Do you join ICOs that requires KYC? - page 12.

hieusupper89

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Quote from: STIKS1911 on February 26, 2018, 01:27:46 AM

Now more and more projects require the passage of KYC. If I like the project and the team is strong, then I participate in such ICO. But I consider the airdrops that require the passage of KYC to be a waste of time.

That's true!
We should verify KYC to participate in a healthy and safe way
If the project runs Airdrop I think it should not be because it's too time consuming.

missg23

newbie

Activity: 93

Merit: 0

The last ICO I joined requires a KYC (know your customer), at first I have to admit I was hesitant but later on I make some research that some ICO requires it because the want to know more their participants and to avoid being scammed. The ICO must be also transparent to their data gathering from their participants.

masterrex

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Quote from: xtin-tin on February 26, 2018, 12:05:38 AM

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

Yes it is required by law, the KYC or (know your Costumer) is fine as long as the KYC provider must be transparent about the data they gathered from the participants and where they keep it or what is there plan about the data after fully utilized and used it or they must shred it to prevent unauthorized used from Unscrupulous individuals. our data is priceless so we better keep it safe.

zamanhuri

newbie

Activity: 106

Merit: 0

I once joined ICO in need of KYC, but I think KYC is fine, maybe they want to know who really participate in bounty, and my advice be careful in filling KYC, if indeed we doubt with KYC just ignore for convenience we.

Anna Borisovna

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Quote from: enawati on July 25, 2018, 08:43:14 PM

KYC is should be only for investor to comply regulation and avoid money laundering. But for bounty hunter that receive small amount of reward is not necesary. Personally i avoid to join bounty campaign that required KYC because i dont know who will save my personal data. Last year i have seen no one ICO required KYC but now some of them need it, can be the reason just to comply regulation.

Now some companies announce the procedure of KYC after the end of the project. If you are a bounty hunter, and have honestly worked the whole company, for example in a signature. That will have to provide documents for KYC
and for investors - this procedure is even good.

TrufieldICO

newbie

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Best ICO project in 2018 is the Trufield project. Trufield is a decentralized medical records application that puts poor communities at the core. This humanitarian project will help developing countries while delivering huge returns to investors. Trufield Pre-ICO is live, buy Trufield tokens at 25% discount here at http://Trufield.com or http://Trufield.io. ICO will start on 31st July 2018

panosdada

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The Premier Digital Asset Management Ecosystem

During the year, I took part in 18 ICO, and each project had a mandatory KYC procedure. I think that KYC does not pose a threat to investors if you choose the ICO correctly. But I have never been involved in aidrop that require KYC.

ethicalbtc

newbie

Activity: 63

Merit: 0

For me I joined KYC for bounty for purposes only but not on airdrop. Our data should be secure as always because sometimes our data can sell on the black market and also can be used for bad actions. So better to minimize joining KYC airdrops since majority of airdrops are scams.

bddbd

newbie

Activity: 103

Merit: 0

The purpose of KYC is to screen out countries that ban ICO, such as the United States and China. I am looking for a project. I will join the ICO that needs KYC. It doesn't take too much time, usually just upload a few photos, but there are currently Many scams, through illegal means to get your information, I will worry about the existence of such problems, so I will undergo strict screening

KobbyD

newbie

Activity: 126

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I personally don't check for KYC before joining an ICO, but if it is required, why not fill. Although I hate it anyways. But just fill and get your tokens if necessary.

poodle63

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Quote from: Enochian on July 26, 2018, 12:56:16 AM

Quote from: Wildskull on July 25, 2018, 06:21:05 AM

I would try to avoid it in as long as I am not sure the project is good and it is going to be profitable. Otherwise, I see no reason to give information away.

Your position is understandable, but there are only a few good or trustable ICO projects without KYC nowadays. It is almost impossible to ignore ICO with KYC

if theres platform that is proved to be trusted even by the government or verified by the government then maybe thats a good deal but other than that I think that's just too dangerous except we need
to take a brief look on how safe and trusted the project is.

Kang Bahar

full member

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Silent Reader~

I think KYC is useful to avoid money laundering or avoid the problems with a customer in his country, and on average KYC is necessary, because it's a regulation from ICO companies.

But for me, I'd avoid the KYC program. Because KYC can be very dangerous. Why? Some time ago I read a thread on scam accusations, there is a project that turns into scam after its investor passed the KYC. Their project personally has been misused and ultimately scam, and how about the data from customers? Other than used for criminal acts, what will they use the data from customers for? Damn, very terrible.

bananaohnana

newbie

Activity: 28

Merit: 0

Yes, I have, but I tend to choose the ICOs I invest in very carefully, so I have a certain level of trust at least in those running the show. If I was throwing money into more ICOs looking for quick flips, even if I don't believe in the team/product/etc, then I might be a lot more wary of doing KYC.

hsjd569

newbie

Activity: 89

Merit: 0

Kyc in ico is an effective means. When your country prohibits participation in ico. Kyc can effectively prevent them from participating in ico.

crocus

jr. member

Activity: 158

Merit: 2

Nope, I don't participate in any ICO that requires KYC due of personal information are important, like today there are many ico's that deceiving people and build an scam ico's so better to join in bounties that haven't KYC to participate in their program.

quaqui

newbie

Activity: 54

Merit: 0

In my opinion KYC required for ICO;s are good ICO because it is more secured from fraud and good team will be behind the project, so I suggest to join the ICO where KYC is required or mandatory. so only trusted people can invest money and the project will be more reliable and succeed,

Enochian

full member

Activity: 327

Merit: 124

Quote from: Wildskull on July 25, 2018, 06:21:05 AM

I would try to avoid it in as long as I am not sure the project is good and it is going to be profitable. Otherwise, I see no reason to give information away.

Your position is understandable, but there are only a few good or trustable ICO projects without KYC nowadays. It is almost impossible to ignore ICO with KYC

AlexAtom

member

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Quote from: xtin-tin on February 26, 2018, 12:05:38 AM

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

Yes, almost every ICO will require KYC to participate, it is normal. The uncommon thing is KYC required for bounty hunters as well.
As an investors, if you sure and believe the ICO you want to participate is good and will bring benefits, you won't afraid giving your details.

kabum21

member

Activity: 196

Merit: 10

I am extremely careful with my information, in order to give my personal information to an ICO it must have an extraordinary potential, because usually that information can be sold and you will start to receive a lot of unwanted mail, in addition to being the opposite of the whole philosophy of anonymity in the blockchain.

Legwist

newbie

Activity: 180

Merit: 0

KYC is good especially when the project has proven beyond reasonable doubts to be successful. And As long as they don't want us to input our private key then I think its not a problem.

Topic: Do you join ICOs that requires KYC? - page 12. (Read 4557 times)