I have seen lots of post like this, about their opinion on KYC procedures. But for me KYC on ico is not a bad idea,
This is also for the security of the project against to all people have plan to do some malicious activities. If there's a kyc, people rethink if they continue those malicious activities they get caught because they send their identity.
So i couldn't see any negative or bad thing with this.
Main reasone of I am not fan of KYC is fake ICO. How can I trust them with my personal identy even they are fake themselves.
I got your point here mate,
But Actually, in the first place we didn't know if the project or ico is a scam or real right?
So, do you continue to finish the kyc if you know at first that is a scam?
Maybe other people doing this because they lack of information.
Lesson learned; before take an action,take some of your time to gather all important informations before doing and finishing the kyc of the project.