Hello, what does it mean when a meme token at presale says they have been KYC?
It can mean a lot of things but as far as i know that means if the team has been doing KYC. It has also other meaning just like the participant of pre sale must have done KYC verification before able to participate in the sale. You must ask the developers about this but i just try to remind you never try to believe with any meme token developers.
They were not transparent and there was a big chance for that to be a scam token.
When I think KYC, I think of all the personal information you have to give to trade on a centralized exchange.
When you're wanna participating in the pre-sale or private sale KYC has become mandatory for all of participants. This to make sure it will be following the regulation for AML.