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The project looks interesting. If a few questions clarify me a little, I will gladly join. Do I understand you correctly that you will provide banking services using Blockchain?

Hi capricorn121, thanks for your questions! Let me clear it up for you. We're creating the system that provides services similar to banking ones, but based on other principles: the profit from the loan doesn't go to the bank, but is distributed between the end user who issued the loan/ part of the loan, the KYC partner who verified the identity of the borrower and the Insurance blockchain which insured this transaction. Do you have more questions to ask? I'll be happy to answer them all

How will the identity of the borrower be checked? Who will be the KYC partner?

That's a good question. The identity of the borrower will be checked according to the common rules of going through KYC.

did i correctly understand? all participants will have to do the procedure of KYC. And also specify, now KYC at what stage of implementation?

You can become not only a PoS masternode, but also a KYC masternode. PoS masternode benefits from keeping money on the account. KYC masternode does the procedure of KYC for borrowers and gets interest from all loans issued to that borrower.

Like in a simple example, KYC masternode can do KYC not by themselves but to function as a gateway between PayDayCoin and for example Civic.com

So can you describe how it works? What should I do if I become a KYC masternode?

Isn't that written in the whitepaper?? I think I heard this info somewhere..

Unfortunatelly it's not clear for me. I hoped somebody could explain the main principles.