An Important Note to Our Smartdrop Participants Regarding KYC
Dear Smartdrop participants,
As mentioned in our previous Smartdrop update, Morpheus Labs has implemented a KYC for batch 4 (and onwards). This implementation caused a small delay for which we want to apologise. (Learn more: https://medium.com/@morpheuslabs_io/an-important-announcement-on-distribution-of-smartdrop-batches-20ed9598efed )
The next Smartdrop distribution (batch 5) is on 26 September. We will start the pre-validation process on 24 September 2019. Please respond to pre-validation form within 5 days (by 28 September). We ask that you take some time to read about our KYC procedure as followed.
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:
- 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.
- Why do i need to get verified on Morpheus Labs? We’ve seen a significant increase in illegal and unethical behaviour in the…
