Team also needs to pass KYC - page 6.

thaliaand

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Literally, KYC means "Know Your Customer", so this term is not suitable. But I got what you mean by "KYC" for the team. I have not hear a global institution for this kind of matter, which is to regulate and as an intermediary between investors and ICO conductor. But there should've been local regulators who make such policies like the SEC. Some ICO reviewers have tried to do their researches to find out the team's background wether the ICO is legit or not, though can't be used as reference fully.

Sebas.tian

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Seems reasonable to me. If you want investors to trust you with their money, it makes sense that you should make yourself honest about your intention. Its a good thing that majority of ICOs right now have their team conduct KYC. To site an example, in icobench, you can see if a project team did a KYC.

Babayan

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Some team members should have a LinkedIn profiles, it is something like KYC for them. If they have a lot of connections - it is a proof of their identity.

vertinfos

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Quote from: Abal Abal on March 31, 2019, 06:40:40 AM

for me KYC for the TEAM project does not really need to be applied in a project. the most important thing is their performance, because it is more important in making a project that is highly qualified.

Now actually, the kyc team does not really help the project to achieve even a softcap , I think the ico should now be a product that will interest either the ico should go to the ieo and then the project will be successful

azalea69

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Who did the KYC team and it was reported to? if we follow the project automatically we have researched and know the team in the project, if it is not comfortable with the KYC system in the project it is better to avoid it. There are advantages and disadvantages if it is KYC, but this is the game that happens in every project.

Serco

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Quote from: madrogue on March 31, 2019, 07:38:04 AM

Quote from: r_delossa on March 31, 2019, 06:54:19 AM

I have already seen some ICOs where team members were anonymous and I skipped them. If you look at statics the most ICO projects that have unverified team members are likely to end up as scam or not to reach their funding goals.

Most of Team in ICO is anonymous . Not all investors know who are they and no one know who is real and fake team in ICO. So this is simple, if you want invest ICO you must hard to checking more information about that Team. Leave them if you think they are fake.

some ico review site request developers team to pass kyc too.i ever know this in telegram group channel.and also only trusted projects and developers that courage to open their identity.

madrogue

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Quote from: r_delossa on March 31, 2019, 06:54:19 AM

I have already seen some ICOs where team members were anonymous and I skipped them. If you look at statics the most ICO projects that have unverified team members are likely to end up as scam or not to reach their funding goals.

Most of Team in ICO is anonymous . Not all investors know who are they and no one know who is real and fake team in ICO. So this is simple, if you want invest ICO you must hard to checking more information about that Team. Leave them if you think they are fake.

Pattart

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Quote from: overnight03 on March 29, 2019, 04:00:50 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

It is a good and creative idea, which will increase the credibility of the project and attract more investors, projects that do not pass KYC will be judged to be of poor quality . I think projects should do that

Thats good idea, it will also reduce the scam project too. because people who have an open identity will not dare to commit massive
fraud. if a project does that, of course they will be more trusted, it will be an advantage for both parties

r_delossa

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I have already seen some ICOs where team members were anonymous and I skipped them. If you look at statics the most ICO projects that have unverified team members are likely to end up as scam or not to reach their funding goals.

Abal Abal

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for me KYC for the TEAM project does not really need to be applied in a project. the most important thing is their performance, because it is more important in making a project that is highly qualified.

altscaner

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Indeed, it should be like this because in my opinion, it is very fair and if something doesn't happen for example scam problems, hacking cases, etc. the team can take responsibility for that and some ico have done this by starting to do kyc on the ico review site by introducing their team and then following the blockchain event

Siren

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

You got a good point there mate this is my thoughts for long time now,as the system wasn’t fair for every hunters that participate and also the investors while the team behind the project is hiding from bogus personalities.yes its our rights to make a research before investior participating in IcO but this is much fairly for the benefits of all to test KYc of the team first then hunters and investors will come after

robelneo

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

They are already doing it via linking their linkedin account, that is why so many ICO are caught scamming people because they provide photos from Shutterstock and photoshopped pictures, but this is not a guaranty that they will not be going to scam people, I have participated in some ICO where the developers are verified and yet they run away.

Dervish doff

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I think, this is a very good discussion, as we know, that an ICO has its own law in running its business in the crypto world, sometimes there are KYC standards in its trading system, but some are not, but we are very sorry when we have been serious about giving KYC, they deceived us, both to investors and bounty hunters, so we must be careful in investing or take part in a prize promotion program that is bounty, carefully examine in detail, so that later our KYC is not misused.

Question123

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KYC is one of the problem right now in the project and bounty campaign. Many people conplain about it and they create an Idea why they only them are passing KYC but it's a good Idea now to show their Identity to us because it's not fair we pass our information.
KYC is means the projects once the investors see their names and information about them possible to become successful because we feel that our money is safe.

shesheboy

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Quote from: Golftech on March 31, 2019, 04:58:17 AM

Quote from: Koadharber on March 31, 2019, 04:36:09 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Performing Kyc for the team behind the project is very important because that is their proof of legitimacy without KYC the project will be very suspicious, and also no investors will invest in a project if the team behind is hiding their identity because investors will check their identity first before they invest.

If developers can do this, investors will easily get interest to check how the team can perform and how well they will proceed and make things possible for the project, they are giving information about their identity and investors and bounty hunters will do the same.

What if they will use fake kyc and then they will still scam people ? Its possible nowadays to pay and use a third party kyc service . ico scamming is really hard to combat . joining them is like a gamble but anyway i heard that there is a new a trend in town called ieo . alot of people are saying that this is more better than ico because its safe .

Golftech

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Quote from: Koadharber on March 31, 2019, 04:36:09 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Performing Kyc for the team behind the project is very important because that is their proof of legitimacy without KYC the project will be very suspicious, and also no investors will invest in a project if the team behind is hiding their identity because investors will check their identity first before they invest.

If developers can do this, investors will easily get interest to check how the team can perform and how well they will proceed and make things possible for the project, they are giving information about their identity and investors and bounty hunters will do the same.

sirohige

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Quote from: Koadharber on March 31, 2019, 04:36:09 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Performing Kyc for the team behind the project is very important because that is their proof of legitimacy without KYC the project will be very suspicious, and also no investors will invest in a project if the team behind is hiding their identity because investors will check their identity first before they invest.

indeed KYC is an indispensable method of being able to see they are real people or they are fake people, but this KYC method can be very dangerous when your identity can be known by many people and it will make yourself a target of crime, it can happen if the identity you fall in the hands of a bad person.

hongus

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Quote from: Koadharber on March 31, 2019, 04:36:09 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Performing Kyc for the team behind the project is very important because that is their proof of legitimacy without KYC the project will be very suspicious, and also no investors will invest in a project if the team behind is hiding their identity because investors will check their identity first before they invest.

Yes, everything is simple. Want to collect dough. Start your open YouTube. Go through Kyc and you will have everything. Give the opportunity to visit your project. Let's say open day. And the fact that people even the site can not do.

Koadharber

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 08:43:59 AM

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?

Performing Kyc for the team behind the project is very important because that is their proof of legitimacy without KYC the project will be very suspicious, and also no investors will invest in a project if the team behind is hiding their identity because investors will check their identity first before they invest.

Topic: Team also needs to pass KYC - page 6. (Read 1062 times)