KYC results

First of all, we want to thank all the contributors for the patience in waiting for rest of community to complete KYC procedure. We believe that strong ecosystem cannot be built without diligent minimization of risks and compliance with banking requirements.

TokenStars shares the results of KYC procedure:

⭐️ 2’078 contributors and community participants have successfully completed KYC (or converted ACE to TEAM tokens).

✅ 1’073 ACE holders (52%) decided to get 40% bonus and convert ACE token into TEAM. The TEAM project will be financed with the amount of funds collected during TEAM token sale and ACE tokens, which will go to the TEAM project as the payment for the converted TEAM tokens.

✅ 93% bounty participants and publishers decided to convert to TEAM or withdraw ACE tokens to their wallets.

❌ Did not have time to pass the KYC procedure:

248 buyers of ACE tokens.

buyers of ACE tokens. Of these 93 ACE buyers (38%) through the ICOBox platform.

Despite the number of participants who didn’t manage to provide documents for KYC is still sufficient, we have decided to establish the following approach:

Finalize the creation and distribution of tokens on 12/12/2017 (by deactivating the ‘minting’ function at ACE smart contract). Unlock the transfer of ACE tokens at 9 p.m. UTC. Deactivate the 40% conversion bonus in TEAM tokens at 9 p.m. UTC. For the contributors who didn’t enter ERC20 address to receive tokens or didn’t complete the KYC — we decided to provide the opportunity to receive the ACE tokens.

We have created the number of ACE tokens, accrued to these contributors, and stored in a cold wallet. These tokens will be proportionately released to their owners when they complete the procedures.

a. For the contributors, who were approved at KYC, but didn’t enter the ERC-20 address — login to the personal account, enter and save the ERC20 address, and inform us at ask@tokenstars.com. The distribution will be done once per week.

b. For the contributors, who didn’t complete the KYC — login to your personal dashboard, provide required documents and inform us at ask@tokenstars.com.

❗️ Please note, that a refusal to provide docs for KYC doesn’t mean the automatic refund. Participation in ACE token sale is legally binding, and provision of KYC documents is one of the requirements of the Token Sale Agreement.

c. For the contributors, who were assigned with ‘restricted’ status: login to the personal account, enter your ETH and/or BTC address for the refund (depending the cryptocurrency of contribution) — you’ll be refunded within two weeks.