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It's been a pretty exciting past twelve hours or so; Galilel announcing the establishment of a corporate entity and BTC making a dramatic move upwards, possibly signalling the end of the bear market. I think the stars are starting to align nicely now and GALI will continue to go from strength to strength. Whilst many of us in the cryptosphere tend to look at short timeframes, hoping for instant gains, after a while you soon come to realise that that is just 'noise'. You only get a clear picture of trends by looking at higher timeframes. This is particularly applicable to GALI given that it is a young currency. In my opinion the team are making all the right moves - a slowly but surely approach to building a genuinely successful project rather than a reckless pursuit of instant riches with no substance. It's important to keep an eye on your investments, but just imagine switching off from GALI for the next few years...I feel sure your eyes would/will pop out of your head when you see where we are then compared to now!

Those are indeed some interesting developments. In what country would the GALI company be registered?

In Germany. This will also give a form of government official proof of the people behind the project, something which a service like KYC could never offer.

By this time I have seen many projects, that initially claim, that this procedure KYC is not needed. but when it was a while, they announced? that it was necessary

Sorry I made a typo. Which I wanted to say is KYD as in the service. Edited it

Cheers

But i honestly feel like Know Your Developer will supply a developer with a lot more trust between the community and the developer.
It would be a wise decision to be verified.
Ill be watching GALI closely myself.

We are already verified there
https://review.kydcoin.io/galicoin/

What I was refering to is that this is a private service, while a registered company provides a whole different level of trust since it is verified by the government/state and identities are registered in a state registry.