NFT Genesis Block Sale
During the Earth Dollar Token Sale, we will be auctioning off the Genesis Blocks of the Earth Dollar from 1 to 5,000. The blocks will be paired with an NFT and physical 1 oz. limited edition collectible commemorative coins of 99.99% pure gold, silver, platinum, palladium, and rhodium. A great numismatic coin collection.
INTRODUCTION TO THE NFT GENESIS BLOCK SALE
In celebration of the launch of the Earth Dollar and the Mother Earth Supercomputer (& Blockchain), we are selling the first blocks of the Earth Dollar on the blockchain (Genesis Blocks) as NFTs (Non-Fungible Tokens).
What Is a Genesis Block?
A Genesis Block is the name given to the first block a cryptocurrency, such as Bitcoin, ever mined (in the case of the Earth Dollar is the first block farmed).
A blockchain consists of a series of so-called blocks that are used to store information related to transactions that occur on a blockchain network. Each of the blocks contains a unique header, and each such block is identified by its block header hash individually.
These blocks get layered—one on top of the other, with the Genesis Block being the foundation—and they grow in height until the end of the blockchain is reached and the sequence is complete. The layers and deep history of each sequence are one of the things that makes a blockchain-based cryptocurrency so secure.
Bitcoin’s Genesis Block was the first instance of a proof-of-work blockchain system and is the template for all other blocks in its blockchain. In 2009, Bitcoin’s pseudonymous developer, Satoshi Nakamoto, created the Genesis Block, which launched the cryptocurrency boom that is ongoing today.
The Earth Dollar’s Genesis Block is the first instance of Proof-of-Utility on the Mother Earth Supercomputer (& Blockchain).
INTRODUCTION TO THE NFT GENESIS BLOCK SALE
In celebration of the launch of the Earth Dollar and the Mother Earth Supercomputer (& Blockchain), we are selling the first blocks of the Earth Dollar on the blockchain (Genesis Blocks) as NFTs (Non-Fungible Tokens).
What Is a Genesis Block?
A Genesis Block is the name given to the first block a cryptocurrency, such as Bitcoin, ever mined (in the case of the Earth Dollar is the first block farmed).
A blockchain consists of a series of so-called blocks that are used to store information related to transactions that occur on a blockchain network. Each of the blocks contains a unique header, and each such block is identified by its block header hash individually.
These blocks get layered—one on top of the other, with the Genesis Block being the foundation—and they grow in height until the end of the blockchain is reached and the sequence is complete. The layers and deep history of each sequence are one of the things that makes a blockchain-based cryptocurrency so secure.
Bitcoin’s Genesis Block was the first instance of a proof-of-work blockchain system and is the template for all other blocks in its blockchain. In 2009, Bitcoin’s pseudonymous developer, Satoshi Nakamoto, created the Genesis Block, which launched the cryptocurrency boom that is ongoing today.
The Earth Dollar’s Genesis Block is the first instance of Proof-of-Utility on the Mother Earth Supercomputer (& Blockchain).
THE NFT GENESIS BLOCK SALE
The Genesis Blocks of the Earth Dollar from 0 to 5,000 will be paired with Non-Fungible Tokens (NFTs) representing physical numismatic limited edition collectible precious metal coins of 99.99% pure gold, silver, platinum, palladium, rhodium, etc. These coins also come with a signed certificate of authenticity from the artists.
Numismatics is a growing field that attracts both history lovers and coin collectors. Numismatic coins are different from regular bullion coins.
When you buy a rare gold or silver numismatic coin such as the Earth Dollar Coins, your purchase also has a numismatic value, which can be many times the value of the precious metal content of that coin. This may make the Earth Dollar Coins more valuable than the gold content, and other precious metals contained in the metal coins.
The Genesis Block, also known as Block 0, is the very first block upon which additional blocks in a blockchain are added. It is effectively the ancestor that every other block can trace its lineage back to since every block references the one preceding it.
An NFT and One (1) Oz. numismatic limited edition collectible coin of 99.99% pure rhodium (with an engraved genesis block number) will represent Block 0; it will be the most expensive coin of the series.
