Topic: A new look to KYC, from a customer's perspective. - page 2. (Read 1362 times)
It's stupid if you're too easy to give your identity. I see the information on Facebook that someone sells photos of other people's identities. From the case I found it, I would be very careful in doing KYC. We must check and recognize the CEO. So we are not stuck in a fake project.
I guess many of us already doing it or have some protocol on how to handle and do some due diligence for choosing a project. I guess we can say that many in the past has been victimized by runaway ICOs and no doubt that the reason for this is the lack of efficiency or researches before they participated. I like how the stuff set up now compared before. IEO which means Initial Exchange Offering clear up some doubts on rising projects snce they are the one doing it for us and nevertheless helps a lot on choosing. Bullish and hype aside, I think IEO is much profound and can be trusted than a regular ICO.
Certainly the level of trust in the IEO is much higher than to the simple ICO. There is an audit, selection, testing and examination of projects. 
I guess many of us already doing it or have some protocol on how to handle and do some due diligence for choosing a project. I guess we can say that many in the past has been victimized by runaway ICOs and no doubt that the reason for this is the lack of efficiency or researches before they participated. I like how the stuff set up now compared before. IEO which means Initial Exchange Offering clear up some doubts on rising projects snce they are the one doing it for us and nevertheless helps a lot on choosing. Bullish and hype aside, I think IEO is much profound and can be trusted than a regular ICO.
I think having that part to be fulfilled by the people who runs campaigns should be needed. This will be a huge help for the community since we can now have a much more easier way of verifying the people behind these projects. They don't want participants who will waste their time and trust but us participants also do not want to waste our time on scam projects and fake people.
Unfortunately, projects and the truth very often deceive members of the bounty. It turns out that you spent your time and energy for several months and received nothing in return. This is very sad. 
KYC is really needed to reduce fraudulent ICO. And not only for investors there is a need to know about the authenticity of the team, as well as for us bounty hunters when choosing a company to work. In general, everyone benefits from this.
It will not stop fake ICO projects, Nowadays KYC can be easily fake by buying fake documents in the black market. The only way to prove the authenticity of the team members is to do a Video with the whole team and explaning and sharing their company. this is the best way to check if the team members are legit or not.
I think that is a very good and useful idea. Among the project teams there are also a lot of scammers and therefore investors need to know who they give their money to.
Project teams are afraid of change and they don't want to be a first person to apply the new rules. The cryptocurrency markets are not simplified but some pro traders can handle it easily. KYC is know your customers that is not wrong think if admin is not scammers or if don't sold our information. We should says KYCEO by investor before invest any types ICOs. But CEO don't accept it, this people aren't sure that they could be rise their funds.
I never provide my cus information. I prefer to invest in projects where it is not needed. I do not buy shares, I do not conclude a contract, then why do developers need my KUS information? I agree to provide it only on mutual terms.
KYC is really needed to reduce fraudulent ICO. And not only for investors there is a need to know about the authenticity of the team, as well as for us bounty hunters when choosing a company to work. In general, everyone benefits from this.
It will not stop fake ICO projects, Nowadays KYC can be easily fake by buying fake documents in the black market. The only way to prove the authenticity of the team members is to do a Video with the whole team and explaning and sharing their company. this is the best way to check if the team members are legit or not.
Hey guys, I suggest you take part in a cool reward from the Gexan project!
NO KYC! Payments monthly! The GEX coin is being traded on the exchange!
Bounty started yesterday and will run until June 30th.
May 10, 2019 Gexan project will hold IEO on the exchange, which is included in the top 25 Coinmarketcap. Thus, by the end of the award, the GEX coin will be sold on exchanges.
This is a very cool offer!
Sign up for a reward in the bounty thread: https://bitcointalksearch.org/topic/bounty-gexan-blockchain-lottery-60-000-monthly-distribution-ieo-5136521
link to ANN thread: https://bitcointalksearch.org/topic/annaieo-gexan-blockchain-lottery-powposmnasmart-contracts-5136520
Web-wallet Gexan: http://lottery.gexan.io/
Web site: http://gexan.io/
NO KYC! Payments monthly! The GEX coin is being traded on the exchange!
