[ANN][ICO] KYC.legal - Blockchain identity verification

[demidov201]

If I my verification is denied by the agent and later it is found that mistake was on the agent's side - will the agent bear any responsibilities for  that?

[router50]

Will you launch in one country only or simultaneously in several countries? I am more worried about possible legal complications, to be honest.

[gouzazhong]

I want to know what the principles of your identity verification, but to know the blockchain but decentralized, you are going to open up a copy of the chain used to verify the main chain?

[kutovayaolga]

what happens to the unsold token that is not sold out in the main sale for the ICO? Burn or go back or will there be another redistribution post-ICO?

[turlando]

I want to know what the principles of your identity verification, but to know the blockchain but decentralized, you are going to open up a copy of the chain used to verify the main chain?

Our security system was designed by internationally acclaimed security experts, so we take this question very seriously. You may check the following:
How to Secure your MyEtherwallet Security/Private Key/Keystore File - https://www.youtube.com/watch?v=NhdOzHrSzR8

Furthermore, there are few more security measure we rely on.
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


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.
During the second stage of document verification, we use agents who must confirm that the person exists and that the documents indeed belong to him or her.
It is similar to the example of receiving a credit card from a bank. The bank sends a courier who checks the recipient and his or her documents.

[turlando]

If I my verification is denied by the agent and later it is found that mistake was on the agent's side - will the agent bear any responsibilities for  that?

Our agent is responsible for ensuring that all the information on a client is checked carefully. If there are problems, they are resolved through the courts. It will be fairly easy to identify a potential fraudster, as we will know quite a lot about him or her.

[turlando]

what happens to the unsold token that is not sold out in the main sale for the ICO? Burn or go back or will there be another redistribution post-ICO?

More details about ICO lengths and further unsold (if there any) tokens will be provided soon in the official whitepaper. Please, stay tuned

[turlando]

Will you launch in one country only or simultaneously in several countries? I am more worried about possible legal complications, to be honest.

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

We are targeting the entire world, without limitation. We are already set for rollout on the English- and Russian-speaking markets. In the future we plan to expand around the globe.

[fullhousse]

Will you launch in one country only or simultaneously in several countries? I am more worried about possible legal complications, to be honest.

...
We are targeting the entire world, without limitation. We are already set for rollout on the English- and Russian-speaking markets. In the future we plan to expand around the globe.

And Asian countries will be included, too?

[xanadue]

Hi, you said the verification consists of two stages - are they both being utilized but the already developed apps of yours?

[turlando]

Hi, you said the verification consists of two stages - are they both being utilized but the already developed apps of yours?

At the moment, only the first step of verification is realized - self-identification. The second step in the developIng process.

[khufuking]

what your token is for?

Thanks for your question
Token makes you an agent of the company, allows you to verification new users in the system.

Hmm so let me get this straight , Tokens make me agent ? So I can verify new users ? !! . And who will verify me ? How can a service offer KYC if this service by it self need to be KYC O_o . I do not see how this will prevent fraud ! Can you explain more maybe I am missing something .

And why would you need $32 million for this kind of token !!!!!!

No, token does not make you an agent.
The project Token KYC.LEGAL is a discount token that offers its holders numerous advantages. The main one is the opportunity to receive a 50% discount on the verification services.
At the moment, only the first part of the project (self-verification) is up and running, but both are necessary for compliance with all KYC requirements. The second part (agent verification) will be launched in the near future. We estimate that $35 million is needed to achieve the project's business goals and to expand the reach of the services.

I bold your answer in the first post , You clearly say tokens will make you agent and will allow you verification new users , Anyway maybe you miss explain it , It happens sometimes . Can I know what will be the use of this service ? . Lets say I got verified by this service . How I will use this verification I got on other sites etc ! . As far as I know every site require his own KYC . For example I will not get verified in polo exchange if I showed them that I am verified in another exchange right ? I have to verify myself for each exchange . Now what will make other sites , exchange accept your verification ? . Another example I can not just go to paypal and tell them hey verify my account because I got verified by KCY.legal token .

[turlando]

what your token is for?

Thanks for your question
Token makes you an agent of the company, allows you to verification new users in the system.

Hmm so let me get this straight , Tokens make me agent ? So I can verify new users ? !! . And who will verify me ? How can a service offer KYC if this service by it self need to be KYC O_o . I do not see how this will prevent fraud ! Can you explain more maybe I am missing something .

And why would you need $32 million for this kind of token !!!!!!

No, token does not make you an agent.
The project Token KYC.LEGAL is a discount token that offers its holders numerous advantages. The main one is the opportunity to receive a 50% discount on the verification services.
At the moment, only the first part of the project (self-verification) is up and running, but both are necessary for compliance with all KYC requirements. The second part (agent verification) will be launched in the near future. We estimate that $35 million is needed to achieve the project's business goals and to expand the reach of the services.

I bold your answer in the first post , You clearly say tokens will make you agent and will allow you verification new users , Anyway maybe you miss explain it , It happens sometimes . Can I know what will be the use of this service ? . Lets say I got verified by this service . How I will use this verification I got on other sites etc ! . As far as I know every site require his own KYC . For example I will not get verified in polo exchange if I showed them that I am verified in another exchange right ? I have to verify myself for each exchange . Now what will make other sites , exchange accept your verification ? . Another example I can not just go to paypal and tell them hey verify my account because I got verified by KCY.legal token .

Thank you for your question.
In KYC.legal system you pass the only one verification with the help of the agent and in the future you will not have to pass the verification again in all other services where KYC.legal is integrated. Now we are negotiating with the largest banks, exchanges and funds for the integration of KYC.legal into their systems. KYC.legal is oriented not only to cryptomarket, but to the global market.
Right now KYC.legal is testing and setting up more than five services.
And, of course, main diffrent between KYC.legal  and others services is fast and clear verification!

[lirey96]

where are you located?

[turlando]

where are you located?

The project developers work in St. Petersburg and Moscow. We have offices in Berlin, San Francisco and Moscow. KYC.LEGAL is an international project focused on the global market.

[Dxlike]

What will happen to my contribution if tokens are outlawed or tightly regulated?

[turlando]

What will happen to my contribution if tokens are outlawed or tightly regulated?

KYC.legal used the construction of utility tokens.
Our platform creates a constant demand for tokens, and the tokens themselves are simplified verification tool in the system through our agents.
That is why our token can’t be outlaw, because it uses a business model that is used all over the world.

[mahmutyes]

How many days will ICO last?

[turlando]

How many days will ICO last?

To ICO left 16 days. You can check it here - https://kyc.legal/

[gonzoe]

Any information about your team?