For example, in the case of the Genesis Block of bitcoin, this began the process of validating bitcoin transactions and introducing new bitcoins into existence.
This is the same for the Earth Dollar as well. The next block is known as Block 1, Block 2, and so on.
The buyer in the Genesis NFT Token Sale will receive as follows for each purchase:
- Earth Dollar Tokens;
- 1 NFT Token representing the Genesis Block purchased;
- 1 Physical One (1) Oz. physical “Numismatic” limited edition collectible commemorative coins of 99.99% Pure Precious Metal, stamped with the genesis block purchased;
- 1 Signed Certificate of Authenticity from the artist.
We will be auctioning off the following NFT Genesis Blocks of the Earth Dollar.
This coin is designed by artists David Kam (the founder of the Earth Dollar) and Glenda Stevens (Anishnabe artist) for Free Nations (a new sovereign general assembly of 1,000 indigenous nations like the United Nations). The design represents the prophecy of the return of the white buffalo half-calf woman to destroy the black snake (oil pipeline) that is destroying the Earth. The rainbow represents the prophecy of the rainbow warriors who will rise up to cleanse the Earth. The water drops in the background represent rain and the tears of Mother Earth.
THE NFT GENESIS BLOCK SALE
The Genesis Blocks of the Earth Dollar from 0 to 5,000 will be paired with Non-Fungible Tokens (NFTs) representing physical numismatic limited edition collectible precious metal coins of 99.99% pure gold, silver, platinum, palladium, rhodium, etc. These coins also come with a signed certificate of authenticity from the artists.
Numismatics is a growing field that attracts both history lovers and coin collectors. Numismatic coins are different from regular bullion coins.
When you buy a rare gold or silver numismatic coin such as the Earth Dollar Coins, your purchase also has a numismatic value, which can be many times the value of the precious metal content of that coin. This may make the Earth Dollar Coins more valuable than the gold content, and other precious metals contained in the metal coins.
The Genesis Block, also known as Block 0, is the very first block upon which additional blocks in a blockchain are added. It is effectively the ancestor that every other block can trace its lineage back to since every block references the one preceding it.
An NFT and One (1) Oz. numismatic limited edition collectible coin of 99.99% pure rhodium (with an engraved genesis block number) will represent Block 0; it will be the most expensive coin of the series.
For example, in the case of the Genesis Block of bitcoin, this began the process of validating bitcoin transactions and introducing new bitcoins into existence.
This is the same for the Earth Dollar as well. The next block is known as Block 1, Block 2, and so on.
The buyer in the Genesis NFT Token Sale will receive as follows for each purchase:
- Earth Dollar Tokens;
- 1 NFT Token representing the Genesis Block purchased;
- 1 Physical One (1) Oz. physical “Numismatic” limited edition collectible commemorative coins of 99.99% Pure Precious Metal, stamped with the genesis block purchased;
- 1 Signed Certificate of Authenticity from the artist.
We will be auctioning off the following NFT Genesis Blocks of the Earth Dollar.
This coin is designed by artists David Kam (the founder of the Earth Dollar) and Glenda Stevens (Anishnabe artist) for Free Nations (a new sovereign general assembly of 1,000 indigenous nations like the United Nations). The design represents the prophecy of the return of the white buffalo half-calf woman to destroy the black snake (oil pipeline) that is destroying the Earth. The rainbow represents the prophecy of the rainbow warriors who will rise up to cleanse the Earth. The water drops in the background represent rain and the tears of Mother Earth.
