Desmos Primer / Validator Programme Conclusion

Terence Lam
Desmos Network
Published in
2 min readJun 10, 2021

After three review phases which included a detailed investigation and an analysis of regulatory frameworks, we have officially notified all users of their eligibility status to claim their reward(s). As stated in our previous announcement and email(s), below are the reason(s) you have been disqualified:

  1. You appealed but did not do KYC in the first place
  2. Your KYC / AML submission did not pass
  3. We highly suspect you are trying to claim rewards for multiple nodes
  4. We highly suspect you are related to other kinds of sybil behaviour

As one of the founding members of Desmos with experience attained in more than 20 blockchain ecosystems over the past few years, I believe the quality of early token holders are extremely crucial to the long term success of any crypto project. As such, I decided to take rigorous measures during our KYC review for Desmos Primer / Validator Programme in order to protect the interest of our stakeholders and the future success of Desmos.

These results are final and we will no longer handle any more requests relating to this matter privately or publicly. We understand not everyone will be satisfied with the results, but as the sole final decision maker of this review, I stand by my decisions.

Finally, I want to remind everyone that we are committed to keeping our official communication channels high quality and we hope you will do the same.

Thank you once again for your understanding and support.

Terence
Founding team of Desmos & Cofounder of Forbole

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