Very Network 2nd KYC: Eligibility and Migration Guide For those who held 500 VERY at the June 22 snapshot. Please review the details below and submit your Very Network's 2nd KYC within the pe
For those who held 500 VERY at the June 22 snapshot. Please review the details below and submit your Very Network's 2nd KYC within the period.
According to Very Network, all approved consumers will receive their token Wallet transfer in a single batch before August 10, following approval of their applications.
Even if you've already done Node migration or 1st KYC, you will need to apply for Wallet transfer separately.
The KYC banner is being rolled out gradually and not all at once. There is no particular order in which you can submit, and there is ample time for you to do that.
Source: Official X Post
Submission period: July 13 – August 2, 23:59 UTC
2nd KYC and Migration GuideEligibilityConsumers should have had 500 VERY tokens in their wallets at the snapshot on June 22.
Suspected accounts of any abusive or malicious activity cannot join the Know Your Customer process.
Verified participants who are minors cannot join the Token holder verification process.
Chinese and U.S. citizens cannot join the Know Your Customer process.
Government photo ID
Passport · National ID · Driver's license
The second Know Your Customer will be done by customers who:
Own at least 500 VERY tokens in their wallet during the snapshot taken on June 22.
Satisfy the criteria for the Very Network.
Those s who have already done the first Know Your Token holder or node Wallet transfer cannot get this migration round automatically and must separately apply for it if they qualify.
Create your VeryWallet first—you need it to do KYC
The KYC banner will be introduced in phases to ensure users do not have an inconsistent experience. If you don’t see the banner yet, just wait until it is introduced.
It does not matter when you will get the banner since you have enough time to enter your data after you receive it.
How to Start the Very Network's 2nd Token holder Verification Process
The banner for customer verification will be found at the bottom of the Mining page. All that the members needs to do is click on the banner to start the verification.
In order to provide an easier launch, the Know Your Customer banner will be rolled out gradually instead of to all users at once. This order makes no difference in terms of eligibility and approval because there is neither benefit nor drawback in any way. The time span to submit is enough.
What Happens If Users Skip the Process?Eligible Verified participants who do not complete the second Know Your Customer and set up aVeryWallet before the deadline may not be included in this migration round. Verified participants should complete the process within the submission period to remain eligible.
ConclusionThe second round of Know Your Customer for Very Network is available to those who had at least 500 VERY tokens in the snapshot on June 22. Before users can apply for the program, they must first create a VeryWallet since token migration is available via this wallet only. As all approved users will get their Wallet transfer in one batch before August 10, after the review, it is all that needs to be done to complete the process.
YMYL Disclaimer: This article issolely for informational use and is based on information shared via Very Network’s official announcements at the time of writing. Eligibility, migration timelines, and submission requirements are subject to change.
