The project does look good and I do like the technology. The only part I do not understand is the KYC pricing model.
Today existent companies on this field charge their customers within $1 and $3 per KYC check. By doing this ICO you are basically preselling 42m of KYC checks in this price range. The cost for KYC checks is not $10 to $50 as you have stated. Specially not for big corporations running millions of KYC checks per year. They even get prices that go even lower than $1.
So let's say that your project succeed, the technology is great and everyone want to use it. Your crypto price will go up and this will increase the cost for big potential customers. Why a big corporation will pay more for a bulk KYC checks if they can get them much cheaper with other solutions?
I still see potential, probably for small companies and individuals (like ebay sellers). But the higher the price goes up the less appealing the product is.
The user that wants to be verified pays 10-50$. The concept of token is as follows: 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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How long time do you need for verification?
The verification can be completed really fast! 30 minutes! |
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hi. tell me if there are any arrangements with the exchanges to use the procedure of KYC through you? Thanks
We have already concluded a number of partnerships with exchanges and services and we are announcing them in the near future. At this moment that information is unavailable. Regarding our latest news on this matter - we have partnered with Quarrex. You can read more about it here: https://bitcoingarden.org/kyc-legal-qurrex-collaborate-hybrid-cryptocurrency-exchange/. oh it's very cool! I will look forward to new news about partnerships. I think the KYC.legal has every chance to become the leading company in this industry. Thank you for your support and kind words  We really appreciate it. |
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Who can buy your tokens?
Citizens from every country can participate in our ICO! It is great! How can it be that in some projects all citizens participate and in some with the exception of some citizenships? Do you and they have different kinds of tokens or what is the reason? In USA, PRC and Singapore there are some legal issues with participation in security tokens ICOs, but our token is utility, so its not a problem! |
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Very interesting project ill keep my eye on it. I have one question - can i buy your tokens without using eth wallet?
Hello! Thank you for your interest! You can make a direct deposit from any wallet you want! Just choose a cryptocurrency available and make a deposit in your personal cabinet on bookbuild.kyc.legal platform! After that you will be able to buy KYC tokens. |
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Why do you think the price of your token will be rising in the future?
Hello, interesting question The speed at which the cryptocurrency market is developing is incredible and is bringing many new services with it to the market that require potential clients to go through KYC procedures. The product that we plan to bring to the market is equally advantageous for both clients and companies. For clients, to receive access to the desired goods and services, and for companies, to attract new clients. However, only holders of our tokens will be able to take advantage of the capabilities of the platform. In addition to the extensive features of the platform, they will also be eligible for various types of incentives. We are sure that KYC.LEGAL will offer the market a timely product that is in high demand. |
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do you have competitors?
While our projects operate in the ID verifications with Civic, our solutions are quite different. Our solution is 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 - exchanges, cryptoexchanges, brokerage offices, banks, funds, online loans, etc. The next level will include, for example, services such as online orders of prescription medicines, or proof of a user's age for, say, the purchase of alcohol or tobacco. In a word, any services that require identity verification. |
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Hello! I want to become an agent. How can i do it?
You will be able to become an agent of our project after the ICO ends. We'll keep everyone updated and you will be provided with details on how to become an agent later. I found interest to being an agent in your thread. Will you have any application form or what is the way to be updated? The information on how to become an agent will come later in the future! |
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So who what services will you integrate your project with in the future?
Exchanges, cryptoexchanges, brokerage offices, banks, funds, online loans, etc. The next level will include, for example, services such as online orders of prescription medicines, or proof of a user's age for, say, the purchase of alcohol or tobacco. In a word, any services that require identity verification. |
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Who can buy your tokens?
Citizens from every country can participate in our ICO! |
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Won't access to the services of your agents be limited to the big cities? What will happen to provincial cities?
No, not necessarily. The project does not plan to maintain a staff of agents. Almost anyone who is willing to go and confirm someone's identity and verify his or her documents for $5-25 can become an agent. Like an Uber driver, it is enough for the agent to have our application, through which orders will be placed. If clients who would like to use this service appear in a certain region, we find local people who are willing to act as our agents. |
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How are you planning on protecting user information from hacking attempts?
We did the following: 1) Personal information is protected by encryption and biometric data 2) Data is hosted on user’s device 3) User is able to chose information provided to service 4) Document verification with digital sign |
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Hello! I want to become an agent. How can i do it?
You will be able to become an agent of our project after the ICO ends. We'll keep everyone updated and you will be provided with details on how to become an agent later. |
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What money can I pay with? Only btc?
Please use following cryptocurrencies : Bitcoin Litecoin Dash Ether Classic Ether ZCash |
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Hello guys
Just one question. What's the minimum purchase?
Hello. The minimum is 1 token. Token price is 1,65$ at this stage. |
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Have you conducted any marketing research? Will your project be in demand?
Thanks for the question If you are asking about whether this product is needed for the market, then look at what is being written in the news and what laws are being passed around the world. We want customers to be either fake or fraudsters, but at the same time we do not want to share our data and be protected. All these points we solve with the help of our product. In our team there are specialists with successful experience in marketing but the main thing in us is that we are open and honest with you and talk about all the details. |
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Hi! Won't access to the services of your agents be limited to the big cities?
No, not necessarily. The project does not plan to maintain a staff of agents. Almost anyone who is willing to go and confirm someone's identity and verify his or her documents for $5-25 can become an agent. Like an Uber driver, it is enough for the agent to have our application, through which orders will be placed. If clients who would like to use this service appear in a certain region, we find local people who are willing to act as our agents. |
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I am looking at your project and believe it is promising. Thinking about details. I heard about something like active and passive tokens. Is that correct? Can you tell more about it?
Hello. The passive option is holding the tokens or sell them on exchanges. The active option is utilising the stack of tokens to lease them. |
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Eastern Europe (just like other countries) has its perculiarities in law, people's habits and readiness of the market to accept the ideas. Did you have some 'differences'? Do you have any advisors on countries and regions?
Hello. Thanks for your question. We don't any principal differences. Yes we have many advisors to help us. |
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You have quite an impressive list of advisors while team has not so many members. Why so?
I don't know what are you talking about. We have 9 team members and 10 advisors. |
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