DETAILS OF THE NFT GENESIS BLOCK SALE
Genesis Block Numbers on Coins | Precious Metals of Coins Linked to NFT | Designation | Minimum Bid Per Token (USD) |
| 0 | Rhodium (1 oz.) | Mother Earth Nation | $50,000 |
| 1 to 10 | Rhodium (1 oz.) | Free Nations | $25,000 |
| 11 to 100 | Palladium (1 oz.) | Mother Earth Nation | $5,000 |
| 101-500 | Platinum (1 oz.) | Mother Earth Nation | $3,000 |
| 501-1000 | Gold (1 oz.) | Free Nations | $5,000 |
| 1001-5000 | Silver (1 oz.) | Free Nations | $200 |
THE EARTH DOLLAR TOKEN SALE
PHASE 1(Polygon Blockchain) |
| TOKEN NAME Earth Dollar Token |
| TOKEN SYMBOL $EDT |
| TOKEN TYPE Private Community Token and Utility Token |
| TOKEN PROTOCOL Layer 2, ERC-20 on the Polygon Blockchain, until MainNet (Swap) |
| ERC-20 CONTRACT ADDRESS 0x6b9f031d718dded0d681c20cb754f97b3bb81b78 |
| ETHERSCAN LINK https://etherscan.io/token/0x6b9f031d718dded0d681c20cb754f97b3bb81b78 |
| TOKEN SWAP In Phase 1, the Earth Dollar Token will be sold as an ERC-20 token on the Polygon Blockchain. In Phase 2, the Earth Dollar Token will be exchangeable into the Earth Dollar at the end of the 18-month token sale, after the main-net for the Mother Earth Supercomputer (& Blockchain) goes live. |
PHASE 2(Mainnet on the Mother Earth Supercomputer) |
| CURRENCY NAME Earth Dollar |
| CURRENCY SYMBOL ED |
| CURRENCY TYPE Private Community Currency and Utility Currency |
| CURRENCY PROTOCOL Layer 1 Currency on the Mother Earth Supercomputer |
| ASSET-BACKING EXCHANGEABILITY PROGRAM The Earth Dollar is backed by Real Assets with intrinsic value and will be exchangeable directly into NFTs (Non-Fungible Tokens) representing some of the assets and/or privileges backing the Earth Dollar, including physical “Numismatic” limited edition collectible metal coins made from 99.99% Pure Gold, Silver, Platinum, Palladium, and Rhodium designed by various artists, real estate and luxury homes, carbon-credits, supercars, hemp products, spring water, etc. |
THE EARTH DOLLAR TOKEN SALE
PHASE 1(Polygon Blockchain) |
| TOKEN NAME Earth Dollar Token |
| TOKEN SYMBOL $EDT |
| TOKEN TYPE Private Community Token and Utility Token |
| TOKEN PROTOCOL Layer 2, ERC-20 on the Polygon Blockchain, until MainNet (Swap) |
| ERC-20 CONTRACT ADDRESS Go to Etherscan link |
| ETHERSCAN LINK |
| TOKEN SWAP In Phase 1, the Earth Dollar Token will be sold as an ERC-20 token on the Polygon Blockchain. In Phase 2, the Earth Dollar Token will be exchangeable into the Earth Dollar at the end of the 18-month token sale, after the main-net for the Mother Earth Supercomputer (& Blockchain) goes live. |
PHASE 2(Mainnet on the Mother Earth Supercomputer) |
| CURRENCY NAME Earth Dollar |
| CURRENCY SYMBOL ED |
| CURRENCY TYPE Private Community Currency and Utility Currency |
| CURRENCY PROTOCOL Layer 1 Currency on the Mother Earth Supercomputer |
| ASSET-BACKING EXCHANGEABILITY PROGRAM The Earth Dollar is backed by Real Assets with intrinsic value and will be exchangeable directly into NFTs (Non-Fungible Tokens) representing some of the assets and/or privileges backing the Earth Dollar, including physical “Numismatic” limited edition collectible metal coins made from 99.99% Pure Gold, Silver, Platinum, Palladium, and Rhodium designed by various artists, real estate and luxury homes, carbon-credits, supercars, hemp products, spring water, etc. |
