Team also needs to pass KYC - page 8.

raven7886

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Quote from: Barbut on March 28, 2019, 07:14:30 AM

Team should present each member the best they can. They don`t need simple KYC, they need to do
much more than that. Presenting their past achievements, what school they finished, where they worked,
to say complete CV.
KYC is a simple thing, team behind serious project should present their members much better, if they
didn`t they are not so serious, their project doesn`t have bright future.

It is a good way to go about selecting good project after all they need investors more than they need them because they are the ones that needs fund to build something that will give them a good future. The only setback I see in this is the implementation, since there is no body controlling them, the only thing that might force them into this is when a project practice this first and the response of investors to such project will ginger the rest to do so, otherwise, they will end up just seeing this and overlooking it.

We really need to know the team behind each project since we cannot travel away from our location to go and verify them in person but at least, their information will still help a bit.

GregH37

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

KYC in ICO to me is just a waste of time and I will always pass once I see that it is the people who purchase a coin actually have to go through the KYC process.

The team in charge of this project are very much unknown by the investors and this is the main reason why KYC in ICO project should be done by the team involved in the project and not the investors since the method of payment is just cryptocurrency, KYC should only be carried out if users are going to make use of fiat in any way for purchasing tokens.

pinoycash

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Quote from: Jack_Sin on March 28, 2019, 12:16:36 PM

KYC is only applied to investors and sometimes to bounty hunters but I know the purpose of your complaint, often on a "scam association" thread board finding a number of projects with fake teams, they continue to operate ICO for ICO to cheat investors because there is no monitoring, there should be a kind of institution that gave ICO permission so that team data was recorded

ICO Bench are offering KYC to ICO Project owners but still we are not sure if its a real KYC procedure or they just ask ICO owners to submit a valid ID or passport without further deeper research and evaluation.

Jack_Sin

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Activity: 548

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KYC is only applied to investors and sometimes to bounty hunters but I know the purpose of your complaint, often on a "scam association" thread board finding a number of projects with fake teams, they continue to operate ICO for ICO to cheat investors because there is no monitoring, there should be a kind of institution that gave ICO permission so that team data was recorded

MOProgress

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If must say, it is very necessary for a project team to pass KYC and also make their profiles public, that can build the confidence f investors.

cribusen

copper member

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I am pretty sure that such a process is a must for every team that wants to lead a good project. Without legit team members, the project can turn scam in every moment, so if there is no real team I will never invest in such project.

hotimbineh

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Quote from: petermike on March 28, 2019, 10:15:15 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

I realize that this view is very good for investors and bounty hunters can avoid scammers. When the KYC form is applied to Teams, we look forward to your opinion will take place in the next coming time.

this is a brilliant idea .....
and of course the project team will not be afraid if their project is real and perhaps by applying KYC to the project team will make investors not hesitate to join their ICO

petermike

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

I realize that this view is very good for investors and bounty hunters can avoid scammers. When the KYC form is applied to Teams, we look forward to your opinion will take place in the next coming time.

Script3d

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Activity: 1232

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

I think ico rating websites are doing KYC for the members of the team, it will also go to the rating if the team is real, and they would say if a team member didn't pass the KYC, but i don't know if those information should be trusted.

ven7net

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This is a really good question. But of course KYC for the ico team does not need to be passed, but it would be correct to provide as much information about yourself as possible with confirmation. And it turns out ico appears and there are just the names and photos of the team, often that are taken just from the Internet or social networks and are not real. I would suggest to check ico initially before posting information about it on information resources. For example, the creators of ico should check for fraud and get a badge of honor, which would be installed on their website. Then, if there is such a sign, one would understand that ico passed the test and is not frankly fraudulent. I think that would be right.

MisterLangley

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The biggest prize in a KYC project is playing someone who is not included in the investor who will always be asked on the website, maybe all the rights for the future don't play behind the hunter

ethereumhunter

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If the teams can pass KYC, then the project will look legit projects and there is no worry for the investor to give their money with the project. And if the teams have run away, the investor can report them to the police or another institution so they can investigate them. I think this will reduce the scamming from the project itself and it will make the ICO will be better, and the chance for the ICO to reach their goals will be open.

jhongzjhong

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Quote from: Tahdayi on March 28, 2019, 08:59:49 AM

Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

If the project is honest, then of course it must pass kyc , I think it can reduce the Scam with ico , but although it will not help much in the ico fees since this kind of collection dies

You cant conclude first if how honest is that projects without searching documents that they have. It must be a not unknown team and the publicity to their team was in public open. However, we don't need to worry if we pass KYC/AML to that project if we are done the searching and us confident enough how legit they are. That implementation will help abusers, scammers and other fraudulent work that can be lead the project dragging down.

Tahdayi

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Activity: 350

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

If the project is honest, then of course it must pass kyc , I think it can reduce the Scam with ico , but although it will not help much in the ico fees since this kind of collection dies

aioc

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Activity: 2926

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Quote from: Dacosta Osei-Tutu on March 27, 2019, 09:43:59 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?

ICOBENCH is already doing that, but I don't trust ICOBENCH, that's a good idea so in their homepage they will post their passport or anything that can prove their identity but who will asked them to do that because we do not have a regulatory board for them to obey.

Augustyusuf

jr. member

Activity: 546

Merit: 1

i think its strongly need, that some ico project, their entire core team and advisor need to be KYC, so we can make sure their poject was the real one..

Reid

hero member

Activity: 2912

Merit: 642

I agree.
It is not that big of a deal.
Why not?

Although they are posting their background and photos on their websites we aint sure about their identity or if that is really them.
I suggest skype or any video call that you are comfortable with.
If you are a big investor then that should be mandatory.
You dont want to waste your money without assurance.

Levyathan

jr. member

Activity: 434

Merit: 1

Yep, but most of them do not pass the KYC especially like whenever they set up their profile in linkedin they have no link for their KYC process.

trash321

full member

Activity: 602

Merit: 100

This is a completely correct remark. I think that market participants, especially developers, should really go through KYC so that investors have no doubt that these are not scammers. Because only in this way can we change something.

soramon

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Okay i got your point. I think its a good idea to prevent scam attempt. I think we need a platform that can verify the team to make sure they are real. So investor will trust on them and can easily raise fund. I know each project have a site to introduce team member. But, it really happen it will be usefull.

Topic: Team also needs to pass KYC - page 8. (Read 1011 times)