The innovations that KYC offer

KYC is a new cryptocurrency and security device built on blockchain technology that is currently in the process of working towards its initial coin offering. KYC is an acronym for Know Your Customer and that is the wholesale idea behind this new blockchain technology. They’re offering a reliable way for customers to pay and for businesses to take payments for products that require identification. For customers, they offer the ability to store the token owner’s information, and keep it encrypted via biometric data and through encryption keys. All of the data is hosted on the owner’s device meaning that unless they choose to hand that data over it remins secure. They also have the ability to verify documents with their own unique signature. From a business standpoint, they are less likely to be tricked with false information and there will be a much smaller chance of fake profiles proliferating the market.
Overall the idea to use blockchain technology as an identity verification tool is both unique and innovative. It will offer a much safer way to trade online, and with the correct developments will be much harder to partake in identity fraud. By undertaking this project KYC Legal have taken the first steps towards making using the internet a much safer ride and it can only be a benefit for both consumers and businesses. There is also the ability to use KYC as a traditional cryptocurrency, which means that safer trading will be an instant opportunity with the use of KYC. The identification verification part of KYC means that it can also be used to house a wallet for cryptocurrencies and keep them safe and sound. KYC has the potential to be a trailblazer within the cryptocurrency world, which is quite an achievement within a world that is already blazing trails.
The innovations that KYC offer are many and varied. Firstly the idea to use a blockchain technology as an identification device is ingenious. It will allow new levels of safety to both customers and businesses. Their way of selling KYC is also incredibly innovative, offering discounts to early adopters. These two factors give KYC and instant headstart in the world of cryptocurrencies as an identification tool, which will most likely become a saturated market as other people become aware of the idea. Their own inbuilt app that is available to the general public is also something that not many blockchain companies offer at the moment, all too often technology is used as a barrier to the general public but in a refreshing and innovative change KYC Legal have attempted to make their token as accessible as possible.

The ICO for KYC has been a staggered release. At the very first stage, which was the tenth of December 2017, KYC was offered at a 60% discount from the final price, which works out at $1. Then at 5 or 7-day intervals the discount rate was lowered by 4% a time until the final token release on the first of March 2018 and the final price of $2.50. This shows that KYC is trying to reward people who take their product on board as early adopters and the slow increase in price to the full price means that there has been a the natural rise in the price of the cryptocurrency, so investors can get an immediate return if they so wish.

Website: https://kyc.legal/

Telegram:https://t.me/KYCLegalBounty

Twitter:https://twitter.com/KYCLegal/

Facebook:https://www.facebook.com/KYCLegal/

Whitepaper:https://kyc.legal/WhitePaper-ENG.pdf

Eth Adress:0xcacf88992a543625503a9a5913b50743d28df44e

AuthorBitcointalk:https://bitcointalk.org/index.php?action=profile;u=1078950