Is KYC a guarantee to a successful project?

[pelana vreo]

KYC is not a guarantee that the project will be successful, even Bitcoin until now remains anonymous and does not need KYC for the success of this coin, government regulations make us obey the rules, but we do not have to fill out KYC forms on any project, because some data important, of course, they will be taken and stolen if the project turns out to be fake

[OptimusPrime]

Kyc also known as know your customer is never a guarantee to know a better a good projects.  There are projects that never asked for kyc and perform more than expected out there in the market.

[crypto101]

No it's not guarantee to be successful project, People do not trust KYC only because their data can get to the Internet.There are many companies that have already fallen very much and may not stand up,took people to confirm their identity.Where are those photos now?Perhaps already traded in the darknet.

[MUGNIA]

true if KYC is only part of one project's legal support, not as a project's success,
but now don't  do KYC if it's not worth it, there are too many data abuse cases out there

[tsakf]

true if KYC is only part of one project's legal support, not as a project's success,
but now don't  do KYC if it's not worth it, there are too many data abuse cases out there

I agree with you. Every time you do KYC, you increase the risk, of identity theft. I don't buy the hype, that if I don't do KYC, I have something to hide. I just protect, my identity.

[therozaq]

KYC which means Know Your Customer in more simple terms is a way through which companies, firms, projects or businesses get to know their clients and consumers of their products and services. Of late, it has become wide issue how investors and bounty hunters struggle to pass KYC in order to receive their hard worked for tokens. The whole issue is presented in way that makes one think that passing the KYC grants the success of the project.
To my best of knowledge, KYC is just for verfication and legal backing purposes. This does not grant the success of a project.

I think KYC to reduce multy account,  But It is a guarantee to successful project.  Yes,  I agree with you mate,  KYC is just verification and legal back purposes. There is several reason why the project be successful.  It is not KYC,  But team and product.

[sidkz]

those projects where I went through KYC these projects died and not one showed a good result
I think that in the future I will not participate in such projects

[Nanagyasi]

Of course, kyc is not a guarantee of successful project. I have participated in several projects that requested we do kyc but yet still the projects failed.

[aji678]

no, there are also projects that are scam after doing KYC. it could be, to attract bounty hunters and investors to join and get caught up in fraud. there is no guarantee when you do KYC, at least you can get tokens or coins if you pass KYC.

[debra]

Not at all. KYC is not the measurement of a successful project, This is the requirements for investors to buy or participate in the projects. To be successful, the project must have good products in the future with promising roadmap and development.

[Claus]

KYC does not guarantee ICO success and this is because there have been many projects that inculcate KYC in their project and it has failed son to me KYC does not guarantee success.

[Peter90]

KYC which means Know Your Customer in more simple terms is a way through which companies, firms, projects or businesses get to know their clients and consumers of their products and services. Of late, it has become wide issue how investors and bounty hunters struggle to pass KYC in order to receive their hard worked for tokens. The whole issue is presented in way that makes one think that passing the KYC grants the success of the project.
To my best of knowledge, KYC is just for verfication and legal backing purposes. This does not grant the success of a project.

KYC is no guarantee for success of course, but it is one of the conditions for a project to go widespread.

No it is not a guarantee but it was a requirement by the government

Exactly.

KYC is an essential part of regulations concerning cryptocurrencies.
There is no regulation without KYC.

Unregulated currencies will never become widespread.
People won't trust them. Companies, businesses, private and public institutions won't trust them.
They will suffer the competition of regulated cryptocurrencies. These last ones will get the support of public authorities.

Unregulated currencies will never be a substantial part of the economic system of a country.
They are deemed to be used only within the crypto-community.

[Seerge]

KYC in the Bounty campaign does not guarantee the success of the Cryptocurrency project.  Because this is done the aim is to identify the Bounty participants and to avoid cheating participants.  Therefore there are some people who do not agree if there is a Bounty Campaign using the KYC system, because they cannot register with multiple accounts.

[Keenly]

KYC in the Bounty campaign does not guarantee the success of the Cryptocurrency project.  Because this is done the aim is to identify the Bounty participants and to avoid cheating participants.  Therefore there are some people who do not agree if there is a Bounty Campaign using the KYC system, because they cannot register with multiple accounts.

So you say that there will be no success until people can create multiple accounts? The reason ?? Or I don’t understand something)

[alltalk]

No. There is no guarantee for sure. KYC won't guarantee the success of a project. The quality of the team and the project itself that can give the guarantee for the success of the project in the future. KYC is only the way to know the real data of investors, it is a good way but it doesn't determine the success.