Why TGE is delayed
Dear members,
The last few days we've been receiving concerns about delays of the TGE.
The requirements for TGE are more and more strict. We have to comply with these requirements to avoid risks related to the regulators. We plan to do it during the next 3-4 weeks. Until this time FoodCoin will be ready to carry out the TGE as a Swiss company, according to the Swiss legislation. We plan to add the availability to accept fiat to purchase our coins. Please note that you will need to go through a standard KYC/AML process in order to buy tokens. KYC/AML is a standard identification procedure to verify that the client is not related to money laundering or financing terrorist organizations.
Another thing is unfortunately that the US citizens will be excluded from participating in the TGE. However, you will still be able to use your tokens for purchases and exchange right after the TGE.
The detaled information about TGE dates and conditions will be provided this week.
(KYC - Know Your Client
AML - Anti Money Laundering)