DETAILS OF THE EARTH DOLLAR TOKEN SALE
TOKEN SALE INFORMATION | |
| MAXIMUM SUPPLY OF TOKENS (finite supply) 680,000,000,000 | SOFT CAP $10,000,000 |
| INITIAL ASSET-BACKING $5,280,000,000,000 | HARD CAP (15 sales rounds in 15 months) $2,000,000,000+ |
| ASSETS HELD IN RESERVE $15,170,000,000,000 | TOTAL CAP Until sold out |
| INITIAL ASSET BACKING RATIO 30:1 ($30 USD in assets back 1 $ED) | MIN. PURCHASE None |
| STARTING SALE PRICE $1 USD | PERCENT BEING OFFERED IN TOKEN SALE 7%+ |
| ENDING SALE PRICE $20 USD | EXPECTED INITIAL CIRCULATING SUPPLY 47,600,000,000 |
| INITIAL EXPECTED EXCHANGE LISTING PRICE $20 USD | EXPECTED CIRCULATING MARKET CAP AT LAUNCH $700,000,000,000 |
| MIN. EXPECTED FLOOR PRICE (lowest exchange price, 24 months) $30 USD | TOKEN HOLDERS VESTING PERIOD 18 to 24 months |
| MAX. CEILING PRICE (highest expected exchange price) Unlimited | TEAM & ADVISORS VESTING PERIOD 18 to 36 months |
DETAILS OF THE EARTH DOLLAR TOKEN SALE
TOKEN SALE INFORMATION |
| MAXIMUM SUPPLY OF TOKENS (finite supply) 680,000,000,000 |
| INITIAL ASSET-BACKING $5,280,000,000,000 |
| ASSETS HELD IN RESERVE $15,170,000,000,000 |
| INITIAL ASSET BACKING RATIO 30:1 ($30 USD in assets back 1 $ED) |
| STARTING SALE PRICE $1 USD |
| ENDING SALE PRICE $20 USD |
| INITIAL EXPECTED EXCHANGE LISTING PRICE $20 USD |
| MIN. EXPECTED FLOOR PRICE (lowest exchange price, 24 months) $30 USD |
| MAX. CEILING PRICE (highest expected exchange price) Unlimited |
| SOFT CAP $10,000,000 |
| HARD CAP (15 sales rounds in 15 months) $2,000,000,000+ |
| TOTAL CAP Until sold out |
| MIN. PURCHASE None |
| PERCENT BEING OFFERED IN TOKEN SALE 7%+ |
| EXPECTED INITIAL CIRCULATING SUPPLY 47,600,000,000 |
| EXPECTED CIRCULATING MARKET CAP AT LAUNCH $700,000,000,000 |
| TOKEN HOLDERS VESTING PERIOD 18 to 24 months |
| TEAM & ADVISORS VESTING PERIOD 18 to 36 months |
EXPECTED ECONOMIC IMPACT OF EARTH DOLLAR ON CRYPTO MARKET
The Earth Dollar is expected to have a positive impact on the entire cryptocurrency and blockchain industry. The total market size of the cryptocurrency market is $2 billion USD, with Bitcoin accounting for a whopping 41% of the market share and Altcoins holding 59% market share at $1.115 trillion USD. However, with the entry of the Earth Dollar into the market, it is expected to triple the market size of cryptocurrencies to $7 trillion.
Since the Earth Dollar has fully integrated Bitcoin Nodes, Ethereum Nodes and other blockchain nodes, and is initiating the World Basic Income Program, the Earth Dollar is being positioned as a catalyst for the mass adoption of all cryptocurrencies.
EXPECTED ECONOMIC IMPACT OF EARTH DOLLAR ON CRYPTO MARKET
The Earth Dollar is expected to have a positive impact on the entire cryptocurrency and blockchain industry. The total market size of the cryptocurrency market is $2 billion USD, with Bitcoin accounting for a whopping 41% of the market share and Altcoins holding 59% market share at $1.115 trillion USD. However, with the entry of the Earth Dollar into the market, it is expected to triple the market size of cryptocurrencies to $7 trillion.
Since the Earth Dollar has fully integrated Bitcoin Nodes, Ethereum Nodes and other blockchain nodes, and is initiating the World Basic Income Program, the Earth Dollar is being positioned as a catalyst for the mass adoption of all cryptocurrencies.
