Basically ZNX token is the main legal tender of the platform and any person can become a participant irregardless of his or her gender, age or RESIDENCY. I highlighted residency because KYC is a token sales essential and their are banned countries stipulated in the form I have come across. How do you find a solution to address this problem?
We do not demand to disclose information about ourselves to those who buy tokens for cryptocurrency. Part of the culture of the crypto community is anonymity. If you buy tokens for fiat money - you need to fill out a questionnaire. Since the Bank requires disclosure of information about income. This is the decision of CEO.
You have your good reason but there are reasons Why KYC is crucial for ICO investment and this is clearly stated in the CNN website. Read the link: https://www.ccn.com/five-reasons-kyc-crucial-ico-investment/
ICO is still a crowdfunding sale and investors wanted security too for their investments and abiding to state regulations is also crucial for the success of an ICO.
We follow the KYC procedure for those who buy for the usual currency. Cryptocurrency is not recognized as a currency. It's a digital asset. We change one digital asset to another digital asset. This is a mutually beneficial exchange-it does not require KYC procedure. The cryptocurrency community is in favor of anonymity. Us too.
This is our position.
What kind of decentralization can a startup or a community talk about if it obeys the rules of centralized systems???
ZNX has an innovative concept as I realized. Using a blockchain based smart contracts can deter fraud and cheats. And ZNX has truly prepared for this because eSports platform do have problems with hacks and making an early solution to address this can make investment secure and ZNX team is making a great move.