The Significance of KYC and the arrival of the TREOS Token Conversion Event

TREOS
TREOS
Nov 2 · 3 min read

As the world of blockchain begins to see progress and explores better and more practical ways to implement its use in everyday life the need for security, accuracy and privacy has become all the more important. The integration of KYC/AML (Know Your Customer/Anti Money Laundering) into the system is essential for an operation such as TREOS where the identity of everyone who uses the Marketplace in any way can be verified as real and reliable to support maintaining the highest level of safety and security possible. The demand for KYC to be functioning properly not only satisfies the concerns of TREOS shoppers, vendors, enthusiasts and influencers it also adheres to guidelines set by. the financial regulators in Malta where the company is registered.

The TREOS Token Conversion Event (TCE) originally scheduled to begin on August 1 of this year was ready to proceed on time and announcements were sent out. The long awaited beginning of the TREOS ecosystem was right around the corner but when people began to register and submit requested credentials for verification, it became immediately clear that something was not working properly. Something no one anticipated, a delay of 2–3 months was required before the programmers who were working along with the contracted 3rd party company were able to identify and isolate the problem and then finally rectify the situation.

At this time TREOS is thrilled to announce that WE are ready – Registration, along with the TCE to convert. GCR for TRO is now up on TREOS.io. There will be a 60 day time limit as was originally stated for GCR coin holders to engage in the 1:1 exchange. The TRO received can be sold to all shoppers who wish to participate in the marketplace utilizing the fuel store anchored to the value of 1 gram of gold in exchange for several top tier crypto coins. The stable TRO token and the ecosystem it supports are a gigantic step forward for everyone who wishes to become pioneers in this new economy built for and by the people.

Throughout the delay, enormous hurdles were overcome and many people saw their patience stretched and concerns naturally surfaced. But through this most challenging period the team put its entire focus into moving through it gracefully. Due to the initial uncertainty of the matter and the extreme attention required to finally come out on top, the communication from the TREOS staff has been limited and we offer a sincere apology to all of our supporters who have stood by us and waited it out. The decision was made early on to not give any notice about our progress until we were certain that the KYC issue had been resolved. Also during this time some really good new developments have appeared on the horizon which you’ll be hearing about in due time.

This call to action goes out to everyone who is planning to play a part in this exciting first step of many to the new economy. Following the TCE it will not be long before the shoppers and vendors anxious to buy and sell their goods and services will have the opportunity to do so. The wait is over… the future belongs to us all. TREOS was built from the ground up to provide all people in this world a way to engage in commerce and connect to one another. The freedom to choose is yours.

PLATFORM LINK

‪https://treos.io/?target=register_vendor&ref_id=4854‬

YOBIT

https://yobit.net/en/trade/GCR/BTC

DISCORD

https://discord.gg/8vcZEXU

TELEGRAM

t.me/TREOS_Official

TREOS

TREOS

A global ecosystem & online marketplace that uses a stable token to solve volatility; opening up cryptocurrency commerce and adoption. www.TREOS.com

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