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Author Topic: Do you join ICOs that requires KYC?  (Read 4556 times)
yndye
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June 23, 2018, 11:57:29 AM
 #661

Well, I look first at the project if it is well designed and made of high quality then of course I participate in it and I will not be difficult to pass KYC!

Yes it depends on the project if it is worth it to join or not. Of course you wouldn't just immediately submit your documents if you think there is something fish with the project. If anything, a project that requires KYC for me is an advantage to an ICO because it would mean that they are just compliant with the authorities so that they wouldn't have any problems in the future and they can trace the flow of money.

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2Pac
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June 23, 2018, 11:59:23 AM
 #662

I never pass out my identification to any crypto related business. Crypto currency means privacy, anonymity, KYC regulations are against the nature of crypto currency business. I understand they have to deal with legal issues, but they are not crypto currencies, they are just digital tokens.
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June 23, 2018, 12:01:03 PM
 #663

I like to think people here are saying they are worried about their data falling into the wrong hands with dubious ICOs but then they have no qualms giving away money to these same dubious ICOs.

Myself, I haven't done any KYC for ICOs since the ones I participated in last year didn't have KYC processes. And one that I wanted to strangely didn't accept my documents (turned out not to be a good ICO in the end as they are still unlisted) so I saved myself some problems there.

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June 23, 2018, 12:20:49 PM
 #664

I though that all ICO`s was requiring to do a kyc (know your customers), we have no reasons to not passing our identity if we are truly investor,but make sure that the project that you choose is responsible ,because i heard some news that they`re using our identity for illegal things so make sure for it.

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June 23, 2018, 02:31:11 PM
 #665

I think that KYC in ICO is necessary. But as for the airdrop, then I think this is absolutely superfluous. Personally, I never do airdrops with KYC..I do not recommend you to participate in such airdrops.
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June 23, 2018, 04:55:02 PM
 #666

I think there is nothing wrong if you really have chosen a project for investment and are ready to invest in it your money then the passage of the procedure KYC should not cause you to abandon this project! But I do not advise to undergo KYC in different airdrop and dubious companies.
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June 23, 2018, 06:57:55 PM
 #667

Never do KYC for airdrops. Just for ICO investment.
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June 23, 2018, 06:59:44 PM
Merited by bixbem90 (5)
 #668

KYC is ok for prevent cheating, but a lot of project have hard to pass KYC or KYC algorithm working is not good as they expect. I see some project have a lot of people pass KYC and cheated huge amount of airdrop. That why i don't support project which have KYC and airdrop.

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June 23, 2018, 07:12:25 PM
 #669

Now KYC requires almost all ICO. I don't mind doing a KYC. I try to carefully choose the projects for investment. And so I'm sure the ico project is really safe.
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June 23, 2018, 07:13:40 PM
 #670

Being anonymous is fine yet make sure to only provide the document on the trusted ico and company only. You would never want to provide your data to theft and they could be used your document for the illegal purpose.
I'm fine with KYC as long as I know what is the purpose behind it.
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June 23, 2018, 07:24:35 PM
 #671

There is nothing bad in doing KYC on ICO especially if the ICO has every factors for being promising project. The purpose of KYC in ICO is to know everything about the investor that want to invest in the project
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June 23, 2018, 07:27:00 PM
 #672

Yes of course, i do join ico that involves kyc. I see nothing wrong with kyc. Kyc is very simple. It's make the admins know there customers.i don't know why some people run from ico that involves kyc.
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June 23, 2018, 07:49:14 PM
 #673

KYC in ICO or bounty should be done, because it is very effective to filter restricted country and multiaccount users , but it is true that very much ico and bounty require kyc but in the end it will only be misused, and ending in scam

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June 23, 2018, 07:51:36 PM
 #674

If the ICO had a successful sales then joined in it despite using a KYC does not matter. But if the ICO that gives only small results then better not. quite an unfortunate identity that we provide will be prone to abuse for such a thing. better looking safe from big risk should be on.

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June 23, 2018, 07:52:50 PM
 #675

I've experienced KYC before on a bounty but because of lots of scam ICO recently I choose a bounty that KYC is not needed for bounty participants because I am also afraid of misused of identity but if I am 100% sure that the ICO is legit then I don't mind giving my personal information.

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June 23, 2018, 07:56:26 PM
 #676

I took part in the Amaziks team's bounty, and I registered with KYC, and I do not like that they require a lot of personal documents, but I hope that everything is safe.

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June 23, 2018, 08:03:11 PM
 #677

I join ICO base on my trust and believe in what the project is out to offer, I do not have issue with KYC in as much it is without rigid rules , that need me to supply too much personal details, if its the basic identification am okay.I f I do not trust the project developer I opt out of the project as I migth not trust there Judgement.
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June 23, 2018, 08:15:15 PM
 #678

I really do not like it when companies require KYC. I'm always worried about fear, and I do not think that my data is used for scam  purposes. I took part in several of these projects.
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June 23, 2018, 08:24:37 PM
 #679

I think participating in an ICO is a personal decision. However, I don't think people participate in any ICO without trusting the project and if they request for KYC so far it's a trusted project why not.
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June 23, 2018, 08:28:41 PM
 #680

I have no any bad experience but some of mine friends had bad experience. So I think this reward from airdrop doesn't worth risks!

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