MONETARY POLICY
The Earth Dollar’s value is protected by the following mechanisms:
- Augmented Bonding Curve: The Earth Dollar is placing a monetary policy using an “Augmented Bonding Curve”, which is a type of smart-contract and algorithmic monetary policy (AMP) that prevents pump and dump; this will control the exchange, and release of the Earth Dollar into the market.
- Asset-Backing: The Earth Dollar is backed by $5.28+ trillion in Real Assets, including nature-based land assets called Natural Capital Assets (inground assets of gold, silver, platinum, palladium, rhodium, carbon credits, spring water, etc.), along with residential properties, and commercial properties with intrinsic value. Other asset classes backing the Earth Dollar may include manufactured assets, creative assets, insurance, and more. The Earth Dollar will be exchangeable into physical limited edition gold coins, silver coins, platinum coins, palladium coins, rhodium coins, and carbon credits in 36 months.
- Anti-Inflationary Mechanism: The Earth Dollar will be linked to the Atlantis Exchange, which will be a closed-loop exchange with a built-in anti-inflationary balancing mechanism, which is controlled by Artificial Intelligence. This anti-inflationary mechanism is linked to automated dynamic asset reserves, dynamic currency reserves, and bonding curves. This enables the Earth Dollar currency to be pegged to an increasing buying power when it hits the relative highest exchange value, above the U.S. rate of inflation.
- Reinsurance Tokens: The Earth Dollar’s value is further backed by reinsurance tokens, which insures that the Earth Dollar will never fall below the Floor Price. The reinsurance tokens are a form of tokenized insurance that can be held by multiple insurance companies, financial institutions, companies, and members.
- Banks: The Earth Dollar is allied with the Bern Bank of Switzerland and the bank’s currency exchange platform to provide the liquidity and exchangeability of the Earth Dollar into USD, Euro, and other currencies. Furthermore, the bank will provide liquidity for token holders by giving lines-of-credit, credit cards and debit cards in spendable currency of up to 70% of the Earth Dollar staked; this will allow the token holder to buy products and services in the real world without having to exchange the Earth Dollar into fiat currencies.
MONETARY POLICY
The Earth Dollar’s value is protected by the following mechanisms:
- Augmented Bonding Curve: The Earth Dollar is placing a monetary policy using an “Augmented Bonding Curve”, which is a type of smart-contract and algorithmic monetary policy (AMP) that prevents pump and dump; this will control the exchange, and release of the Earth Dollar into the market.
- Asset-Backing: The Earth Dollar is backed by $5.28+ trillion in Real Assets, including nature-based land assets called Natural Capital Assets (inground assets of gold, silver, platinum, palladium, rhodium, carbon credits, spring water, etc.), along with residential properties, and commercial properties with intrinsic value. Other asset classes backing the Earth Dollar may include manufactured assets, creative assets, insurance, and more. The Earth Dollar will be exchangeable into physical limited edition gold coins, silver coins, platinum coins, palladium coins, rhodium coins, and carbon credits in 36 months.
- Anti-Inflationary Mechanism: The Earth Dollar will be linked to the Atlantis Exchange, which will be a closed-loop exchange with a built-in anti-inflationary balancing mechanism, which is controlled by Artificial Intelligence. This anti-inflationary mechanism is linked to automated dynamic asset reserves, dynamic currency reserves, and bonding curves. This enables the Earth Dollar currency to be pegged to an increasing buying power when it hits the relative highest exchange value, above the U.S. rate of inflation.
- Reinsurance Tokens: The Earth Dollar’s value is further backed by reinsurance tokens, which insures that the Earth Dollar will never fall below the Floor Price. The reinsurance tokens are a form of tokenized insurance that can be held by multiple insurance companies, financial institutions, companies, and members.
- Banks: The Earth Dollar is allied with the Bern Bank of Switzerland and the bank’s currency exchange platform to provide the liquidity and exchangeability of the Earth Dollar into USD, Euro, and other currencies. Furthermore, the bank will provide liquidity for token holders by giving lines-of-credit, credit cards and debit cards in spendable currency of up to 70% of the Earth Dollar staked; this will allow the token holder to buy products and services in the real world without having to exchange the Earth Dollar into fiat currencies.
