Team also needs to pass KYC

[MOProgress]

If must say, it is very necessary for a project team to pass KYC and also make their profiles public, that can build the confidence f investors.

[Jack_Sin]

KYC is only applied to investors and sometimes to bounty hunters but I know the purpose of your complaint, often on a "scam association" thread board finding a number of projects with fake teams, they continue to operate ICO for ICO to cheat investors because there is no monitoring, there should be a kind of institution that gave ICO permission so that team data was recorded

[pinoycash]

KYC is only applied to investors and sometimes to bounty hunters but I know the purpose of your complaint, often on a "scam association" thread board finding a number of projects with fake teams, they continue to operate ICO for ICO to cheat investors because there is no monitoring, there should be a kind of institution that gave ICO permission so that team data was recorded

ICO Bench are offering KYC to ICO Project owners but still we are not sure if its a real KYC procedure or they just ask ICO owners to submit a valid ID or passport without further deeper research and evaluation.

[GregH37]

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?

KYC in ICO to me is just a waste of time and I will always pass once I see that it is the people who purchase a coin actually have to go through the KYC process.

The team in charge of this project are very much unknown by the investors and this is the main reason why KYC in ICO project should be done by the team involved in the project and not the investors since the method of payment is just cryptocurrency, KYC should only be carried out if users are going to make use of fiat in any way for purchasing tokens.

[raven7886]

  Team should present each member the best they can. They don`t need simple KYC, they need to do
much more than that. Presenting their past achievements, what school they finished, where they worked,
to say complete CV.
   KYC is a simple thing, team behind serious project should present their members much better, if they
didn`t they are not so serious, their project doesn`t have bright future.

It is a good way to go about selecting good project after all they need investors more than they need them because they are the ones that needs fund to build something that will give them a good future. The only setback I see in this is the implementation, since there is no body controlling them, the only thing that might force them into this is when a project practice this first and the response of investors to such project will ginger the rest to do so, otherwise, they will end up just seeing this and overlooking it.

We really need to know the team behind each project since we cannot travel away from our location to go and verify them in person but at least, their information will still help a bit.

[Baofeng]

Forgot about it, if people behind have no intentions of scamming investors then they will really show their faces, their accounts and online profiles. And I think that's the closest that we can know them. However, scammers won't do that, they will simply hide their real identify that's why we really need to be careful and do our due diligence before investing on projects

[gensol]

KYC is not an ultimate sign of a scam free project people can fake their ID just to scam people its not like those KYC docs gets verified by the issuer.

[slaman29]

I realize that this view is very good for investors and bounty hunters can avoid scammers. When the KYC form is applied to Teams, we look forward to your opinion will take place in the next coming time.

this is a brilliant idea .....
and of course the project team will not be afraid if their project is real and perhaps by applying KYC to the project team will make investors not hesitate to join their ICO

This is called due diligence. Which in the normal world of investment, you are expected to perform for yourself. At the most simple level due diligence is checking out their whitepaper, and making sure they are solid in the business proposal, the plan, the token economics, etc.

Then in fact, on a deeper level, you have to check the team out, are they actually real people? Are they capable of handling the projects, as in, do they have the right people and skills? A blockchain coder? A marketer? A networker?

[styca]

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?

Whenever you have a company, and that company has employees, of course those employees already need to prove their identities - it happens everywhere already.
Publication of KYC information is really a bad idea though, for obvious reasons. I don't think it should be a requirement that the team publish personal info that can so easily be used for illegal purposes by other people.

[Cemploon]

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?

What you say in my opinion is true because if their team provides correct information about their identity, the possibility of the project is not fraud. The team must be transparent for everything and there is nothing they cover. So that the bounty hunters done by KYC will also not be a problem.

[Bes19]

Kyc is know your CUSTOMER and mostly this is use in investors. Kyc for the team doesn't make sense but if you wanna be sure that they are legit i suggest they should atleast make a video and post it on youtube or somewhere else introducing themselves. That way, they will get their credibility.

[boazsalosa]

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 realize that this view is very good for investors and bounty hunters can avoid scammers. When the KYC form is applied to Teams, we look forward to your opinion will take place in the next coming time.

this is a brilliant idea .....
and of course the project team will not be afraid if their project is real and perhaps by applying KYC to the project team will make investors not hesitate to join their ICO

But to be ready the team must submit their data to do KYC? or make a post on this forum or their website that they have done KYC. but in my opinion it's good team verification is very important.

[miklesm]

I agree that the team members of any project should proof their identity, but it is rather difficult to implement, so Linkenin profiles are the best alternative for this procedure at the moment.

[LogitechMouse]

I agree with this. I think its not only the bounty hunters and investors that will send their KYC but also the team. Now the question is, are they willing to send their personal information to some random stupid people out there? I don't think so.

I think the best thing is to avoid this projects that requires KYC to the investors and bounty hunters.

[blockman]

This is why they reinvented ICOs and that's through STO's.

Most of the people here suggesting that before investing, you should know the team's background of that project before trusting them with your money.

[TIDOVEE]

I think the major reason why the KYC is set for bounty hunters and investors is that they may confirm more authenticity of participants, meanwhile we may have no write to query the authenticity of the ICO team than to be sure we are joining the valid project. I believe good ICO would be conducted by already screened and certified team.

[Samboo]

I agree with you on this matter. I think KYC requirement is just to avoid scams and make the business transparent. But in some cases, we can see that project team does not get their KYC passed. I have witnessed an crypto exchange scamming many traders of millions of rupees. It is BiteBTC. But the victims are worried as they do not know who is the owner of the exchange. What's surprising is that it is still operating and scamming traders.

[boty]

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?

Whenever you have a company, and that company has employees, of course those employees already need to prove their identities - it happens everywhere already.
Publication of KYC information is really a bad idea though, for obvious reasons. I don't think it should be a requirement that the team publish personal info that can so easily be used for illegal purposes by other people.

indeed KYC can provide information that is very important to a company or place that can give a positive impression, but you must know that such KYC can have a negative impact when your information falls into the hands of criminals who can use your identity for acts of crime.

[overnight03]

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?

It is a good and creative idea, which will increase the credibility of the project and attract more investors, projects that do not pass KYC will be judged to be of poor quality . I think projects should do that

[Muzika]

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?

The team publish their "PROFILE" in their website BUT we are not sure about it if they are really the people behind it, that is the problem,the team can fake their identity without knowing the truth behind their personality. I think ICO must be registered first and publish their certification before operating for the security of investors.