This entry was posted in the original on the site of omoku.io. We are happy to post this article also on our site. Thanks to Matin Guidali, CEO & Founder of Trimoda OÜ:
We are delighted to announce that the first wave of verification has been a success for omoku! More than 500 users have already been verified. If you are one of them, you can now link your IOTA addresses and your bank account with omoku. In this article you will find out exactly how this works and what you need to consider.
A short retrospective view
As more than a month has passed since the last update in the omoku blog, we would like to take a brief look back at the progress that has been made in the meantime. Above all, we are enthusiastic about the numerous applications for verification. We now have over 500 verified users on omoku. Some users had some problems and consequently longer waiting times until the verification was successful, but we were all able to fix these issues relatively fast. By and large, the first wave of verifications was very successful. Our decision to take a gradual approach to building omoku has proved to be the right one for us, as it allows us to eliminate possible weak points in the system directly and without major impact.
After the account security could be guaranteed by 2FA and a recommendation system is also already in use, all our efforts are now directed towards building and releasing the actual Exchange. We do not carry any balance for our users, neither in Euro nor in IOTA. This means that you must have your own IOTA Wallet and therefore also your own IOTA address. If you do not yet have an IOTA Wallet, you will find here all details on how to create one. If you have any questions, we will be happy to help you.
Connecting at least one IOTA address and an own bank account with omoku is a prerequisite to buy or sell IOTA on omoku. Please make sure that you are verified first as you can also only connect your IOTA addresses and your bank account to omoku with a verified account. If you are already verified, you can make the connection without further delay. Otherwise, please follow the instructions on the verification page after registration or login. If you have any questions or problems, please contact us. As soon as your verification has been confirmed, you can add your IOTA addresses and bank accounts without further delay. A complete (full) verification is not necessary.
How do I use the omoku connector?
Use a verified account to access the Connector page, which is on the same page as your settings. You can also reach the page via your profile or navigation. In the connector you can now add a new IOTA address. The validity of the IOTA address is automatically checked during entry. If your address is valid, the IOTA icon before the address switches from grey to blue.
It’s very simple to connect your IOTA wallet with omoku.
You can add up to 20 different IOTA addresses from different IOTA Wallets and delete obsolete addresses at any time. Enter any label for the corresponding IOTA address and then insert your IOTA address. As soon as you confirm your entry with “Add now”, your IOTA address appears under the connected addresses.
Similarly, add your bank account. Simply enter your IBAN and the corresponding BIC. If you do not know your bank’s BIC, you can find out here.
Connect your bank account with omoku.
If desired, you can add several bank accounts. Then you should select one of them as main bank account. To do so, simply click on the star next to the relevant bank account and then confirm your selection. The main bank account is used for payments of rewards for referrals.
Choose a main bank account where you receive the reward for you referrals.
What do I have to take into account?
When connecting a bank account with omoku, please note that for legal reasons the bank account must be in your name, which you entered during verification. In addition, it must be a bank account in the SEPA area with a valid IBAN so that we can successfully complete your transactions or send you your reward from referrals.
Omoku also assumes no liability for losses of IOTA caused by double spending. Double spending can be prevented by using at least two different IOTA wallets. Connect a IOTA Wallet with omoku, with which you do not carry out an outgoing transaction, i.e. do not send IOTA tokens to another Wallet.