Can anyone buy AIUR tokens? How many? Do you do AML/KYC compliance checks?

Due to regulatory uncertainty, in particular connected to the treatment of utility tokens, we have excluded certain jurisdictions from our token sale. At this point we will not sell AIUR tokens to buyers who are citizens or legal entities, residents, incorporated or green card holders of the USA or residents of the People’s Republic of China, South Korea, Iran, Republic of Singapore and Canada.

The minimum number of tokens that can be purchased is 5 AIUR. The maximum number has been set at 2% of the total token pool outstanding post sale (i.e. 320,000 AIUR at the hard cap).

In terms of  AML/KYC requirements, there will be three categories of buyers: anonymous, weakly verified and fully verified, with different treatment each:

  • Anonymous users can not hold in their account more than 60 AIUR tokens at any point in time. They can do transactions of up to 15 AIUR tokens a day, up to 60 AIUR tokens a week, and up to 120 AIUR tokens a month. If they pass the limit they need to do a weak KYC and move to the weakly verified group.
  • Weakly verified users can not hold more than 280 AIUR tokens at any point in time. They need to provide their names, date of birth and nationality for verification. Then they can do transactions of up to 70 AIUR tokens a day, 280 AIUR tokens a week and 560 AIUR tokens a month.
  • Fully verified users have no AML/KYC related limits. They need to provide scanned ID, selfie, name, date of birth and nationality for verification. They will also be checked against all available sanction lists.