Re: [ANN] Lynked.World : Solving Real Life Problems in the current Digital Era
I just went through KYC,and now i have to decide how much to invest.Anyone with some advice?
Is your ID enough for KYC, or proof of residence is needed too?And how long it took go finish KYC?
Hi sevenkeys
To successfuly finish KYC, proof of residence is needed too.KYC process usually lasts 24-36 hours.
Is KYC done by you or you outsourced to some other company?
I know this is not the case here, but how much does this service cost?
If i remember correctly,cost for KYC is something like 10-15 USD per person.So its not an insignificant amount when you have thousands of people.
The price is affordable. Considering the potentially number of users which must go thru KYC the interest of the outsourced company is clear
The more KYC requests the better, even if only 50% percent people that go through KYC invest you still gain much more then what KYC per person costs.
I believe this is the case when it comes to Lynked.World, but some projects that have failed probably did not have this rate.Bad airdrop can cause you a lot of KYC requests and very few investments.
That usually happens to projects that don't even have an MVP, I won't even mention having an app.They try to attract people with airdrop and then they fail with lots of expenses, KYC being one of them.