Team also needs to pass KYC

[yobo2020]

Smile! This will be so amazing if this can come into existence but I believe that the team member will not involve in kyc, so that they we know that is not easy to disclose your credentials, even though kyc is use to reduce the rate of fraudulent act.

[vv181]

Well, I'd suggest you don't participate in any bounties that required an identity verification. It is actually far away from Bitcoin decentralized natures. I don't think its work to exchange our identity for a useless token that created for the scam in the first place. The solution is not to force the team to open their identity instead understand the value of your privacy, and the benefit of cryptocurrencies especially BItcoin.

[chocopapaya]

Eh, I don't think that will help to prevent scams.
KYC is so easy to get around.

Here's an example:
I had a colleague who wanted to invest in an ICO but Singaporeans weren't allowed.
So he simply googled a passport ID page and submitted that.
All he had to do was photoshop a couple things and Tadaaa! He is now a filipino.

For me, when I haven't been able to invest because I'm American.
I just ask my Chinese friend to do the kyc for me.

Devs will be able to similar things and more.
In a way, this could even increase scams because people foolishly think kyc means the ico is legitimate.

[okala]

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?

Very correct the team behind the project should be made to pass some form of identity test before being allowed to start a project, this will help to reduce the level of scam in the ICO market because fake team will not be able to pass the test if conducted properly.

[hummer113]

But they can force us to go through KYC if we want to participate, and we they don't, we can only miss such a project.

[Viceroy]

Good projects do not hide their team, on the contrary show it. We need to avoid projects that hide their team.

[mrdeposit]

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 will not be a solution for scam projects. Finding a fake identity is not difficult at present time. I also remember that there should be SEC's regulations about it.

[PuertoLibre]

Good projects do not hide their team, on the contrary show it. We need to avoid projects that hide their team.

Sometimes they need to hide the real person behind the  CEO in order to avoid the meaningless questions. Maybe the CEO has participated in unsuccessful ICOs and all of them are failed. Who knows?

[ifykiki]

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 true, the team of every new project should undergo and pass kyc to ensure credibility. At least it will to some extent promote transparency and reduce scam rates

[hyunee]

The term shouldn't be KYC, Know The Team(KTT) is probably the most appropriate. This KTT should be necessary for us to see on new teams taking their way in cryptocurrency. Day by day, scammers are on a high number. But the question is how can the people know they pass? Should we, validate their own personal info? 

[StephenJH]

Not a bad idea.  Teams need to understand the trouble they put in front of the investors and bounty hunters. Freelance workers are afraid of giving their documents in order to get accepted to the teams.

[tomahawk9]

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?

People don't get scammed by fraudulent projects just because they didn't know in-depth the team behind the project, most of the time, people are scammed because they failed to make a proper research about the project.

Having a KYC for the team behind an ICO could also be pointless as there are ways to falsify documents. But tbh, if investors begin to pour money blindly into projects just because they "know" who's behind X or Y project then they deserve to get scammed, I mean, that can't be the only thing that creates some sort of legitimacy and "safety" around ICOs.

[Danslip]

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?

Using the İCO review services can help to understand the KYC scheme. Scam projects also accumulate the data of customers and investors, later they simply leave the market.

[adzino]

Who are they going to send their KYC form? The KYC form is to be filled by people using their services, not the person who is providing the service. There is nothing you can actually do here. If they ask for KYC, you have to either leave the program or submit your identification. The KYC was mainly implemented so that the users can not abuse their bounty system. Unfortunately, there are people out there who initiates fake project and after scamming their users, they start selling their information too!

[shoreno]

Who are they going to send their KYC form?

They wont do the exact kyc but they must do some kind of verification in order to authenticate if they are really legit or not . they can send it to reputable person or company that serves as a filter to bust scam and frauds ico's .

The KYC was mainly implemented so that the users can not abuse their bounty system.

No thats not the main purpose on why kyc was invented but kyc can still be cheated because there are now service that offers fake kyc for the people that does not want to expose their identities  . abusers can use this way to bypass and continue abuse the bounty that has a kyc rule .

[ivaf]

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?

Absolutely correct thought! I’ve been writing about this on the forum for a long time.
But how to do that? Probably need some more independent service that will check the reality of the project team.

[drumamat]

Eh, I don't think that will help to prevent scams.
KYC is so easy to get around.

Here's an example:
I had a colleague who wanted to invest in an ICO but Singaporeans weren't allowed.
So he simply googled a passport ID page and submitted that.
All he had to do was photoshop a couple things and Tadaaa! He is now a filipino.

For me, when I haven't been able to invest because I'm American.
I just ask my Chinese friend to do the kyc for me.

Devs will be able to similar things and more.
In a way, this could even increase scams because people foolishly think kyc means the ico is legitimate.

You described a good scheme.And it seems to be used by many.I am not very worried about KYC passing. But this is why such an injustice — I (as a member of the bounty) —must go through this procedure, but the ICO leadership should not?I think with this application you can solve existing problems:https://www.civic.com/app

[tippytoes]

KYC stands for Know Your Customer it implemented only for all the investors of the project in order to know their credibility as an investor and make sure that the money their going to invest is not from illegal activities or money laundering.

For what I've known there are 2 reasons why KYC is implemented on the bounties:
1. To control the greed bounty hunters who uses different altcoin to abuse the campaign
2. To steal your Identity (Identity theft)

And for your topic which is team needs to pass KYC... and where are they going to conduct their KYC test? the thing here is that the investor and everyone of us should study the project first and don't easily give our personal information.

When you are talking about KYC stuff for the dev team, it will be answered by how far they are disclosing their profiles via the reference links such as linkedin, social media profiles and other works published. It is up to you to determine the authenticity of those given information. No one can really tell you, who is the legit or who is faking it? But even if they are providing you those personal info, it doesn't mean that they will not screw people. Most of them know how to get around laws and regulations and most of the time, they will register their project to a country with very loose crypto regulations. So it is really hard to come after them, if they run away.

[sadmaster]

Instead of complaining about KYC and implementing it to most bounties just try to avoid bounties with it. There are still a couple of bounty campaigns that don't require you to do so. There is no point even if their team do KYC it's still their own website and they can still manipulate the information written there.

[shooleh]

I think it's very interesting that the Team must be on KYC and they must show their achievements. Now KYC for bounty hunters because they have the opportunity to commit fraud. While from the ICO Team they were also often unprofessional and many ICO they handled failed.