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Topic: Do you join ICOs that requires KYC? - page 31. (Read 4558 times)

hero member
Activity: 700
Merit: 500
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July 01, 2018, 06:47:19 PM
no infact i dont even join any ico, i believe infuture ico coins will suffer the most with regulations and stuff only decentralized coins with no creators identity such as bitcoin would survive, its easy to close down a project when you know who is behind it. Besides 95% of ico fail anyway so whats the point hopefully xrp and eth bite the dust soon sometime too when btc has second layer solutions ready for smart contracts and LN
There isn't anything that is wrong with that because most ICO's have a low price that they begin with but they usually have a lower price when they are released on an exchange.
sr. member
Activity: 331
Merit: 250
July 01, 2018, 06:43:12 PM
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?

The same situation happens in my ICO that all of my investments offer KYC for securing the fund raised during token sales and it also need when you cash out money in banks and needs to know your identity to verify your transactions.
member
Activity: 156
Merit: 10
July 01, 2018, 05:59:26 PM
no infact i dont even join any ico, i believe infuture ico coins will suffer the most with regulations and stuff only decentralized coins with no creators identity such as bitcoin would survive, its easy to close down a project when you know who is behind it. Besides 95% of ico fail anyway so whats the point hopefully xrp and eth bite the dust soon sometime too when btc has second layer solutions ready for smart contracts and LN
newbie
Activity: 151
Merit: 0
July 01, 2018, 05:56:16 PM
I try to avoid projects that require KYC. because I think that my data can be used by scammers.
newbie
Activity: 126
Merit: 0
July 01, 2018, 05:53:09 PM
So far as I am not a criminal why will I worry about  doing a kyc?To me I will gladly do a kyc a thousand times but the only danger here is how the data is handled.Handling the data can be very dangerous though.
full member
Activity: 336
Merit: 100
July 01, 2018, 05:46:20 PM
The demand from the participants of the ICO generosity campaign from his team to pass the KYC check is illegal. Such a verification is carried out only with respect to investors and mainly with a view to preventing the laundering of dirty money. We do not invest in these projects and therefore should not undergo such verification. In this regard, I never join the signature campaign of the ICO, if, in the conditions of accession, even the possibility of conducting a KYC check is indicated clearly.
jr. member
Activity: 185
Merit: 1
July 01, 2018, 05:36:49 PM
I have never participated in ICO that requires KYC and i have been participated in some airdrops but no one requires a KYC.I do not know exactly why they requires KYC why they need more of tour personal information wherein bitcointalk you hide your true identity.
full member
Activity: 392
Merit: 112
July 01, 2018, 05:31:02 PM
Most of legit ICO before is requiring KYC, that is one of my basis for joining ICO, because thru KYC, it is knowing the customer, so, the company is making sure that their project will  don't cause a problem in the future. But now, even the ICO have KYC, there's still lot of SCAM ICO , so be careful on investing in ICO, even there is KYC.
jr. member
Activity: 168
Merit: 5
July 01, 2018, 05:29:03 PM
If it's not a bad project, and you know that it will bring profit, then why not join it.Doing KYC is fine as long as the project seems legit and the team members have a professional background and past experience.
newbie
Activity: 210
Merit: 0
July 01, 2018, 04:57:13 PM
In fact, it means only that it will be a prospect to the fact that this is not fraud and you can hope for the bounty on the payments and be also burdened by the fact that the company will scrape off
sr. member
Activity: 2352
Merit: 245
July 01, 2018, 04:47:26 PM
I never join the ICO generosity campaigns, which even express the possibility of conducting a KYC audit, because I consider it illegal for participants in the ICO generosity campaign. In relation to us, such checks should not be carried out, because we are not investors. The meaning of conducting such a check is basically to prevent the possibility of laundering dirty money. It does not have to be simple curiosity or, for example, to make sure that we are not citizens of the US or other countries that have banned their citizens from participating in the ICO. Participation in ICO campaigns here involves participating in ICO projects with your money, that is, investing in these projects, because these states consider this investment too risky and consider it necessary to protect their citizens from possible losses by directly prohibiting them from participating.
newbie
Activity: 210
Merit: 0
July 01, 2018, 04:29:34 PM
I do KYC if required. and I do not see anything wrong with that if my data gets to the scammers. without my signature, all documents are invalid.
member
Activity: 168
Merit: 12
July 01, 2018, 04:27:35 PM
It would not hurt to follow ICO in need of KYC, it seems to make ICO a bit convincing. Actually KYC function is good and not so inconvenient to my taste. This is done to prevent crime or fraud alone, where every wallet we must require our original identittas to confirm its authenticity.
full member
Activity: 238
Merit: 100
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July 01, 2018, 04:21:44 PM
So far I've heard only about one person who refused to pass KYC from the ideological reasons, he participated in the signature bounty compaign, when asked to pass KYC, he refused, although maybe he was just a scamper.
member
Activity: 224
Merit: 21
July 01, 2018, 04:21:39 PM
For me, it really depends on how big and how much potential this ICO have. I also dont wanted to miss an opportunity that is really hard to find. KYC is inevitable in most ICO specially if they are really that dedicated with the platform and i believe that it is mandatory for them to do KYC for big time investors to avoid money laundering.
KYC is being implemented by almost of the ICOs now a day to be on safer side. There should not be any problem with the KYC if it is being carried out by reputed third party agency like ONFIDO or projects based on the Blockchain which carries KYC for example VERIme, the key etc
newbie
Activity: 119
Merit: 0
July 01, 2018, 04:06:34 PM
I'm worried about it, because our data is then leaked to the dark net if the Scam project and there is nothing good
legendary
Activity: 1512
Merit: 1011
July 01, 2018, 03:56:37 PM
I think ICOs should stop asking for KYC. Some ICOs has never done KYC, but they were able to get their tokens listed. So, I don't understand why they need people's personal information. If they would like to give a fair chance to every one, there are ways to do that with this technology (Ex: Dutch auction).

I think that you are absolute right. I believe that most of the ICO are not so worry about the KYC. They are just creating a databases with a personal info that no one knows what will happen with it. Soon or later these databases will be sold and soon or later a lot of people will be burned.
jr. member
Activity: 350
Merit: 1
July 01, 2018, 03:41:55 PM
Yes of course, I do not see a problem to pass the Kyc if the project is worthwhile, although recently a lot of bad projects
jr. member
Activity: 140
Merit: 1
July 01, 2018, 03:20:10 PM
It depends on the project. If I relally want to participate, I do anything they want, did not have any bad experience yet. Smiley
full member
Activity: 443
Merit: 100
https://streamies.io/
July 01, 2018, 09:30:40 AM
No. To be honest, I do not join ICOs that requires KYC because it just makes the distribution time longer and sometimes there are spilling of private information that could be very dangerous.
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