a working app already then why do you need ico?

We are glad to be able to help you

At the moment, only the first part of the project (self-verification) is up and running, but both are necessary for compliance with all KYC requirements. The second part (agent verification) will be launched in the near future.

Limax

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Activity: 364

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Quote from: turlando on November 10, 2017, 09:22:11 PM

In our system, all data is stored on the client's phone and only a hash of data is stored in the blockchain. Therefore, it is important for the client to ensure that his phone is with him and store the password from the phone in a safe place.

Thanks for your answers, now it's much more clear to me!
But if you have a working app already then why do you need ico?

turlando

full member

Activity: 350

Merit: 100

Quote from: IckyYak22871 on November 10, 2017, 09:37:01 PM

Quote

Maximum cap on ICO: $35 million

$35M for what? To put PKI onto blockchain? You can build a space rocket for this money.

KYC.LEGAL is holding an ICO in order to develop and implement a useful and urgently needed service for the market. There are currently no handy, simple and functioning client identification solutions on the market. We have a finished, operational application that can be downloaded and installed right now on iOS and Android. At the moment, only the first part of the project (self-verification) is up and running, but both are necessary for compliance with all KYC requirements. The second part (agent verification) will be launched in the near future. We estimate that $35 million is needed to achieve the project's business goals and to expand the reach of the services.

IckyYak22871

newbie

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Quote

Maximum cap on ICO: $35 million

$35M for what? To put PKI onto blockchain? You can build a space rocket for this money.

turlando

full member

Activity: 350

Merit: 100

Quote from: elitemom on November 10, 2017, 09:22:29 PM

Why does verification process take about 30 minutes, according to your one-pager?

This is the time that takes for the agent's arrival and verification of information.

elitemom

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Activity: 174

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Why does verification process take about 30 minutes, according to your one-pager?

turlando

full member

Activity: 350

Merit: 100

Quote from: Limax on November 10, 2017, 09:15:19 PM

Quote from: turlando on November 10, 2017, 09:08:58 PM

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.

Ok, and how the security of personal data is provided?

In our system, all data is stored on the client's phone and only a hash of data is stored in the blockchain. Therefore, it is important for the client to ensure that his phone is with him and store the password from the phone in a safe place.

Limax

member

Activity: 364

Merit: 11

Quote from: turlando on November 10, 2017, 09:08:58 PM

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.

Ok, and how the security of personal data is provided?

turlando

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Activity: 350

Merit: 100

Quote from: Limax on November 10, 2017, 08:58:08 PM

Quote from: turlando on November 10, 2017, 08:48:00 PM

Quote from: Destined2bGreat on November 10, 2017, 08:39:21 PM

There was mentioned already that all user's data is to be kept on user's own devices. Does that mean that agents will delete my data from their database immediately upon verification?

The product consists of two parts. The first part is independent self-verification. This is for those cases when the relevant service only requires users to independently put in their information, without any additional authentication, at the users' personal responsibility. The second part is when one of our agents goes to a convenient place of the user's choosing and confirms the information entered. Going forward, the KYC.legal checks this information against numerous databases, and the user receives the maximum level of verification and identification.
Agents do not store information about you, they only confirm the information you entered on your device.

And what's the point of these independent agents? And who checks the level of their "independence"

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.

Limax

member

Activity: 364

Merit: 11

Quote from: turlando on November 10, 2017, 08:48:00 PM

Quote from: Destined2bGreat on November 10, 2017, 08:39:21 PM

There was mentioned already that all user's data is to be kept on user's own devices. Does that mean that agents will delete my data from their database immediately upon verification?

The product consists of two parts. The first part is independent self-verification. This is for those cases when the relevant service only requires users to independently put in their information, without any additional authentication, at the users' personal responsibility. The second part is when one of our agents goes to a convenient place of the user's choosing and confirms the information entered. Going forward, the KYC.legal checks this information against numerous databases, and the user receives the maximum level of verification and identification.
Agents do not store information about you, they only confirm the information you entered on your device.

And what's the point of these independent agents? And who checks the level of their "independence"

turlando

full member

Activity: 350

Merit: 100

Quote from: Destined2bGreat on November 10, 2017, 08:39:21 PM

There was mentioned already that all user's data is to be kept on user's own devices. Does that mean that agents will delete my data from their database immediately upon verification?

The product consists of two parts. The first part is independent self-verification. This is for those cases when the relevant service only requires users to independently put in their information, without any additional authentication, at the users' personal responsibility. The second part is when one of our agents goes to a convenient place of the user's choosing and confirms the information entered. Going forward, the KYC.legal checks this information against numerous databases, and the user receives the maximum level of verification and identification.
Agents do not store information about you, they only confirm the information you entered on your device.

Destined2bGreat

member

Activity: 197

Merit: 10

There was mentioned already that all user's data is to be kept on user's own devices. Does that mean that agents will delete my data from their database immediately upon verification?

turlando

full member

Activity: 350

Merit: 100

Quote from: Limax on November 10, 2017, 08:24:05 PM

Quote from: mountainskyman on November 10, 2017, 08:12:10 PM

I am reading your paper on the website and cannot understand, forgive me my ignorance, about the project. Could you simplify what's it about in some words? Thank you

I guess it's all about protecting us from fraud by verifying personal data on blockchain tech, right?

Approximately true. The data is stored on the user's device. There is only hash in the blockchain.

Limax

member

Activity: 364

Merit: 11

Quote from: mountainskyman on November 10, 2017, 08:12:10 PM

I am reading your paper on the website and cannot understand, forgive me my ignorance, about the project. Could you simplify what's it about in some words? Thank you

I guess it's all about protecting us from fraud by verifying personal data on blockchain tech, right?

turlando

full member

Activity: 350

Merit: 100

Quote from: mountainskyman on November 10, 2017, 08:12:10 PM

I am reading your paper on the website and cannot understand, forgive me my ignorance, about the project. Could you simplify what's it about in some words? Thank you

yes, of course

KYC.LEGAL is a personal identity verification platform powered by blockchain technology, the company provides KYC solutions for crypto exchanges, ICOs, banks, funds etc.
It's the fastest and the very simple decision of identity verification.

mountainskyman

member

Activity: 226

Merit: 10

I am reading your paper on the website and cannot understand, forgive me my ignorance, about the project. Could you simplify what's it about in some words? Thank you

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