KYC for ICO, is it good or bad idea?

[AlaEhBTC]

For me it is a good idea to prevent money laundering and bots and multiple accounts to acquire a reward.

[elenka n]

In my opinion, for ICO KYC it is necessary for investors to really see who they are dealing with and whether this or that project will succeed!

[Kool5]

I have already written on this subject on this topic. KYS is needed only for registration in the company, and at the end IKO is no longer needed. The fact is that IKO lasts a long time after the end of the subscription company and KYC is forgotten. Even if you wrote posts for half a year. That is still half a year to wait for KYC.

[rat03gopoh]

It is a bad idea!!!
Why do developers need it?
Is that the law is necessary.

I'm not sure, they really need it. The main reason regarding citizenship (maybe). But does it cause significant loss, if someone from a country they don't wanna be their investor? shouldn't investors have to send their funds at the beginning?

[brandyy]

I'm currently working on my master thesis about ICO ratings (also considering KYC procedures). For this purpose I prepared a short survey (about 4 minutes) for ICO investors. If you could help me out here I'd be delighted. Your financial situation and behaviour will not be enquired and the results will solely be used for academic purposes.

Thanks a lot in advance!

http://grenoble.co1.qualtrics.com/jfe/form/SV_d4gMcVoRSMHkMZv

[biznes35]

This is a fairly common procedure that exists in banks and other financial institutions. I have nothing against identity verification in ICO, but here in airdrops...

[lizaangel321]

When large payments are made, KYC is very much needed so that the same person does not participate in bounty and in ISO. But I do not understand when the payment of a penny, and a difficult KYC have to take a very long time

[Iceblast]

kyc for ico can be a security step for investors before getting coins, because it can identify anyone who participates and that can be used as a way to avoid using coins for crime. that's a good idea

[filtyfrank251]

This is a fairly common procedure that exists in banks and other financial institutions. I have nothing against identity verification in ICO, but here in airdrops...

I like ICO projects or Bounty campaigns that capture us KYC, because now many fraud projects are coming out, if KYC will limit those scams that exist in this market, I know is not entirely against them, but also somewhat reduced,

[rickyis786]

we are divided in KYC isssue,its a bad idea for those who involve in money loundring and good idea for those play fair. but in my opinon its a good idea.
play fair play safe with KYC.... thanks. its decentralized technology but goverment want to control via KYC.

[Jadesola]

KYC for ICO is not a bad idea,it has alot of advantages when it comes to security and it will also aid the confidence of investors in that particular project.

[DeKingCrypto]

To me KYC for ICO is a good idea, the only bad thing about KYC is when the company you submit your KYC information to, now turn scam, that will put all those who participated in the KYC in danger, because their data can be misused.

[DominickA86]

I think it is a good idea, because I hate scammers, that are using multi accounts to cheat the community or the manager. Everyone should earn what he deserves. KYC will help to identify these people and kick them out.

[candy69]

I am not at all interested in participating projects that require KYC. I don't support it. As there is no guarantee that your data would be safe and it wouldn't get leaked by any third person. There days data is also very important and it can be traded with money.

[RinTohsaka]

I think KYC not only an advantage but also disadvantage. KYC project both safety and violation of privacy. In the world of cryptocurrency, it is hard to imagine KYC to interference.

[ParabellumLite]

This is a good way to identify real investors from the project team so that they can easily reach out to investors. It does not take long for people who do not want to invest in their project

[Nolimitz84]

I think this is a very good idea. Before posting about holding an ICO, you can not only throw off your documents, but also confirm your identity through a webcam. Only in this way we can keep investors and attract new ones.It remains to find those responsible for this work.

[profitgenerator212]

I think KYC for ICO is very bad idea. How many final products do you know? why must I send docs then?

If you don't want to send personal information to KYC, then you don't need to pay attention to that ICO. You should only KYC and participate in that ICO if you trust and evaluate it as a good ICO

[Liklopor]

I think KYC for ICO is a bad idea. because the project management does not give information about themselves but only collect it from investors and it is unknown how they use this information. confidentiality is violated.

[Coroline]

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 is used to find out investor data, I think it's only difficult because KYC can be made easily without having to be right with the real data themselves