Bounty started yesterday and will run until June 30th.
May 10, 2019 Gexan project will hold IEO on the exchange, which is included in the top 25 Coinmarketcap. Thus, by the end of the award, the GEX coin will be sold on exchanges.
This is a very cool offer!
Sign up for a reward in the bounty thread: https://bitcointalksearch.org/topic/bounty-gexan-blockchain-lottery-60-000-monthly-distribution-ieo-5136521
link to ANN thread: https://bitcointalksearch.org/topic/annaieo-gexan-blockchain-lottery-powposmnasmart-contracts-5136520
Web-wallet Gexan: http://lottery.gexan.io/
Web site: http://gexan.io/
KYC is really needed to reduce fraudulent ICO. And not only for investors there is a need to know about the authenticity of the team, as well as for us bounty hunters when choosing a company to work. In general, everyone benefits from this.
The fact is that only investors can be considered clients in ICO projects. ICO bounty campaigners are not clients because they don’t invest in new tokens. In the relationship between the ICO team and bounty hunters, the clients are just the ICO team. Therefore, bounty hunters should not be tested by KYC, this is contrary to the purpose of such an inspection.
KYC is a good and reliable thing to do because aside traders and investors, there are scammers around and so investors need to know who they are giving money too. Its very necessary.
Yes, I agree with KYC. Actually this supports well, besides preventing some KYC accounts, it also enhances relationships with developers with their personal information. Most who don't like to say are scam and risky but from what I observe we are too focused on seeing the downside.
KYC is a good and reliable thing to do because aside traders and investors, there are scammers around and so investors need to know who they are giving money too. Its very necessary.
KYC is because of regulations nowadays of sec and i see it was required in general to have a legality before conducting and ico than facing the laws after the successful crowdfunding. Everyone should be smart to look into the credibility and research on the informations of the team and not only hoarding in the project.
This is in fact a good idea and I like it. It also gives investor the power to confirm or know the team before investing in the ico. Know your CEO will dramatically reduce the scams in the crypto space, KYC know your costumer on the other hand is applicable under AML anti money laundering which is not the reason of the scams. In addition, IEO has provided a new mechanism of fundraising that has eliminated the risk factor. 
I think that is a very good and useful idea. Among the project teams there are also a lot of scammers and therefore investors need to know who they give their money to.
That's true and I know it's mandatory for CEO to be transparent so he can gain trust to it's users. I also like KYC for customers so during sale we can avoid abusers who will buy tons of tokens and dump when enter in the market.
KYC should only be mandatory to ICO Project owners and team members while those customers wanting to buy more tokens they are taking a huge gamble with the project and buying tons of tokens will help the project reach its funding goal.
Dumping occurs in any coin/token project and it cannot be controlled by anyone.
That's true and I know it's mandatory for CEO to be transparent so he can gain trust to it's users. I also like KYC for customers so during sale we can avoid abusers who will buy tons of tokens and dump when enter in the market.
KYC should only be mandatory to ICO Project owners and team members while those customers wanting to buy more tokens they are taking a huge gamble with the project and buying tons of tokens will help the project reach its funding goal.
Dumping occurs in any coin/token project and it cannot be controlled by anyone.
That's true and I know it's mandatory for CEO to be transparent so he can gain trust to it's users. I also like KYC for customers so during sale we can avoid abusers who will buy tons of tokens and dump when enter in the market.
Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?
That step will be a big relief to investors however that can't happen easily and it's not easy as what you think. SEC should be first to regulate ICOs and next submitting kyc documents of the team especially the CEO. However, this won't still guarantee no scam risk though it will just lessen.Personally, I spare myself from investing in ICOs, no matter how lucrative the project is as we all know how it will end up.
It will be useless eventually.
KYC method is basically to prevent money laundering. But by times, project implemented this without necessarity which end as useless method. In my perspective, personal documents are in danger of we give to others as people can impersonate ourselves. But this is not available full bad thing, we just need to chose the right person to give our personal documents. Make sure they are not a scammer or bad person.
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