KYC.LEGAL will launch its ICO on November 29, 2017, using the cash solutions provided by ICOBox, the largest ICO solution provider in the world.
The project is developing a blockchain identity verification platform that allows quick and simple verification of the user to meet the requirements of Know Your Customer (KYC).
KYC.LEGAL plans to issue a total of 42,000,000 tokens during the ICO. The structure of the sale of the token is as follows: the company will launch 35 million KYC tokens during the ICO at an initial price of US $ 1 per token. There will be a maximum limit of US $ 35,000,000. The company will issue an additional 20% of the amount released, 15% of which will be reserved for the KYC.LEGAL team, and 5% will go to operating costs.
"We are very excited to offer our tokens for a product that we believe will forever change the user's identification. The ICO will allow us to introduce a remote verification tool to safely and efficiently resolve current problems with user verification, "said KYC.LEGAL founder Daniil Rausov.
As the number of users of a wide range of applications, digital payments and other online services increases, leading to higher digital penetration rates, KYC requirements are becoming more frequent.
Meeting these requirements is a difficult and time-consuming task. Our unique decentralized ID verification application is designed to eliminate the hassle of this process by facilitating self-verification by users and verification by third parties by agents, while allowing service providers to comply with the requirements of KYC.
The project has already developed a ready-to-use application for self-verification that can be downloaded on devices running on iOS and Android. The company also plans to introduce an agent verification function in the near future. The holder of a token can use this function to choose an agent of the nearby company, who will come and verify the user's identity and documents in 30 minutes.
"We are confident that the ICO will be a success. Taking into account the current commercial landscape in personal identification, the time has come for a product like ours to appear, "added David Drake, adviser to the KYC.LEGAL project.
The application has advantages for both users and service providers. Users receive a quick and painless verification process, with each blockchain user being able to remotely store and update their data automatically.
Service providers can establish relationships with users without intermediaries, which reduces delays. They also receive reliable and secure user information, guaranteeing KYC compliance.
The ICO will run until February 1, 2018 or until all tokens have been sold. For more information you can visit the official site at KYC.LEGAL