Their tokensale will be a security tokens sale on an exchange (the first of its kind I think). So pretty sure you have to do KYC but that shouldn't take too long. Token sale also just starts in a couple of weeks on the 1st of October.
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KYC is a needed measure and doesn't take much time.
I personally try to stay away from projects implementing KYC cos am not so sure of how many of them are trust worthy but presently, it seems to be the norms with crypto projects.