A Note To Our Last Batch of Smartdrop Participants KYC

Morpheus Labs
Oct 15, 2019 · 4 min read

Dear Smartdrop participants,

The Morpheus Team would like to thank our community for your patience and kind understanding in KYC matter. As we implement the KYC, we constantly seek to improve the process and user experience.

And yes, we have finally come to the last batch of Smartdrop distribution.

In case you missed out our FAQ about KYC

Many investors wonder why MITx requires completing KYC procedure and how to do that. With verifying process implementation, our investors and Smartdrop participants ask about similar issues. Here are the frequently asked questions:

1. What is KYC? KYC or Know Your Customer is a process of verifying customer’s/client’s/investor’s identity. It reduces the risk of illegal manipulations inside Morpheus Labs ecosystem and protects our investors/contributors.

2. Why do i need to get verified on Morpheus Labs? We’ve seen a significant increase in illegal and unethical behaviour in the distribution of the batches that is hurting the stability of the token in a negative manner which is also hurting the community as a whole. Please understand that it’s important that we do these checks because it protects you as a contributor to the project. The bottom line is this: we’re doing this not only to protect the project, but to protect you, as token buyers, from the possibility that anyone could claim these funds are not legitimate.

3. Do I need to pass KYC before getting Smartdrop tokens? Why? Yes, you need to pass KYC before getting Smartdrop tokens. We do that to protect you and ensure no violation of the Smartdrop activity is done. This is a process everyone has to pass including team members.

4. Benefits of KYC? Generally, KYC is done as a precaution against illegal activities like money laundering, bribery or corruption.

KYC Procedure for Batch 6

Commencement: 15 October, 6pm (GMT +8)

Closing date: 21 October, 4pm (GMT +8)

1. Pre-validation

Whitelisted participants will receive an email from us in batches, so please be patient with us.. Please take note of the closing date — any submission after 21 October, 4pm (GMT +8) will not be accepted.

Benefit of verifying your email and details early: Any issues with KYC can be solved before the distribution begins.

2. KYC Process

A link will be sent to you to do KYC. You will be required to upload your passport image and a headshot of yourself. Please refer to KYC guidelines below.

3. Please note that only one application may be submitted by each individual.

KYC Procedure Guideline:

· Only passport document will be accepted as the document is in international format and standard to prove authenticity.

· Center head within frame and present full head from top of hair to bottom of chin.

· Photos must be clear and in high-resolution, with all information clearly visible.

· The face should cover about 60–70 percent of the photo area.

· The applicant’s head, including both face and hair, should be shown from the crown of the head to the tip of the chin.

· Please ensure both ears, neck, and shoulders are clearly visible.

· The head must be centered within the frame.

· Photo should present Full face, front view, eyes open.

· No shadow on the face.

· Documents presented must be original (not copies).

· Passport must be valid (for example, passports that have expired will not be accepted.

Why has KYC failed?

1. Please upload the document with your certificate of identity. If the certificate of identity details are inconsistent with your particulars, we can not accept your KYC verification.

2. Please check that the photos you uploaded are clearly visible. If there are ambiguous parts on the image, we can not accept your KYC verification.

3. Please follow our prompts to take a photo and pay attention to check if the text information is written as required.

Important notes:

1. Only participants who have passed the KYC will be notified within 48–72 hours.

2. Scammers are actively targeting the Morpheus community. Emails will only come from info@morpheuslabs.io.

3. Morpheus Labs has sole discretion whether to approve or reject any application.

Thank you for your attention.

Yours sincerely,

Team Morpheus

PS: We will not use your personal data for purposes other than what we have informed you, or which are permitted under local laws and regulations. We will not offer, publish or share your personal data with third parties outside of the Morpheus Labs for commercial purposes, without seeking your explicit permission. All data collected for KYC procedure will be deleted after distribution is completed.

Morpheus Labs

Written by

The Blockchain-Platform-as-a-Service (BPaaS) for prototyping, deploying and operating Dapps at minimal cost and time. | https://morpheuslabs.io

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