Is KYC a guarantee to a successful project?

[Domithra]

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.

[sidkz]

I do not think KYC is a guarantee of project success.
Those companies where I passed KYC did not show a good result but on the contrary

[Rofiastuti]

I do not think KYC is a guarantee of project success.
Those companies where I passed KYC did not show a good result but on the contrary

Agree with you guys, not necessarily if KYC is the determinant of the success of a project because many other factors support the success of a project, namely investors, project organizers and bounty hunters who are reliable in promoting the project.

[MrSpasybo]

KYC is one of the essentials for projects to overcome investment rules, attract big investors or simply make the project "look more professional". However, it is only a necessary condition, not a sufficient condition, it does not guarantee anything related to the project's ability to mobilize capital or the future.

[Zed0X]

Whoever thought KYC is a guarantee to a successful project is crazy. It is more of a hurdle to many retail investors. This is also one reason why ICOs swithed to IEOs, they (investors) would rather buy on exchanges without the hassle of submitting personal info to some group of people who created a token. 

[corr]

KYC is not at all a guarantee that the project is promising and will pay exactly. I think that on the contrary, if the project wants to declare itself and attract a large number of people wishing to invest and promote the project, then they need to abandon the KYC procedure. There are many people who do not like to give their personal data and I am including

[zilzylian]

I will never give a personal identity to a new project I have never known, now a centralized exchange requires all customers to do KYC because the new AML and Project regulations that are running a bounty will require participants to fill out KYC forms, there is no guarantee the project will succeed unless they have reached hardcap then run the project they developed according to the road map

[aiviaa485]

KYC is only for security documents in the event of money laundering.
It can be said that KYC is the last defense of a project for security and I am sure that with KYC it can be easy to arrest the person who committed money laundering.

[pacar_tiri]

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.

No,  I think KYC is not guarantee  to a successful  project.  I agree with you mate.  KYC is just for verification and legalbacking purposes.  But We must be carreful  to choose KYC.  If the project is scam, I afraid my personal  ID will be mis used.  I think...

[gotbounty]

I do not think KYC is a guarantee of project success.

Indeed. KYC is only a piece of many parts of a project. It is only about verification data. The main factors of a successful project will be determined by complex things. Quality team, good strategies, MVP, community supports, and many others.

[Marby]

Based on the experience that I have experienced, Kyc is not a guarantee for the success of a project in a gift campaign. It could be that this is just a trick of the project team so that the organized campaign seems right. It is not a fictitious project.  Kyc also does not match the expectations of bounty hunters.

[bountyecrire]

KYC means nothing obviously, but If an ICO does not require KYC then this is a red flag. Because that means they're not afraid of USA and China's regulations, which means their company could be in trouble in the future.

[May]

I have ever felt, we are only asked for formalities. The assurance of gift distribution to bounty hunters is still unclear. This means, we are not an indicator as a gift campaign project that gives a definite gift. So we must be able to choose which gift campaign project  which is not a fictitious project.

[gurunanakji777]

No there is no guarantee of success if the project requires your KYC but some people think other way like that project is legit but its not like that in my opinion. Certainly they ask KYC to follow the rules of the country the projects belongs to.

[zendicator]

I think kyc is not the proper measure to guarantee the success of a project. Most projects uses kyc for legal purposes in order to prohibit persons from other country which restricts the buying of crypto. For me the determinative factor is the community. A strong community will drive the price up of a coin. It really depends on the community imo.