Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SophiaTX Announcement - The Blockchain for Business
by
Terrratron
on 03/12/2017, 11:47:31 UTC
If I do the KYC registration today, can I immediately buy tokens when the ICO starts? Or do I have to wait until someone checks my data? How long will that take?

You will receive an email notification. If the email says that you passed you can buy immediately after the TGE starts. If you did not pass you can write an email to report@sophiatx.com and we will look at your case individually. It may take some time, so it is better to do it ASAP if you want to make sure that you can participate in the first round.

Is KYC to be passed by any investor?

I am not sure what you are asking but if you ask about bigger investors e.g. companies or individuals investing hundreds of ETH - yes they all have to have KYC.
So small investor (less than 5 ETH) doesnt need to go through the KYC procedure?

No, they need to go through KYC. I wanted to say that every investor - big or small - has to go through KYC.

Just take it as given guys, you have to go through this procedure no matter how much you invest if you wanna participate in the ICO, because it's a regulator's demand. Otherwise, wait till the ICO is over and go buy directly from the exchanges, but then the price might not be that attractive and you might lose bonuses.

If there are such rules, that identification is necessary, there is nothing to be done, it is necessary to follow the rules. Soon, I think, the entire cryptographic environment will be regulated by the states that want to collect taxes from everyone with whom they can. By the way, in connection with this, it is possible that anonymous crypto-currencies will try to ban in some countries.