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Author Topic: Do you join ICOs that requires KYC?  (Read 4513 times)
BenjaminFranklingwould
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July 25, 2018, 12:52:22 AM
 #1141

I try to avoid this kind of ICO. But recently it became very difficult, because 80% of ICO require KYC. Actually, i dont find KYC very dangerous for my personality, because those, who needed it, have already got that info.  Wink

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Dreambigacm
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July 25, 2018, 11:15:10 AM
 #1142

I think that the KYC does not make any sense. Now there is no problem to buy documents. This makes the KYC incomprehensible.
Personally, I do not participate in the ICO where I require the KYC. I do not want my personal data to become available to scammers in the network.
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July 25, 2018, 11:18:28 AM
 #1143

Yeah i join that some kind of ico that requires that. I think sometimes KYC are necessary for the company that selective about the information of they investor. But also this is out of the ecosystmem of the crypto itslef. But when we are join in the scam ico its just feel like we are giving our information into a bad guy. Thats was creepy

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andor.gellenhidi
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July 25, 2018, 11:20:50 AM
 #1144

I do not invest in ICOs that require KYC. Or I try to invest on private sales that do not require KYC. Why do not I like KYC? Because I believe that this process is useless. Everyone who understands how to bypass this process does it.
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July 25, 2018, 11:21:05 AM
 #1145

I would try to avoid it in as long as I am not sure the project is good and it is going to be profitable. Otherwise, I see no reason to give information away.
RaspoBTC
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July 25, 2018, 11:29:50 AM
 #1146

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?
Yes, of course, because it is a sign to fulfill the reglementation requirements.
So in my opinion it's more trustful then without KYC.
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July 25, 2018, 12:36:40 PM
 #1147

I have joined the prizes that require KYC and luckily I have moved on from the method they do in light of the fact that the organization is situated in the US and they are required to do KYC for the endowment of law, I have nothing to be shocked once more, on the grounds that the Rules for ICO undertaking will fixed, which will constrain the venture engineers to execute this methodology all over the place.
Guli
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July 26, 2018, 01:21:17 AM
 #1148

I try to avoid such projects, since KYC is very dangerous sometimes, because our data can be used by scammers.
enawati
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July 26, 2018, 01:43:14 AM
 #1149

KYC is should be only for investor to comply regulation and avoid money laundering. But for bounty hunter that receive small amount of reward is not necesary. Personally i avoid to join bounty campaign that required KYC because i dont know who will save my personal data. Last year i have seen no one ICO required KYC but now some of them need it, can be the reason just to comply regulation.

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July 26, 2018, 02:27:47 AM
 #1150

KYC is good especially when the project has proven beyond reasonable doubts to be successful. And As long as they don't want us to input our private key then I think its not a problem.
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July 26, 2018, 02:35:28 AM
 #1151

I am extremely careful with my information, in order to give my personal information to an ICO it must have an extraordinary potential, because usually that information can be sold and you will start to receive a lot of unwanted mail, in addition to being the opposite of the whole philosophy of anonymity in the blockchain.
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July 26, 2018, 04:26:53 AM
 #1152

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?

Yes, almost every ICO will require KYC to participate, it is normal. The uncommon thing is KYC required for bounty hunters as well.
As an investors, if you sure and believe the ICO you want to participate is good and will bring benefits, you won't afraid giving your details.

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Enochian
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July 26, 2018, 05:56:16 AM
 #1153

I would try to avoid it in as long as I am not sure the project is good and it is going to be profitable. Otherwise, I see no reason to give information away.

Your position is understandable, but there are only a few good or trustable ICO projects without KYC nowadays. It is almost impossible to ignore ICO with KYC
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July 26, 2018, 06:00:04 AM
 #1154

In my opinion KYC required for ICO;s are good ICO because it is more secured from fraud and good team will be behind the project, so I suggest to join the ICO where KYC is required or mandatory. so only trusted people can invest money and the project will be more reliable and succeed,
crocus
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July 26, 2018, 06:00:59 AM
 #1155

Nope, I don't participate in any ICO that requires KYC due of personal information are important, like today there are many ico's that deceiving people and build an scam ico's so better to join in bounties that haven't KYC to participate in their program.
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July 26, 2018, 07:14:50 AM
 #1156

Kyc in ico is an effective means. When your country prohibits participation in ico. Kyc can effectively prevent them from participating in ico.
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July 26, 2018, 07:18:19 AM
 #1157

Yes, I have, but I tend to choose the ICOs I invest in very carefully, so I have a certain level of trust at least in those running the show. If I was throwing money into more ICOs looking for quick flips, even if I don't believe in the team/product/etc, then I might be a lot more wary of doing KYC.
Kang Bahar
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July 26, 2018, 07:58:09 AM
 #1158

I think KYC is useful to avoid money laundering or avoid the problems with a customer in his country, and on average KYC is necessary, because it's a regulation from ICO companies.

But for me, I'd avoid the KYC program. Because KYC can be very dangerous. Why? Some time ago I read a thread on scam accusations, there is a project that turns into scam after its investor passed the KYC. Their project personally has been misused and ultimately scam, and how about the data from customers? Other than used for criminal acts, what will they use the data from customers for? Damn, very terrible.
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July 26, 2018, 08:00:34 AM
 #1159

I would try to avoid it in as long as I am not sure the project is good and it is going to be profitable. Otherwise, I see no reason to give information away.

Your position is understandable, but there are only a few good or trustable ICO projects without KYC nowadays. It is almost impossible to ignore ICO with KYC
if theres platform that is proved to be trusted even by the government or verified by the government then maybe thats a good deal but other than that I think that's just too dangerous except we need
to take a brief look on how safe and trusted the project is.

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July 26, 2018, 08:18:34 AM
 #1160

I personally don't check for KYC before joining an ICO, but if it is required, why not fill. Although I hate it anyways. But just fill and get your tokens if necessary.
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