where is data being stored and what happens if you are hacked?
The data is stored only on the users device. So even if a hack happened the data is still safe. That's one of the main pros of our project! It makes the KYC process safer then ever! |
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in what case KYC verification require a third party to prove user's identity and how will you resolve the issue?
The product consists of two parts. The first part is independent self-verification. This is for those cases when the relevant service only requires users to independently put in their information, without any additional authentication, at the users' personal responsibility. The second part is when one of our agents goes to a convenient place of the user's choosing and confirms the information entered. Going forward, the KYC.legal checks this information against numerous databases, and the user receives the maximum level of verification and identification. The initial information entered can be anything, even false information. However, when the order is processed we check the cardholder and the party who is paying the money. The card is issued by a bank, which performs some sort of check on its end. Potential agents also undergo a fairly in-depth verification process: utilities bills issued in their name and to their address, passport or other identification document, details of bank accounts that have been in existence for at least 45 days (this ensures another level of reliability, we do not want fly-by-night agents). We check those who will then check our clients. A document identification system will be used to check the documents submitted during user verification, and we also perform an AML check and use various other internal and external services that allow us to verify the provided documents. |
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Hello! I see your project is very useful, but there will be alike project in crypto. Who is your biggest competitor? How are you planning to be the winner?
Our main competitor is probably Civic, although our solutions are completely different, its just that our projects operate in the same sphere. 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. The originality of KYC.legal lies in the fast and clear verification that can be made available to people in all corners of the world. Also KYC.legal consists of a strong and experienced team and advisers. |
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When will it be available to us to trade your tokens on exchanges? Can you specify which exchanges?
The tokens will enter the exchange somewhere between the end of ICO (1st march) and July. 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/ |
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Hi guys, I am a fintech copywrtier and I'm thinking about writing a piece on you in Russian, English and Chinese. I hav got a couple of questions that would help me move forward:
1) Do you have a hardcap and a softcap?
2) What happens if you fail to reach a hardcap?
a) The smart contracts will work to automatically return the funds to the investors.
b) There's no code in the smart contracts to automatically return the funds to the investors. You will be able to decide on your own whether you can continue with the project, utilizing the money that you've received, or decide to return the investments and abort the project.
3) You seem to have an active bounty campaign strategy on Bitcointalk. Will the bounty hunters receive any bounty if you decide to return the money to investors?
Hello! Thank you for your interest in our project. The softcap has already been passed pre-ico. The hard cap is 35M tokens sold. The project has already attracted some funds and the company is engaged in the implementation of various services. The construction of the token is implemented in such a way that the tokenholder has the opportunity to earn large amounts of money by using his token on the stack. Tokenholders will help attract customers and thus the project will develop faster. In the case described by you, we will develop further, it will simply take more time to reach our goals. As you can understand the project will go through anyway. |
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I'm not so sure about giving other people my data to be stored somewhere. Sounds unsafe.
The data is store only on your device. Only the hash-data provided by the blockchain technology to the services. So this way is very safe. |
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Hi! I understood that you have a global project. What is the plan, do you have a place to start? or multiple offices? what`s your infrastructure?
The project developers work in Saint Petersburg and Moscow. The project has offices in Berlin, San Francisco and Moscow. KYC.LEGAL is an international project, focused on the global market. For detailed plans you can see in our roadmap in the whitepaper: https://kyc.legal/WhitePaper-ENG.pdf |
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Hello. Is there any easy way to check up on the progress of your project? Link it to me please.
Hello! We regularly update our medium blog. You can get the latest news there! Here's the link: https://medium.com/@kyc.legal/ |
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Hello! Great video! Thank you for your support of our project. |
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What documents are needed for the verification and in what format? Should they be certified by commissioner of oath?
For verification, you need documents that confirm the information that you want to verify. Basic identity verification is your passport. For other data, you need the necessary documents for this, such as the taxpayer identification code. |
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Hello! Your project is very interesting. On this stage you need a couple of companies that are planning of using your product. Can you reveal your secrets on this question?
We have already concluded a number of partnerships with exchanges and services and we are announcing them in the near future. In the lates news we have partnered with Quarrex. You can check the information here: https://bitcoingarden.org/kyc-legal-qurrex-collaborate-hybrid-cryptocurrency-exchange/ |
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Could there not be a situation where a fake user confirms his or her identify with the help of a fake agent?
It's a big problem. What do you mean?
Potential agents also undergo a fairly in-depth verification process: utilities bills issued in their name and to their address, passport or other identification document, details of bank accounts that have been in existence for at least 45 days (this ensures another level of reliability, we do not want fly-by-night agents). We check those who will then check our clients. |
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Hello. Do you have restrictions for citizens of US, PRC or Singapore? There is some problems for this countries citizens.
Hello. We don't have any restrictions. Residents of any country can participate in ICO. |
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How will other participant in the system know I am verified member?
Our plans are to compile a database of all KYC.legal agents. Checking the database, you can make sure that you have a real agent in front of you. Will that database free for system users or for anyone or will it be accessible after paying some fee? This database will be completely free for everyone. If it is free for everyone, then it can have a weak place. How can you save people from spam then, if others want to use it? Please clarify your question. How will they receive spam? |
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For verfication one can use Google authentificator. What are your advantages over it?
We works with 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. 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. The originality of KYC.legal lies in the fast and clear verification that can be made available to people in all corners of the world. Also KYC.legal consists of a strong and experienced team and advisers. |
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I read that your team has already released numerous joint projects. Can you name some global international projects?
Hello. You can see previous projects of our team members in our website in the team section. |
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The project developers work in Saint Petersburg and Moscow. So you know the people. Do you think there is a demand in project and services on the territory of former USSR? If so this can be a good market?
Thanks for the question If you are asking about whether this product is needed for the market (include ex USSR countries), 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. |
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I am a tokenholder. How can it be guaranted that I receive my money, when some user follows my referral link for verification? How is it managed?
After the user click to your link and buys the tokens, you will automatically receive a bonus of 5% from his purchase. |
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Do you have any partnerships with exchanges or services already?
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/partnership with Qurrex it's good, but it happened last year, I want to say that the news about the new partnership could strongly attract new investors... Thank you. We will announce this information soon. |
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