@wcxofficial, my apologies for not responding sooner.
I have one more question, which I would appreciate being answered.
Why is KYC not a requirement to trade on your platform, if it is required in order to claim referral link tokens?
I would greatly appreciate you highlighting the difference(s) there.
It certainly appears that if it was required in one instance, it would be a requirement for the other as well.
Thank you.
KYC is not required to trade between digital currencies like BTC or ETH. When fiat is introduced, it will be required. For digital currencies that may be considered securities in some jurisdictions, it will also likely be required.
For XT, the requirement is both regulatory and also to check that referrals are actual people (not spam or duplicates or self-referrals). This is important because we need to make sure XT are distributed fairly to real people.