Do you join ICOs that requires KYC? - page 5.

ArIMy11

full member

Activity: 519

Merit: 101

Quote from: xtin-tin on February 26, 2018, 01:05:38 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?

When it comes to a bounty campaign that requires KYC, if I can avoid it then I do avoid it. I know KYC is created for a good purpose like limiting multi account in one campaign but on the other hand, it can also be used to get the information of someone and then use it in something bad. If I think it is worth to participate in KYC, then I go for it.

GERMO COIN

member

Activity: 406

Merit: 10

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I attended all ICOs which in my opinion would definitely give me profit, even though the ICO asked me to fill KYC or not.

HansakaMadushan

full member

Activity: 378

Merit: 109

I was observing some ICO battle from swarm most loved abundance administrator to join my Twitter yet when I saw the line "this token isn't ERC20 and you require a legitimate email to send the connection for your award." I check the connection yet it drives you to the ICO site and you have to fill your KYC, I quickly expel my book marks.Undeniable irritation to choose and sit tight for the ID affirmations.Additionally archives. Forget about it

Jassi.21jaspreet

copper member

Activity: 210

Merit: 0

I join ICO that requires KYC and i think it has a promising project that could give me a big return on my investment in the future thats why they require KYC. I think the ICO project would give me profit. I usually choose to participate in the ICO project investment, even if it requires KYC information.I know most of the KYC information may be liable to leak but still its ok for ICO

smoolae

full member

Activity: 602

Merit: 106

I have joined a few. Really don't see any problem with this step if it's done in a secure way and you have a clear knowledge of how the information from you is being saved/kept.

monmoni

newbie

Activity: 175

Merit: 0

I am participating in ICO that requires KYC and I believe its not a big deal for me as long as I am available to do that. Unfortunately for someone who are can't join ICO because KYC.

Wabri

jr. member

Activity: 154

Merit: 1

For me is it important with which KYC supplier they work. If they work with a trusted company who have good experience in the work field and with KYCs then I join the ICO.

inetto7

newbie

Activity: 104

Merit: 0

I join the ICO, which requires KYC, because now it's days, this is the only thing that keeps ICO in more stringent rules. If this is a good ICO with the reasons why they need KYC, this is not a problem, especially if there is a decent team.

Bugraaydin

newbie

Activity: 77

Merit: 0

"The objectives of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities. Related procedures also enable banks to better understand their customers and their financial dealings. This helps them manage their risks prudently"

Bugraaydin

newbie

Activity: 77

Merit: 0

Ofcourse it needs. Because every money hunter and scammers can participate them. So we cant catch good icos.

jzale

full member

Activity: 504

Merit: 105

Most of the ICO's now requires KYC procedure and it is the new standard of ICO's in 2018. There is not much you can do about it since it is a necessity to pass it to avoid multi accounts and abuse the bounty program (bounty hunters). It also a security for the company to know their clients and participants to avoid conflict of interest. Still, participating on ICO's became more risky for investors since this kind of procedure can lead to identity theft. That's why we should always be careful and take time to research on a specific ICO that we want to participate.

Gifolote

member

Activity: 308

Merit: 10

Yes, I participate in ICO projects that require KYC. because I have already passed KYC and do not see this as a threat to myself.

Guli

full member

Activity: 420

Merit: 107

Always try to avoid this projects, because they can send and sell to the wrong people. I'm very scared of this. But sometimes, when projects really justify themselves, I make concessions.

Gabri

sr. member

Activity: 856

Merit: 250

Falls. Very often very interesting projects require you to go through the KYC procedure. And let me not like it very much, it is necessary to pass procedure. The advantage is that it is an excellent protection against fraud in bounty programs.

vasilisc555

member

Activity: 490

Merit: 10

I join. What should the identity check frighten? Do you have millions of dollars in circulation or what? No one will take credit for your passport. So this is the norm and is welcome.

alexsandria

sr. member

Activity: 896

Merit: 268

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Quote from: dasha_buka on July 30, 2018, 02:06:39 PM

I think that kyc isn't really necessary in every bounty, because it will need extra time for that, and some bounty hunter can't provide kyc procedure because of the privacy

Well i joined some ICOs that requires kyc especially when the ico i will joined have a strong team and have a big chance to became successful and for me to do kyc on some ico is okay because they just want to know all there investor.

Cris John Pham

jr. member

Activity: 420

Merit: 1

I think KYC is a useful tool for identifying identity when buying tokens from ICO projects, and it also reduces the number of virtual registrations, fraudulent accounts.

3philong

member

Activity: 434

Merit: 10

I think it is necessary to fight fraud. But I am also very afraid to send my information to strange things. So I rarely join the airdrop that needs KYC. But there are ICOs I feel very good, good projects, I will still participate

anupaditya

newbie

Activity: 172

Merit: 0

These days in the cryptoworld KYC is made important in bountys and even in airdrops ! I do not prefer joining ICO with KYC because it takes a lot of time and it even not assures that they will verify it .

strtype

newbie

Activity: 59

Merit: 0

No, I am never sending my documents to anonymous projects, what is the point of anonymity if it's only the developers who stay anonymous. Better yet, why do developers need KYC to actually promote an anonymous project in the first place?

Topic: Do you join ICOs that requires KYC? - page 5. (Read 4513 times)