Re: ⭐[ANN] [ICO] ONAM Exchange - Globalizing Seamless Trading Under One Platform⭐

Was just over with the team in Telegram and the mvp will coming out later today. You need to KYC for it though. It might be a barrier for some but we will see when it comes to life.

Yeah, having to go through a KYC process is mandatory to test the MVP unfortunately. I am wondering if they will have an extern company doing it for them and how long it will take until you can get verified

I can imagine not a lot of people will try out the mvp because most people hate to do the kyc. But it is important to do the kyc to bring security against scammers.

So even Onam depaneds on KYC? aren't there any other special security method or pre action? I guess it's nothing for scammers to pass a KYC and keep scamming...

this is a serous problem of the KYC rules, because some of the project uses KYC and we are not guaranteed that all the Photos we send to them will not be use to steal our identity and used it to another project for the multiple KYC account. I am not happy doing such KYC in some reason but if it is must and on their rules and regulation i guess its ok to submit to get involve such a good and well developed projects

You mean to say they should mention some kind of declaration that they will not be using personal information for any other purpose?