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

[turlando]

hi. tell me if there are any arrangements with the exchanges to use the procedure of KYC through you? Thanks

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/.

oh it's very cool! I will look forward to new news about partnerships. I think the KYC.legal has every chance to become the leading company in this industry.

Thank you for your support and kind words We really appreciate it.

[1714909550]

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[1714909550]

1714909550

[1714909550]

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[Sem56]

How long time do you need for verification?

[Bezaca2000]

The project does look good and I do like the technology. The only part I do not understand is the KYC pricing model.

Today existent companies on this field charge their customers within $1 and $3 per KYC check. By doing this ICO you are basically preselling 42m of KYC checks in this price range. The cost for KYC checks is not $10 to $50 as you have stated. Specially not for big corporations running millions of KYC checks per year. They even get prices that go even lower than $1.

So let's say that your project succeed, the technology is great and everyone want to use it. Your crypto price will go up and this will increase the cost for big potential customers. Why a big corporation will pay more for a bulk KYC checks if they can get them much cheaper with other solutions?

I still see potential, probably for small companies and individuals (like ebay sellers). But the higher the price goes up the less appealing the product is.

[mixail09]

Which national markets are you targeting?

[Kzh]

Just buying some tokens.
This project like promising !

[turlando]

How long time do you need for verification?

The verification can be completed really fast! 30 minutes!

[turlando]

The project does look good and I do like the technology. The only part I do not understand is the KYC pricing model.

Today existent companies on this field charge their customers within $1 and $3 per KYC check. By doing this ICO you are basically preselling 42m of KYC checks in this price range. The cost for KYC checks is not $10 to $50 as you have stated. Specially not for big corporations running millions of KYC checks per year. They even get prices that go even lower than $1.

So let's say that your project succeed, the technology is great and everyone want to use it. Your crypto price will go up and this will increase the cost for big potential customers. Why a big corporation will pay more for a bulk KYC checks if they can get them much cheaper with other solutions?

I still see potential, probably for small companies and individuals (like ebay sellers). But the higher the price goes up the less appealing the product is.

The user that wants to be verified pays 10-50$.
The concept of token is as follows: The KYC.LEGAL token is a utility token which offers its holders numerous advantages. The main advantage is the possibility of getting a 50% discount on the KYC verification services offered by the platform. This discount is not available to people without tokens. To receive the discount, they will need to lease the project tokens from token holders. In this case, the 50% discount is split equally between the lessee and the token holder, i.e. each receives a 25% discount on the full cost of the services. Therefore, along with the opportunity to take advantage of a 50% discount on services, token holders can also receive an economic benefit from the lease of tokens. After a single use, the tokens will be temporarily deactivated. Therefore, to be able to regularly use the platform's services and lease the tokens, token holders will have to purchase enough tokens to satisfy their needs. Plans for the future also include the possibility of withdrawing tokens from the system and selling them on an exchange.

[turlando]

Which national markets are you 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.

[turlando]

Just buying some tokens.
This project like promising !

Thank you for your support of our project

[Abdelmajid1]

Is there a bounty program?

[romul1972]

You do accept usd by wire transfer, don't you? Where can I find instructions?

[Samu10]

What is the practical use of KYC legal?

[Asulect]

How are you planning on protecting user information from hacking attempts?

We did the following:
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

I have a couple of questions.

2) if Data is hosted on user's device, what happens when the user change his device, does he need to visit an agent to recertify his documents?
    Also, if data is hosted on the user's device, what info does the blockchain stores?

4) After these document are verified by an agent, is there an expiration on that digital sign?

[Bezaca2000]

The project does look good and I do like the technology. The only part I do not understand is the KYC pricing model.

Today existent companies on this field charge their customers within $1 and $3 per KYC check. By doing this ICO you are basically preselling 42m of KYC checks in this price range. The cost for KYC checks is not $10 to $50 as you have stated. Specially not for big corporations running millions of KYC checks per year. They even get prices that go even lower than $1.

So let's say that your project succeed, the technology is great and everyone want to use it. Your crypto price will go up and this will increase the cost for big potential customers. Why a big corporation will pay more for a bulk KYC checks if they can get them much cheaper with other solutions?

I still see potential, probably for small companies and individuals (like ebay sellers). But the higher the price goes up the less appealing the product is.

The user that wants to be verified pays 10-50$.
The concept of token is as follows: The KYC.LEGAL token is a utility token which offers its holders numerous advantages. The main advantage is the possibility of getting a 50% discount on the KYC verification services offered by the platform. This discount is not available to people without tokens. To receive the discount, they will need to lease the project tokens from token holders. In this case, the 50% discount is split equally between the lessee and the token holder, i.e. each receives a 25% discount on the full cost of the services. Therefore, along with the opportunity to take advantage of a 50% discount on services, token holders can also receive an economic benefit from the lease of tokens. After a single use, the tokens will be temporarily deactivated. Therefore, to be able to regularly use the platform's services and lease the tokens, token holders will have to purchase enough tokens to satisfy their needs. Plans for the future also include the possibility of withdrawing tokens from the system and selling them on an exchange.

Perhaps I am missing something but it is companies running KYC on their users base. The customer is not the one initiating the KYC, is the company, the process costs is on them, not on their users.

For example, the swissborg ICO are running KYC on any investor above $5k, but the cost is on them. Is a basic AML requirement.

It is know your customer, not know your company.

Please clarify,

[DVMF]

Where are your located?

[wphyolinn]

In the verfication process you use biometric data of a person. How do you get it? A special application? With putting finger on a smartphone screen?

[petern66]

 how long will the ICO last?

[mitterman]

In the verfication process you use biometric data of a person. How do you get it? A special application? With putting finger on a smartphone screen?

As to bio data, can anyone steal them and use for maybe passing the state border, as an example, as someone else? How can it be secured?

[kamandanu]

How long have you been involved in blockchain?

[turlando]

Is there a bounty program?

You can find our bounty thread on BT here: https://bitcointalk.org/index.php?topic=2478038