A new look to KYC, from a customer's perspective.

[nerlial]

I think that we will never see such a thing because in each roadmap it is written that the team has nothing to do with investors and invest at your own risk. Therefore, it is better to choose IEO there at least some sort of real protection against fraudsters.

[rachman mahesa]

I think that we will never see such a thing because in each roadmap it is written that the team has nothing to do with investors and invest at your own risk. Therefore, it is better to choose IEO there at least some sort of real protection against fraudsters.

I understand the team has nothing to do with investors. But it must be remembered that the Investor believes in the project because the Team in the project is convincing, experience in the field. Of course it will be even better for trust in the project. I understand that investment is at its own risk, but if you want the project to be believed the team must do it.

[Dangthu0814]

I think the IEO is a great idea to bypass the KYC process, projects can have accurate information of customers from the exchange and investors can also trust projects selected by the exchange.

[Samboo]

I am also on the idea that KYC information is not that much necessary. Why you have to know your customer? And if you want to know your customer, what about the project owners? In some cases, they run away scamming investors and bounty hunters. Who knows them and in how many cases, they have been caught and booked? First of all, we have to know who the project owners are.

[profitgenerator212]

So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.

With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.

Know Your CEO.

The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.

In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.

Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?

I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.

Edit: I has another interesting post few ahead for (for the ones that read op only)

I am an advocate of "Know your CEO". It will be the best and most important KYC to investors atleast investors should know the the full details of the man or woman responsible for their funds and in cases of frauds, they can report rightly to the relevant authorities

[BeManga]

So, what does KYC mean? I always hated that thing, mostly because I feelt it is an unnecesary leak of information.

With these times and all the shitcoin scams and real waste of time and money I came to the resolution that we need a new meaning for KYC.

Know Your CEO.

The best way we could prevent or atleast act in the case (most certain) of one of any new project being a scam is selecting a number of trusted users of the community to verify the "Team" of any coin just the same way we are verified in most sites.
Since most of the new coins claim the "Team" is the people shown in the pictures they shouldn't mind verifying it to this peculiar non snitch trustworthy gathering of users.

In the case a project is to be compared to bitcoin or ethereum and the team crave anonimity you shouldn't need an ICO or could provide code before launching and provide a service.

Any ideas? Would anyone actualy ask for this before investing? and keep the word and not invest without the check?

I think it is more than a fair price for trusting someone with perhaps thousands of bitcoins.

Edit: I has another interesting post few ahead for (for the ones that read op only)

that a really good idea instead of ico team knowing the investor
ICO team will provide proof that they are worth investor trust and will not just run after ICO
well today you can invest in STO instead some of them have company that offering their share or profit

[5ensei]

Know your CEO is exactly what is need to clean up the ICO market, there are too many horror stories about exit scams and there is nothing that can be done about it as we don't really know who the CEO is or what safety there is for investors.

[nofreecoins]

Bumpy, the shitcoin market just got more credible, not more useful, perhaps a bit more bitcoin to move around.
Also, a ban because a threat, thats pretty amazing, now the OP is being tagged as scammer.

[kodtycoon]

Know your CEO is exactly what is need to clean up the ICO market, there are too many horror stories about exit scams and there is nothing that can be done about it as we don't really know who the CEO is or what safety there is for investors.

no strong law makes no protection for investors, with high awareness, an investor must always be careful and always do more research before investing. so this investment is indeed very risky but because so far the growth of this industry has continued to increase, investing in industry is still a good option as long as we are able to do well with wise research

[zikzag]

It's time to introduce KYC for those who make ICO. Investors need guarantees that the project will be successful.

[Genkotsu]

it's too hard because few ico listing sites developer can pay them to make positif review about the project.
and developer can manipulate about the team member from ico listing, because for now ico listing site is a way for people to analysis some project, and this is the whole when developer can do what they want

[andulolika]

it's too hard because few ico listing sites developer can pay them to make positif review about the project.
and developer can manipulate about the team member from ico listing, because for now ico listing site is a way for people to analysis some project, and this is the whole when developer can do what they want

I consider that kind of behaviour as scamming which completly fucks up crypto's reputation.
I just see ICOs as scams mostly, it a great shame for very few projects i miss,i can say I only know of 3 ico operations top that were legit and i still believe in.

[Genkotsu]

I consider that kind of behaviour as scamming which completly fucks up crypto's reputation.
I just see ICOs as scams mostly, it a great shame for very few projects i miss,i can say I only know of 3 ico operations top that were legit and i still believe in.

yes i know your feel about new project are just launched, moreover the team has no reputation in blockchain community/industry.
and based on the data 8/10 are ended with scamming investor, i know because i'm following the news about crypto project with shit service they offer in the front, and if the project successfully with ICO in future after end ico nothing any update