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Author Topic: Do you join ICOs that requires KYC?  (Read 4513 times)
cacucacok91
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June 06, 2018, 12:47:10 PM
 #481

I think it is rather a plus than a minus because it is immediately obvious that people are officially working, and accountable to, someone

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fortelen
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June 06, 2018, 01:19:33 PM
 #482

When we invest in participating the ICO, it is normal to require the KYC. It is for fulfiling the document of Know Your Costumer. But, for participation in airdrops and bounty, I really don't think so. They are not the parts of costumes. they are part of the team to build the project community and spread all about the ICO project.

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June 06, 2018, 01:22:36 PM
 #483

Today almost every project requires it and if you plan to participate in different ICOs, then there is no other choice.

right, it's becoming the trend. It's not my pleasure to give away personal information, but without it it won't be possible to join bounty campaaigns in very near future anymore
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June 06, 2018, 01:27:23 PM
 #484

I dont like it but, right now all icos want KYC and we dont have different way to invest to icos. I do it but totally disagree with this, I hope in future they are going to change it.
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June 06, 2018, 02:52:58 PM
 #485

I once joined an ICO that do requires a KYC for every members and so far i haven't had any problems from it unless if you trust the dev and the team of that ICO but these days it's so rare to find a trusted team and you can rarely see them available because most of them are long term development ICO. If you do have problems with the rules you either avoid or ignore it and find a new ICO that don't requires KYC.

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June 06, 2018, 03:10:19 PM
 #486

I don't think I need to look at a lot of professional people. They all said that it is best for ICO not to participate in 2018. The risk is very high. So I don't need to invest in ICO.

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June 06, 2018, 03:53:00 PM
 #487

Its called the global consensus, its needs to be done as the form of our support for anti money laundering and others criminal act using of cryptocurrency. Why afraid?
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June 06, 2018, 03:59:40 PM
 #488

The KYC procedure pushes me away from the bounty campaigns. I do not consider it safe to send someone my personal data.

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June 06, 2018, 04:02:44 PM
 #489

I do not participate in such ICOs, KYC is simply dangerous for life. Should you share your personal data, including place of residence?
As for me concerns, I don't do that, which I also recommend to you!
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June 06, 2018, 04:04:44 PM
 #490

When we invest in participating the ICO, it is normal to require the KYC. It is for fulfiling the document of Know Your Costumer. But, for participation in airdrops and bounty, I really don't think so. They are not the parts of costumes. they are part of the team to build the project community and spread all about the ICO project.

You are right, the bounty hunters are not investors and they are workers. KYC is set to find a money laundering. Bounty hunters don't invest any money and they should not be treated with KYC.
This is my opinion and I stand for it. I never participate in campaigns that require KYC.  

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alberdina
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June 06, 2018, 04:16:27 PM
 #491

KYC for participants bounty I think this should be careful. That the KYC is typically used for the investors who will buy the token ICO. There are several projects that are taking in return must complete the KYC and to date, the project has not yet been distribute token. And my opinion of KYC better I avoid it because it's too risky.

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June 06, 2018, 04:22:48 PM
 #492

KYC is almost standard for ICO, very difficult to find another promising ICO without KYC. But that does not prevent for some people who create many accounts to participate in ICO.
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June 06, 2018, 04:54:13 PM
 #493

At first i was skeptical to participate bounty with KYC. but on my experience the bounty that has KYC really distribute their rewards. So maybe i will consider joining on the bounty with KYC.
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June 06, 2018, 06:45:43 PM
 #494

Yes, if I believe in the project and I know it's legit, I don't see a problem at all.
Thats how I think too

Also KYC may be mandatory for local regulations so it should be a good sign that the project is serious

A lot of crypto goes on privacy , but to get legitimate I think this is part of the way
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June 06, 2018, 06:56:14 PM
 #495

I heartily consider that KYC ain´t a justifiable approach for non-dividend cryptocurrencies. These don´t own the legal support of financial assets and shall not have need of that system.
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June 06, 2018, 06:59:41 PM
 #496

It depends of the project, if the ICO project has a great potential , why not?
For now I see almost all ICOs require a KYC, and I think that in the future all the projects will require it.  Wink
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June 07, 2018, 10:08:55 AM
 #497

I think all of ICO`s that i encounter was requiring to do a KYC ,but be kind of every moves that you take because i read some article and its says that some of company that using kyc to be with.
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June 07, 2018, 10:14:08 AM
 #498

I never join ICOs that require KYC (know your customer). A lot of other people are also cautious about KYC. There are many instances of data leakages all over the world, so i don't feel it safe.
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June 07, 2018, 10:25:25 AM
Last edit: June 08, 2018, 11:31:06 AM by Weirdwas
 #499

Yes. I don't see much reliable ICOs that don't ask for KYC actually. The main reason it's needed is more to know which country you are from rather than your personal info I think. I've never had problems with it so far but bitcoin is legal in my country so,
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June 07, 2018, 10:28:58 AM
 #500

Personally I don't think ico are suppose to ask for KYC because one of the beauty of crypto apart from being decentralised is anonymity.  I believe KYC is against that.
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