TOKEN DISTRIBUTION
The distribution of the Earth Dollar is shown below, with the majority of the Earth Dollars sold and distributed to token holders and for sustainable projects. This is a living document, so priorities and distribution may change over time.
TOKEN DISTRIBUTION
The distribution of the Earth Dollar is shown below, with the majority of the Earth Dollars sold and distributed to token holders and for sustainable projects. This is a living document, so priorities and distribution may change over time.
PREPARING FOR THE TOKEN SALE
What do I need to buy Earth Dollar Tokens?
You need four things to buy Earth Dollar Tokens:
- Signup to join the Earth Dollar Association. It’s free and anyone can join.
- Download the Earth Dollar Wallet, which will hold the Polygon ERC-20 Earth Dollar Token.
- Get whitelisted. This is mandatory. Read more about the KYC registration process below.
- Enter the amount of Earth Dollar Token you want to buy in the subscription form. Its first come-first served. There are 15 Token Sales Rounds over a 15-month period; if the missed one Round and is sold out, you will be automatically added to future Rounds. It’s good to get in early to get the best pricing and bonus.
Can I get a guaranteed allocation for the Earth Dollar Tokens?
Unfortunately, we cannot guarantee an allocation of Earth Dollar Tokens. It’s on a first come-first served basis and can be over subscribe. However, there will be 15 Rounds available, so there is no need to panic buy. Everyone should get a chance to participate.
Is there a deadline for getting whitelisted to buy Earth Dollar Tokens?
Whitelisting and registration will remain open until the Token Sale is completed.
Can I buy tokens more than once during the Earth Dollar Token sale?
Yes.
PREPARING FOR THE TOKEN SALE
What do I need to buy Earth Dollar Tokens?
You need four things to buy Earth Dollar Tokens:
- Signup to join the Earth Dollar Association. It’s free and anyone can join.
- Download the Earth Dollar Wallet, which will hold the Polygon ERC-20 Earth Dollar Token.
- Get whitelisted. This is mandatory. Read more about the KYC registration process below.
- Enter the amount of Earth Dollar Token you want to buy in the subscription form. Its first come-first served. There are 15 Token Sales Rounds over a 15-month period; if the missed one Round and is sold out, you will be automatically added to future Rounds. It’s good to get in early to get the best pricing and bonus.
Can I get a guaranteed allocation for the Earth Dollar Tokens?
Unfortunately, we cannot guarantee an allocation of Earth Dollar Tokens. It’s on a first come-first served basis and can be over subscribe. However, there will be 15 Rounds available, so there is no need to panic buy. Everyone should get a chance to participate.
Is there a deadline for getting whitelisted to buy Earth Dollar Tokens?
Whitelisting and registration will remain open until the Token Sale is completed.
Can I buy tokens more than once during the Earth Dollar Token sale?
Yes.
THE WHITELISTING PROCESS
What does a KYC whitelisting process mean?
KYC means Know Your Customer. KYC is a mandatory and crucial procedure for financial institutions as well as non-financial institutions and aims to minimize the risk of fraud and money laundering.
How do I register for KYC whitelisting?
You do that by pressing the ‘Get whitelisted Now!’ button on the token sale page. The KYC is mandatory for all token buyers. When successful, your wallet address will be eligible to take part in the Earth Dollar Token sale.
What documents/information do I need to have ready for the KYC?
Passport or driver’s license and documents verifying your official address.
What does the KYC verify?
The KYC process verifies that you are a real person, your identity, and your residency.
Can anyone buy Earth Dollar Tokens?
No, only member of the Earth Dollar Association and those who have passed the mandatory KYC process can buy Earth Dollar Tokens. Membership into the Earth Dollar Association is free, and anyone can join.
How will I know that I’ve passed KYC?
You will get a notification stating ‘Your account is whitelisted’ shortly after a third party has verified your KYC as successful.
Which countries are excluded from the Earth Dollar Token sale and will not pass KYC?
