NFTb follows Binance by implementing KYC, offering 200 $NFTB in rewards
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NFTb has always been fully committed to the users’ safety and funds.
When it comes to protecting its users & compliance requirements, NFTb takes its role very seriously.
Apart from just meeting the compliance obligations, KYC (Know Your Customer) or otherwise known as Identity Verification, is one of the strongest ways for a platform to protect its users against hackers and market manipulators.
Following the footsteps of NFTb’s biggest backers Binance Labs - all existing and new Launchpad users will need to complete KYC by 15th January 2023 to continue using the Launchpad, receiving 200 $NFTB tokens in return if they complete KYC before 1st January 2023.
“Due to recent weeks’ FTX events and regulatory push, we decided to roll out the KYC requirement sooner — ahead of the much anticipated NFTb 3.0 major upgrade. We feel that being compliant will allow more users to enter the web3 ecosystem and start using NFTb’s services,” stated NFTB’s COO, adding that most people do feel more comfortable using a compliant crypto platform.
The new KYC process is designed to act as a further security layer in addition to the NFTb’s current safety mechanisms by Certik and Hacken.
What is KYC
KYC is a common practice used by crypto exchanges and traditional financial institutions. It enables companies to verify a user’s authenticity by requesting some form of real-world identification. Binance made KYC an obligation for all of its existing and new users on August 20 to access its products and services such as cryptocurrency deposits, trades and withdrawals.
What does it mean for NFTb users?
All users who are utilizing the NFTb Launchpad will need to be KYC verified.
We understand that some users will need time to complete their KYC, therefore, we have extended the KYC completion deadline to 15th January 2023. All Launchpad users who complete the KYC verification before 1st January will be able to claim 200 $NFTB tokens on the rewards page.
What happens if a user doesn’t complete KYC?
- Before 15th January 2023
Everyone can use the platform freely without any restrictions during the transition time. - After 15th of January 2023
All the users who would like to participate in Sales on the NFTb Launchpad need to be verified.
How to complete your KYC?
- Connect your wallet & visit your profile page
2. Click on the KYC Verification button under your profile page
3. Complete the form & upload a copy of your ID (passport, driver’s license, or any other government-issued ID).
4. It takes up to 48 hours to get your documents reviewed.
5. Once the KYC is verified, you will be notified by email and in the KYC section of your profile.
6. Your verification status will be displayed next to your user‘s profile. The 200 $NFTB reward will be airdropped to the registered wallet within 48 hours.
7. Go to https://nftb.io/gaming-rewards/ to claim your 200 $NFTB reward.
Requirements to claim your 200 $NFTB Reward
Only the existing Launchpad users who fulfill the below conditions will be able to claim their 200 $NFTB Reward:
- Verify your email on your profile page as shown above
- Stake min of 1000 $NFTB in 4,6 or 12 months vaults on https://nftb.io/earn/ (or be a Bronze, Silver, Gold or Platinum Member).
- Complete KYC requirements before 1st January 2023*.
*Important notes:
- Steps 1 and 2 have to be completed before submitting the KYC form. Users will only receive the reward once, even if they KYC multiple wallets. All existing NFTb Tiered Members (stakers) are eligible to receive the reward.
- 1000 $NFTB can be staked in one vault and/or in multiple different vaults e.g. 600 $NFTB in the 12 months vault and 400 $NFTB in the 6 months vault.
- The 200 $NFTB reward is only available for members who complete the KYC process before 1st January 2023.
- Please make sure you have enough BNB in your wallet to cover the gas fees.
Thank you for KYC’ing your account!
We appreciate the quick turnaround
NFTb Team
About NFTb
NFTb is a multichain Gaming & Metaverse platform for digital ownership, empowering GameFi projects with the ability to distribute & raise liquidity.
Backed by Binance Labs, Polygon Studios, Klaytn Foundation & Oasis Protocol, NFTb is well equipped to facilitate early-stage funding or GameFi communities by amplifying them through NFTb Launchpad, gaming MetaMarket and staking vault offering.
NFTB provides support for early and mid-stage web3 projects through their incubation programs & accelerator grants with Klaytn & Polygon.
