BNB

NFTb Implements KYC Requirements for Launchpad Users

by BSCN

November 30, 2022

NFTb exchange is requiring all new and existing Launchpad users to verify their IDs by Jan. 15, 2023.

KYC for NFTb

Saying it is following the lead of its major backer Binance, NFTb is implementing Know Your Customer (KYC) requirements for new and existing users of its Launchpad platform.

Users must verify their identities (by uploading government-issued ID documents, such as passports or driver’s licenses) by Jan. 15, 2023. As an incentive, NFTb will airdrop KYC’d users 200 NFTb tokens, about $2 USD.

Users who don’t complete the KYC requirements will not be able to participate in Launchpad sales of Non-Fungible Tokens (NFTs) after Jan. 15.

“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,” NFTB’s COO said in a Medium post.

What is NFTb:

NFTb is an NFT exchange protocol built on the BNB Chain network. The platform can be accessed anywhere around the globe and is rumored to have partnered with hundreds of graphic designers. The project's chief concern is providing a powerful and easy-to-use platform for content creators to use while at the same time creating an affordable experience for NFT collectors by leveraging the power of BNB Chain