KYC for ICO, is it good or bad idea?

[Ulya63]

This is a very, very bad idea kyc nobody likes. Kyc must pass current investors who make their money and not bounty hunters. Unfortunately, these projects are not understood and ask for kyc at every opportunity.

[Diamond_Darrell]

To be honest, I very much doubt that someone will check this information in the near future. But the fact that certain fiscal services have the opportunity to learn about your assets confuses me personally

[nikotengik]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

kyc for ico? , if I think it's a bad idea. Why? , because the kyc is our personal information, for a bounty or airdrop, there is no need for vertification of kyc, because we also don't know whether the ico can maintain the security and confidentiality of our kyc

[kolonel_x]

KYC is the best way to buy or sell, even register in the market in my opinion because if at any time in a regulatory country about in the world of cryptocurrency is getting tight then the company is ready for a database of all users if the government asks for evidence...

[YinShuiSiYuan]

This is a very, very bad idea kyc nobody likes. Kyc must pass current investors who make their money and not bounty hunters. Unfortunately, these projects are not understood and ask for kyc at every opportunity.

In the case of investors, KYC makes sense because it is intended to prevent money laundering or other criminal activities. However, passing KYC by bounty hunters is pointless. They receive a work reward so they do not invest money directly in ICO.

[maligu]

KYC can reasonably avoid some money laundering criminal activities and avoid conflicts with some national laws prohibiting crypto. Therefore, KYC is necessary for investors, but I think KYC should set an investment amount standard ，for small ICO Investors do not need KYC, KYC is only for large investors.

[Jesabela04]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

I can't see anything wrong about it because it is just a way for every bounty campaigns and projects to know their costumers well. It is important that they will have enoug information about their costumers for security purposes. It is also for our own good.

[Ini35]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

I guess the point you are trying to drive at is making ICO CEOs to provide their personal details to the public in order to make investors to have more confidence in them.
Most projects provide some details of their CEO, team members, legal advisors and other advisors. It's just that most of them are fake and impersonating.

The only way you can detect this, is to do an intensive study on the team of such ICO.

[betece777]

I think if this is used for bounty hunters maybe with kyc and our personal data they can get them to sell to people who need it for what it is but if we sign up for gifts and do kyc it will risk our data and information leak and those who share it get profit

[jyotianand01]

Everything have its pros and cons but KYC is coming to stop illegal money to comes to the market and through KYC, every ICO company knows who is investing their funds and if any authority ask them about it, they can show the investors details. This will stop money laundering in this market.

[jbarcenas18]

For me, KYC is not helping an ICO to improve their system or avoiding double entry on such bounty because there are some ICO putting their personal data (their team) to encourage investor that they are true and legit. But after the ICO ends, the team will suddenly gone and no more conversation afterwards.

[Wong Gendheng]

I don't think it's necessary, and I hope that there is no more KYC in ICO and bounties, remember that privacy is important so KYC's presence actually makes investors and bounty hunters unwilling to participate.

[maligu]

Nothing is absolutely good or absolutely bad. KYC has a great effect on preventing scam and crime, but at the same time KYC also makes our privacy unsafe. Our KYC information is likely to be used illegally by some scammers.
For now, I think it’s obviously more important to protect personal privacy.

[ivaf]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

Great idea! I am ready to support this in every way!
And I even got into it. In the thread of one of the projects, I doubted the identity of his representative. And then he (the founder of the project) posted here, on the forum, his photo with a sheet with the current date (just as it is demanded of us). These actions of the project founder immediately removed many questions about the credibility of the project.

[Psalms23]

Although there could be some good reasons for the developers for the need of KYC in their ICOs, still I think this will scare a lot of investors knowing their personal information will be surrendered, and most participants in crypto prefer to be anonymous.

[rodolfolucas160]

If the ICO project in which I invest will require to pass the KYC, then I will do it, since I chose this particular project. Providing your data to airdrop and bounty companies is complete nonsense. Okay, I'm ready to take the KYC with the bounty companies, but airdrop???

i got many scam airdrop and get trash token, they just need my infomation with my kyc, their token will never listed on any where.

[valek.bruno]

First of all, you should definitely understand that KYC was created only for verification of people who invest in cryptocurrency, and here you need to understand that this is not just that, but for togo people who do not understand what they are doing.

[escalante28]

I think KYC is good and can be bad too. KYC is really mandatory when you are joining an ICO it because of the law and to prevent manipulation. It can be no good if the ICO team exposed or use our info in their own interest. For me KYC is good and shall be implemented but choose wisely. Hopefully those companies that asking for kyc should be responsible enough.

[clear cookies]

On my opinion KYC on ico is not a bad idea. I couldn't see any bad side for this. And ico's nowadays need to conduct kyc for investors to prevent malicious or fraudulent activities of thier investors.

[danherbias07]

Let us say it is your ticket to avoid scams.

If they want KYC's then they must have been listed by their government to do so. That is if they want to continue their project.
Just be sure though that they are doing it for that purpose and not just to get your information.

You are safer that way. At the end, it could also be another way to take whatever ICO price per token they have told from the start.