Yes, to verify an existing team is one of the most important points for doing your research. You'll see if the team is experinced or not or if it doesn't exist you can be sure it's a scam. Most scams have no real team because after their scam they will run away with all the money and nobody will know it, who they are.
Team is most important for me!
Topic: Are proofs of the real existence of the team important for an ICO? - page 3. (Read 389 times)
October 07, 2018, 06:14:37 AM
October 07, 2018, 04:15:17 AM
I dont really think it is that important. I think the most basic thing KYC does is to filter multiple participation in bounties and scammers. Cryptocurrencies is more known for anonymity and KYC just trashed that. But still, do you think those who are submitting KYC documents are submitting their true identity? I dont really think a hundred percent so.
October 07, 2018, 04:11:58 AM
Yes of course. Proof of the real team's existence is very important because it is just mean the project is real no ghost team and no ghost project and scamming is less risky. Why? If your face is pinned in the web as the projects core team and developer, you may feel a little bit ashamed to be included in the project which is only scamming people later on. So everyone in the team with good reputation will not be ashamed if they think the project is legit.
October 07, 2018, 03:34:55 AM
The exitence of the team is really important. But, the creditibility and the potentiality of the team is also important. It presents them as a reliable and trustworthy source.
October 07, 2018, 03:07:33 AM
"It might earn you their trust. People feel comfortable if they know more about the people they are investing with. But keep balance between the project development post and personal posts.
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October 06, 2018, 05:46:38 PM
Many scam projects are not too smart, and often people from other projects are exhibited as a team or simply photos of people not related to the project, smart scammers insert photos and links of real experts who also do not belong to the project, it is to identify scammers that the team should check. project.
October 06, 2018, 05:15:41 PM
KYC is meant for customers though, meaning those investing in your ICO. But please do not even over look the importance of team members in a project. Team members are expected to verify themselves through their LinkedIn profile to ICOs ranking sites. And this is what really ranks them as valid and attract investors to invest in their project followed by the project idea and if it's a working one.
October 06, 2018, 05:11:26 PM
If the team is known, it gives an assurance to the investors, making them feel their money will be secure. But if the team is unknown, no one can be held responsible if anything goes wrong or the people are scammed. People want to believe in others before they invest.
October 06, 2018, 05:09:49 PM
I am currently applying on various listing sites and can see that sometimes there's a recommendation for team members to go through KYC procedure.
KYC = Know Your Customer, this term is not applicable for dev team. What they can do is to verify their identities.
There are some good reasons why even legit and genuine team would prefer to stay anonymous (just like Satoshi did), but then they shouldn't be asking public for money (Satoshi didn't). In such case, they should either develop the product first and then sell it by putting tokens on the market, or, at very least, organise an ICO using trusted escrow and clearly defining and tying fund-release conditions with development progress.
October 05, 2018, 10:22:14 AM
This is a good suggestion, it is very useful to prevent scams, but in most cases, the team has the initiative, all ICO rules are made by them. For investors, the only thing you can do is to decide whether Invest in your money, except that you have no choice.
October 05, 2018, 09:48:31 AM
It depends who's your consumer, if he's rich than this may be good, but if he's basement dweller then he can compare you to rich capitalists and steer away from your offer, if he's something between he may get inspired to live life like you're living and he may be more inclined to invest.
It has nothing to do with the consumer/costumer/investor, we as an investor should know them very well.
currently there are a tons of project with a fake team members behind them, based on this alone we can make a conclusion that those kind of project will go scam in the future.
(they do not use their real identity because they are not doing it seriously and only do this for a quick money)
showcasing the team member is must for me because we need to understand the project and the team behind it.
even a real team could scam us, let alone those who use a fake team profile.
October 05, 2018, 09:43:34 AM
Not just is the real existence of the team of an ico(initial coin offering) important but also The credibility of the team behind an ico is very important as well because right now over 80% of ico are scams so our best alternative is to go for those that have already credible and establish team
October 05, 2018, 09:36:48 AM
I don't see anything being wrong with showcasing the unity in a team. It shows that, they have unity and unity is a force to reckon with but on a tea table? Not necessary. Just pictures in seminars, parties etc.
Although, it might still turn out a scam. I just don't put my hope too much to an ico.
They can continue doing that because there are no body regulating such activity of ico, is just unfortunate that people can destroy others like this.
