Topic: Team also needs to pass KYC - page 2. (Read 1062 times)
Today, using the KYC process as well when using ICO, many people have already begun to ask themselves. Why KYC is given only by investors. Why the development team today is not handing over KYC, this is not correct.
You have a good point, this is totally the first thing to do in order for the investors and community supporters will support every project.
But sometimes, few investors were being tricked by fake identities. Therefore it is very important that the crypto community will create a solid verification protocol in order to avoid any fake identities that can pass the KYC process.
Though there are plenty of projects also that succeeds even though the team behind the projects are anonymous. I guess, KYC will be necessary only to those projects who have a team that didn't want to be anonymous.
The ICO team cannot be anonymous, because, as it is, investors actually take their word for it, do not see it, and in most cases cannot verify the reality of their project. If they still don’t know to whom they send their money, they will not even have anyone to complain about if they are deceived.But sometimes, few investors were being tricked by fake identities. Therefore it is very important that the crypto community will create a solid verification protocol in order to avoid any fake identities that can pass the KYC process.
Though there are plenty of projects also that succeeds even though the team behind the projects are anonymous. I guess, KYC will be necessary only to those projects who have a team that didn't want to be anonymous.
The crypto community also cannot effectively check the ICO teams for possible fraud on their part, since the ICO team in this case reveals only the information that it considers necessary. The most effective in this case will be only the state regulation of ICO activities from the place of their registration. The relevant state bodies will be able to verify the original personal documents of the ICO team and everything related to this activity.
Need to pass kyc is the best way to earn more opportunities because most of the people really wanted to see if the team get kyc ed.
Because most of them are always try to avoiding such procedure and we must complain for them to pass KYC procedure to prove if they are a real team that we can trust them all or not and this is a really important thing at all.
First of All, blockchain has to do with anonymity, Why then the whole saga of kyc?
If KYC is for customers, why should bounty hunters go through it?
The role of a bounty hunter is to help the project come to lime light by promoting them through various medium.
At the end ,instead of paying, they bring stringent measures to make bounty hunters to still fail the kyc after submitting their kyc documents.
All to keep the token for themselves after your hard work.
If the Team is to do kyc, who would check them?
If only there was a way to stop this kyc saga.
If KYC is for customers, why should bounty hunters go through it?
The role of a bounty hunter is to help the project come to lime light by promoting them through various medium.
At the end ,instead of paying, they bring stringent measures to make bounty hunters to still fail the kyc after submitting their kyc documents.
All to keep the token for themselves after your hard work.
If the Team is to do kyc, who would check them?
If only there was a way to stop this kyc saga.
Need to pass kyc is the best way to earn more opportunities because most of the people really wanted to see if the team get kyc ed.
You have a good point, this is totally the first thing to do in order for the investors and community supporters will support every project.
But sometimes, few investors were being tricked by fake identities. Therefore it is very important that the crypto community will create a solid verification protocol in order to avoid any fake identities that can pass the KYC process.
Though there are plenty of projects also that succeeds even though the team behind the projects are anonymous. I guess, KYC will be necessary only to those projects who have a team that didn't want to be anonymous.
But sometimes, few investors were being tricked by fake identities. Therefore it is very important that the crypto community will create a solid verification protocol in order to avoid any fake identities that can pass the KYC process.
Though there are plenty of projects also that succeeds even though the team behind the projects are anonymous. I guess, KYC will be necessary only to those projects who have a team that didn't want to be anonymous.
Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?
I think so, core team of the ICO should have done KYC. This is good for them too, because investors will come to buying their token if they passed KYC.
That's why on some ICO rating sites, there are some KYC procedures for the team.
If hunters must submit their identity to complete KYC, why the team not ?
We need responsibility for people who are trying to raise money for the development of the project. That KYC can really bring it all to clean water. Therefore, I can confidently state that KYC is necessary for developers.
Yes, there are certain bounties who are in need to pass a KYC. I think the KYC is good because you will really know who are the members and the KYC also gives a bonus or merit to your bounties. Even a KYC has a long process but for me it is more safe to have a KYC in a bounty.
