Topic: KYC for ICO, is it good or bad idea? - page 10. (Read 2017 times)
I think is not bad because some of ICO need to protect their token or their project to some abuser that's why investor need to pass kyc even bounties now have to pass the KYC so cheaters can't get any reward.
I think it would be one more obstacle to drive away potential investors, remember that most investors appreciate cryptocurrencies for their anonymity, and when you take that away, there is no longer much difference with the stock market, at least in the financial area, so I think it can be something harmful to the ecosystem.
Of course the project required KYC. But bounty hunters don't have to. Only now a lot of participants who are dishonestly conduct business on several participants on themselves, so KYC is needed to better receive awards.
Majority of the replies I have seen in this similar KYC posts have never supported it. That means it is not a good idea. The majority of the people against it can't possibly be wrong.
I agree with you and it seems to me that this is a very good idea that will bring confidence in the project team to the ISO process. What is happening now in most iso projects is a scam. Investors do not know anything about the team, only their photos on the main page or the pages on social networks that may be fake.
But I also do not understand those investors who give their money to such and projects.
But I also do not understand those investors who give their money to such and projects.
Same here, it needs to to KYC for ICO so tbat you will be able to function normally and think critically. That is the most important part so that you will be guided and know what are the do's and don'ts because you are in the process of getting to know and you can gather more investors to come with you all along.
I agree with the fact that there's need for KYC in most ICO's today. Take a good example with our traditional financial institutions (banks) who mandatory carry out KYC exercise for all her customers. So KYC helps to prevent Bot from participating in ICO because there's always that one Whale who might probably want to buy everything and then dump once launch in exchange. KYC is good and I support it.
I think that KYC for ICO is a bad idea and many projects have lost their investors because investors are not going to disclose information about themselves
I think it is a bad idea to have a KYC procedure in a decentralize world of cryptocurrency. Giving your personal information to unknown people will compromise your security. You are also not sure if those who collect the data are trusted or not because selling personal data in the darkness is rampant.
This is a good idea, but only if we are sure that our personal data will not fall into the wrong hands, otherwise it is quite dangerous.
KYC project both safety and breach of privacy. In the decentralized world of cryptocurrency, it is hard to imagine KYC to intervene.
I don't like the idea of KYC in cryptocurrency. All its meaning is lost, she has to be anonymous and decentralized.
Personally, I prefer to sidestep such projects that introduce a system of identity verification. Cryptocurrency is first and foremost the anonymity of anonymity but what if we give them our data?
I believe that KYC makes sense for investors, but it is not necessary for participants of generosity companies, we don’t invest our funds here, but try to earn them, now the sale of documents for KYC is gaining momentum.
I really like it you must pass your kyc before you will be accepted. Why because a lot of people are now faking things using many accounts to do one particular tasks which is bad.
KYC is only needed by those who plan to fraudulently manipulate our data in the future. In the future, when accounting and payment of taxes begins, then KYC will be necessary. KYC is currently a useless thing.
ICO is the most important part of this project, so I think this is not a problem if the project uses KYC. I think this can be said to be necessary and can be said not because the most important is the funds that come in and how many investors join, not who the investors are. but if done I think there will be a reduction in investors because not all investors like to be complicated.
Those who promote the business always want to keep multiple accounts in their business. KYC is very important for any company, so that multiple accounts are not encrypted by multiple accounts. You can not found multiple accounts of people without KYC, so if KYC is not possible for a person to make multiple accounts, I think KYC is a very good system for which companies are a good company.
ICO's that needs KYC for investors hmm.. I'm okay with that, but KYC for bounty hunters it is not good idea, I don't know why they need that for bounty hunters, I don't want to join bounty campaign that needs KYC.
Here, of course, a double opinion about KYC. On the one hand, this is good for the project from the point of view of legislation, on the other hand, not every person wants his personal confidential information to be used somewhere. I am more against KYC than for him
It actually depends on the project and yourself as an individual. These days as a result of some regulatory policies, so many projects are required to conduct KYC, what is important is to try and make sure that the project you are investing in is legit and you have nothing to worry about your data being sold to the black market. Yeah, we have heard of some cases before in which KYCs were collected and sold on the dark market. For the most part, if you are not comfortable with KYC, just wait for them to get listed on an exchange and if it is a project you believe in its long term growth, then go for it.
I think KYC has both advantages and disadvantages. For hunters, KYC is an extra step, isn't it? But for the project, KYC can effectively prevent the emergence of fraudsters!
KYC plainly has an advantage on the regulation aspect as the essence is for Anti Money laundering. KYC is not bad at all, and I have never had any problem with it, the only problem anyone can have is to end up dropping their KYC to scammers who could sell them and at the end of the day still lose their money. As long as you do your own due diligence, you know it is a project worth investing in and you are so certain of the growth potentials in the long run while taking advantage of the ICO bonuses, I really do not see anything wrong with having to do KYC in such cases.
just some ICO now good on some rated site
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