Although, it might still turn out a scam. I just don't put my hope too much to an ico.
I think the existence of the team is important but it doesn’t actually change anything to be honestly
Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars
Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars
They can continue doing that because there are no body regulating such activity of ico, is just unfortunate that people can destroy others like this.
October 05, 2018, 09:32:13 AM
It depends who's your consumer, if he's rich than this may be good, but if he's basement dweller then he can compare you to rich capitalists and steer away from your offer, if he's something between he may get inspired to live life like you're living and he may be more inclined to invest.
October 05, 2018, 09:22:51 AM
I am currently applying on various listing sites and can see that sometimes there's a recommendation for team members to go through KYC procedure. In general, I think it's true that people care about the team listed on the website and want to be sure it's not fake.
I am managing social networks of our ICO and I wanted to hear your thoughts on whether it would be a plus to tell people more about our team, make posts about their lifes, kind of. It's just that I feel it's important that our team is almost like a family, because this affects the project development. Every morning we drink tea and eat some sweets together, we often communicate and always celebrate the birthdays of our members. For example, we had a nice birthday celebration a couple of days ago, sitting at one table, eating food, making toasts as well as discussing our ICO... I am just wondering whether posts with photos of our celebrations or morning tea drinks could bring community closer to us and be another proof that we are all real people working on a project, rather than a noname account that posts info about the project. What are your thoughts? Should posts be focused on project development or would some content about us as real people make things better?
I am managing social networks of our ICO and I wanted to hear your thoughts on whether it would be a plus to tell people more about our team, make posts about their lifes, kind of. It's just that I feel it's important that our team is almost like a family, because this affects the project development. Every morning we drink tea and eat some sweets together, we often communicate and always celebrate the birthdays of our members. For example, we had a nice birthday celebration a couple of days ago, sitting at one table, eating food, making toasts as well as discussing our ICO... I am just wondering whether posts with photos of our celebrations or morning tea drinks could bring community closer to us and be another proof that we are all real people working on a project, rather than a noname account that posts info about the project. What are your thoughts? Should posts be focused on project development or would some content about us as real people make things better?
very true, but people are more interest on other stuff compare to things that improve our live.
October 05, 2018, 08:52:19 AM
I think the existence of the team is important but it doesn’t actually change anything to be honestly
Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars
Wow, it's such a shame that teams do things like that. But hey, if the team is known, I guess people can file a cyber crime report and these people will be arrested, right? I eman, it's like robbing a bank and having public info about people who did it. Eventually they'll get caught and will be forced to return the funds as well as serve a term in prison, no? That's why I think info about the team is important. The more info there is, the less easy it will be for the team to scam people without getting arrested. Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars
October 05, 2018, 08:44:43 AM
I think the existence of the team is important but it doesn’t actually change anything to be honestly
Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars
Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars
October 05, 2018, 08:42:02 AM
I am currently applying on various listing sites and can see that sometimes there's a recommendation for team members to go through KYC procedure. In general, I think it's true that people care about the team listed on the website and want to be sure it's not fake.
I am managing social networks of our ICO and I wanted to hear your thoughts on whether it would be a plus to tell people more about our team, make posts about their lifes, kind of. It's just that I feel it's important that our team is almost like a family, because this affects the project development. Every morning we drink tea and eat some sweets together, we often communicate and always celebrate the birthdays of our members. For example, we had a nice birthday celebration a couple of days ago, sitting at one table, eating food, making toasts as well as discussing our ICO... I am just wondering whether posts with photos of our celebrations or morning tea drinks could bring community closer to us and be another proof that we are all real people working on a project, rather than a noname account that posts info about the project. What are your thoughts? Should posts be focused on project development or would some content about us as real people make things better?
I am managing social networks of our ICO and I wanted to hear your thoughts on whether it would be a plus to tell people more about our team, make posts about their lifes, kind of. It's just that I feel it's important that our team is almost like a family, because this affects the project development. Every morning we drink tea and eat some sweets together, we often communicate and always celebrate the birthdays of our members. For example, we had a nice birthday celebration a couple of days ago, sitting at one table, eating food, making toasts as well as discussing our ICO... I am just wondering whether posts with photos of our celebrations or morning tea drinks could bring community closer to us and be another proof that we are all real people working on a project, rather than a noname account that posts info about the project. What are your thoughts? Should posts be focused on project development or would some content about us as real people make things better?
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