Token: KYC

Blockchain Identity Verification

ICO dates
Start date: 2017-11-29
End date: 2018-03-01

Registrated in: Russia

Platform: Ethereum
Type: ERC20

PREMIUM ICO Screenshot
KYC.LEGAL categories
Business services
KYC.LEGAL token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 1,000,000 USD
Hard cap 35,000,000 USD
Tokens for sale 33,600,000
Token distribution in ICO
Price 1 KYC = 1 USD
Acceppting BTC, ETH, LTC, DASH, ZEC, Fiat
KYC.LEGAL news, social
KYC.LEGAL search trends in Google
Random whitepaper excerpts
1 Legal Disclaimer
2 Value Proposition
3 Introduction
3.1 ID Verification Market
3.2 Market Challenges
3.3 Blockchain technology for personal identification
4 KYC.LEGAL solution: addressing the challenges of identity verification market
4.1 Technology
4.2 Purpose
4.3 Economics
4.4 Roadmap
5 Business landscape
5.1 Competition
5.2 KYC.LEGAL Advantage Matrix
5.3 Key Team Members
6 Token Sale
6.1 Token Launch summary
6.2 Token Distribution
6.3 Budget Allocation
7 Appendix
Technical Specifications
8 References
1. Legal Disclaimer
The purpose of this White Paper is to present the KYC.LEGAL project to potential token holders
in connection with the proposed Token Generation Event. The information set forth below may
not be exhaustive and does not imply any elements of a contractual relationship. Its sole pur-
pose is to provide relevant and reasonable information to potential token holders in order for
them to determine whether to undertake a thorough analysis of KYC.LEGAL token generation
with the intent of acquiring them.
Nothing in this White Paper shall be deemed to constitute a prospectus of any sort or a solici-
tation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to
buy any securities in any jurisdiction.
This document is not composed in accordance with laws or regulations of any jurisdiction
which are designed to protect investors. Certain statements, estimates and financial informa
tion contained in this White Paper constit...
2. Value Proposition
We propose KYC.LEGAL as a service that allows services to verify users and prevent fraud.
Based on blockchain technology as a tool to protect and validate personal data for internet
users, KYC.LEGAL provides:
• Users: Painless and fast verification process, protection of personal information through en
cryption and biometric data, data hosting on user’s device, control over provided data, digital
signature for document verification.
• Service providers / token holders: KYC compliance, reliable and secure user information, fraud
prevention, ecosystem to interact with customers.
On top of that, KYC token is infused with a set of features that, if desired, allows KYC token hold
ers for additional revenue streams creation.
3. Introduction
The promise of identification services was to create a more reliable and efficient way to verify
our IDs while protecting our privacy. The hope was that the Internet would arrive with a transpar ...
have spent billions on compliance while their experience hasn’t improved a bit.
This paper will review the current state of ID verification tech focusing on KYC process. It will
outline a new solution that creates a transparent and efficient Blockchain-based service for
users and service providers.
3.1 ID verification market
We live in a brand new digital world. More than that, we are the grassroots of Web3, experienc
ing increasing power and influence of Blockchain-based technologies on our day-to day life.
According to recent MarketsandMarkets
report, Blockchain technology market size will be
worth 2.3 billion by 2021, increasing at a compound annual growth rate (CAGR) of 61.5 percent.
Within Blockchain, the digital identity market is expected to grow at the highest rate as the
Blockchain would make digital identities more secure and efficient, resulting in seamless sign-
ons and a reduction of identity fraud. In addition, the global Identity Management m...
Recently, increased importance of ID verification improvement powered various legisla
tive activities in the field. The major one, called the General Data Protection Regulation
has been ratified by the European Parliament in April 2016 and will take effect
in May 4 2018. Focusing on responsibility for personal data management, it enforces new
obligations regarding estimation of high-risk methods of personal data proceeding (Pri
vacy Impact Assessments), influence on users, appointment of a designated executive
(Data Protection Officer), awareness during the selection of mediators taking part in data
proceeding, and record of all actions of personal data proceeding.
And so we decided the time was right for KYC.LEGAL to tackle these challenges.
3.2 Market Challenges
We believe that current state-of-art ID verification solutions represent a promising oppor
tunity: the market is clearly large and rapidly growing; ID verification became a...
vices just the bare minimum. One example is adult websites that post 18+ content.
Now, in order to access the website, you will be requested to provide your complete
ID information or authorize through your social network profile despite the fact
that only year of birth is truly required.
For service providers:
- High user verification costs.
User verification on average costs between $10 and $1500 per KYC
, depending
on the service. It also takes up to 2+ days on average and at times amounts to 6
weeks in processing.
- Inauthentic user data.
Due to increase of fraud risk, services are forced to implement complex personal
data verification algorithms. Nevertheless, in most cases they fail in creating a
trustworthy verification process, which leads to:
Violation of Terms of Use, often without any consequences, which causes a finan-
cial and other distresses to business and customers.
For everyone:
- Data storage security and...
3.3 Blockchain technology for personal identification
The diversity of middlemen and the lack of value-added to service providers and users make some
sort of simplification of the present online ID verification system inevitable. The reality remains: user
experience is valuable, but it hasn’t been properly improved with an efficient and transparent service.
According to Customer Due Diligence
(CDD) Market Survey 2016 performed by Nice Actimize, Fi
nancial Services Organizations are facing an increased need to evaluate and enhance organizational
CDD/KYC controls in order to address the new regulatory requirements. Top operational challenges
related to current CDD/KYC are manual processes and data quality & availability, and the highest
operational priorities related to CDD/KYC programs are to improve data quality, investment in new
technology solutions and process automation.
Blockchain technology, utilizing a decentralized data ledger, is capable of addressin...
Nowadays decentralized systems are globally adopted by international corporations and gov
ernments. Investing in new technology solutions and process automation, was one of the top
three priorities for surveyed CDD providers.
Meanwhile, these enterprises still maintain significant staff of lawyers, notaries, regulators,
bankers and other clerks to verify and approve a multitude of processes around KYC com
pliance. Manual processes are labor intensive, subject to human error, and lack consistency.
Furthermore, an increased workload can result from the need for more people to do things
manually. However, survey respondents indicated their willingness to work smarter, not harder.
Blockchain provides a platform for technologies to introduce secure and automated solutions
while complying with the latest regulations around KYC performance.
4. KYC.LEGAL solution
personal data
data encryption
by SHA3
user ...


