Topic: Spreading the joy of winning, one jackpot prize at a time! What is MITOSHI - page 30. (Read 5149 times)

Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

One good advantage to this is the ease of transaction because KYC onstitute a whole lot of delay most especially when it extend into days before confirmation of application. Now transactions can be done with the speed of light and thats cool

I think most projects request for kyc as a result of regulations and stuffs. Its a hectic process yes. But it also helps in providing a form of security.

well kyc seems to be a norms and good way to protect themselves from coming legal issues though People loves to keep these personal details private kyc process usually make people rethink but as the kyc is not mandatory I think its going to be very easy for token buyers as well as for the team members .people and the team doesnt have to suffer with the long process of kyc.

jumiapaul

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Quote from: kriszz50983 on June 30, 2019, 12:32:03 AM

Quote from: Lizcrypto on June 29, 2019, 10:13:05 AM

Quote from: Pricebrianer on June 27, 2019, 01:57:22 PM

What’s the limit on investment in Exmarkets launchpad? Do I need to pass a KYC/AML for your tokens? Is MTSH Tokens a utility token or securities?

bounty participants doesn’t need kyc as fas as limit in Exmarkets launchpad is concern am not sure .but kyc is not needed and mitoshi token is not a security token it is a UTILITY token.

I think he/she is not referring to bounty tokens but asking if KYC is needed for buying tokens. KYC is mandatory for all buying.

It's a known fact that KYC is not required for the purchase of utility tokens and as it stands, Mitoshi is a utility token and team has given a clarification that KYC is not necessary, both for the purchase of tokens as well as the participation in the lottery games.

charlop24

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Quote from: champ005 on June 30, 2019, 03:46:56 AM

At the site I can see they mentioned that Mitoshi tokens are utility tokens and the sale of its tokens are for the future participation of Mitoshi's lottery draws in a smart contract platform. Does this mean only these tokens will be used for lottery and no other currencies allowed?

It would be an aberration to use several currencies for the lottery. The major use case for the mitoshi tokens is for the lottery. Every participant only needs to convert their btc and eth to mitoshi tokens to be able to participate in the lottery draws. Taking a closer look at exchange platform with tokens, you would find out that payment of trading fees with the exchange tokens are encouraged because that's the major use case for the tokens.

nwosuchristabe2

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Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

This is exactly what the project needs. Kyc tend to bring restrictions on the users and investors. As we know most USA residents are not allowed to participate in tokensale, but since there's no restrictions on kyc, everyone can purchase tokens irrespective of nationality.

Kinkadeinspired

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Quote from: AngelJoshua on June 30, 2019, 10:43:00 PM

Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

One good advantage to this is the ease of transaction because KYC onstitute a whole lot of delay most especially when it extend into days before confirmation of application. Now transactions can be done with the speed of light and thats cool

I think most projects request for kyc as a result of regulations and stuffs. Its a hectic process yes. But it also helps in providing a form of security.

Yes that's the good thing on having on kyc, The people will going to feel more secured while using the system because they know that the people they are playing with are legitimate. It's just really going to take a lot of time before they processed it all.

I really do buy the idea of KYC because of the legitimacy and security factor but I think it will be good if we can get some level of guarantee that our information will not be abused. Because many projects come up just to steal people's personal information and all.

Zurcermozz

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Quote from: AngelJoshua on June 30, 2019, 10:43:00 PM

Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

One good advantage to this is the ease of transaction because KYC onstitute a whole lot of delay most especially when it extend into days before confirmation of application. Now transactions can be done with the speed of light and thats cool

I think most projects request for kyc as a result of regulations and stuffs. Its a hectic process yes. But it also helps in providing a form of security.

Yes that's the good thing on having on kyc, The people will going to feel more secured while using the system because they know that the people they are playing with are legitimate. It's just really going to take a lot of time before they processed it all.

Oh KYC is needed? can i ask something , how can we know that all of our information will be secured? will they gonna used program or any third party services ?

AngelJoshua

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Activity: 630

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Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

One good advantage to this is the ease of transaction because KYC onstitute a whole lot of delay most especially when it extend into days before confirmation of application. Now transactions can be done with the speed of light and thats cool

I think most projects request for kyc as a result of regulations and stuffs. Its a hectic process yes. But it also helps in providing a form of security.

Yes that's the good thing on having on kyc, The people will going to feel more secured while using the system because they know that the people they are playing with are legitimate. It's just really going to take a lot of time before they processed it all.

gee777

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Activity: 728

Merit: 10

Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

One good advantage to this is the ease of transaction because KYC onstitute a whole lot of delay most especially when it extend into days before confirmation of application. Now transactions can be done with the speed of light and thats cool

I think most projects request for kyc as a result of regulations and stuffs. Its a hectic process yes. But it also helps in providing a form of security.

olohifie

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Activity: 224

Merit: 1

Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM

Quote from: ning_aric on June 30, 2019, 04:30:32 AM

I read somewhere that users on your platform don’t need KYC/AML to play. That would be awesome. It’s solves restrictions issues. Users can participate with no restrictions.

No KYC for playing but then to play we need Mitoshi utility tokens and for buying same we need to do KYC. So in short we need to go through KYC or I am missing something here?

Well people are still confused about this but i have confirmed from one of the telegram admin he said that kyc is not needed for playing and as well as for buying token .

One good advantage to this is the ease of transaction because KYC onstitute a whole lot of delay most especially when it extend into days before confirmation of application. Now transactions can be done with the speed of light and thats cool

Pricebrianer

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Activity: 364

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Quote from: mig6r on June 30, 2019, 01:48:42 PM

If the service is fully decentralized how would you even KYC network participants?

Regulations, that’s why new project have to keep KYC informations. I think projects would need KYC/AML from investors just until cryptocurrencies are wildly acceptable and proper regulated.

mig6r

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Merit: 250

If the service is fully decentralized how would you even KYC network participants?

Getadaaa

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Quote from: Lizcrypto on June 30, 2019, 12:36:28 PM