The Kyc.Legal platform is a platform that allows easy identification of users on various resources. So, for example, to open a bank account you need to provide some documents, and receiving prescription of medicine in online pharmacies is completely different. The Kyc.Legal platform is based on the American "Know Your Customer" ("Know your customer", "KYC") technology. It will also be convenient to use this platform when working with crypto-exchanges, broker companies, when buying alcohol or tobacco in online stores to confirm the age, etc. The Kyc.Legal platform currently supports Russian and English versions. In the future, it is planned to make the platform multilingual.
Thus, the platform allows verifying the identity of a Client with the participation of those documents that are needed by a particular resource. To work in this manner, a user must upload all of the documents in the platform database. And it should be noted immediately that a user does not need to worry about the safety of personal data - the platform works on the blockchain technology, that allows keeping all customer data under reliable protection from unauthorized use.
User registration requires two parts:
- identification through the Kyc.Legal platform application. Currently, the mobile application for the first stage can be installed on iOS and Android;
- confirmation of documents and the identification of a user through the representative of the Kyc.Legal platform. In this case, a user does not need to go anywhere. An agent visits a user himself to confirm the documents. After that, the documents are checked against numerous databases, which already provides protection to a service provider from the point of view of providing genuine documents. Upon the passage of the second a the user is able to start working in the system.
There is a fair question that it is quite expensive to maintain an entire staff of agents and, consequently, this can decrease the company's profit, which is an unfavorable factor for investors. Kyc.Legal platform has found a way out and refused to keep the agents - now any person, registered as an agent, can confirm the documents for 5-25 dollars. The agent is responsible for the quality of the documents examined.
It should be noted that the whole process takes no more than 45 minutes, which is an absolute record in the market for this type of services. To implement this know-how, the company needs investments, thus, Kyc.Legal plans to attract investors through the crowdsale, which will take place in several stages:
- 1 token = $1 (the discount is 60% of the final cost of the token);
- 1 token = $1.15 (56% discount);
- 1 token = $1.25 (50% discount);
- 1 token = $1.35 (46% discount);
- 1 token = $1.45 (42% discount) - currently the fifth stage of the ICO is taking place;
- 1 token = $1.55 (38% discount);
- 1 token = $1.65 (34% discount);
- 1 token = $1.75 (30% discount);
- 1 token = $1.85 (26% discount);
- 1 token = $1.95 (22% discount);
- 1 token = $2.1 (16% discount);
- 1 token = $2.15(14% discount);
- 1 token = $2.3 (8% discount);
- 1 token = $2.5 - this is the final price of the token.
Thus, the total amount of 42 million tokens will be issued, 80% of which will be directed to the crowdsale, 15% - to the team, and 5% - to the operating expenses. The goal of the ICO is to raise 35 million for the promotion and development of the project.
Summing up the review, we can conclude that this platform is really unique and useful: users are able to quickly provide information on various resources and get high protection of their personal information through the blockchain technology, and service providers are able to obtain a reliable information about a user.
Website: https://kyc.legal/en/
White Paper: https://kyc.legal/WhitePaper-ENG.pdf
Telegram: https://t.me/KYCLEGAL
Twitter: https://twitter.com/KYCLegal
Facebook: https://www.facebook.com/KYCLegal
Author: https://bitcointalk.org/index.php?action=profile;u=980049