Topic: KYC, during or post ICO? - page 4. (Read 540 times)
If the project is legitimate, due diligence, then kyc. Especially for private networks or anything that is sensitive like finance and healthcare.
project owners have to make KYC so that they can be officially done. I understand that and I trust the eger project I will join ICO KYC is not a problem to pass. Do not give out your credentials if you have something to lose and believe that eger project may be scam. but I know that they will not be able to harm me with my information. I think you will have to go to kyv but all of them will do kyv later.
usually according to experience I have ever got you can do KYC when you register to become an investor after that you are usually asked to provide your information to do KYC so at the same time when ico takes place you can verify KYC.
Hunters behind their heads need to ignore ICO, where we are required to undergo a KYC check. We are not investors in ICO projects and therefore we should not pass such an audit. They must be required to confirm such a right to be examined against us, and if such a requirement is made without warning after the end of the ICO, then send them other people's data.
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
In relation to investors ICO, here it is necessary to decide for each person how to act in a particular case. If you need their new tokens, you can wait until they are listed on the stock exchange and fall in the price, then buy them without any KYC checks.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
As for the participants in the ICO generosity campaign, such a KYC check on them is not legal at all. We are not investors and therefore there is no need for us to conduct such a verification. The ICO teams here either are reinsured, or they want to get your identification data and run away with them and the money collected, or if such a claim is declared after the completion of the ICO, in order not to pay the tokens earned by the hunters.
When joining AIrdrop, we will do KYC before, But with bounty campaign, we will do KYC after finishing the 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
kyc are required to get to know investors better, there are also some big exchange that doesn't not allow listing of tokens that does not do kyc for their ico, I guess that's the reason why majority of ICOs are requesting for kyc 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 it's better to pass KYC right away, before investing in the project. To be sure that you are allowed to this project, and do not lose your investment. There is also a problem with the passage of verification after the ICO. Trivially, you can skip the announcement of the passage of KYC and the problems will begin.
Some ico programs that participate in the program they need to request clients or members of the KYC family that are related to the identification of the individual is somewhat reduced to cheating.
You can do KYC when ico takes place and it can also be done when ico is finished because there are several ico founders who provide KYC opportunities like that for investors.
Personally I do not support KYC. It is like a centralized feature for me. We don't need something like this in Crypto space.
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
You can get your reward token if you pass the KYC... while they have your personal identity that can be use for them to other transactions or sell them to the black market. We can't trust them if they will keep safe our personal data. 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
For me I don't see any Pros in giving KYC informations, while there's a lot of Cons in giving that sensitive information. The thing is those information can be used in illegal activities, keeping that sensitive information is hard and scamming can easily be done using your own information with them. There's a new innovative way on dealing KYC right now, I know some platform that will handle KYC applications to any ICO you'll join in an encrypted form. One of them is menlo.one and civic.
valid point, thanks
To me doing KYC after ICO look like scam, what if an investor don't pass it will they return his fund. KYC before ICO looks more professional
There are people who have a little bit of stress because they are afraid that they will steal their credentials and pass the frauds in different places, so be careful or regret it
For me I don't see any Pros in giving KYC informations, while there's a lot of Cons in giving that sensitive information. The thing is those information can be used in illegal activities, keeping that sensitive information is hard and scamming can easily be done using your own information with them. There's a new innovative way on dealing KYC right now, I know some platform that will handle KYC applications to any ICO you'll join in an encrypted form. One of them is menlo.one and civic.
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
Either which ways it would be still similar because you would still be asked to sent out documentations either earlier or later when you participate an ICO. This do only depend on how the team would implement or tend to ask such verification. The cons only is that when you tend to invest without even knowing that there would be a documentation submission later on and you do already sent out the money you tend to invest. 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 this days are scary. Loads of ICOs required KYC. but it is also a sure way to prevent Multiple accounts and scammers. it is Good.
I think kyc should be recommended at the beginning of the project not the middle or at the end of the project
why? what's the main reason for your answer?
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