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

[turlando]

Could there not be a situation where a fake user confirms his or her identify with the help of a fake agent?

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.

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[turlando]

Who is on the project team?

Hi there. The founders of the KYC.LEGAL project are Daniil Rausov, the creator of a number of information technology and B2B companies, and Sergei Bekrenev, the owner of the company European Legal Service (ELS), one of the largest legal companies in Russian and the CIS. The Strategy Director of the project is Nick Evdokimov, an experienced and talented blockchain entrepreneur and founder of dozens of successful projects. The team currently has 12 members, including a number of developers with whom the founders have already released numerous joint projects.

[martincic]

Won't access to the services of your agents be limited to the big cities?

[turlando]

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.

[baronandr]

What actual problems does KYC.Legal solve?

[turlando]

What actual problems does KYC.Legal solve?

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, and not only to creditors.

[vuglusk]

How can token be used by investors?

[turlando]

How can token be used by investors?

Verification costs 10-50 USD (depends on region). Tokenholder can divide the half of it between him and a new user, who needs a verification. He should transfer tokens into stack on his backoffice. After that he willl recieve a refferal link. Tokenholder can place it in some internet resources (website, social networks etc). When user (who needs a verification) follows this refferal link and pays for a verification ($10-50), he recieves a discount and the tokenholder recieves the rest part of the half of verification price. The tokenholder should decide (and fix it in his stack) in what proportion the half of the verification price will be divided between him and the user. The stack is a personal cabinet into which the tokenholder placed his tokens and generates a unique link with its unique price at which customers can get a special price different from the base price. The token is blocked for 1 month after it is called by the agent and then you can use it again.
For example:
Basic price 10usd=5usd (agent cost) + 5usd (kyc.legal revenue)
Special tokenholder price 7.5usd=5usd (agent cost) + 2,5usd(tokenholder revenue).
Tokenholder can choose his revenue in stack from 1usd up to full agents price.

[turlando]

What will happen if you fail to collect funds?

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.

[jimmylarge123]

Do you have exchanges announced? Where your token will be listed?

[turlando]

Do you have exchanges announced? Where your token will be listed?

We will announce this information, follow us on KYC Legal Website: https://kyc.legal/
Facebook: https://www.facebook.com/KYCLegal/
Twitter:    https://twitter.com/KYCLegal
Telegram: https://t.me/KYCLEGAL

[bribed]

Sounds like an interesting approach towards identity verification on the blockchain. Will your service be offered to businesses to conduct kyc processes, or are there various use cases, for example also to use your platform in combination with smart contracts on platforms like BitBay or MyWish?
Is your platform in competition with Civic or TheKey? Hope I didnt mix up something here.

[turlando]

Where is the link on whitepaper?

You can see the link on our website https://kyc.legal/
Also here's the direct link https://kyc.legal/WhitePaper-ENG.pdf

[turlando]

Sounds like an interesting approach towards identity verification on the blockchain. Will your service be offered to businesses to conduct kyc processes, or are there various use cases, for example also to use your platform in combination with smart contracts on platforms like BitBay or MyWish?
Is your platform in competition with Civic or TheKey? Hope I didnt mix up something here.

Thank you. We cooperate with brokerage services, with microfinance organizations, with funds that work in the field of crypto-investment. Also, negotiations are underway with two crypto-exchanges. In addition, we started negotiations with companies that are the link between banks and exchanges.

In addition to blockchain verification, our project also creates a worldwide network of agents for fast and clear verification around the world. 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, has agreements with large exchanges and platforms, but our main advantage is that we already have the working application.

[jimmylarge123]

What algorithm do you use to pick agents to verify persons data?

[turlando]

What algorithm do you use to pick agents to verify persons data?

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.

[JanyJeand31]

Do you have planned partnerships with companies whos in need of your product?

[turlando]

Do you have planned partnerships with companies whos in need of your product?

We cooperate with brokerage services, with microfinance organizations, with funds that work in the field of crypto-investment. Also, negotiations are underway with two crypto-exchanges. In addition, we started negotiations with companies that are the link between banks and exchanges. We will announce them in the near future, thank you for question.

[JanyJeand31]

What platforms except iOS and Android do you plan to support with your product?

[turlando]

What platforms except iOS and Android do you plan to support with your product?

In the near future will be developed version for Windows Phone. Thank you for question.