The ITLG KYC portal will open in a few days. Sorry for the delay. We are coordinating this with the introduction of our Hong Kong office and the release of an InterLink song and music video. Hopefully, we can have all three ready at the same time. The event will be livestreamed across InterLink’s platforms.
Before that, I have a few points to share with everyone taking part in ITLG KYC:
- Everyone has a fair opportunity, and your efforts will be recognised accordingly. This means everyone will have a chance, including new accounts. Better account metrics, more badges and more ITL in your wallet will improve your chances of receiving ITLG.
- Please do not expect to receive large amounts of ITLG through account farming or cheating. To speed up the process this round, I will directly use the AI model we submitted to the US technology standards institute, instead of relying on manual checks.
- Once ITLG becomes tradable, unofficial markets will emerge. These markets can be complicated and full of scams. Personally, I do not encourage price pumping, FOMO or anyone investing in ITLG. The purpose of this distribution is to bring more people into the ecosystem and expand its reach. ITLG was not developed for short-term speculation. Prices on these unofficial markets will therefore not be recognised by the core team.
- Everyone who has passed Level 1 KYC will be eligible to sponsor others. Having a credible sponsor will give you higher priority for KYC and improve your ITLG allocation rate. As a sponsor, you are responsible for ensuring that the people you sponsor are real humans. If you abuse this privilege, your account will also be flagged for monitoring. If you sponsor genuine participants, you will be rewarded with transferable ITLG.
- After transferable ITLG launches on mainnet, staking will be introduced, allowing users to earn additional rewards within the ecosystem. The system will also randomly select a portion of staked ITLG to upgrade to vITLG, which is non-transferable.
- Children will be included in this round as well. We see this as a way to support the next generation as they grow. We are also planning gifts for participants under 16, as our small contribution towards building a better future for them.
- Lastly, before the KYC portal opens, if you have any feedback or suggestions for me, please leave a comment. I will personally read and take note of them.
Midas Asset Link Deck
The Midas Web3 Wallet is preparing to expand its asset catalog, bringing a more connected multichain experience.
Asset Link Deck (ALD), an upcoming Midas initiative designed to organize and present token information from the remote mining ecosystem, making asset details easier to discover and access through a unified platform.
With ALD, Midas is expanding how its wallet connects users with digital assets while continuing to build its multichain capabilities.
When Phase-3 begins, #Midas Wallet will introduce P2P functionality on testnet, supporting transactions across multiple compatible tokens.
Midas is building the foundation for a more connected Web3 ecosystem, bringing asset discovery, multichain access, and P2P capabilities together under one platform.
#MID is not the limit
More details coming soon.
#MidasLab
I just finished a very long meeting with the InterLink Labs and InterLink Foundation Core Team.
This time, I (KV) will take full responsibility for and lead the entire KYC process, taking over from @scott_itlg. I will personally stay closely involved throughout the process and keep the community updated with all important information.
Here are several key updates I want everyone to know.
Please note that the full details will be announced in the next few days. For now, pay close attention to each point below:
A. Transferable ITLG KYC will be extremely simple.
There will be only one KYC step — Level 1 — or potentially immediate KYC approval for everyone. The most important requirement is that you must be a real person. When submitting your information, make sure everything is accurate and carefully reviewed before submission.
B. The KYC portal will only remain open for ONE MONTH.
After the KYC period closes, the distribution of Transferable ITLG is expected to begin approximately two weeks later.
C. The Foundation is committed to giving everyone the opportunity to own Transferable ITLG.
However, the amount of Transferable ITLG each person receives will depend on several contribution and activity metrics, including Mining Rate, Group, HCS, ACS, and Active Referral Rate.
D. Users who successfully complete KYC may become sponsors for other users.
More details about how this sponsorship mechanism works will be announced soon.
E. After ITLG officially becomes transferable, the Foundation will dedicate significant resources to expanding ITLG utility and establishing its long-term core direction.
Most importantly, OTC, P2P, or other unofficial market prices will not be recognized by the Foundation as an official valuation of ITLG.
We have our own direction, mechanisms, and framework for determining and developing the value of ITLG.
More details will be released in the next few days.