An Important Note to Our Smartdrop Participants Regarding KYC

Morpheus Labs Team
Sep 23, 2019 · 4 min read

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:

  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.

KYC Procedure for Batch 5

Commencement: 24 September, 12pm (GMT +8)

Closing: 28 September, 4pm (GMT +8)

  1. Whitelisted participants will receive an email from us in batches, so please be patient with us. Confirm your email and fill in your particulars as soon as possible. We will stop taking in response after 5 days. Please take note of the closing date.

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

2. After having your email verified, you will receive an email from us to submit a selfie of you holding your passport.

  • Only passport document will be accepted.

4. Only one application may be submitted by each individual.

Important notes:

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

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.

We seek your kind understanding and patience in this matter.

Thank you.

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.

We would love you to be a part of our Community! Join our official Telegram group chat: https://t.me/morpheuslabs

See Morpheus Labs Telegram Guide

Meanwhile, stay connected:

Twitter: https://twitter.com/morpheuslabs_io
Medium: https://medium.com/@morpheuslabs_io
Reddit: https://www.reddit.com/r/MorpheusLabs/
Facebook: www.facebook.com/morpheuslabs.io
Youtube: https://www.youtube.com/channel/UCBDcCbFiFDZOcfkGkAo-iLQ

Visit our website @ https://morpheuslabs.io

Morpheus Labs

Powering Blockchain Worldwide

Morpheus Labs Team

Written by

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

Morpheus Labs

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

Morpheus Labs Team

Written by

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

Morpheus Labs

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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