Do you plan to bring anymore advisors on?
At this stage, our plans don't include an increase the staff of advisers. |
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Gadgets of what brand can be used in your verification?
For verification, you can use smartphones on the Android and IOS |
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How much is the transaction cost?
Clarify your question, please. Transaction with an agent for verification? |
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It would be great to use technology offered by Civic for KYC
Every new technology makes our world better every day!) |
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why you need decentralized scheme here, how it is implemented and what are benefits of it in your project?
The system of decentralization was chosen by us as the most useful and as cheap as possible for the implementation of our project. Advantages of decentralization are clear: 1. High adaptive abilities (structural flexibility). In a decentralized system there is no clearly expressed "most important" link (subsystem) and main links. In other words, there is no "unquestioned credibility" or a key element. Therefore, each subsystem accepts how to change its connections independently. Hence the system as a whole can relatively easily change its structure depending on the situation and its own criteria of correctness of behavior. 2. Relatively high operational reliability. Once there is no main subsystem in the network, then problems in any subsystems can not lead to the disintegration of the system. The system is to some extent redundant - almost always there is some subsystem that will replace the retired. |
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And what about agents control? Like, agent can be a relative to the verified person. Or agent can be interested in money he gets but not the quality of work he did.
Also, in what part of the process blockchain is used in?
We will announce information for incidents like that. We are ready to make a "black list" for companies. If a person, having passed our verification, then falls into some bad situation, then we can provide this information to outside organizations. And this person can no longer use the service of certain services. Hash of data is stored in the blockchain. If something happens with the user's device, user can re-enter the data and go through the verification with a hash. |
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If one of the documents of a person is changed or is not legal anymore , does he stay verified in the system? For example new passport with new surname in case of marrige.
Good question, thank you. We will announce information about it later. This is the third stage of verification. We will add information to the customer's original data, and the services at registration will be able to see that a person has fallen into one or another story. By the way, credit organizations, if they wish, can also receive through us, for example, data on a person's credit history. We are currently developing such a system. |
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What can I pay for the service in the future?
Thanks for your question. The service will be paid by debit/credit card or through PayPal service. |
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What are the legal features of the implementation of this project ?
In our model we took into account the international experience in this issue and made a unique application that will allow to convey verification of data almost all over the world! Even if there are any restrictions to it, it can be done this way in the majority of the civilized countries! It is the same with getting your insurance or a credit card online, when you need to prove that the client is real and alive. With the help of blockchain technology we can also take law aspects into consideration. Also, KYC.Legal is very serious about compliance. We have developed our Privacy Policy that covers how we collect, use, and disclose your information. |
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How do you use your advisers team ?
We use a advisors team to obtain their advice on refining the business model and product. We also receive assistance in the management of our project in their specialized fields of activity. For example, David Drake will lend to the project his substantial knowledge of the market and will advise the company on key issues of conducting a successful ICO, such as legal compliance, business development, and investor relations. |
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What functions does your token implement?
Thanks for your question. 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. |
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Do you have an escrow or something like that in your service (app) ?
At the moment escrow is not applied. |
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Do you know already at what exchanges your tokens will be listed?
We have already concluded a number of partnerships with exchanges and services. We will announce them in the near future. What is the main competitive advantage of your app?
In our model we took into account the international experience in this issue and made a unique application that will allow to convey verification of data almost all over the world! Even if there are any restrictions to it, it can be done this way in the majority of the civilized countries! We are focused exclusively on client identity verification. Our slogan is "Quick and easy". Making it quick and easy to receive KYC. Using our platform, user verification, from the installation of the application and registration in the system to the arrival of an agent, takes less than 30 minutes. This solution will be applicable to all kinds of different areas of business, and not only to creditors. |
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What are the fees for the client and an agent to use the service?
Verification costs 10-50 USD (depends on region). Tokenholder can divide the half of it between him and a new user, who needs a verification. He should transfer tokens into stack on his backoffice. After that he willl receive a refferal link. Tokenholder can place it in some internet resources (website, social networks etc). When user (who needs a verification) follows this refferal link and pays for a verification ($10-50), he recieves a discount and the tokenholder recieves the rest part of the half of verification price. The tokenholder should decide (and fix it in his stack) in what proportion the half of the verification price will be divided between him and the user. The stack is a personal cabinet into which the tokenholder placed his tokens and generates a unique link with its unique price at which customers can get a special price different from the base price. The token is blocked for 1 month after it is called by the agent and then you can use it again. Example: Basic price 10usd=5usd (agent cost) + 5usd (kyc.legal revenue). Special tokenholder price 7.5usd=5usd (agent cost) + 2,5usd (tokenholder revenue). Tokenholder can choose his revenue in stack from 1usd up to full agents price. What are the main directions of development of your project ?
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 |
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What are the main disadvantages of the nearest competitors of your project ?
In our model we took into account the international experience in this issue and made a unique application that will allow to convey verification of data almost all over the world! Even if there are any restrictions to it, it can be done this way in the majority of the civilized countries! We are focused exclusively on client identity verification. Our slogan is "Quick and easy". Making it quick and easy to receive KYC. Using our platform, user verification, from the installation of the application and registration in the system to the arrival of an agent, takes less than 30 minutes. This solution will be applicable to all kinds of different areas of business, and not only to creditors. How can I spend these tokens ?
Verification costs 10-50 USD (depends on region). Tokenholder can divide the half of it between him and a new user, who needs a verification. He should transfer tokens into stack on his backoffice. After that he willl recieve a refferal link. Tokenholder can place it in some internet resources (website, social networks etc). When user (who needs a verification) follows this refferal link and pays for a verification ($10-50), he recieves a discount and the tokenholder recieves the rest part of the half of verification price. The tokenholder should decide (and fix it in his stack) in what proportion the half of the verification price will be divided between him and the user. The stack is a personal cabinet into which the tokenholder placed his tokens and generates a unique link with its unique price at which customers can get a special price different from the base price. The token is blocked for 1 month after it is called by the agent and then you can use it again. Example Basic price 10usd=5usd (agent cost) + 5usd (kyc.legal revenue) Special tokenholder price 7.5usd=5usd (agent cost) + 2,5usd(tokenholder revenue). Tokenholder can choose his revenue in stack from 1usd up to full agents price |
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Will be KYC token tradable on etherdelta after the ICO?
Definetly will be! We feel a great desire for our product to give the society the opportunity to be verified where it is needed with maximum protection of his privacy. And the main thing is that it was easy, fast and clear for everyone. |
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