Is KYC a guarantee to a successful project?

[Abusadeeq6]

KYC is routine way of verifying all the members engaging in a project and this don't guarantee a project to be successfully at all. this kyc is done to fish out the most greediness bounty hunters and illegal engagement on a project. KYC plays a role in that process

[trauchot]

Kyc is simply made to weed out the various cheaters who participated in the bounty company or airdrop from many different multi-accounts or simply to filter out people from those countries that can not participate in ICO/IEO or bounty/airdrop.

[Seeyy]

in my opinion, not really. based on my experience, projects that ask for kyc are not necessarily special projects. this can also be just a trick to attract the interests of the bounty campaigner.  accept anything from the project that asks for kyc.

[owmivmen]

Successful projects are seen from how their teams develop.  is it in accordance with the roadmap they have made and convinced investors of the advantages of the project.  KYC is used if the country where the project originates has regulations to verify buyers or investors of the project.

[Fenix]

Kyc is simply made to weed out the various cheaters who participated in the bounty company or airdrop from many different multi-accounts or simply to filter out people from those countries that can not participate in ICO/IEO or bounty/airdrop.

KYC was not created to weed out scammers on this or other similar forums. Such an audit should be carried out solely to prevent cases of dirty money laundering and to combat the financing of terrorism. Using it for other purposes is illegal, because it is connected with a violation of the rights of citizens to the confidentiality of the person.
KYC verification has nothing to do with the success of the ICO project.

[Alcor]

I see absolutely no difference between projects that require KYC testing and which do not require it, in terms of the further successful development of this project. I try to avoid the verification process because it is an additional risk factor for us as bounty hunters.

[Danus]

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.

The ICO era is over. Now this is not relevant. Invest in IEO

[Alcor]

Kyc is simply made to weed out the various cheaters who participated in the bounty company or airdrop from many different multi-accounts or simply to filter out people from those countries that can not participate in ICO/IEO or bounty/airdrop.

The KYC audit is not intended to screen out forum participants who violate its rules in ICO bounty projects. Such an audit should be carried out solely to prevent cases of dirty money laundering and to combat the financing of terrorism. This check does not give any guarantee to the participants of ICO bounty campaigns regarding the success of ICO projects.

[vanjava]

Not all projects are successful with KYC, but there are also projects without KYC that are actually successful. project success is not measured by the KYC, but is measured by how far the progress and can reach the target.

[Octoalts]

KYC is not a guarantee of the success of a Cryptocurrency project.  Because KYC's purpose is to find out the Identities of the people participating in the Project.  To my knowledge, the success of a Crypto project was greatly influenced by the products produced by the Crypto project.  The better the product they produce, the more it will attract the attention of investors.  Aside from products, a large community and professional project managers also influence the success of the Cryptocurrency project, not from KYC done by the project participants.

[naitik01]

I think KYC can only show transparency in the project, there is not much chance that the project will become successful.

[Delgboke]

It is just a process of knowing your customers any project that want to succeede can still succeede with the use of KYC it fail after kyc been carried out, it is in the hands of projects owners to make their projects successful even without the knowing your customers. So for me kyc doesn't quarrantee successful projects is for the project owners to work hard for their project to succeede.

[shadowdio]

In my opinion there is no guarantee to a success the project if they required KYC to investors and bounty hunters. I've seen many projects that required KYC, but many of them were failed, few only were successful and it's really risky if you pass KYC to them, you know it can be use to scam people using your information.

[Lanirex]

The success of the Cryptocurrency project did not result from the KYC process carried out by the Bounty participants, but the success of the project resulted from strong support from the community and the large number of people participating in the project.  The more people who participate will surely raise large funds, and the more funds collected will make it easier for the team to develop a Crypto project.

[tasyad12]

I used to think like that, kyc was only to get to know investors or bounty hunters, but over time I knew that kyc was also used to reduce fraud in the bounty program. KYC provides success? I don't think so, what determines success is teamwork and the project.