Topic: KYC for ICO, is it good or bad idea? - page 12. (Read 2017 times)
First of all, you should definitely understand that KYC was created only for verification of people who invest in cryptocurrency, and here you need to understand that this is not just that, but for togo people who do not understand what they are doing.
If the ICO project in which I invest will require to pass the KYC, then I will do it, since I chose this particular project. Providing your data to airdrop and bounty companies is complete nonsense. Okay, I'm ready to take the KYC with the bounty companies, but airdrop???
i got many scam airdrop and get trash token, they just need my infomation with my kyc, their token will never listed on any where. 
Although there could be some good reasons for the developers for the need of KYC in their ICOs, still I think this will scare a lot of investors knowing their personal information will be surrendered, and most participants in crypto prefer to be anonymous.
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP, use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
Do you think this is a good or bad idea? Express your opinion.
Great idea! I am ready to support this in every way!
And I even got into it. In the thread of one of the projects, I doubted the identity of his representative. And then he (the founder of the project) posted here, on the forum, his photo with a sheet with the current date (just as it is demanded of us). These actions of the project founder immediately removed many questions about the credibility of the project.
Nothing is absolutely good or absolutely bad. KYC has a great effect on preventing scam and crime, but at the same time KYC also makes our privacy unsafe. Our KYC information is likely to be used illegally by some scammers.
For now, I think it’s obviously more important to protect personal privacy.
For now, I think it’s obviously more important to protect personal privacy.
I don't think it's necessary, and I hope that there is no more KYC in ICO and bounties, remember that privacy is important so KYC's presence actually makes investors and bounty hunters unwilling to participate.
For me, KYC is not helping an ICO to improve their system or avoiding double entry on such bounty because there are some ICO putting their personal data (their team) to encourage investor that they are true and legit. But after the ICO ends, the team will suddenly gone and no more conversation afterwards.
Everything have its pros and cons but KYC is coming to stop illegal money to comes to the market and through KYC, every ICO company knows who is investing their funds and if any authority ask them about it, they can show the investors details. This will stop money laundering in this market.
I think if this is used for bounty hunters maybe with kyc and our personal data they can get them to sell to people who need it for what it is but if we sign up for gifts and do kyc it will risk our data and information leak and those who share it get profit
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP, use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
I guess the point you are trying to drive at is making ICO CEOs to provide their personal details to the public in order to make investors to have more confidence in them.Do you think this is a good or bad idea? Express your opinion.
Most projects provide some details of their CEO, team members, legal advisors and other advisors. It's just that most of them are fake and impersonating.
The only way you can detect this, is to do an intensive study on the team of such ICO.
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP, use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
Do you think this is a good or bad idea? Express your opinion.
I can't see anything wrong about it because it is just a way for every bounty campaigns and projects to know their costumers well. It is important that they will have enoug information about their costumers for security purposes. It is also for our own good.
KYC can reasonably avoid some money laundering criminal activities and avoid conflicts with some national laws prohibiting crypto. Therefore, KYC is necessary for investors, but I think KYC should set an investment amount standard ，for small ICO Investors do not need KYC, KYC is only for large investors.
This is a very, very bad idea kyc nobody likes. Kyc must pass current investors who make their money and not bounty hunters. Unfortunately, these projects are not understood and ask for kyc at every opportunity.
In the case of investors, KYC makes sense because it is intended to prevent money laundering or other criminal activities. However, passing KYC by bounty hunters is pointless. They receive a work reward so they do not invest money directly in ICO.
KYC is the best way to buy or sell, even register in the market in my opinion because if at any time in a regulatory country about in the world of cryptocurrency is getting tight then the company is ready for a database of all users if the government asks for evidence...
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP, use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
kyc for ico? , if I think it's a bad idea. Why? , because the kyc is our personal information, for a bounty or airdrop, there is no need for vertification of kyc, because we also don't know whether the ico can maintain the security and confidentiality of our kyc Do you think this is a good or bad idea? Express your opinion.
To be honest, I very much doubt that someone will check this information in the near future. But the fact that certain fiscal services have the opportunity to learn about your assets confuses me personally
This is a very, very bad idea kyc nobody likes. Kyc must pass current investors who make their money and not bounty hunters. Unfortunately, these projects are not understood and ask for kyc at every opportunity.
To make both sides feel safe it is necessary to use some sort of system, for example CIVIC or Traceto. Investors will have a guarantee that the project coming to the ICO has been tested by a team of qualified experts and the organizers of the ICO will have fewer problems with the KYC. Both sides win.
This is a bad idea, but it is needed in ICO. I think there should be an independent authoritative service for KYC, I do not want every project to trust my personal data, now there are a lot of scammers who sell personal data.
I agree with the kyc strategy if it is only a legit campaign,i will support and give some of my informations..,just be sure in everything you do for you not to be scam of.
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