Copied from https://ico.savedroid.com/sale/:
Documents/information required (KYC)
These information are required by regulatory and compliance to prevent money laundering
Level 1: 10.00 - 849.99 € capturing name and country
Level 2: 850.00 - 4,199.99 € Level 1 + photo of ID card or passport + selfie
Level 3: 4,200.00 - 8,499.99 € Level 1 + Level 2 + proof of address via utility bill (if not included on ID card)
Level 4: >= 8500.00 € Level 1-Level 3 + capturing source of funds
Big deals: >= 100,000.00 € further proof of source of funds on request
Thank you for this information. you can see that it is an ICO in Germany. Many stricter specifications. Of course, this is partly due to the fact that you open a bank savings account, and on the other hand money laundering should be prevented, they want to know exactly where your money comes from.
So I have to look for other ways to hide my millions of moonstone sales from the tax office
Dear god it would be amazing if all ICO's followed this sort of level based identity verification. The fact is somethings i put in only 20-100$ in an ico and they want my left arm to confirm who i am. I'm sorry but KYC the extent of ID verification etc, really shouldn't be needed for <1000$, it seems savedroid realizes this and is trying to allow people to scale their relinquishing of information with their investment size.
This is how the real world works, i don't have to give utility bills to send my mom some money from western union why should i to buy 500$ of a coin...
Really hope the team knows how appreciative those small investors like me find this kind of scale based KYC.
I really do agree with you on this, savedroid is giving everyone the opportunity to be part of this, when starting up a project, is necessary you weigh the odds of secluding a particular set of people in terms of finance etc, erasing the errors of this odds makes the project solid, i really do appreciate savedroid for this
I think the first ICO that does that kind of identification for its investors. Sure is easy for small investors; Though KYCs can be annoying and scary for many it is a requirement for ICO to be able to cash out and the likes. That aside I am waiting for the result of reservations is it reserved?