Topic: Why KYC is important? - page 19. (Read 3301 times)
Of course KYC aka Know Your Customer is very important for the developer of a coin or token because with KYC they can so to find the data of the investors in their coins or tokens
Thanks to the author for the article. KYC is indeed an important part of ICO as it makes operations with the crypto currency more transparent, accordingly more acceptable from the legal point of view.
If the project requires verification of verification from investors, bounty members - then the development team must pass it, and we need to see that all the team members, the developers, have also been verified
And it will be fair to everyone, and I think this will greatly reduce the number of scam projects. All the problems are that you can not be sure when you send your documents to the KYC, that they will not get to the scammers and will be used for their own purposes.
If the project requires verification of verification from investors, bounty members - then the development team must pass it, and we need to see that all the team members, the developers, have also been verified
I do not consider KYC an important component of ICO's success. There are many examples where, with participation in the ICO, KYC was required, but as a result they scam
It provides fairness - individual caps are important in terms of token/coin distribution, also it deals with law difficulties.
Kyc is important as per AML rules every financial holding or else any return on investment need Kyc as per anti-money laundering policies it is secured to submit KYC for any coin for future growth
KYC is know your customer. Careful to share the KYC information.
So if sell the ICO project token. It need to for the customer information. So that the reason of need for the KYC. But ethereum also need for the token sell. So learn the information before sell. So follow the rules and guidelines. It save you information and no one can get your information. It safe. So share the KYC this information important of all process.
So if sell the ICO project token. It need to for the customer information. So that the reason of need for the KYC. But ethereum also need for the token sell. So learn the information before sell. So follow the rules and guidelines. It save you information and no one can get your information. It safe. So share the KYC this information important of all process.
It shouldn't be important at all because crypto suppose to be anonymous 
many users of crypto currencies start to contradict themselves, because on the one hand everyone wants to legalize the crypto currency and the recognition of Bitcoin by its authorities so that it becomes a full currency in every country. But on the other hand, everyone wants to have anonymous income. This can not be. KYC is stands for "Know Your Customer" and i think this is a system that identifies the true identity of a participants. And this KYC is important in order to validate cheaters and those scammers. But sometimes it can be used also by those scammers also by pretending to have a n ICO and will ask your information for their own benefit like using your information for bad intention and this is the disadvantage of KYC system implemented.
To allow the ICO team to conduct a KYC audit, demanding confidential information from investors, states would first need to ensure that such an ICO team is not itself scammers. We all know that the percentage of fraud among ICO teams is at least 30-50 percent, and at the same time they are given the right to collect such important information. This, at least not logical. Nice info. KYC is really important especially for some people to avoid anonymous people for get more benefits. But anothers side KYC maybe is a trouble for some people because some many people don't have criteria for KYC (in this case use passport). Maybe in next time every airdrop or something else need KYC for user identity
But the coin maker's KYC goal is not exactly right, I think, if I bought that coin and I confirmed my identity, but after receiving the coin I gave you, you are the grasp. I do not have the right to decide so I KYC with the publisher as well. I think KYC is not really feasible and useful.
KYC is stands for "Know Your Customer" and i think this is a system that identifies the true identity of a participants. And this KYC is important in order to validate cheaters and those scammers. But sometimes it can be used also by those scammers also by pretending to have a n ICO and will ask your information for their own benefit like using your information for bad intention and this is the disadvantage of KYC system implemented.
In my opinion KYC (know your customers) is very important for participating in the ICOs if you wanna invest in the project. But i don't undestand why the devs require to pass KYC for bounty hunters. I don't like it
KYC is essential to the ICO project because it will help the project do not face the fact that one buyer buys too many Token, which has a big impact on the exchange rate of the project when the Token is distributed. IMO, KYC should only apply to investors, and with bounty members, airdrop is not necessary because bounties and airdrop is less than 5% of the total Token sale.
It's important as it help to stop money laundering activity and also fraudulent activity. So many scams and scammers out there and KYC helps eradicate it. Banks use it to better understand their clients.
Nice info. KYC is really important especially for some people to avoid anonymous people for get more benefits. But anothers side KYC maybe is a trouble for some people because some many people don't have criteria for KYC (in this case use passport). Maybe in next time every airdrop or something else need KYC for user identity
KYC is very important for any project. All documents are submit KYC form. The requirement all depend on KYC from. We r submit the project KYC then the easy task for project. So really all real documents and real in formation on KYC from.
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