The proposal regarding the unlocking of $WLFI circulation mentions the need for a second KYC for public offering users, clearly stating that Sumsub should be used.
Firstly, the second KYC for &WLFI is mainly to meet compliance requirements in the main countries of token sale before the circulation.
Secondly, WLFI explicitly states that it is to prevent cheating and ensure that the public offering participants are real individuals, targeting studio bot accounts that exploit multiple identities.
For those who completed KYC with a domestic ID during the two public offerings, the default ID used has already been verified, and there should be no issue using the same ID for the second KYC.
Referring to previous experiences with KYC account openings using Sumsub at the Coinbase exchange in Singapore, I predict a few situations that mainland users might encounter during the second KYC:
1. If an individual user completes KYC with a domestic ID, the second KYC only requires uploading the ID and proof of residence from the last few months, along with an updated utility bill, and just a face scan to pass.
2. If a small studio creates accounts in bulk using real IDs of acquaintances for the first KYC, in addition to finding the front and back of the ID used for the first KYC and updating the recent utility bill, they will also need to locate the ID holder for a face scan. If the ID holder is not nearby, it may require visiting each person for the scan. Studios creating multiple accounts really need to keep proper documentation; each account must have its historical records archived clearly.
3. If a large studio creates multiple accounts in bulk, using purchased KYC kits (ID + proof of residence utility bill + AI-generated fake profile video for face scan) for the first KYC, this carries the highest risk.
Continuing to use AI-generated fake profile videos for face scans, if it does not match the fake profile video from the first KYC, the second KYC is very likely to fail.
Users who fail the second KYC will likely receive refunds based on the public offering purchase price of 0.015u and 0.05u at best, or worst-case scenario, WLFI may treat these accounts as cheating accounts, directly preventing the tokens in these accounts from being unlocked.
Moreover, WLFI is also highly likely to filter out more non-real accounts involved in presale cheating through other fraud detection methods by Sumsub (see image four).
Barring any surprises, after the voting deadline for the $WLFI token unlocking proposal in 6 days, there will immediately be a second KYC.
The above are all my speculations; the real situation can be observed as it unfolds.
@worldlibertyfi