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Title: ***Edited*** Post by: blmpnetwork on May 19, 2018, 05:54:23 PM ***Edited***
Title: Re: is the KYC a factor to the success of an ICO Post by: nascasto on May 19, 2018, 06:07:19 PM I can help you if you tell me more clearly what you mean. I have difficulty understanding what you are saying right now: D What ICO did you complete for KYC?
Title: Re: is the KYC a factor to the success of an ICO Post by: johanesrobin on May 19, 2018, 10:26:17 PM KYC only provides assurance of security that the asset holder is a person who is eligible to conduct the transaction.
there are some countries that are prohibited to be investors related to security and government policies. so KYC is required for investors. Title: Re: is the KYC a factor to the success of an ICO Post by: carlfebz2 on May 20, 2018, 01:42:48 PM is the KYC a factor to the success of an ICO? Not really, yet having this kind of verification do really block other potential investors that might plan to invest on such ICO or sale due to that KYC requirement then they might not proceed but still when it comes to insurance and security to its investors then this would be a good thing but having a KYC wont really contribute or a factor which would lead to success of a certain project.The project uniqueness and real life usage or innovation will always be a strong factor among others.Title: Re: is the KYC a factor to the success of an ICO Post by: jackjackfly on May 21, 2018, 06:55:46 AM Having KYC procedure now, for an ICO is more like common courtesy. So you cannot tell if it gonna be a successful by having know your customer procedure. Just understand that this is just legal aspect of an ICO
Title: ***EDITED*** Post by: blmpnetwork on May 21, 2018, 07:10:28 AM ***EDITED***
Title: Re: is the KYC a factor to the success of an ICO Post by: Tamrlan on May 21, 2018, 07:22:05 AM is the KYC a factor to the success of an ICO? No. KYC is none other than identity, KYC is only used as a form of confirmation of identity. The goal is to avoid account spam in one project.Title: Re: is the KYC a factor to the success of an ICO Post by: Orrechorre on May 21, 2018, 12:07:43 PM The KYC is not really a factor to guarantee the success of an ico. The success of an ico depends on the uniqueness of the project and how the developer works to making it a success. KYC only provides assurance of security that the asset holder is a person who is eligible to conduct the transaction.
Title: Re: is the KYC a factor to the success of an ICO Post by: tendy263 on May 22, 2018, 04:46:27 PM As we all know, the ICO space has become a bit of a wild west. It’s difficult to determine the good actors from the bad ones. However, a project that is implementing the KYC process demonstrates at the very least they are taking the necessary steps to meeting existing regulatory standards — showing they understand the risks of not doing so. It’s not a straight forward process either and has a significant cost. It’s not a 100% guarantee of the trustworthiness of the project/team, however it adds a little more weight to that argument.
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