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[Gurtna]

Why is the KYC/AML process so important?

Reading through many ICO telegram groups, it’s quite daunting to see that many self-proclaimed “Real” ICOs aren’t implementing or straight up refuse to implement a KYC or AML process.

One comment I read today was rather deluded and worrisome:

“KYC reduces no. of investors… and there is no need for KYC for an ICO…”

They continued with:

“There are so many scam ICOs that demand KYC and then the documents are forged… so stay alert. Don’t risk ur identity for a few bucks.”

Now, to some with very little knowledge within the crypto space, this would sound like a reasonable reason for an ICO to not implement a KYC or an AML process. However, being in and surrounded by the crypto space this rings alarm bells.

Our advice: Be very wary of any ICOs or projects that do not have and argue against implementing a KYC or AML process.

https://medium.com/@triforcetokens/why-is-the-kyc-aml-process-so-important-959e721d68f7

What about utility tokens,ICO often dont ask KYC for them.Should they actually?

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[JCBAHY]

Why is the KYC/AML process so important?

Reading through many ICO telegram groups, it’s quite daunting to see that many self-proclaimed “Real” ICOs aren’t implementing or straight up refuse to implement a KYC or AML process.

One comment I read today was rather deluded and worrisome:

“KYC reduces no. of investors… and there is no need for KYC for an ICO…”

They continued with:

“There are so many scam ICOs that demand KYC and then the documents are forged… so stay alert. Don’t risk ur identity for a few bucks.”

Now, to some with very little knowledge within the crypto space, this would sound like a reasonable reason for an ICO to not implement a KYC or an AML process. However, being in and surrounded by the crypto space this rings alarm bells.

Our advice: Be very wary of any ICOs or projects that do not have and argue against implementing a KYC or AML process.

https://medium.com/@triforcetokens/why-is-the-kyc-aml-process-so-important-959e721d68f7

What about utility tokens,ICO often dont ask KYC for them.Should they actually?

KYC and AML processes should be implemented for all token sales and by any organisation thats raising funds. Its a measure that helps protect the project/organisation as well as the investors/contributors.

As the crypto space is unregulated, it means that all ICOs should partake in some form of self-regulation.

We would advise to be wary and avoid any ICOs that don't follow this procedure. Those that don't follow the procedure clearly have no interest in the long term success of their project nor the projection of their contributors.

~ Jake Ashby, General Manager TriForce Tokens

[UncleT]

You know, I'm thiking that triforce platform could also engage gamers more into a game development process.
Some dev team would get constructive feedaback and implement it on a game nd everyone would get some profit share.

This sound like good idea and get more gamers in dev.

As I see from the replies on here from the Triforce team, a bunch of them are avid gamers so I think they have that covered.

[Gurtna]

Why is the KYC/AML process so important?

Reading through many ICO telegram groups, it’s quite daunting to see that many self-proclaimed “Real” ICOs aren’t implementing or straight up refuse to implement a KYC or AML process.

One comment I read today was rather deluded and worrisome:

“KYC reduces no. of investors… and there is no need for KYC for an ICO…”

They continued with:

“There are so many scam ICOs that demand KYC and then the documents are forged… so stay alert. Don’t risk ur identity for a few bucks.”

Now, to some with very little knowledge within the crypto space, this would sound like a reasonable reason for an ICO to not implement a KYC or an AML process. However, being in and surrounded by the crypto space this rings alarm bells.

Our advice: Be very wary of any ICOs or projects that do not have and argue against implementing a KYC or AML process.

https://medium.com/@triforcetokens/why-is-the-kyc-aml-process-so-important-959e721d68f7

What about utility tokens,ICO often dont ask KYC for them.Should they actually?

KYC and AML processes should be implemented for all token sales and by any organisation thats raising funds. Its a measure that helps protect the project/organisation as well as the investors/contributors.

As the crypto space is unregulated, it means that all ICOs should partake in some form of self-regulation.

We would advise to be wary and avoid any ICOs that don't follow this procedure. Those that don't follow the procedure clearly have no interest in the long term success of their project nor the projection of their contributors.

~ Jake Ashby, General Manager TriForce Tokens

Thank you for the explanation,and indeed sounds reasonable to do  KYC,you cant be too safe nowdays.

[james7854]

After 137 pages this thread still has a lot to offer and it's very interesting to read

[sexymadafaka]

Why is the KYC/AML process so important?