Yes, I agree that the Team behind their ICO must pass KYC. So we know they are very real and we can also see their track record. And this looks very fair because bounty hunters also do KYC. So that everything can be transparent and this will reduce fraud.
It is very important they do, I wonder why they want to remain invisible to us and wants us to be visible to them, if any project does not have any hidden agenda or fear of failure for their project, I see no reasons why they should have any problem disclosing their identity to us too. They need us more than we do, we own our money and they are the ones that need our money to develop their projects. Projects doing KYC will also assist every investor to really know those they are dealing with and do proper verification on them using their details before getting involved in their projects.If we are talking about the state, then at least in serious states where they cannot escape from justice.
And not in any offshore zones, ofc!
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Yes, I agree that the Team behind their ICO must pass KYC. So we know they are very real and we can also see their track record. And this looks very fair because bounty hunters also do KYC. So that everything can be transparent and this will reduce fraud.
It is very important they do, I wonder why they want to remain invisible to us and wants us to be visible to them, if any project does not have any hidden agenda or fear of failure for their project, I see no reasons why they should have any problem disclosing their identity to us too. They need us more than we do, we own our money and they are the ones that need our money to develop their projects. Projects doing KYC will also assist every investor to really know those they are dealing with and do proper verification on them using their details before getting involved in their projects.
I strongly agree that the ICO project team must pass the KYC test, because indeed there are very many frauds under the guise of ICO projects which are detrimental to investors and bounty hunters, not only investors and bounty hunters must pass KYC, the theme behind the ICO project must pass KYC
You are absolutely right, but who can force the project team to go through KYC if the market is not regulated. when the regulation will come - then it will be possible 
Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?
Everytime we support a project or joining a bounty campaign, some projects requires KYC before joining in their programs. For me, it is a good idea if the development team will verify their KYC first, so that we supporters will have assurance from their project. Mostly, the info about th team is in their website but there are times that some platforms are having some fake identity in their web and even in their social medias. Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?
this is absurd, how will team pass kyc? Who will conduct the kyc and verify it? This is a very funny topic. Well that's why regulations are need to scrub out the bad guys from the business. Kyc can only be done in a 3rd party websites like icobench etc
I strongly agree that the ICO project team must pass the KYC test, because indeed there are very many frauds under the guise of ICO projects which are detrimental to investors and bounty hunters, not only investors and bounty hunters must pass KYC, the theme behind the ICO project must pass KYC
I still can't believe people agreed with this. I mean, do you guys want your own KYC and your identity published to public? So people know your identity, you want that? Nope right? Then why the team needs to pass KYC to the public lol. Also KYC is for customer though.
I think this is a good idea. Atleast the scammers will have a fear and before starting any project they will think twice. If the team is not fake , they will surely support KYC as they will truly want their project to execute.
Remember that we are in a virtual world and anyone can pass fake KYC specially the Dev and Team since they are tech persons and has a mechanisto make things possible and sometimes even the impossible
But this is enough reason for us investors and also a bounty participants to have basis finding whats true and false regarding the people behind each project we were getting in
I don't know why we worry ourselves on why team has to go through KYC, well to me they are in charge and their personalty would have already being verified. Sincerely, the KYC they introduced was suppose to be for our safety. Eventhough, i don't also want it.but it helps to verify the authenticity of participants and thereby reduce scam.
Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?
I want this to happen and not just a simple KYC for them, they are about to get a huge amount of money to people all around the world.
They should have their KYC and permit to be regulated. this is for the best safe of everyone.
Also they must be the one who must be in charge if there will be a leak on the documents to be pass on them.
I think this is a good idea. Atleast the scammers will have a fear and before starting any project they will think twice. If the team is not fake , they will surely support KYC as they will truly want their project to execute.
Can't assure that, scammers will do their best just to collect money from Target investors, we do cater KYC as it's needed to participate to a certain projects even without any assurance from the team behind, if they showed their true identity with legit background checks it will give some good breathing from the investors.KYC of the team behind with legit information will add trust and confidence from the target participants.
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