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Topic: Do you join ICOs that requires KYC? - page 35. (Read 4556 times)

jr. member
Activity: 78
Merit: 1
June 26, 2018, 08:17:18 AM
to participate in ICO that requires kyc is really safe and good to participate and also in every exchange but for airdrops I better stay away from it.
newbie
Activity: 93
Merit: 0
June 26, 2018, 08:13:28 AM
Some of the best projects that are currently underway require the verification of the identity of the depositor. And this is often very good if you look at hundreds of projects that are similar to each other, only where there is a good team, and where they want to know their investors are good investments.

full member
Activity: 430
Merit: 100
June 26, 2018, 08:13:02 AM
yes, some of project that requires KYC, it help their project references to participate and prevent some people from cheating.
For most honest workers, KYC is acceptable, but it must be explained before starting. As far as I know, some new people do not know how to pass it.
newbie
Activity: 185
Merit: 0
June 26, 2018, 04:10:47 AM
yes, some of project that requires KYC, it help their project references to participate and prevent some people from cheating.
full member
Activity: 952
Merit: 104
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June 26, 2018, 04:09:17 AM


It would be good if the project requires kyc for bounty hunters to prevent those people who have multiple account. It is also effecient to determine those bounty farmers with more than one account in the project.
newbie
Activity: 162
Merit: 0
June 26, 2018, 04:05:07 AM
Yes I joined them because its not a problem to do KYC for me. But i think its not fair to those who couldn't join because of KYC issues. I hope thing going to be better for the future.
sr. member
Activity: 1246
Merit: 255
June 26, 2018, 04:04:32 AM
The one I joined before, I did not enjoy it, after doing all required exercises i ended up loosing my token, probably i dont know how to go about it,so I have always avoided it.
newbie
Activity: 134
Merit: 0
June 26, 2018, 03:58:43 AM
I think there is nothing wrong if you really have chosen a project for investment and are ready to invest in it your money then the passage of the procedure KYC should not cause you to abandon this project! But I do not advise to undergo KYC in different airdrop and dubious companies.
newbie
Activity: 97
Merit: 0
June 26, 2018, 03:57:58 AM
I do join ICO that requires KYC  but not always because there are still some that does not require KYC. KYC which is Know Your Customers is required for some ICOs due to restrictions in some countries.
newbie
Activity: 309
Merit: 0
June 25, 2018, 04:11:25 PM
I join any ICO that is worth it. I believe my kyc documents are safe with the project managers so I do it.
newbie
Activity: 83
Merit: 0
June 25, 2018, 04:05:05 PM
I heartily believe that Know Your Customer isn´t a justifiable measure for many cryptos. They don´t own the legal support of financial assets and must not require of that system.
sr. member
Activity: 546
Merit: 250
June 25, 2018, 03:06:19 PM
Today KYC is a legal requirement and has become condition for joining the ICO. From a legal point of view, customers should be known by ICO owners. I have given some ICOs  my ID but i don't give ID to airdrops.
newbie
Activity: 82
Merit: 0
June 25, 2018, 12:30:48 PM
Im quite skeptical signing their kyc. So im selecting ICO that deosnt have kyc requirement. However, i encounter a ICO that right after the campaign they require us to sign a Kyc in order to get our tokens. So i had no choice, i have to do the kyc.
newbie
Activity: 76
Merit: 0
June 25, 2018, 08:01:23 AM
I probably will not join those ico ever who have KYC requirement due to identity theft. I would probably wait for them to launch on exchange to see their performance and then will do something.
full member
Activity: 242
Merit: 100
June 24, 2018, 09:34:12 AM
It's normal for now and bring more trust to investors as almost ICO now requested to done KYC before can join token sale. It will avoid future problem for ICO from Government
newbie
Activity: 238
Merit: 0
June 24, 2018, 09:24:09 AM
In my opinion KYC not necesary in every bounty program because this is will need extra time for that, and some bounty hunter can not provide KYC procedure because reason of privacy. KYC could be only for investor who purchased the token during ICO. And for me KYC procedure will become complicated because i joined alot of bounty program, this is will be not efisien for my job and i have to spend extra time for that.
newbie
Activity: 80
Merit: 0
June 24, 2018, 09:19:51 AM
I think that KYC can be a good thing for having some kind of control over ICO projects participants i.e. investors so maybe this requirement is useful and I do join such ICOs if I know that they are reliable.
member
Activity: 215
Merit: 10
June 24, 2018, 03:54:18 AM
It is not very pleasant  to provide my personal information to some unknown people, the basic rule of crypto is the identity safeguard. However, many bounty hunters believe that if an ICO demands KYC, then it is legit.
newbie
Activity: 17
Merit: 0
June 24, 2018, 02:28:20 AM
the demand for KYC should be mentioned in the rules at the beginning of the program so it becomes fair to us and it does not matter if I join ICO that there is a request to do KYC as long as ICO has a good, successful and trustworthy project.

Actually, I think there's a better and hassle-free way around KYC. A project called Menlo.one is launching its token sale this July and it's an ICO marketplace platform where you will only need to submit your IDs once. This is a link to the interview of Menlo's CEO, where everything mentioned above is discussed in detail https://www.youtube.com/watch?v=Rw1QBpBYE6o&feature=youtu.be
newbie
Activity: 238
Merit: 0
June 24, 2018, 02:23:02 AM
If the project looks good then I join it even it asks for KYC. But for airdrops - No I will not pass my documents for KYC. As I have seen almost all ( more than 90% ) airdrops are scam today.
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