Team also needs to pass KYC

[biznes35]

I can advise you not to pay attention to projects where the team is anonymous. This is initially a hoax. Don't listen to their pleas.

[Jaggi90]

I think this is a good idea. Atleast the scammers will have a fear and before starting any project they will think twice. If the team is not fake , they will surely support KYC as they will truly want their project to execute.

[april08]

Project owners identities should be made know to everybody; whitepapers and website information most times are not enough. KYC and other valuables should be submitted to Bitcoitalk and Blockchain platforms; it will reduce scam bounties in the system.

[elzjmirra]

Yes, what you said I thought could be material for the Team to consider. I personally agree that the Team must also go through KYC procedures and then the results can be published on the website. So if this applies, I think it's all very fair for bounty hunters. And increase trust in the public.

[smyslov]

Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?

They are already doing that, but they are faking it, so many ICO are caught using a profile from shutterstocks these are scam site with no real team behind it, I'm glad we have members of this forum who do extensive research on the status of ICO the list is now over 150 and still counting.

[Caladonian]

I think this is a good idea. Atleast the scammers will have a fear and before starting any project they will think twice. If the team is not fake , they will surely support KYC as they will truly want their project to execute.

Can't assure that, scammers will do their best just to collect money from Target investors, we do cater KYC as it's needed to participate to a certain projects even without any assurance from the team behind, if they showed their true identity with legit background checks it will give some good breathing from the investors.

KYC of the team behind with legit information will add trust and confidence from the target participants.

[anjho.ace]

Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?

I want this to happen and not just a simple KYC for them, they are about to get a huge amount of money to people all around the world.
They should have their KYC and permit to be regulated. this is for the best safe of everyone.
Also they must be the one who must be in charge if there will be a leak on the documents to be pass on them.

[TIDOVEE]

I don't know why we worry ourselves on why team has to go through KYC, well to me they are in charge and their personalty would have already being verified. Sincerely, the KYC they introduced was suppose to be for our safety. Eventhough, i don't also want it.but it helps to verify the authenticity of participants and thereby reduce scam.

[Siren]

I think this is a good idea. Atleast the scammers will have a fear and before starting any project they will think twice. If the team is not fake , they will surely support KYC as they will truly want their project to execute.

Remember that we are in a virtual world and anyone can pass fake KYC specially the Dev and Team since they are tech persons and has a mechanisto make things possible and sometimes even the impossible

But this is enough reason for us investors and also a bounty participants to have basis finding whats true and false regarding the people behind each project we were getting in

[steveabrahams]

I still can't believe people agreed with this. I mean, do you guys want your own KYC and your identity published to public? So people know your identity, you want that? Nope right? Then why the team needs to pass KYC to the public lol. Also KYC is for customer though.

[adterna]

I strongly agree that the ICO project team must pass the KYC test, because indeed there are very many frauds under the guise of ICO projects which are detrimental to investors and bounty hunters, not only investors and bounty hunters must pass KYC, the theme behind the ICO project must pass KYC

[Sacramentus]

Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?

this is absurd, how will team pass kyc? Who will conduct the kyc and verify it? This is a very funny topic. Well that's why regulations are need to scrub out the bad guys from the business. Kyc can only be done in a 3rd party websites like icobench etc

[stefany101]

Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?

Everytime we support a project or joining a bounty campaign, some projects requires KYC before joining in their programs. For me, it is a good idea if the development team will verify their KYC first, so that we supporters will have assurance from their project. Mostly, the info about th team is in their website  but there are times that some platforms are having some fake identity in their web and even in their social medias.

[ned.ryerson]

I strongly agree that the ICO project team must pass the KYC test, because indeed there are very many frauds under the guise of ICO projects which are detrimental to investors and bounty hunters, not only investors and bounty hunters must pass KYC, the theme behind the ICO project must pass KYC

You are absolutely right, but who can force the project team to go through KYC if the market is not regulated. when the regulation will come - then it will be possible

[insidertradingeverywhere]

Yes, I agree that the Team behind their ICO must pass KYC. So we know they are very real and we can also see their track record. And this looks very fair because bounty hunters also do KYC. So that everything can be transparent and this will reduce fraud.

It is very important they do, I wonder why they want to remain invisible to us and wants us to be visible to them, if any project does not have any hidden agenda or fear of failure for their project, I see no reasons why they should have any problem disclosing their identity to us too. They need us more than we do, we own our money and they are the ones that need our money to develop their projects. Projects doing KYC will also assist every investor to really know those they are dealing with and do proper verification on them using their details before getting involved in their projects.

I can understand why the team wants to save their privacy. But in this case, they shouldn't raise any funds on the public sales or any public offering. And yes, if the team will pass KYC it will make a great step to get more trust. But this doesn't solve any scam. We saw many ICO's that was public but became real scam

Yes, it would be nice that the project team also went through verification, but it is possible that something like a patent, or permission to participate in fees, if this happens on all projects, I think first of all many investors will have confidence in projects, and in cryptography in general .

[nightl]

Yes, I agree that the Team behind their ICO must pass KYC. So we know they are very real and we can also see their track record. And this looks very fair because bounty hunters also do KYC. So that everything can be transparent and this will reduce fraud.

It is very important they do, I wonder why they want to remain invisible to us and wants us to be visible to them, if any project does not have any hidden agenda or fear of failure for their project, I see no reasons why they should have any problem disclosing their identity to us too. They need us more than we do, we own our money and they are the ones that need our money to develop their projects. Projects doing KYC will also assist every investor to really know those they are dealing with and do proper verification on them using their details before getting involved in their projects.

I can understand why the team wants to save their privacy. But in this case, they shouldn't raise any funds on the public sales or any public offering. And yes, if the team will pass KYC it will make a great step to get more trust. But this doesn't solve any scam. We saw many ICO's that was public but became real scam

Yes, it would be nice that the project team also went through verification, but it is possible that something like a patent, or permission to participate in fees, if this happens on all projects, I think first of all many investors will have confidence in projects, and in cryptography in general .

t seems to me important to clarify that the team must pass KYC in places that are respected.
If we are talking about the state, then at least in serious states where they cannot escape from justice.
And not in any offshore zones, ofc!

[odranoel]

Yes, there are certain bounties who are in need to pass a KYC. I think the KYC is good because you will really know who are the members and the KYC also gives a bonus or merit to your bounties. Even a KYC has a long process but for me it is more safe to have a KYC in a bounty.

[george_hured]

We need responsibility for people who are trying to raise money for the development of the project. That KYC can really bring it all to clean water. Therefore, I can confidently state that KYC is necessary for developers.

[H1N1]

Investors and bounty hunters are mostly required to undergo KYC while the team behind the project itself are not known. And they scam people. I suggest the team should first pass a "KYC" test and publish it on their website before investors and hunters are also made to do same. What do you also think?

I think so, core team of the ICO should have done KYC. This is good for them too, because investors will come to buying their token if they passed KYC.
That's why on some ICO rating sites, there are some KYC procedures for the team.
If hunters must submit their identity to complete KYC, why the team not ?

[BlackFor3st]

You have a good point, this is totally the first thing to do in order for the investors and community supporters will support every project.
But sometimes, few investors were being tricked by fake identities. Therefore it is very important that the crypto community will create a solid verification protocol in order to avoid any fake identities that can pass the KYC process.

Though there are plenty of projects also that succeeds even though the team behind the projects are anonymous. I guess, KYC will be necessary only to those projects who have a team that didn't want to be anonymous.