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Author Topic: [ANN][ICO] ICON - Interchain Blockchain Network / Hyperconnect the World!  (Read 60360 times)
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September 28, 2017, 11:26:08 AM
 #681

Is passport sufficient for KYC? I am Turkish citizen . I hope it will not be a problem.

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September 28, 2017, 11:32:22 AM
 #682

when does the KYC starts

It was supposed to be Oct 2nd but we received an official statement that it has been delayed. The reason is to beef up security in the web site. Actually, here's the link..

https://medium.com/helloiconworld/kyc-schedule-update-2835c7253e67

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September 28, 2017, 11:35:11 AM
 #683

Is passport sufficient for KYC? I am Turkish citizen . I hope it will not be a problem.

According to previous instructions passport is enough. But, I wonder if things will get more complicated. In the release sent out today (see link above), they said there are updated terms and conditions. We'll need to wait and see. Let me ask on Telegram and see if they can give any extra insight

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September 28, 2017, 12:44:47 PM
 #684

It sure is the place to discuss it, because we're about to get a lot more people saying what andro saod on telegram and maybe here. The same questions with the same answers. Im not sure if youre on telegram?

That's true. I'm also on the Telegram channel, but mostly to read official announcements. I think most people understand that the KYC is necessary for the project to be successful now and in the future. But they also don't really like it, which I understand as well.

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September 28, 2017, 07:59:01 PM
 #685

highly. I wanted ICON to appear on Bithumb where there are very big volume, it would be cool

                                                                               
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September 28, 2017, 09:02:51 PM
 #686

It sure is the place to discuss it, because we're about to get a lot more people saying what andro saod on telegram and maybe here. The same questions with the same answers. Im not sure if youre on telegram?

That's true. I'm also on the Telegram channel, but mostly to read official announcements. I think most people understand that the KYC is necessary for the project to be successful now and in the future. But they also don't really like it, which I understand as well.

All true

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September 28, 2017, 11:49:09 PM
 #687

Does anyone have info about ICON PoS?

Ok...WP link

http://docs.icon.foundation/ICON-Whitepaper-EN-Draft.pdf

You want to look at points 4.3 under Consensus and 7.3 about Incentives

I cannot understand the white paper well enough right now to answer comfortably. But long story short TL;DR:

I cant see a staking benefit but I may be wrong.

What I do see is positioning/aligning oneself within a Node to be an issuer of ICX. And thereby being rewarded with ICX. Kind of sounds like staking, more details to come in time.

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September 29, 2017, 01:04:32 AM
 #688

From what i understood about the staking, it will be the same system Neo uses. The question is, will the reward be ICX or another token like Gas for Neo?
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September 29, 2017, 01:43:50 AM
 #689

Definitely no other utility token is mentioned.

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September 29, 2017, 01:55:11 AM
 #690

Can the icon team give us clues for what the minimal amount of coins required will be for staking?
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September 29, 2017, 03:08:40 AM
 #691

ICON update regarding KYC:

With the recent tightening of blockchain regulations, ICON is preparing additional legal policies. In order to properly protect ICON contributors, the ICON KYC process will be delayed by a few weeks.
In particular, the ICON team is preparing a “Privacy Policy” and “updated Terms and Conditions” for contributors to safely submit their KYC information.
The KYC process will NOT start on the originally scheduled date Oct 2, 2017. The updated KYC schedule will be posted on the ICON blog and sent via newsletter.
As KYC deals with various personal data, the ICON website is being upgraded to include additional security measures. Therefore the website login is temporarily disabled. Thank you for your patience.

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September 29, 2017, 03:27:54 AM
 #692

Unconfirmed: Korean Financial Services Commission to ban ICOs. Shocked

  
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September 29, 2017, 05:00:39 AM
 #693

I have the same  but my balance is showing fine.
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September 29, 2017, 05:27:52 AM
 #694

Unconfirmed: Korean Financial Services Commission to ban ICOs. Shocked

Half true. The regulatory body is banning:

1. margin trading
2. Koreans participating in Korean-based ICO's. They can participate in foreign ICO's which ICON was.

