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Melissa Burr 🍓
@burrrrrberry
Ok, so I'm going to share this experience because I think it's important. I recently completed the KYC process for the Moxie retrogrant. I did this for the Burr Frens poker club. If this were up to me, I would not have completed this. I was not informed that I'd have to submit my passport and utility bill in order to receive this grant. Let's dive in 🫡 First off, it's through gatenox - idk much about them, but let's assume they are a reputable and secure site
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Jason Goldberg
@betashop.eth
Thanks for going through this. Just FYI moxie and our team do not have access to any of the info you provided. It’s similar to putting your credit card into a website. The merchant does not get the card number, they just know it was approved or denied. The KYC is required for grants under the regulations of the countries moxie dao operates in. The process moxie has is the same as optimism and other major retro grants in the industry. It’s standard practice for grants.
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J. Valeska 🦊🎩🫂
@jvaleska.eth
sadly, that's true, this is how all grant systems are working in the industry, KYCs are usually delegated into third party companies, and KYCs are required by current regulations in many countries revealed preference: users and devs dislike this KYC regulation and users only will complete them when there are incentives
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Jason Goldberg
@betashop.eth
The incentives are there? $625,000 worth of moxie at current prices for about 130 grants.
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