Afghanistan, China, Cuba, Iran, North Korea, Syria and Venezuela.
Can I have more than one wallet associated with my KYC’d identity?
No.
Who performs the actual KYC?
The KYC whitelisting process is performed by a third party verifier, through their KYC compliance platform.
I have problems with my KYC. Who can I contact?
The KYC whitelisting process is performed by a third party verifier. You can reach them via: support@earthdollar.org
Why was my passport/address/utility bill rejected?
Who passes KYC is not determined by the Earth Dollar. The KYC whitelisting process is performed by a third party verifier. If you have any queries contact them via: support@earthdollar.org.
My KYC has not yet been verified. What is the problem?
It can take up to 72 hours for the verification to complete.
Why do I have to do KYC for the token sale?
All legitimate projects should be conducting KYC/AML checks prior to accepting funds. This provides important assurance that the project is not being used to launder proceeds of crime. Any project that chooses not to conduct such checks signals that they are more interested.
Do I have to KYC to create a DAO or to participate in one?
No.
What types of documents are accepted as proof of address for KYC-verification?
This is country-dependent and the KYC portal will advise you of your requirements.
Does the third-party verifier accept native-language national passports as proof of verification, or should there be a document in which all information is also in English?
You can submit documents in your country’s native language.
Is it possible to re-pass the "Identity" (Step #2 in the verification process) if after the initial attempt I have the "Rejected" status?
Yes, you can resubmit if it was rejected the first time.
THE WHITELISTING PROCESS
What does a KYC whitelisting process mean?
KYC means Know Your Customer. KYC is a mandatory and crucial procedure for financial institutions as well as non-financial institutions and aims to minimize the risk of fraud and money laundering.
How do I register for KYC whitelisting?
You do that by pressing the ‘Get whitelisted Now!’ button on the token sale page. The KYC is mandatory for all token buyers. When successful, your wallet address will be eligible to take part in the Earth Dollar Token sale.
What documents/information do I need to have ready for the KYC?
Passport or driver’s license and documents verifying your official address.
What does the KYC verify?
The KYC process verifies that you are a real person, your identity, and your residency.
Can anyone buy Earth Dollar Tokens?
No, only member of the Earth Dollar Association and those who have passed the mandatory KYC process can buy Earth Dollar Tokens. Membership into the Earth Dollar Association is free, and anyone can join.
How will I know that I’ve passed KYC?
You will get a notification stating ‘Your account is whitelisted’ shortly after a third party has verified your KYC as successful.
Which countries are excluded from the Earth Dollar Token sale and will not pass KYC?
Afghanistan, China, Cuba, Iran, North Korea, Syria and Venezuela.
Can I have more than one wallet associated with my KYC’d identity?
No.
Who performs the actual KYC?
The KYC whitelisting process is performed by a third party verifier, through their KYC compliance platform.
I have problems with my KYC. Who can I contact?
The KYC whitelisting process is performed by a third party verifier. You can reach them via: support@earthdollar.org
Why was my passport/address/utility bill rejected?
Who passes KYC is not determined by the Earth Dollar. The KYC whitelisting process is performed by a third party verifier. If you have any queries contact them via: support@earthdollar.org.
My KYC has not yet been verified. What is the problem?
It can take up to 72 hours for the verification to complete.
Why do I have to do KYC for the token sale?
All legitimate projects should be conducting KYC/AML checks prior to accepting funds. This provides important assurance that the project is not being used to launder proceeds of crime. Any project that chooses not to conduct such checks signals that they are more interested.
Do I have to KYC to create a DAO or to participate in one?
No.
What types of documents are accepted as proof of address for KYC-verification?
This is country-dependent and the KYC portal will advise you of your requirements.
Does the third-party verifier accept native-language national passports as proof of verification, or should there be a document in which all information is also in English?
You can submit documents in your country’s native language.
Is it possible to re-pass the "Identity" (Step #2 in the verification process) if after the initial attempt I have the "Rejected" status?
Yes, you can resubmit if it was rejected the first time.