August 2017
- Start of KYC.LEGAL application development
October 2017
- KYC.LEGAL application beta launch
November 2017
- ICO start
- Compaign in Hong Kong & Madrid
February 2018
- ICO closure
- Product launch
- Campaign in Bejing & Shanghai
- KYC.LEGAL to publish company's development plan, key goals and milestones
May 2018
- Campaign in New York and Sao Paolo
July 2018
- KYC token to be listed on exchanges
August 2018
- Campaign in Moscow, Saint Petersburg and Singapore
November 2018
- Campaign in Tokyo, Seoul and Chuntsin
December 2018
- KYC.LEGAL acquiers 10,000,000 users and over 100 service providers in 2018 with first 1,000,000 users to be verified at no charge
February 2019
- Campaign in Berlin, Paris, Rome, London and Istanbul
May 2019
- Campaign in Delhi, Mumbai and Bangkok
By 2020
- Over 20,000,000 users acquired
Sergei Bekrenev
Sergei Bekrenev Co-Founder

Nick Evdokimov
Nick Evdokimov Strategy Director

Allan Young
Advisors Allan Young Advisor

Feroz Sanaulla
Advisors Feroz Sanaulla Advisor

Vibhuti Jha
Advisors Vibhuti Jha Advisor

David Drake
Advisors David Drake Advisor

Alina Suslova
Advisors Alina Suslova Advisor

Kirill Gusev
Advisors Kirill Gusev Advisor

Chris Fure
Advisors Chris Fure

Erik Wachtmeister
Advisors Erik Wachtmeister Founder, Best of All Worlds and A Small World (Stockholm, New York)

William Davis III
Advisors William Davis III Former Chief Cybersecurity Officer Daopay, Global Payments (New York)

Illia Pashkov
Advisors Illia Pashkov

Nick Evdokimov
Nick Evdokimov
Strategy Director
Founder of Cryptonomos
Blockchain Advisor
Strategy Director
Strategy Director
Blockchain Professional & Strategy Director
Allan Young
Allan Young
Founder, TopLine and Runway Incubator
Co-founder and Vice-Chairman
Founder, TopLine and Runway Incubator (San Francisco, Richmond CA)
Feroz Sanaulla
Feroz Sanaulla
Dubai Family Office Advisor
Vibhuti Jha
Vibhuti Jha
Former Director American Express Bank International
David Drake
David Drake
Strategic Advisor
Chairman of LDJ Capital
Managing Partner at LDJ LP Fund Investments
Founder - LDJ Capital Inc
Key Advisor
ICO Adviser
Chairman of LDJ Capital, LDJ Real Estate Group, Drake Hospitality Group
Founder & Chairman at LDJ Capital. Board Advisor. Leading figure within Cryptocurrency.
Chairman of LDJ Capital
BlockChain Advisor
Chairman at LDJ Capital, Board Advisor at Ambrosus and LAToken
Chairman LDJ Capital
Financial Advisor
Advisor & Director on the Advisory Board
Chairman LDJ Capital
Chairman at LDJ Capital
Founder and Chairman, LDJ Capital
Founder and Chairman, LDJ Capital
David Drake is the Chairman of LDJ Capital
Chairman at LDJ Cayman Fund Ltd.
Investor Relations/Senior Advisor
Board Advisor
Founder and Chairman, LDJ Capital Inc. (New York)
Chairman At LDJ Capital
Board Advisor
#1 Crypto Expert on ICObench
Chief STRATEGY officer
Advisor, New York, USA
Founder and Chairman, LDJ Capital
Chairman of LDJ Capital, Victoria Partners, LDJ Real Estate Group, Drake Hospitality Group and the Soho Loft Group.
Managing Partner
Kirill GUSEV
Kirill GUSEV
CEO and founder
Erik Wachtmeister
Erik Wachtmeister
Founder, Best of All Worlds and A Small World (Stockholm, New York)
Social Networking Advisory
Illia Pashkov
Illia Pashkov
Chief Creative Technologist
Blockchain Adviser
Creative Technologist & Blockchain Designer