on the contrary, I think that KYC is useless and ICO companies need to abandon KYC, because there are many ways to deceive KYC.
very often kyc is necessary to comply with the laws of the country in which the project is located.
Topic: Why KYC is important? - page 2. (Read 3330 times)
very often kyc is necessary to comply with the laws of the country in which the project is located.
It seems to me that KYC is not important. and that it is not necessary at all to users, participants of the bounty program. And also the present, honest projects of ico do not need this procedure.
on the contrary, I think that KYC is useless and ICO companies need to abandon KYC, because there are many ways to deceive KYC.
kyc is one of the rules in a bounty. important or not a kyc, we must remain to obey it. with kyc we must collect our personal data and we must be careful with that. don't let our personal data be used for things that are wrong. therefore, we must be able to choose a good bounty in order that our personal data is safe.
KYC stands for Know Your Customer and it is very important because it is useful for exchange to save illegal activities like money section. It is also helpful to save from cheaters and scammers.
we can say that it's more useful for the project itself than for buyers.
KYC is very important because KYC is a tool being used to moderate scam in crypto currency and as a matter of fact it always delivers and even play a vital role in the positive contribution in crypto currency but that does not mean that we should neglect the negative part of KYC and negative impact it have on bounty hunters, many bounty hunters would work and campaign for a project after completing their tasks they would be ask to do KYC which most of them might fail and that would denie them their hard earned stakes.
KYC which means Know Your Customers is important so that both the developers would get to know more about their customers through a valid documentation.
I'm not a fan of this KYC for bounty. In as much as kyc is meant for the investors who actually invest with their money, it should not be extended to bounty hunters who create awareness for the project.
maybe they want KYC because they want to know that the participant is true and not using dummy account, but by the way thanks for the info and sharing for us.
in fact it is not helpful to the participants with many accounts. KYC only as data holder of the token or to convince the community data have joined in the project. data like that I think will be important for the development of the project in the future.
maybe they want KYC because they want to know that the participant is true and not using dummy account, but by the way thanks for the info and sharing for us.
KYC means Know your customers, As we know in some countries participation in ICO is not legal but citizen from these countries still participated in ICO for their earning purpose but this is illegal for them, So Most of ICO written in legal document that x,y,z countries citizens are not allowed to participate in ICO That's why to identify that people company go for do KYC.
KYC is also tell the ICO company that from which country they are getting more fund so they can do future plan accordingly.
KYC is also tell the ICO company that from which country they are getting more fund so they can do future plan accordingly.
This is not only your protection, but also the protection of your capital. At the moment, it is very difficult to believe projects without KYC. Either they have bad lawyers or a strange residence.
Great article,thanks for your sharing
Kyc which stands as “know your customers” is a system wherein they identify the true identity of the customer and also to prevent illegal activities. Kyc is important to validates those scammers and those people who are hiding in fake names
having kys disrupts the unknown trade factor for cryptocurrencies. alias are no longer effective because of kyc but this kycs are good to establish more trust in the community and making it massive.
In terms of the use of KYC does need to be careful. Because there are still many ICO which is currently also won't use KYC but still able to invest. But if this is already a procedure that should be carried out should in working on. But if you are not sure of the procedure, you can look for other projects.
KYC is incredibly vital tool for ICO comes. however he additionally causes plenty of negative in several investors. no one needs to produce the documents to unknown individuals. however KYC helps comes to resolve the legal problems and to eliminate swindlers.
KYC stands for Know Your Customer and it is very important because it is useful for exchange to save illegal activities like money section. It is also helpful to save from cheaters and scammers.
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.
Wooow, this is a wonderful piece, well informative, concise and straightforward. I have been enlightened all thanks to you. Thanks once more I appreciate.
Ill think it is important because they knows of which person are invested or participating in bounty campaign.
Actually doing some KYC was a good idea but the others are not because it was be too long on that way.
Actually doing some KYC was a good idea but the others are not because it was be too long on that way.
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