Topic: KYC, during or post ICO? - page 2. (Read 540 times)
In my opinion, KYC is necessary for investors because the number of open Token accounts for more than 60% of the total token supply. Token for bounty only accounts for less than 5%, so KYC is not necessary. Therefore, only KYC with investors, bounty, and airdrop members are not needed KYC to get Token.
KYC is very important in ico if you understand the project accept the ico otherwise reject it
for various reasons and the most important protect your money, it is better to pass the KYC before, but only if the ICO and its representatives are reliable because it can be a network of scammers, do not upload your personal documents to any ICO, find out first, inform yourself and make sure of what you do, cold mind on that.
KYC or Know Your Customer is one of the good way to identify if some ICO are legit. Passing in KYC is also depends on yourself if you you are already trusting the ICo or do you believe in the potentials of the project you can do KYC without doubting. Because KYC is for unti laundering activities that's why it is legal methods of entering you details in their projects.
What is the pros and cons of doing the KYC during the ICO or post the ICO?
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
depends on the project, some project are not worth to be trusted in releasing your personal details because to any project that will request my details is not a good project. why do they need your document or ID or is your details more relevant to them or what. i do select some project that doesn't required any KYC.
What is the pros and cons of doing the KYC during the ICO or post the ICO?
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
There are no pros and cons about KYC when it is required by ICO. It is officialy required by the government and ICOs need to be legit. Because if you would like to create a big project witg a big solution, then you do not want to risk any problems with governments. You know?I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
KYC should be announced in the start of the ICO so all would be aware.
Doing KYC is just like giving out your information to a random person and also letting the government know that you are holding something and at what amount. The government has become strict and according to the regulations imposed by them, most of the ICOs now will need their investors to fill the KYC forum. If it is a legitimate ICO there is little to no danger at all (unless you get paranoid about giving out your information), but if it is a scam ICO, you better be prepared to face the worst. Those scammy ICO might end up selling your ID and you might become a victim of identity theft.
I prefer ICO who asked KYC at the beginning, because if KYC followed for a while or waited until the distribution of tokens, sometimes my KYC was rejected for various reasons, and this was very detrimental to me
KYC, short for Know your Customer, is what businesses need to do in order to verify the identify of their clients. Usually, it is required by financial institutions like banks, credit companies and insurance agencies of their customer to ensure that the latter is not involved in any financial crime. But I would rather that ICO companies require this BEFORE, not during or after ICO to avoid troubles on the part of the investors. Com'on! Investors threw their hard-earned money into the ICO, then for the reason of not passing the KYC procedure, they simply can't get the tokens which they purchased. Isn't it fraud? Then why not conduct the KYC before doing any business with them? If they fail, then at least, the company doesn't owe them anything. Yeah! Companies do refund, but the effort, the time and the expectation that they're getting the token they want, then all of a sudden, they couldn't. Isn't it annoying?
kyc suppose to introduce before the commencement of a project not in the middle or at the end of a campaign
What is the pros and cons of doing the KYC during the ICO or post the ICO?
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
No problem if some ICO make you to fill KYC. Its just step. You just fill, but no fill everything. I mean dont fill something about your privacy
If you show any interest towards the projects for investment then definitely we have to send the document for KYC verification otherwise, we cannot able to purchase those coins. We have to check with the company whether the company has the ability to secure our data in the long term, if they are safe means then we can start uploading them without any hesitation.
KYC, no advantage, you cant find if they not real.
What is the pros and cons of doing the KYC during the ICO or post the ICO?
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
There are no pros and cons about KYC when it is required by ICO. It is officialy required by the government and ICOs need to be legit. Because if you would like to create a big project witg a big solution, then you do not want to risk any problems with governments. You know? I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
When requesting KYC in a campaign, I was sure it was a highly demanding campaign and a difficult level to enforce identity verification. Not necessarily a bad thing but it will take time to register for this one too.
Just making you fool showing legal way.
What is the pros and cons of doing the KYC during the ICO or post the ICO?
I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
I think that the pluses are only that there will be fewer bots and multi-tanks. I've participated in many ICOs, some of the force you to do the KYC before you can buy their tokens, others they wait and later send you a KYC email/request. so i am wondering what are the pros and cons of each approach
asking you to do KYC before you buy is straight forward and an honest way . But asking for KYC after you send them your money is kinda tricky and I do not like this way of dealing, Unless it was not planned and they kinda forced to do it which is so rare, any project should be aware and prepared before they start their ICO .
Of course, the conditions for the sale of new tokens in the course of the ICO should be agreed upon before the conclusion of the agreement and the sending of their money. Therefore, any talk about the need to pass a KYC check after agreeing positions and sending money is already like fraud.With respect to the participants in the ICO generosity campaign, the requirement to pass a KYC test is generally illegal both during and after the ICO. We do not need to pass such a test, because we are not investors in these ICO projects.
In good projects, you usually have personal accounts . And after you receive the cryptocurrency to your account, you will be able to fill in the KYC before withdrawing funds. I think that's right.
KYC is needed to know the identity of the token owner, so that the token is not easy to be owned by a scammer. but there is no guarantee about the data we send. I am afraid that data will be misused and used for other purposes.
better be careful and ask the ICO team about data security.
For sure they will said that your identity is secured but I think you still need to be careful. ICO is risky nowadays since most of them are just scam, so if the project is asking for your ICO make sure its legit. Its good to be more secure than to regret it. better be careful and ask the ICO team about data security.
Jump to: