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1  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] MANTRADAO - Community Governed DeFi Platform on: July 31, 2020, 02:48:43 AM
ah its another DeFi concept project, but the design for this threads and website look very good, team member seem very clear, i have question to ask, i saw that you are planned to sell MANTRADAO coin in 1day 5 hours, to participant on your sell, is KYC are required? i dont see that you will held the sale on exchange that why i asked is  KYC required to buy mantraDAO token directly from your website? thanks in advance.
Glad you like our design! You will definitely have to check out our platform when it goes live in a month or so!

Everyone participating in the MANTRA DAO Initial Membership Offering (IMO) will be required to pass KYC/AML. We are running this through our partner Hex Trust, which is a Hong Kong licensed trust and custodian and one of the leading custodians in Asia. We are taking every precaution to know that members funds are secure and we are staying compliant through our IMO.
2  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] MANTRADAO - Community Governed DeFi Platform on: July 31, 2020, 01:59:51 AM
I see that the membership offering will be started in 1 day, but not clear to me how long the duration will be? is it until the Soft Cap reached or there will be some stage for that? I think this needs a detailed explanation.
Hey there! So the last few weeks we've been running our Private round, and have been Whitelisting people for our Pre-Initial Membership Offering (IMO). We had amazing response to the Pre-IMO Whitelist that saw it almost 16x oversubscribed. The way that we've structured the IMO is that it's on a first-come, first-service basis, so the people who signed up to the Whitelist earlier have access first. Once one round closes (there are 4 Public IMO rounds, including the Pre-IMO), the next will start shortly after on a rolling basis. With the entire things being oversubscribed we anticipate it closing within a few days, as long as our compliance team needs to process everyone.

I hope this helped to answer any questions, but if you have more make sure to join our Telegram: https://t.me/MANTRADAO

Best,
Will
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