What is NEO? NEO is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. TheShow more [+] project is based in China and was originally launched in 2014 as AntShares. NEO uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism and can support up to 10,000 transactions per second. NEO tokens can be staked to produce GAS tokens which are used as the fuel of the platform, to pay for computation or deployment of smart contracts within the NEO network. The project was founded by Da Hongfei.
I recently tried out my 1st transaction and it went fine with no hassle. I’m excited about a lot of proyects running on the NEO platform but Switcheo has tremendous potential being first time mover and providing a useful service.
If I fail KYC round 2 can I still participate in round 1?
If KYC round 2 fails for a good reason (e.g. our identity provider detected fraud of any kind) we exclude participants from round 1 and 2. If participants submit the wrong documents (e.g. ID or driver license if only passport allowed) because of restricted selection, they are excluded from round 2 but can participate in round 1 if passed KYC for round 1.
If I choose not to submit my documents for round 2, can I still participate in round 1?
Yes, just do not submit any information for KYC round 2 and you can participate in round 1 if you passed it.
In KYC1 I submitted my driver license / my national ID - now I can only select passport. What to do?
KYC round 1 document ID is independent from KYC round 2 - participants need to submit the document we offer to choose from in KYC round 2 only. This is an extended identity check required by anti-money laundry laws when investing above $1,000.00.
I have Smartphone X - it does not generate 200 DPI photos - can I still use them?
If the file size restriction is still met and the image is clear, they are fine. Just make sure to take pictures at the right proximity (look at the PDF example for that!).
I have a old expired passport, should I use it?
No, never use a expired document when doing identity verification!
I was not aware of this lottery do I need to do anything ?
One week to fill simplified KYC for winners of first draw;
Second lottery draw (about 6,000 winners) filling spots left by winners of first draw;
One week to fill simplified KYC for winners of second draw;
Winners of first and second draws when doing the simplified KYC were asked if they wanted to participate only in round 1 and on both rounds 1 and 2. There was a warning stating that an extended KYC would be needed with additional documentation, this is the current state, whoever selected both rounds is invited to do the process - this is required if you want to participate in round 2;
ICO round 1;
Draw of participants in round 2 from the pool of people approved in the extended KYC, number of people selected = (50M - amount sold in round 1) / 9000;