why KYC is required for the auction? is there anything compulsory.
less buyers means less popular. we do not know why it limits too much.
Why KYC is required for the auction, is there any compulsory law
Great question but I think it won’t be answered. I’ve seen similar questions regarding KYC from several months ago, go unanswered still to this day.
Maybe in future the tokens will be sold by algorand’ subsidiary? Algorand Cayman SEZC , a Cayman Islands subsidiary of Algorand, Inc., is the sole owner of all tokens held by any of Algorand, Inc. or its subsidiaries.
as said in https://www.algorand.com/resources/blog/algorand-transparency-report-january-9-2020
If so, maybe no KYC is required in future, because the subsidiary is in Cayman Islands.
These transparency reports are rather “Obfuscation reports”. How did Cayman SEZC acquire the 2 Billion Algos? At what price? How will the 10% price decrease compensation mechanism operate?
More and more questions… There is a comment at the end of the report, where it is suggested that some insiders get Algo at a rate of 0.05 USD.
So, on one hand Algorand blockchain is a technical miracle.
On the other hand it is a financial mess. Or is it?