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Author Topic: Team also needs to pass KYC  (Read 1010 times)
crispyfry211
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April 19, 2019, 04:37:30 PM
 #221

Kyc for me is necessary for the developers and team to avoid a heavy scam of ICO because they are the bigtime scammers as they earn on ICO by investing of investors so they must the priority to have a kyc not the bounty hunters and investors.If they use kyc for team and developers we can avoid scams.
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Yahiris
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April 19, 2019, 04:45:50 PM
 #222

When team members require hunters to pass the KYC process, it is a must for the team members to pass the KYC as well. I would not risk my information to pass a KYC when the team members do not want to do the same.
You're absolutely right, the rules should be the same in such projects, because developers can get money and information about us in this way

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April 19, 2019, 04:49:48 PM
 #223

That's a poor due diligence on the part of the OP because in this day and age who invests in any ICO or bounty program whose team members are not known. If you invest your time or money into any project whose team is publicly known then i think they don't need any further KYC to prove their identity Grin

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pinoycash
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April 19, 2019, 08:53:33 PM
 #224

I agree that the project team must also confirm their identity, it will protect us from a large number of scams. Today, we can only judge a team if we study their profiles on Linkedin. But we can't really know if it's the same person. After passing KYC, developers will get more confidence from potential users and investors.

We have ICO bench to verify ICO owners identity while in the mastenode ecosystem we have KYD or know your developer as a KYC procedure. But its not enough to stop scammers from launching their project since ID's and Selfie Documents are available in the dark market and they can easily use those to verify their fake profiles.


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rarkenin
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April 19, 2019, 09:02:53 PM
 #225

KYC is essential for preventing the token abusers and bounty hunters. Sometimes, it is hard to control the whole database of investors and for simplifying it they ask about the documents. If there is an idea to regulate the ICOs then asking KYC from teams can be acceptable.
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