KYC procedure is necessary, every large and promising project sooner or later introduces KYC for users.
KYC problem only for beginners, experienced guys go through this procedure very quickly!
I do not see the need for this procedure. many investors do not want to go through it. it reveals their essence. they would like to invest money anonymously. but many projects do not allow this to happen. I think, that there would be more investment if this procedure were not available.
I also think that the extra difficulties are not necessary. Moreover, the world of cryptocurrencies was created as a world for anonymous users, and passing KYC we transfer our data to other people.
I agree with you, the world of cryptocurrency is invented specifically for anonymous investment, and the more I do not consider this procedure necessary, it is better to spend time and money on marketing or to improve the quality of the product.
You really want to put 30% of raised money for security and protection sector? That’s good and necessary, but for what?
I know that you can't spare money on security and marketing, the effectiveness of these two areas is extremely important for the project.
Security in cryptocurrency is now the most relevant and can not be neglected. There are a lot of scammers who attack ordinary users and individual projects. I agree with the decision of the team to invest a significant amount of money in safety.
As the experience of other exchanges shows, no one is immune from hacking and loss of funds. However, even the most advanced security system is not able to keep modern fraudsters. In my opinion, at the early stages of development of the exchange, it will be more correct to invest in marketing and advertising.
a very true comment, but I think this project is just the allocation of funds for security acts as a hidden advertising, as they pay very much attention to it and it attracts new users.