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

[turlando]

So you have previous experience, correct?

Yes, that is correct
We have been working in information technology for a long time now, more than 10 years. The core of our team has been together for more than five years now, working on projects that cater to our already existing businesses and provide B2B (business to business) solutions: project management, goal setting, audit, etc. We have been watching blockchain closely since 2016, and have now joined forces with Nick Evdokimov and decided to hold our own ICO.

What are the main advantages of your identity verification system?

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.

Why have you decided that the blockchain is essential to your service?

While the initial data is store on the clients device. Hash of data is stored in the blockchain.
If something happens with the user's device, user can re-enter the data and go through the verification with a hash.

[turlando]

Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:

• $2.5 million - discounts for partnering funds ??
• $3.5 million - referral payments ??
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)

Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?

In other words, it seems like you are wasting $12 million of investor money

First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.

Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!

[tokensales]

Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:

• $2.5 million - discounts for partnering funds ??
• $3.5 million - referral payments ??
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)

Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?

In other words, it seems like you are wasting $12 million of investor money

First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.

Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!

You don't have investors, but token holders? So people don't invest money? They get tokens for free?

"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."

So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?

These calculations show that with the goal that we have set we will need to spend this amount of funds.

What calculations? Share them please.

And, you did not answer why you need so much money for:

• $2.5 million - discounts for partnering funds
• $3.5 million - referral payments
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation

Please answer these in detail.

[turlando]

Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:

• $2.5 million - discounts for partnering funds ??
• $3.5 million - referral payments ??
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)

Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?

In other words, it seems like you are wasting $12 million of investor money

First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.

Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!

You don't have investors, but token holders? So people don't invest money? They get tokens for free?

"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."

So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?

These calculations show that with the goal that we have set we will need to spend this amount of funds.

What calculations? Share them please.

And, you did not answer why you need so much money for:

• $2.5 million - discounts for partnering funds
• $3.5 million - referral payments
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation

Please answer these in detail.

Token holders buy, hold or sell tokens.
All information about planned costs is displayed in the White Paper. We will provide additional information about costs as the project develops. We have a working product, a strong team and support from partners.

[tokensales]

Haha, your allocation of proceeds is so unclear and doesn't make sense at all. Please clarify what those allocations are and specify why you need them:

• $2.5 million - discounts for partnering funds ??
• $3.5 million - referral payments ??
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation (seriously?? so much money for marketing? wtf..)

Why do you need all of that? And why those amounts of money? How did you calculate? Why aren't the calculations in the white paper?

In other words, it seems like you are wasting $12 million of investor money

First of all, we don't have "investors". When you buy a token you become a tokenholder. Our token allows tokenholders to gain a profit by leasing the tokens to potential clients, which means that tokenholder is granted a monetary gain.

Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens.
These calculations show that with the goal that we have set we will need to spend this amount of funds.
Various companies were involved in these calculations, they prepared documentation that was based on the current economic situations in regions in which we are planning the development.
We thank you for your deep interest in our product and we will be happy to listen if you have any examples of projects with similar scope of goal and financial indicators we will gladly become acquainted with them. We hope that your constructive feedback can benefit kyc.legal!

You don't have investors, but token holders? So people don't invest money? They get tokens for free?

"Our main goal for marketing is increasing the size of the project, drawing many services which will integrate our solution in their practice and increase the amount of clients in our base (verificated clients). That's why the main costs are located in marketing. More potential clients in need of verification mean that there are more ways for tokenholders to make use of their tokens."

So... why 3 million? Can you show calculations? How much do you need to increase the size of your product? What kind of services do you need?

These calculations show that with the goal that we have set we will need to spend this amount of funds.

What calculations? Share them please.

And, you did not answer why you need so much money for:

• $2.5 million - discounts for partnering funds
• $3.5 million - referral payments
• $1 million - team salaries
• $1 million - technology advertising (what the hell is technology advertising???)
• $3 million - marketing efforts and monthly road show participation

Please answer these in detail.

Token holders buy, hold or sell tokens.
All information about planned costs is displayed in the White Paper. We will provide additional information about costs as the project develops. We have a working product, a strong team and support from partners.

Haha yes, so a token holder that has bought a token has invested money, right? So it's an investor.

All information about planned costs is displayed in the White Paper.

What a joke. There is no information in the white paper about how you came up with that costs. You don't explain why you need the money and how you calculated the amount.

We will provide additional information about costs as the project develops.

Huh? Wtf? How can you now allocate money already if it is not yet clear where you need the money for?

Why don't you tell us exactly what you need the money for and how you calculated it?

[elzyo8]

How do you provide security for the parties: company in need of a verification, person being verified and agent?

[turlando]

How do you provide security for the parties: company in need of a verification, person being verified and agent?

Thanks for your question.
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.

[elzyo8]

How do you provide security for the parties: company in need of a verification, person being verified and agent?

Thanks for your question.
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.

Thank you! Do you have examples of application of your system in Eastern Europe, ex-USSR countries?

[turlando]

How do you provide security for the parties: company in need of a verification, person being verified and agent?

Thanks for your question.
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.

Thank you! Do you have examples of application of your system in Eastern Europe, ex-USSR countries?

The information about concluded contracts will be published soon. Follow our news.
Telegram - https://t.me/KYCLEGAL
Facebook - https://www.facebook.com/KYCLegal/

[nirre55]

Do you have Medium Blog?

[turlando]

Do you have Medium Blog?

Yes, follow our facebook official page - https://www.facebook.com/KYCLegal/

[hroschi]

what are your competitive advantages?

[maxel83]

Do you have a bounty?

[turlando]

what are your competitive advantages?

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.
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 provided by the platform for the purposes of KYC.

[turlando]

Do you have a bounty?

Yes, you can see our BT bounty topic - https://bitcointalk.org/index.php?topic=2478038
Also you can join to bounty telegram channel - https://t.me/KYCLegalBounty

[maxel83]

How much will be the referral bonus?

Your reward will be 5% of all KYC tokens, purchased by your referrals.

What is the procedure of getting of referral bonus?

[turlando]

How much will be the referral bonus?

Your reward will be 5% of all KYC tokens, purchased by your referrals.

What is the procedure of getting of referral bonus?

You can use it to share the project with your friends and other interested parties. If any of them sign up with this link, they will be added to your referral program. Your reward amounts to 5.0% of all KYC tokens purchased by your referrals.

[Vylentinka]

how long is your team's experience with blockchain?

[tengkukaya]

what currencies do you accept at ICO?

[turlando]

how long is your team's experience with blockchain?

We have been working in information technology for a long time now, more than 10 years. The core of our team has been together for more than five years now, working on projects that cater to our already existing businesses and provide B2B (business to business) solutions: project management, goal setting, audit, etc. We have been watching blockchain closely since 2016, and have now joined forces with Nick Evdokimov and decided to hold our own ICO. Nick Evdokimov is 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.