Reading through many ICO telegram groups, it’s quite daunting to see that many self-proclaimed “Real” ICOs aren’t implementing or straight up refuse to implement a KYC or AML process.

One comment I read today was rather deluded and worrisome:

“KYC reduces no. of investors… and there is no need for KYC for an ICO…”

They continued with:

“There are so many scam ICOs that demand KYC and then the documents are forged… so stay alert. Don’t risk ur identity for a few bucks.”

Now, to some with very little knowledge within the crypto space, this would sound like a reasonable reason for an ICO to not implement a KYC or an AML process. However, being in and surrounded by the crypto space this rings alarm bells.

Our advice: Be very wary of any ICOs or projects that do not have and argue against implementing a KYC or AML process.

https://medium.com/@triforcetokens/why-is-the-kyc-aml-process-so-important-959e721d68f7

What about utility tokens,ICO often dont ask KYC for them.Should they actually?

KYC and AML processes should be implemented for all token sales and by any organisation thats raising funds. Its a measure that helps protect the project/organisation as well as the investors/contributors.

As the crypto space is unregulated, it means that all ICOs should partake in some form of self-regulation.

We would advise to be wary and avoid any ICOs that don't follow this procedure. Those that don't follow the procedure clearly have no interest in the long term success of their project nor the projection of their contributors.

~ Jake Ashby, General Manager TriForce Tokens

Yeah, point taken...everyone sees those mechanisms as a pain in the ass, but they actually keep you safe.

[killer9966]

Why is the KYC/AML process so important?

Reading through many ICO telegram groups, it’s quite daunting to see that many self-proclaimed “Real” ICOs aren’t implementing or straight up refuse to implement a KYC or AML process.

One comment I read today was rather deluded and worrisome:

“KYC reduces no. of investors… and there is no need for KYC for an ICO…”

They continued with:

“There are so many scam ICOs that demand KYC and then the documents are forged… so stay alert. Don’t risk ur identity for a few bucks.”

Now, to some with very little knowledge within the crypto space, this would sound like a reasonable reason for an ICO to not implement a KYC or an AML process. However, being in and surrounded by the crypto space this rings alarm bells.

Our advice: Be very wary of any ICOs or projects that do not have and argue against implementing a KYC or AML process.

https://medium.com/@triforcetokens/why-is-the-kyc-aml-process-so-important-959e721d68f7

Good stuff man, keep it coming!

[djuro74556]

But what game will you be playing? PUBG again?

League of Legends. Jake is the PUBG player. I am awful at it. 

If you guys want us to stream PUBG as well, I can try and teach Tyrin and show him da PUBG wae

~ Jake Ashby, General Manager TriForce Tokens

Yes! Make a poll and i'll vote

I would like to see some game classics included...would it be possible?

[buraz]

How is the video contest coming along?
Got many submissions?

We have a had a few yes, we still need more though.

We want to create a video montage of our supports which we can put on our website and YouTube, to help the wider community understand that we aren't a scam and are truly passionate about what we do. We think it would great to show the support and following we have.

~ Jake Ashby, General Manager TriForce Tokens

Looking forward to this. But also, just an idea - maybe you should organize some gaming event and have that as a promo (video) and maybe this way demonstrate some of the key benefits of the project. Or is that a bit too tricky? Just thinking out loud.

Good idea, we are looking into things like that at the moment. The only issue we have at the moment is time, we are all busy working on secure investments and partnerships to ensure we have a successful token sale.

However, Tyrin AKA DandyChap will start live streaming soon here in the office. You guys will all be welcome to go watch him as he trains and prepares for this League of Legends tournaments.

~ Jake Ashby, General Manager TriForce Tokens

Hah this idea reminds me of those old LAN parties we used to organize at school.
Back then no one had a laptop, or at least a gaming laptop, and the screens were those old hunchback ones

LAN parties...those were the days!

[JCBAHY]

But what game will you be playing? PUBG again?

League of Legends. Jake is the PUBG player. I am awful at it. 

If you guys want us to stream PUBG as well, I can try and teach Tyrin and show him da PUBG wae

~ Jake Ashby, General Manager TriForce Tokens

Yes! Make a poll and i'll vote

I would like to see some game classics included...would it be possible?

In the streams or with our technology?

