Re: ⚡️⚡️[ANN] ⚡️⚡️ MinedBlock ⚡️⚡️ STO Live NOW⚡️⚡️ Fully Managed Mining Service ⚡️⚡
On telegram channel in pin post I seen that KYC verification is paid for 2$. But I didn't understand that if investors are investing in this project then why they are asking to pay for KYC verification?
yeah, i am also confused, i asked that question on their telegram channel but i have not gotten good answer the team should ensure they clarify the public
yeah, im thinking about it, but i confirmed my kyc right there, i think they use the 2$ to automatically buy a token, and use it to confirm that you are now qualified to buy coins. IDK just wild guess.
Why do you need to undergo KYC in the first place? if your not buying their tokens in their ICO then KYC is not required, For investors point of view, i will probably wont touch any project that is asking for payment to complete my KYC. Imagine if 10,000 people play in this project that would be an easy 20k USD for the team
Yeah, i see your point, i still dont know why they need us to pay 2$ in KYC, so i think they are also using this so they can fund the money hmm, it doesn't makes sense after all.
From their FAQ Medium post, I take it that they are using it to minimize their costs and filter out people that are not serious about investing. From Your example above, the other side of the coin, they could have a $20k USD and no real investors.
https://medium.com/@MinedBlock/frequently-asked-questions-94f4e830af31