NOTICE OF PREPARATION FOR GLOBAL KYC 1.6

The project team sent this notice to the Rubimily miner community, which is a notification of the implementation of KYC 1.6 with some notes on the current KYC 1.5.

CURRENT KYC PROBLEMS
Hello there! If you remind KYC 2.0, it’s a pity that so far we have not been able to announce anything about the KYC 2.0 deployment schedule with the global authentication staff mechanism. The main reason is that KYC 2.0 is based on MnA, because the Mana A token is not ready, so KYC 2.0 has not been able to deploy!

But another problem is that over the past few weeks RUBI Network suddenly became the first 20 apps in multiple rankings, so KYC asked for a spike. Our KYC staff of 14 people always work in an overdrive state and still have tens of thousands of unresolved KYC accounts.

In this situation, the productivity increase is mandatory, while KYC 2.0 is not yet possible, so we need to find a solution. We have discussed the solution to this situation, resulting in the decision to upgrade the KYC performance with an update that we call KYC 1.6. In this upgrade, there will be some improvements focused on increasing the efficiency of the number of verification staff, thereby handling a large amount of KYC requirements.

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SCHEDULE OF KYC 1.6

We will embark on building KYC solutions from March 25 as a priority goal, which expects the construction process to take between 60 and 90 days, with the goal of releasing a global KYC solution. And here's the scheduled schedule.

Step 1 • Discussion of the rules of implementation of KYC 1.6
Step 2 • Construction (from 25 Mar to 25 Jun)
Step 3 • Announcement and guidance on the recruitment of authentic employees (expected on May 25)
Step 4 • KYC process training via Zoom/Google Meet
Step 5 • Implementation of KYC 1.6 application at the end of June

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NOTABLE POINTS ON KYC 1.6

• Continue to use RBL as a service fee with the KYC fee sharing mechanism.
• The large number of KYC employees are recruited from the miners who have completed the KYC before, then trained the process and are granted functional access.
• Candidates who wish to become authenticators need to prepare a certain amount of RBL to bet on a guarantee for work responsibilities.
• If you are an authentication worker, you will be granted access and perform verification work on a mobile phone.
• Your remuneration will be paid every week on Sunday afternoon each week (UTC.).

Thus, the KYC 1.6 is the successor to the advantages of KYC 1.5, and adds improvements that focus on enhanced productivity, creating a decentralized working mechanism on mobile devices instead of the centralized mechanism of KYC 1.5.

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WHAT DO YOU NEED TO DO?

If you are a miner who only needs KYC for your account, then you don’t need to do anything, you can continue with KYC 1.5 or wait for KYC 1.6 and enjoy!

If you want to be a KYC Verification, this is information for you.
• This is a flexible part-time job, you receive remuneration based on work performance and is paid in digital assets.
• You need to complete KYC authentication, read and understand information security commitments and undergo short training
• You need to prepare some RBL to stake, guarantee for the right to work, the Stake number will be refunded when you finish the work.
• You have the right to request a stop entry to the KYC program at any time.

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KYC 1.5 CONTINUES!

For KYC 1.5 will continue until KYC 1.6 is applied. So far we have issued more than 365,000 KYC invitations, and have completed about 145,000 KYCs. Currently, the KYC team with 14 employees is always in a state of overcrowding, although maintaining the work, but under pressure on the overload, we will apply the following restrictive measures!

• We will delay sending more KYC invitations in version 1.5
With a large number of KYC invitations waiting for us will limit the submission of additional invitations to prioritize the settlement of the backlog.

• The completion time of KYC 1.5 is no longer as committed
The miners who have qualified KYC and have accepted the invitation to note that we do not guarantee the completion time as committed in the KYC service, we will try as fast as possible but not commit to the time.

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CONCLUSION
KYC is an important step for you to confirm that you and the Rubi Network community are partners, partners will build and achieve common blockchain economic benefits.

Unlike other value assurance models such as PoW or PoS, for the PoCP community economic model, KYC is a mandatory, important and indispensable activity. Therefore, upgrading the KYC solution to 1.6 is an important target and has a high priority.

We hope that with the implementation of KYC 1.6 the problem of verifying users will make new strides, helping the network expand the list of miners partners.