~ Jake Ashby, General Manager TriForce Tokens

[gogok]

You know, I'm thiking that triforce platform could also engage gamers more into a game development process.
Some dev team would get constructive feedaback and implement it on a game nd everyone would get some profit share.

This sound like good idea and get more gamers in dev.

As I see from the replies on here from the Triforce team, a bunch of them are avid gamers so I think they have that covered.

I think that, thanks to this, this project has very good chances. This approach to work is an ideal option. This way we will get high quality.

[snowcommander]

Great to see that's on the top of the list, but piracy is such a complex and widespread topic that it will take the whole community to battle it. You, as a product developer, can do only so much.

Yes that is very true. We completely understand and are aware that piracy will never be completely eradicated. But, thats why we are building partnerships and connections with some of the worlds leading organisations within the gaming space and large institutions such Coventry University to help research the root cause of piracy so that we can provide innovative solutions to help combat it and minimise it.

Its going to be a long journey, but its something we are all passionate about here. TriForce Tokens is here to revolutionise the gaming industry, we are in this for the long haul.

~ Jake Ashby, General Manager TriForce Tokens

Piracy is a douchbag thing, but it's just that many people don't have money for games, they are too expensive.

I disagree,i think piracy benefited more than it did harm,in general.It helped alot to spread gaming in general,especially in countries with lower standard.

I'm also a believer that piracy to some extent had brought content to a more wider audience. Especially in countries that could in no way officially purchase content - either it was not available or the price was way out of the price range for the countries standards. But it does serve a purpose - to help people become more aware, more interested.

[Nobtcforyou]

But what game will you be playing? PUBG again?

League of Legends. Jake is the PUBG player. I am awful at it. 

If you guys want us to stream PUBG as well, I can try and teach Tyrin and show him da PUBG wae

~ Jake Ashby, General Manager TriForce Tokens

Yes! Make a poll and i'll vote

I would like to see some game classics included...would it be possible?

In the streams or with our technology?

~ Jake Ashby, General Manager TriForce Tokens

I think he means some classic games on TriForce platforms.

[PuryLock]

But what game will you be playing? PUBG again?

League of Legends. Jake is the PUBG player. I am awful at it. 

If you guys want us to stream PUBG as well, I can try and teach Tyrin and show him da PUBG wae

~ Jake Ashby, General Manager TriForce Tokens

I would like to see that too

[Fanquell]

But what game will you be playing? PUBG again?

League of Legends. Jake is the PUBG player. I am awful at it. 

If you guys want us to stream PUBG as well, I can try and teach Tyrin and show him da PUBG wae

~ Jake Ashby, General Manager TriForce Tokens

Yes! Make a poll and i'll vote

I would like to see some game classics included...would it be possible?

In the streams or with our technology?

~ Jake Ashby, General Manager TriForce Tokens

I think he means some classic games on TriForce platforms.

Devs confirmed that it will be up to the creators of the old games,if they want to add it to TriForce.

[btcltcdigger]

In the streams or with our technology?

~ Jake Ashby, General Manager TriForce Tokens

Streams of course. You guys should play some old titles, like Dune 2, or C&C Red Alert

[SpockSenior]

Will you guys have regular gameing breaks in your Office?

[johnmiles]

Will you guys have regular gameing breaks in your Office?

Hahaha, imagine having 1 hour daily for games and streaming, paid

[JCBAHY]

But what game will you be playing? PUBG again?

League of Legends. Jake is the PUBG player. I am awful at it. 

If you guys want us to stream PUBG as well, I can try and teach Tyrin and show him da PUBG wae

~ Jake Ashby, General Manager TriForce Tokens

Yes! Make a poll and i'll vote

I would like to see some game classics included...would it be possible?

In the streams or with our technology?

~ Jake Ashby, General Manager TriForce Tokens

I think he means some classic games on TriForce platforms.

It is down to the developers to which games we integrate. We simply provide the technology. However if there is a big enough demand, I don't see why the developers wouldn't.

~ Jake Ashby, General Manager TriForce Tokens

[JCBAHY]

In the streams or with our technology?

~ Jake Ashby, General Manager TriForce Tokens

Streams of course. You guys should play some old titles, like Dune 2, or C&C Red Alert

Not a bad idea. Tyrin will be streaming League of Legends today, so lets see how his turn out is. If you guys are watching him make sure you comment letting us know what others games you want him to play.

~ Jake Ashby, General Manager TriForce Tokens