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FollowingVeryNetwork releases VeryChat's second round of KYC verification progress update
The latest VeryNetwork KYC update shows that verification promotion is progressing steadily, which is a key development for users who are closely following this progress. According to VeryNetwork, nearly 50% of qualified users can now see KYC verification prompts in the VeryChat application, marking an important milestone in the verification process.
In this KYC update, the team also solved several common problems users encounter when submitting information. The fixes include wallet settings errors, ID submission issues, and rate limiting issues, which significantly improved the overall user experience.
For users who have not yet received verification notification, VeryNetwork confirms that verification promotion will be carried out in stages. Officials have guaranteed that qualified users will gradually receive KYC verification prompts during the submission window to ensure a smooth and controllable verification process.
The second round of VeryChat verification is open to users with 500 VERY. Verified VERY tokens will be transferred to VeryWallet once before August 10, rather than immediately after each review. New users can check out the step-by-step KYC guide for the complete submission process.
Progress review
The verification promotion is halfway through! VeryNetwork confirmed that approximately 50% of eligible participants currently have seen KYC verification prompts. If you haven't seen it yet, don't worry-deployment is done in batches to ensure system stability, so you haven't missed it. Most importantly, the development team has been listening to user feedback and has successfully fixed the three most common obstacles:
Wallet setup issues: One of the most common issues reported by users is that even though VeryWallet has been created, the app still requires a reset. VeryNetwork said this was due to database synchronization issues. The vulnerability has now been fixed, and users who encounter this issue simply need to retry the verification process.
Identity document verification issues: The certificates submitted by some users were rejected, prompting "invalid government-issued certificates." According to the project party's explanation, this mainly affects paper-printed or plastic sealed certificates. VeryNetwork said it is improving its verification system to reduce the possibility of such valid documents being rejected in the future.
"Too Many Requests" error: Another problem stems from the user clicking the submit button quickly and continuously, triggering the "Too Many Requests" error. VeryNetwork has increased request limits to reduce this issue. If the error still occurs, the team recommends shutting down the app completely and trying again in about an hour.
In addition to the above fixes, VeryNetwork also reiterated the core requirements of this round of verification: users must provide government-issued passports, national ID cards or driver's licenses, and paper printouts will not be accepted. China Citizens and U.S. citizens and minors are still unable to participate. Users who have completed node verification or the first round of KYC do not need to re-verify, but must submit a separate migration application. The complete submission steps and photo guide are listed on VeryNetwork.
Why is Important
KYC verification is a necessary step in migrating the VERY token to VeryWallet, so submitting errors will directly delay the user's time to obtain the token. Timely and clear updates on promotion progress and remediation measures will help reduce the confusion caused by the community during the large-scale verification process. This also reflects a common pattern within the industry: platforms link authentication to token access and transfer. Authentication also plays a role in the token economy, because transactions are associated with verified identities rather than anonymous wallets, which helps reduce the amount of swiping on fake accounts.
Market background
The migration of the VERY token to VeryWallet is directly related to the token's broader utility promotion in VeryChat, VeryAds, and node rewards. Readers who want to understand the full picture of the token economy can consult the VERY token economy guide. This article does not provide any price outlook, which is outside the scope of this update.
Subsequent arrangements
VeryNetwork said that KYC verification prompts will continue to be gradually pushed to remaining eligible users during the submission window. As of the time of writing this article, the project party has not officially confirmed the exact date on which all users will see the reminder. For users who do not meet the requirements in this round, the third round of verification has been planned, but its timetable has not yet been announced.
Summary
Latest news from VeryNetwork: VeryChat's second round of verification updates is progressing smoothly, half of qualified users have seen verification prompts, and three reported vulnerabilities have been fixed. Holders who are still waiting for the reminder need to submit before August 2 once the reminder appears, and then the VERY token will be transferred to VeryWallet in one time before August 10.
Disclaimer : This article is for educational and informational purposes only and should not be regarded as financial or investment advice. Before making an investment decision, be sure to study it yourself.
