Bitcoin Forum

Today I saw the news about Pikcio chain project. They require KYC after the bounty campaign after 4 months. What do they think? Crypto currency business is all about privacy. They try to collect personal information and we don't know what devil use are they looking at or how secure they hold these forever. It looks like a scam project, either they sell personal information or use it for bad things.

Pikcio chain team member Bigvield: https://bitcointalk.org/index.php?action=profile;u=2006087

Actually, this is a common thing in the current bounty condition. ICO team or Bounty agency announce the KYC requirement to the bounty participants.
I also hate KYC thing. The most frustrating thing is, sometimes ICO team or bounty manager/agency announce the KYC after the end of bounty campaign, not in the beginning. That was sucks.

That's the scam part I'm talking about. If they announce before bounty campaign then there is no problem. We can see that and decide not to join. There are way too many scam projects that collect personal information and sell it just like Facebook did. So why should we trust them?

Yeah, I know. Maybe that was their trick too. So they can reduce the number of bounty participant who will claim the reward. Because I believe, there will not be many bounty participants who want to give personal info. Personally, I always ask the team or bounty manager regarding KYC for bounty before joining. If they don't have any clear answer, I prefer to join another campaign.

Many companies require KYC now. It's a normal practice basically. But Pikcio counted very little tokens for each participant. So, I won't participate their KYC, it makes no sense.

That's a good idea. They didn't even decide the chain, it was in Ethereum first then they switched to Neo. It looked untrustworthy for whole time.


This is another problem. They reduced rewards so much. We don't even know if it worth something in the end.

Most of all, this development will be relevant for the banking sector, where customer data should remain in full safety. For banking institutions, this is an opportunity to make the process of collecting and exchanging customer data between other financial institutions automated. This project is also of interest to medical institutions and insurance companies. On the site everything is painted beautifully, but it seems to me that this is a Scam.

I just found out awhile ago that they announced to all participants who joined in any bounty campaign need to fill up the form to their website then also need to comply the requirements needed to KYC, Which is I hated the most but do nothing about it. For them to qualify for the payment, which is such a bullshit rules.

It is obviously a scam base on google definition .

SCAM = A fraudulent scheme performed by a dishonest individual, group, or company in an attempt obtain money or something else of value.