Topic: KYC for ICO, is it good or bad idea? - page 5. (Read 2031 times)
The idea is good. It is a pity that it will be extremely difficult to bring it to life. Now the ICO developers allegedly do not hide their identity,but they often use data from other people.
For me it is definitely good idea, because binance and other huge exchanges require passing KYC.
That's why I follow such ICOs
That's why I follow such ICOs
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Some investors always wants to be anonymous they don't want to share their personal details but nowadays many project developers are asking KYC because of policies of their countries and they need to comply with them and we have no choice to give them instead. But we can expect KYC procedure for investors certainly build some confidence in the investors mind. It shows some genuity of the project to some extent. I believe it will be helpful to reduce some frauds and as well increase the percentage of successful projects.
Then the problem arise from the project itself, is it worth it to hand our important data to stranger which we dont know? KYC exist to prevent money laundry and it's not wrong ofcourse. but, we need to look further into the credibiity of the project so that we can be sure our data is not fall into unresponsible stranger's hand. 
Some investors always wants to be anonymous they don't want to share their personal details but nowadays many project developers are asking KYC because of policies of their countries and they need to comply with them and we have no choice to give them instead. But we can expect KYC procedure for investors certainly build some confidence in the investors mind. It shows some genuity of the project to some extent. I believe it will be helpful to reduce some frauds and as well increase the percentage of successful projects.
I still don't understand why ICO requires kYC specially for bounty hunters or even investors. So I'm totally against it, what would happened to your personal information after the ICO itself? Will the ICO destroyed it or will they keep the data for later used? Its a bit scary so I'm really not comfortable with it.
I think KYC for ICO is very bad idea. How many final products do you know? why must I send docs then?
Which is more reason research is very essential. Then cryptocurrency operates in a decentralized manner, why then the need for KYC.I am not saying a no to KYC, but any project demanding for KYC must be ready to prove the project is genuine and that the project has every legal backing to demand for such.
I am not a pro KYC bounty hunter because even if bounty hunting doesn't involve money, my identity and personal information is more worthy than for me. I have read about how scam ICO's are using KYC documents as their way of earning profit by selling it to someone.
It is like the blunder. Because it has both good and bad sides.
Good, it will reduce the spammer. It is also used to measure and determine that someone is available to participate in the ICO or not.
Bad, sometimes, it is very crucial to hide our identity because it should be anonymous. So, there is also worries that our id will be secure or not.
Good, it will reduce the spammer. It is also used to measure and determine that someone is available to participate in the ICO or not.
Bad, sometimes, it is very crucial to hide our identity because it should be anonymous. So, there is also worries that our id will be secure or not.
IMO, KYC and ICO are only needed for investors, not for bounty participants because the number of Token for sale accounts for 60%, and bounty is always less than 5% of Total Token Supply. Therefore, KYC should only be applied to those who buy Token directly from ICO projects so that one person can buy too many Token at the same time.
Most ICOs require KYC/AML and this must be completed for you to be eligible to invest in their project. This is because residents or citizens of certain countries like China, USA, etc are usually exempted from participating in most ICOs, so in order to ensure there are no violations of the rules, KYCs need to be done. Also, projects do it for fear of the SEC and I think it's a good idea, in order to run into trouble with them.
I believe that KIS is not needed for ICO and its application is a bad idea. I think that KYC is harmful for cryptocurrency
I don't think so. KYC is the way to filter scammers on the forum, since we are already flooded around by them. There is a big money in here and they don't want scammers will survive that's is why they set-up these especially for investors. 
I think that's a very good idea. but I doubt that KYC will scare away the scammers. They will not be difficult to forge documents and find people who will play the role of developers for money.
I believe that KIS is not needed for ICO and its application is a bad idea. I think that KYC is harmful for cryptocurrency
I don't think so. KYC is the way to filter scammers on the forum, since we are already flooded around by them. There is a big money in here and they don't want scammers will survive that's is why they set-up these especially for investors.
I believe that KIS is not needed for ICO and its application is a bad idea. I think that KYC is harmful for cryptocurrency
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 is used to find out investor data, I think it's only difficult because KYC can be made easily without having to be right with the real data themselves Do you think this is a good or bad idea? Express your opinion.
I think KYC for ICO is a bad idea. because the project management does not give information about themselves but only collect it from investors and it is unknown how they use this information. confidentiality is violated.
I think KYC for ICO is very bad idea. How many final products do you know? why must I send docs then?
If you don't want to send personal information to KYC, then you don't need to pay attention to that ICO. You should only KYC and participate in that ICO if you trust and evaluate it as a good ICO
I think this is a very good idea. Before posting about holding an ICO, you can not only throw off your documents, but also confirm your identity through a webcam. Only in this way we can keep investors and attract new ones.It remains to find those responsible for this work.
This is a good way to identify real investors from the project team so that they can easily reach out to investors. It does not take long for people who do not want to invest in their project
I think KYC not only an advantage but also disadvantage. KYC project both safety and violation of privacy. In the world of cryptocurrency, it is hard to imagine KYC to interference.
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