Topic: Why KYC is important? - page 25. (Read 3301 times)
I like this system by KYC. This will make many people with double accounts they will not be in accepting gifts from the bounty. the existence of this system of cheating during this mushrooming will be greatly reduced.
For me, i don't like KYC because i participated many bounties campaign and most of them requested KYC before distribution token, i think this is unnecessary for hunters bounty like me.
For investors in ICOs, i think KYC is very necessary because the crypto market is new market and many people pour their money into this market, many of them invest from illegal money sources, they use ICO like a tool to money laundering, this is very dangerous for society so KYC is important to against this.
For investors in ICOs, i think KYC is very necessary because the crypto market is new market and many people pour their money into this market, many of them invest from illegal money sources, they use ICO like a tool to money laundering, this is very dangerous for society so KYC is important to against this.
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.
KYC (know your customers) can be cheated, KYC are required to know one investor where from.
But anyone can do KYC with fake identities, as many identification are stolen online, this is the risk on doing this system with some ICO.
If the ICO is a scam or even not we dont know if our documents are same with them or not.
I disagree with the statement "anyone can do KYC with fake identities". ICO's who requires KYC hires like a third party processing team who do Id checks and if they're are the one who do it for sure they're experts who can identify if it is fake or not. (I am working in a financial institution that's why I know it) that's why the only acceptable document would be national ID or any government identification to ensure that it will not be manufactured.
At first, I totally disagree with this KYC thing in crypto since we also aim the privacy and avoid Id theft but as I do a research this will help us to avoid scams and also to ensure that funds will not be used for illegal activities as well as some countries have regulations for crypto. And it also benefits us bounty hunters to avoid duplicate accounts so we could get the best out of the rewards that we will get.
Today the world is facing identity theft and almost a whopping amount of $200 billion is lost every year in identity theft. The world was really craving for a solution that can help in solving this identity crisis until now. I recently got to know about velix.id which is working to create a platform for frictionless identity verification on blockchain technology.
I strongly agree with your opinion, identity theft must be overcome, it is very annoying. I hope the Velix project can work and work well in addressing identity theft issues. 
the kyc is especially important for the members of the campaign especially for investors because for secured and avoiding scammers just kyc because the other wallets do not compatable the erc-20 token on their wallet so they need KYC
As usual, this is another way to weed out, and to be more precise, then reduce by a couple of orders the amount of bounty hunters participating in the project. For developers, it's just wonderful, and pay less, and you can immediately weed out people from countries where payment can be a problem.
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.
KYC (know your customers) can be cheated, KYC are required to know one investor where from.
But anyone can do KYC with fake identities, as many identification are stolen online, this is the risk on doing this system with some ICO.
If the ICO is a scam or even not we dont know if our documents are same with them or not.
Interesting article, well, I understand for investors, introduced a system of KYC but Bautista also started some companies to enter
although sometime the introduction is KYC is meaningful to me, i know some don't accept it but all we have to is that to adjust to kyc system.
Today the world is facing identity theft and almost a whopping amount of $200 billion is lost every year in identity theft. The world was really craving for a solution that can help in solving this identity crisis until now. I recently got to know about velix.id which is working to create a platform for frictionless identity verification on blockchain technology.
Thanks for the article, I fully agree that this is the necessary procedure. There are requirements of laws that need to be fulfilled both for developers of crypto projects and for investors.
In order to comply with legal regulations and anti-money laundering, this aspect is very important. Both the exchange and the project must comply with the law.
Yes you are right the KYC is important to participate any ico because of some countries already regulated the crypto currency exchange so in coming days the KYC willl be important to participate any ico.
Ifvyou are participating in any ICO bounties. There is no requirement of KYC or anything. If you want to invest on ICO token sale that time token escrow will ask you for KYC details.
Since we found many scam happening on ICO investment now KYC details has been collected from the investors and project owner also use share their complete details on their white paper and on their website too.
Yes you are right the KYC is important to participate any ico because of some countries already regulated the crypto currency exchange so in coming days the KYC willl be important to participate any ico.
When we do talk about lessening the risk of scam then KYC implementation would really be a helpful thing but we do all know this would really remove the decentralization or the true essence of cryptocurrency because identity has been already revealed which means there would be different opposing parties would really be like or don't like such implementation or decision made by putting up KYC on ico investments.
Yes you are right the KYC is important to participate any ico because of some countries already regulated the crypto currency exchange so in coming days the KYC willl be important to participate any ico.
When we do talk about lessening the risk of scam then KYC implementation would really be a helpful thing but we do all know this would really remove the decentralization or the true essence of cryptocurrency because identity has been already revealed which means there would be different opposing parties would really be like or don't like such implementation or decision made by putting up KYC on ico investments. 
Yes you are right the KYC is important to participate any ico because of some countries already regulated the crypto currency exchange so in coming days the KYC willl be important to participate any ico.
Thanks for information and your sharing.
Who need kyc when price is under ico?
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.
It would be great if the development team passed kyc before running ico, then there would be less scam. It seems to me that such a rule will soon be introduced
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