VeryNetwork KYC Update as 50% of Users Receive Very KYC Banner
Bablu Singh Nirwan
Very Network Gives Update on VeryChat 2nd KYC Rollout
The latest VeryNetwork KYC Update highlights steady progress in the ongoing rollout, making it a key development for users tracking the VeryNetwork KYC Update closely. According to Very Network, nearly 50% of eligible persons can now see the KYC banner within the VeryChat app, signaling a significant milestone in the verification process.
As part of this VeryNetwork KYC update, the team has also addressed several common issues faced by persons during submission. These include fixes for wallet setup errors, ID submission problems, and rate-limit restrictions, improving the overall user experience.
For people who have not yet received access, the VeryNetwork check Update confirms that the rollout is being done in phases. Very Network has assured that eligible person will continue to receive the KYC banner gradually within the submission window, ensuring a smooth and controlled verification process.
The VeryChat 2nd verification round is open for users who held 500 VERY. Migration of verified VERY to VeryWallet happens in one batch before August 10, not right after each approval. Users new to the process can check this step-by-step KYC guide for the full submission walkthrough.
source : X VeryNetwork
What Happened
The rollout is officially halfway there! Very Network has confirmed that the KYC banner is now live for approximately 50% of eligible participants. Don't panic if you don't see it yet—the deployment is happening in waves to ensure system stability, so you aren't missing out. Most importantly, the developers have been listening to your feedback and have successfully deployed fixes for the three most frequent hurdles:
Wallet Setup Issue: One of the most common problems reported by users was the app asking them to set up a VeryWallet even though they had already created one. Very Network said this happened because of a database synchronization issue. The bug has now been fixed, so users who faced this problem can simply try the verification process again.
ID Verification Problem: Some persons also saw their documents rejected with the message Not a Genuine Government ID. According to the project, this mainly affected IDs that were printed on paper or laminated. Very Network says it is improving its verification system so these valid documents are less likely to be rejected in future submissions.
"Too Many Requests" Error: Another issue came from users tapping the submit button several times in quick succession, which triggered the Too Many Requests error. Very Network has already increased the request limit to reduce this problem. If the message still appears, the team recommends closing the app completely and trying again after about an hour.
Alongside these fixes, Very Network also restated the core verification requirements for this round. Users need a government-issued passport, national ID card, or driver's license, and printed paper copies are not accepted. Chinese and US nationals, along with minors, remain ineligible to participate. who already completed Node or 1st KYC do not need to redo verification but must still submit a separate migration request. Full submission steps and photo guidelines are listed on Very Network's.
Why It Matters
KYC is a required step before VERY tokens can move to VeryWallet, so submission errors directly delay when holders can access their tokens. Clear, timely updates on rollout status and fixes reduce confusion in a community handling a large-scale verification process. It also reflects a broader industry pattern of platforms tying identity checks to token access and transfers.
Identity verification plays a role in the token economy too, since transactions tie back to a verified identity rather than an anonymous wallet, which is meant to reduce fake accounts farming.
Market Context
VERY's migration to VeryWallet ties directly into the token's broader utility rollout across VeryChat, VeryAds, and node-based rewards. Readers wanting the fuller economic picture of the token can refer to this VERY tokenomics guide. This article does not offer any price outlook, as that falls outside the scope of this update.
What Comes Next
Very Network has said the KYC banner will continue rolling out to the remaining eligible users through the submission window. At the time of writing, the project has not officially confirmed an exact date for when all users will see the banner. A 3rd verification round is already planned for users who do not qualify this time, though its schedule has not been announced.
Conclusion
Latest from very network verychat second verification update steady progress as half of eligible users see the banner and 3 reported bugs are fixed holders still waiting on the banner have until August 2 to submit once it appears, with migration to VeryWallet following in a single batch before August 10.
Disclaimer
This article is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research before making investment decisions.
