KYC - Know your Customer, just google it...
so to get our NIM we have to send you our data?!
how is the network goin to work? ....
"sorry to create a wallet you need to send us your id"
"sorry, please fill out these forms to participate in mining"
"sorry, to collect your mined coins please fill out these forms and proove that you are allowed to circulate the coin"
i know you try to follow the rules ... and i understand that we dont want anyone here financing some terror and yes this is a browser based blockchain and no cryptocurrency but how is the service going to make up for the loss in financial freedom we get when sending our documents?
btw, thats why i advertise deeponion!
Well, if this the case then this project is more than dead.
The reason why crypto exists is because no one should control over our own money.
But if i have to send my ID to you and fill out stupid things to mine and collect my money then why should i use your service?
Not only do you have my ID and thats terrible enough but also you can control me and my money. No thanks.
This is incorrect. To comply with regulation you have to do KYC to use our NET-to-NIM replacement tool. This doesn't mean you have to do KYC to create a wallet, send/receive NIM or to use any app from the Nimiq Ecosystem. If you join our community you'll find this project is far from dead
it was more a question with some futuristic awnsers.
so we have a ERC-20 token (NET) on the ethereum network and we want it exchanged to a Coin (NIM) on the Nimiq Network and to do that we need to provide KYC compatible documents.
these NIM got premined and you send them to an address on your network we provide and control.
at this point the network started and is getting mined by anonymous users who also receive NIM and maybe trade them on exchange.
what is the point now of collecting KYC documents when the network stays anonymous and you dont offer any incentive for using the Net-to-Nim tool?
im not a shareholder or something, i only hold NIM like all other people of the network. if you really would want to comply, then you need the data of all users because all NIM gets created and sold by you.