Quote from: rafzalan on November 14, 2017, 09:44:44 AM

Quote from: bitkomuser on November 14, 2017, 08:38:49 AM

Quote from: rafzalan on November 14, 2017, 07:38:30 AM

Looks interesting,
Could you explain more about this paragraph in WP:
"
13.1 KYC
Once ITO finished, token holders, who want to withdraw their tokens to the exchange or
sell them will be able to undergo the KYC procedure
"

Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients.[1] The term is also used to refer to the bank and anti-money laundering regulations which governs these activities. Know your customer processes are also employed by companies of all sizes for the purpose of ensuring their proposed agents, consultants, or distributors are anti-bribery compliant. Banks, insurers and export creditors are increasingly demanding that customers provide detailed anti-corruption due diligence information.

I think that developers mean something like this one:
1) You need to verify your account
2) You trade tokens by yourself on exchange platform
3) You are happy

So it's classic token trading on exchange platform. Why developers select this abbreviation "KYC" - i don't know =)

thanks for your comment, Yes I know what is KYC, but I cant figure out its rule here.

It basically means the KYC will be after the ICO.
Now quite a few ICOs have the KYC much before and whitelist the users, but some of them do it later on when making the coins tradable.
That helps projects with long roadmaps