Team also needs to pass KYC

[Tylev]

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?

Of course, now a very abnormal situation has arisen in the activities of ICO, where the ICO team itself is not checked for fraud, but demands to be tested by others. And we all see that the fraudsters are much more among ICO teams than among investors and headhunters.

[Fluxtorrence9]

Its already happening you are not doing your research very well ,there are few ICO rating platforms out there that makes the project developers ,CEO ,CTO or even there teams go through KYC process to rate there ICO projects

[Russlenat]

Its already happening you are not doing your research very well ,there are few ICO rating platforms out there that makes the project developers ,CEO ,CTO or even there teams go through KYC process to rate there ICO projects

They should go first, otherwise there is no reason to trust them.
It's transparent and since they need our support and trust in order for them to get the funding, they have to give everything that every investors need to know.

[Yemolou]

Every team member must pass the KYC process, because if they are not verified, I would never invest in such a project. In my opinion there should be real people behind each project, otherwise I simply cannot trust them.

[Nwankwobtt]

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?

Review websites such as Icodrops and icobench usually get top team members go through kyc but I noticed that even when they don't pass kyc, their project still get listed somehow and it's bad

[burky156]

KYC is bullshit! You don't need to know about your customer in this cryptocurrency market, that was secret at the first years. Actually i came in to this world because of anonymousty, no one would know what i get or sell.. But i don't know how it started to change in time, everything turned in opposite way and now we have to send our passport and address to everywhere.. I believe that this market has broken and i don't trust it anymore..

[judeafante]

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 should be the one to do a KYC because they are the one who is going to hold the funds and we want to know who are the people behind the project that we are going to entrust our money, if we do not know who are the people behind it, there's a big chances that they are going to run away with the money.

[hellyah070]

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 about their accounts on linked In? Was that a weak form of information sharing to be explicit for the public to notice and verify them? I do not see any further personal verification happening there, just submitting and creating profiles which I find weak.

[elitemobb]

I think this should be a prerequisite for each project because we need to know whom we trust our funds and in case of project failure, if the project team tries to deceive us, we will know who they are and where to find them.

[auntyjmary]

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)

The part of KYC that scares me is the identity theft. The way KYC is becoming popular with many ICO projects is also not helping matters. Many crypto enthusiasts are obviously not comfortable giving out their personal details for the KYC process but how long can one stay away from projects that requires KYC verification.

[jumiapaul]

It's quite laughable to suggest that the team also needs to carry out kyc. From the definition, KYC is meant for customers who in this case are investors. The team could be known by their social media accounts, in most cases, they use their LinkedIn profile which we know are not totally reliable. It's best not to participate in project which are not trusted, as your kyc information could be sold to third parties.

[wxxyrqa]

It's quite laughable to suggest that the team also needs to carry out kyc. From the definition, KYC is meant for customers who in this case are investors. The team could be known by their social media accounts, in most cases, they use their LinkedIn profile which we know are not totally reliable. It's best not to participate in project which are not trusted, as your kyc information could be sold to third parties.

It seems to me that you still need to make independent organizations or structures that will control the developers and the whole team of new projects. To avoid fraud in the cryptocurrency market. Today, only investors and participants of the Bounty company are tested, but in most cases these are the people who are deceived, not the developers.

[dawai asmara]

I think this should be a prerequisite for each project because we need to know whom we trust our funds and in case of project failure, if the project team tries to deceive us, we will know who they are and where to find them.

agree, because now there are so many fraudsters that if there is a group of cheats, they can be sanctioned and they will not be able to take part in the project again.
this method will make investors or bounty hunters more trust in new projects.

[Necroface]

i think it is so good that teams have to pass kyc, but for investors why do they have to do this really i do not understand, also for bounty programs, they say we do not want multi accounts, but anyway if someone wants to do it multi, he-she may just use a friend's kyc, but i do not wanna give my identification to anyone else.

[Adriano2010]

Maybe most of bounties or ICO's who ask kyc are not so good and over time they maybe just steal our data if we do KYC, but i also think that most projects should be checked before to see if there are real data of teams or fake one and use fake names.

[Christinebeauty]

Because the team don't do identity verification to their investors, they are always at liberty to do whatever they like with the investors money. There should be a way out.

[lizarder]

For that problem, it was very difficult to tell them to do kyc because not all projects always do it, only a few projects do this, but that is also not a guarantee because I see that not all team members in all projects that fill the cyclic are the only teams who have positions it's important for example the CEO, CO Funder, COO

[giletto]

This is totally right.. The KYC which means know your customer should be applicable to all and sundry in the crypto sphere. It might be difficult to get the project developers profile details but then it is the right step to totally sanitising the crypto ecosystem. Teams should pass KYC before investors will invest in their platform

[diazepam666]

For that problem, it was very difficult to tell them to do kyc because not all projects always do it, only a few projects do this, but that is also not a guarantee because I see that not all team members in all projects that fill the cyclic are the only teams who have positions it's important for example the CEO, CO Funder, COO

Why so, nowadays some of the people verify themselves in the time ICO launch itself at listing sites with the KYC details. I am not asking to verify in listing it. Optionally, we can look at self verification on their own site itself.

When you are seeing the bounties or announcement with out proper team information, you must need to ignore such projects for your goodness and report them with the details you gathered on scam accusations.

[EdenHazard]

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?

How we can sure the project is legit if they don't reveal the teams? for some investors and bounty hunters to look a teams for the project that will be followed by them is the most important thing. If they hide an information about its teams then I'll assume the project will bring to the scam. You can look at the scam accusations section, there are many projects that use fake photo and fake identity for showing up in their projects and that is prohibited for this forum. So, if you find a project that hide the teams you have report in scam accusations because the project is not feasible to be promoted by bounty hunters and chosen as an investment place by investors.