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Author Topic: Do you join ICOs that requires KYC?  (Read 4513 times)
Rossey
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July 20, 2018, 01:37:34 AM
 #1041

I have participated in ICO'S including bounties that requires KYC. In fact, my last experience was not a pleasant at all because the KYC was not properly mentioned from the beginning, only to claim reward the issue of KYC came up all of a sudden leaving some participants not being able to claim their coins/rewards.
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kr105
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July 20, 2018, 01:39:46 AM
 #1042

I participated in some ICOs that required KYC and if i found a good ICO to participate, i would do the participation and KYC. KYC is often a legal requirement. However, airdrops don't require KYC and therefore i don't participate in airdrops.
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July 20, 2018, 01:50:25 AM
 #1043

Now all projects need to undergo a verification procedure. The market of crypto-currencies is beginning to be regulated and without this procedure it is simply not enough.

 
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kursigoyang
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July 20, 2018, 01:51:42 AM
 #1044

I also invested in ICO projects using KYC on its payment system, but I was looking more for ICOs with developers who have handled projects and achieved success, as many now scam ICOs though using KYC
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July 20, 2018, 01:57:42 AM
 #1045

no, i think it's too complicated. everyone would want a simpler one. if all ico end up having to oblige kyc, i think that's not a good idea.
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July 20, 2018, 02:14:25 AM
 #1046

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

Now more projects require KYC approval. but If I like the project and his team is strong, then I participate in the ICO. The most important thing for me is how ico project and his team.
edwardsolo2021
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July 20, 2018, 02:24:50 AM
 #1047

I once joined an ICO that do requires a KYC for each part thus far I haven't had any issues from it except if in the event that you trust the dev and the group of that ICO however nowadays it's so uncommon to locate a confided in group and you can once in a while observe them accessible on the grounds that the vast majority of them are long haul improvement ICO. In the event that you do have issues with the standards you either keep away from or disregard it and locate another ICO that don't requires KYC
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July 20, 2018, 04:35:52 AM
 #1048

Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.

I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.

I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?

Now more projects require KYC approval. but If I like the project and his team is strong, then I participate in the ICO. The most important thing for me is how ico project and his team.
The KYC verification doesn't give you a lot of problem as long as the team and project can be trusted, look at how many projects are giving a huge money to the early investors.
They are all doing any KYC verification to make sure there is no people from US join in the ico

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July 20, 2018, 04:42:19 AM
 #1049

I am not interested for joining an ico investment needed KYC procedure because I am afraid some time my data or my identity card was fault by ico owner. I have seen in my country many fault by identity card and I don’t want the same thing happen with an ico needed KYC data for investors.
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July 20, 2018, 04:43:36 AM
 #1050

I don't think KYC will be an issue with ICO's. I think it should be required in any ICO so they will know who they're investors are. It also makes it more professional if there's KYC. The only disadvantage of KYC is that it makes the process longer since the verification is needed for thousands of investors. Usually take a lot of time before everyone involved on the ICO is verified.

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Werfomu
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July 20, 2018, 04:43:58 AM
 #1051

As we as a whole know digital currencies are unknown so KYC ought not be required coherently. Be that as it may, on the off chance that I see venture is veritable appears to be encouraging then it doesn't make a difference to me to give my KYC in light of the fact that some ICOs keeps up every one of the financial specialists KYC then again numerous con artists are dynamic so one ought to be extremely watchful giving it's KYC and I am not in support to give my KYC for airdrops.
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July 20, 2018, 04:47:36 AM
 #1052

I do not find any harm in submitting KYC for an ICO. You'll have to do a background check of the team, their goal and whatever you feel should be checked before entering an ICO.

If the company is genuine and ask for KYC, then there is nothing wrong about it. I myself will be launching an ICO to raise the funds for my upcoming cryptocurrency exchange platform. The ICO will most probably go for sale in the next 3-5 months. You can visit the website for more details:

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July 20, 2018, 04:47:49 AM
 #1053

I do invest in ICOs that requires kyc because it means nothing to me it's nust for the platform to know their customer but i don't participate in airdrops that requires kyc because i believe it's a giveaway money and kyc should not be asked for.
DesertOasis3
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July 20, 2018, 04:47:58 AM
 #1054

I think pretty much all ICO now require you to complete a KYC so if you want to participate at that stage of a token's life then you have no other choice. The majority of exchanges are also KYC compliant so you can really count the crypto-anonymous days as over.
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July 20, 2018, 05:21:33 AM
 #1055

I never submit KYC for airdrops because this is very dangerous. I dont know why they want thier airdrop participants to submit kyc first before to recieve small amount of token. Submitting KYC for good ICO's is good there is nothing wrong about that because they are only verifying buyers identity and residency because there are some countries that are prohibited to join ICO's  but for airdrops, no reason to submit KYC.

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July 20, 2018, 05:25:30 AM
 #1056

From the ICOs that I have joined there are only 2 that required me to submit kyc. Though at this time i am not really in favor of submitting kyc because I think this had a potential risk of data breach. The cyber space is really not a good medium to stock all those pertinent information of their clients. For now, if that ico requires kyc, i guess I will not be joining anymore.
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July 20, 2018, 05:38:08 AM
 #1057

I don't think KYC is a thing to be afraid of, I don't know why people kyc against, I don't have anything to hide.
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July 20, 2018, 05:38:50 AM
 #1058

Ue si do join icos that requires kyc
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July 20, 2018, 05:52:24 AM
 #1059

 I joined in that requires KYC. I did not completed the process because I don't want to give my full private information. Cryptocurrency is to keep your privacy as investor and customer, and ye they are getting your info.
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July 20, 2018, 06:16:23 AM
 #1060

Well, there has been a lot of criticism in the recent past over the need of KYC for joining an ICO, to some point i dont see the necessity either as so long as a business transaction is complete there is nothing to be lost or gained so long as both parties are satisfied with the dealings, i however dont have a problem with KYCs either Just that it turns to be exposing too much Information in cases where ICOs turn out to be scams

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