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Author Topic: is the KYC a factor to the success of an ICO  (Read 3889 times)
badjoke
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September 14, 2018, 09:57:56 AM
 #1181

i don't see any relation between kyc and success . And i really don't understand why we have to make it anyway .

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September 14, 2018, 10:01:09 AM
 #1182

i don't see any relation between kyc and success . And i really don't understand why we have to make it anyway .

You are right, but this all will depend how an ico project will make their project successful, sometimes they are doing kyc because it is required by the country they live to avoid future conflicts.
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September 14, 2018, 10:01:28 AM
 #1183

I dont think so. Truth be told I dont think it has something to do with the venture. With or without kyc, an ICO will at present push through. Kyc is discretionary in an ICO. I think its principle objective is for security purposes. For the task, its a method for keeping track on their financial specialists and for the speculators its to some degree give them an affirmation on their ventures.
I agree with your review, however, the success of the project depends on the team, the product and their discipline which always keeps the roadmap in accordance with the schedule without asking for additional time. This is what the current projects do not have.

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September 14, 2018, 10:04:10 AM
 #1184

in my opinion, KYC one of them prevents people from making many of their first accounts when promoting bounties and preventing crimes and money laundering, with participants participating in the project, they cannot make fraud.
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September 14, 2018, 10:07:03 AM
 #1185

It seems to me that KYC is not the key to success. The exception is the cases when it is necessary for residents of the United States, Canada and China. In this case, without passing KYC, you will not be sold tokens.

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September 14, 2018, 10:11:10 AM
 #1186

KYC is a factor for the success of the ICO, because each individual has his / her identity listed in the project, the ICO team has held the participant's data when someone made cheating such as criminal, money laundering, then knows it.
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September 14, 2018, 10:11:54 AM
 #1187

I believe the addition of KYC in an ICO will definitely help as it will reduce the rate of scammers and it gives confidence to true participants thereby helping the successful growth of the ICO.
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September 14, 2018, 10:15:36 AM
 #1188

I dont think so. Truth be told I dont think it has something to do with the venture. With or without kyc, an ICO will at present push through. Kyc is discretionary in an ICO. I think its principle objective is for security purposes. For the task, its a method for keeping track on their financial specialists and for the speculators its to some degree give them an affirmation on their ventures.
I agree with your review, however, the success of the project depends on the team, the product and their discipline which always keeps the roadmap in accordance with the schedule without asking for additional time. This is what the current projects do not have.

I remember that they asked KYC because countries such as the United States, China, Singapore and some countries did not allow their citizens to join the ICO. But many ICOs are set up in Singapore, so they have to ask KYC from investors


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September 14, 2018, 10:16:22 AM
 #1189

Of course not. KYC can be entered for time delay. Remember the Envion project, which was introduced by KYC, which dragged on for a long time. But if KYC is introduced for bounty hunters, I would have thought about the success of the projects. But many developers are dictated by lawyers about KYC.

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September 14, 2018, 10:19:35 AM
 #1190

There are strict rules for the American (and also some other countries) people. Moreover ICO, of course, doesn't want to some problematic countries people like Syria. This is the main reason why they ask KYC.

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September 14, 2018, 10:41:21 AM
 #1191

rue KYC factor for the success of ICO, because it can detect people who make cheating, such as multi accounts, money laundering and fraud, but the ico team do not use maintaining strict identity, because we will be at risk if our personal data is used in an obscure or prohibited place cause criminal elements.
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September 14, 2018, 10:46:25 AM
 #1192

I believe the addition of KYC in an ICO will definitely help as it will reduce the rate of scammers and it gives confidence to true participants thereby helping the successful growth of the ICO.
Kyc is not helping i think because most investors are afraid on passing their identity using an online its prone for identity theft.

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September 14, 2018, 02:54:43 PM
 #1193

Absolutely not, in my opinion the KUS procedure does not affect anything. Projects take such measures only to get rid of fraud on the part of the participants. If the project is really very popular, then a large number of participants can create multiple accounts for participation.



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September 14, 2018, 03:00:13 PM
 #1194

I don't see any problems passing KYC if you are confident with the ICO. For me, the presence of the KYC gives more confidence in the seriousness of the campaign and in obeying the law.
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September 14, 2018, 03:04:13 PM
 #1195

I don't see any problems passing KYC if you are confident with the ICO. For me, the presence of the KYC gives more confidence in the seriousness of the campaign and in obeying the law.
well, it's just a legal compliance, because we know that some countries forbid the existence of ico, it will be a consideration for developers to see the background of their investors. if the role for success I think is not so great, but indeed Kyc will make the trust and security of the assets invested.

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September 14, 2018, 03:38:09 PM
 #1196

I don't see any problems passing KYC if you are confident with the ICO. For me, the presence of the KYC gives more confidence in the seriousness of the campaign and in obeying the law.
well, it's just a legal compliance, because we know that some countries forbid the existence of ico, it will be a consideration for developers to see the background of their investors. if the role for success I think is not so great, but indeed Kyc will make the trust and security of the assets invested.
if you don't have to fill in the data that is very privacy I don't think it's a problem. this is a new breakthrough made for the common good so I will support it.
KYC also aims to reduce the multy account so I think this is necessary but there must be new improvements or breakthroughs so that this is more accepted by the public.

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September 14, 2018, 03:56:13 PM
 #1197

It has nothing to do with the success and just for legal purposes. KYC implementation should be a way to filter  legit investors and not but with so many ICOs letting people use fake documents to pass KYC then it just means it does not serve its purpose at all.
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September 14, 2018, 04:06:28 PM
 #1198

It has nothing to do with the success and just for legal purposes. KYC implementation should be a way to filter  legit investors and not but with so many ICOs letting people use fake documents to pass KYC then it just means it does not serve its purpose at all.

KYC should not be able to stay around for long because those documents that they need does not verify anything.

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September 14, 2018, 04:16:05 PM
 #1199

No. In  my opinion,KYC is not affect to success of an ICO, I think factor to success of an ICO is team, idea of project(it is interested or not) with investors....
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September 14, 2018, 04:22:17 PM
 #1200

No, it's not. it's simply how to understand regarding the investors. KYC lost its quality once it comes on the each ICO comes currently. as a result of dangerous folks will simply manipulate KYC system. They bought it from others, so they submit KYC type, and also the reality is ninetieth faux KYC were accepted. So, i do not assume this a procedure to form ICO eminent.

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