Is KYC a guarantee to a successful project?

[alltalk]

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. 

I agree with you. KYC is only created to know well the identity of investors and bounty hunters. So, there is no strong correlation between project success and KYC. I think without KYC, a project also has a chance to be successful. But KYC is surely better to apply to know valid data of every people joining in the project.

[LogiC]

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. 

I agree with you. KYC is only created to know well the identity of investors and bounty hunters. So, there is no strong correlation between project success and KYC. I think without KYC, a project also has a chance to be successful. But KYC is surely better to apply to know valid data of every people joining in the project.

Sometimes yes, but not a basis of successful too. I hate KYC to be honest, bounty hunters should be confirm to avoid cheating but KYC isn't not a good way for us to be reviewed like that. I think, some of projects are to abusive when it regard to claiming tokens, giving vital identity information could be use for theft cases and blame it on the users. So Im avoiding projects that are pretty straight forward into KYC process unless I really like the project that much.

[Delgboke]

Kyc never quarrantee a successful projects is just a means of knowing those who invested in the project as a customer I think for a project to be successful it depends on the team that's behind the project for their hardwork and market strategy.

[Shahinaz]

the kyc process does not guarantee a project is successful,
now I see projects that do KYC just to avoid investor fraud
and for bounty   avoid cheats and multi accounts

[Coin63@]

I a'mnot fully agree with you because many projects which perform Kyc (know your customers) but they failed to arrange their project in ICO, IEO, and arranged exchange. Many projects without Kyc arrive their successful target. So Kyc is good but not a guarantee of a successful project.

[Luckyperson21]

Absolutely not. Project success can be achieved from several aspects, a strong and solid team, and products that are being developed. Moreover, every time, many new tokens that appear, if you want to make a new project, must be prepared with innovations that are different from the existing ones.

[Zemytha]

yeah right, KYC is only to avoid fraud, whether it's during the sale of tokens or bounties. However, KYC might be able to influence investor confidence. For example, all team members or advisors in the project have verified their identities. So it's not a fake team.

[Andruha1993]

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. 

I agree with you. KYC is only created to know well the identity of investors and bounty hunters. So, there is no strong correlation between project success and KYC. I think without KYC, a project also has a chance to be successful. But KYC is surely better to apply to know valid data of every people joining in the project.

Yes KYC is not considered a success. I have been participating in bounty companies for a long time and noticed that the projects that requested KYC were not always successful, many projects that did not request KYC brought more profit.

[Alcor]

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. 

I agree with you. KYC is only created to know well the identity of investors and bounty hunters. So, there is no strong correlation between project success and KYC. I think without KYC, a project also has a chance to be successful. But KYC is surely better to apply to know valid data of every people joining in the project.

KYC's task is not to know well the identities of investors and bounty hunters. The objective of the KYC audit is to prevent dirty money laundering and the fight against terrorist financing. Using KYC verification for another purpose is illegal. In any case, it should not be applied to bounty hunters.
In general, KYC verification has nothing to do with the success of ICO projects.

[masterrex]

I think it defends on 2 factors innovation and trustworthy, aside from KYC for its team members, its also important to any project how to be more competitive in the market how to be unique from the existing platforms. I believe that if those characteristics are present on the project that we are talking now. it maybe a guarantee to be successful project.

[Altcoin1998$]

Kyc is a systematic process of buyer detail information but it is not a guarantee of a successful project. Some illegal cheating projects will perform Kyc procedures.. And some not popular successful project don't show Kyc but fully successful project.

[moonuranus]

KYC is more of reducing fraud in the project, this will ensure a less possibilities of cheating in the project, but this will not guarantee a successful project, that will still depend on how the team of the project will deliver their product to its customers and how useful it will be to have a worth.
KYC alone is not enough to ensure safety of your investments.

[Noverteno]

I see no correlation between the requirement of the ICO project team to undergo a KYC check for investors and participants in bounty campaigns on the one hand, and the success of this project on the other. So far, holding KYC for me symbolizes as an opportunity and desire of the ICO team to deceive the bounty hunters, delay the payment process, or even refuse for the far-fetched reasons the bounty hunters of the earned tokens. We do not have to go through a KYC check.

[Bobcrypto]

In addition, KYC is not a guarantee for a successful ICO. It is just a way for new start up projects and the existing ones to establish a complete contact with their community member to reduce fruad or other forms of cheating in their various companies.