So no need to worry. There is fake news circulating.

The team will make a statement.


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September 29, 2017, 07:08:13 AM
 #695

Unconfirmed: Korean Financial Services Commission to ban ICOs. Shocked

Half true. The regulatory body is banning:

1. margin trading
2. Koreans participating in Korean-based ICO's. They can participate in foreign ICO's which ICON was.

So no need to worry. There is fake news circulating.

The team will make a statement.



I would be interested to hear if ICON is somehow affected by those regulatory changes. I participated myself and I think it's a very promising project. I hope that it applies only to all ICOs that took part AFTER this announcement. Also I am curious if they have to refund the participation of Koreans of if it is still fine. Anyways I hope this project will not be limited/restricted because of this announcement.
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September 29, 2017, 09:47:31 PM
 #696

I do not understand some things. we have invested first and then we will ask for documents from us. It seems a bit unreasonable. the accounts of unapproved accounts will be sent back or what ? everyday new things coming about ico's for make them hard.

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September 30, 2017, 05:22:06 AM
 #697

Sooooo obviously nobody knows whats goin on with this ico ban.

However, im starting to think icon might be screwed. If korean citisens cant invest in icos this entire ico will fall flat on its face. I hope that icon has some sort of backing from goverment where they are somwhow immune but i really dont know here. Anybody any ideas if we are screwed here? Really had high hopes for icon. But once again fucking goverments getting in the way because some people invested in titty and pot coin icos....hate this baby/hand holding culture measing up good business
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September 30, 2017, 06:50:24 AM
 #698

KYC delayed? No problem. I opted for bounty only. Those who purchased tokens have no choice but to bear this delay.
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September 30, 2017, 08:31:12 AM
 #699

I do not understand some things. we have invested first and then we will ask for documents from us. It seems a bit unreasonable. the accounts of unapproved accounts will be sent back or what ? everyday new things coming about ico's for make them hard.

It has been explained on the Medium press releases, you would have gotten emails. And did you see the Telegram invite? These questions get asked about twenty times a day, no exaggeration. Here's the answers..

1. The reason why KYC takes place after the token sale is so that ICON cannot be accused of farming personal ID's and information from people across the globe. Once they commit to purchasing then it makes more sense to ask for KYC. It also ensures that citizens from USA, China and Singapore don't participate. It is not ICONs fault that the governments of those countries have policies blocking their citizens from investing in an ICO.

2. For anyone that fails KYC, their ETH is returned to the wallet they contributed from. The ICX they would have received are burned. That means they are destroyed, which decreases the total supply of ICX.

3. Expect all governments to follow what China, America, Singapore and now South Korea are doing in terms of banning ICO participation. Although we are all suspicious of heavy, unfair cintrol there is also a strong argument that governments are protecting their citizens from too many scammy, pump and dump projects.

There is way too much hype and people who dont research into a project enough are losing boatloads of money.




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September 30, 2017, 08:37:12 AM
 #700

Sooooo obviously nobody knows whats goin on with this ico ban.

However, im starting to think icon might be screwed. If korean citisens cant invest in icos this entire ico will fall flat on its face. I hope that icon has some sort of backing from goverment where they are somwhow immune but i really dont know here. Anybody any ideas if we are screwed here? Really had high hopes for icon. But once again fucking goverments getting in the way because some people invested in titty and pot coin icos....hate this baby/hand holding culture measing up good business

Heaps of us know what's going on, are you in the Telegram? Admin is super active there and have official statements. I'll see if i can paste and image here using my ipad but here's where things are at..

Dear all supporters,
In order to follow up with all inquiries on the latest news around Korea's ICO ban, ICON team and our legal representatives are currently reviewing all facts. We will provide an update after the detailed review as soon as possible. Thank you for your patience and understanding.

KYC Schedule Update
https://medium.com/helloiconworld/kyc-schedule-update-2835c7253e67

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