The long-awaited details came out. Thanks.
Why is KYC so important?
KYC is required by the banks and exchanges. As our token sale agreement did not allow for US citizens and other restricted persons to participate in the sale, the KYC procedure allows to verify citizenship and make sure the token holders comply with those rules.
Hi Vlad, Expect soon the story that all investors with good faith, that cannot fulfill the KYC, will lose their money.
Hello!
First of all, we don't see any problems in the fulfillment of KYC. Nowadays, almost every ICO has KYC as a usual part of the process. We need to conduct KYC procedure 1) cause it's required by banks, 2) to protect the company and tokenholders from participation of restricted persons.
So, why would it be a problem?
And second, for everybody who doesn't fulfill or doesn't want to fulfill the KYC procedure, we will provide the refunds.