Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Claus on August 13, 2018, 12:53:13 AM
-
Do we really need to submit our personal details to ICOs for buying the token or for participating in its bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purposes.
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and there is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC.
-
It has pros and cons as well,some of the ICO's require KYC to to participate on its presale to confirm where we are from because some counties have regulations and restrictions to ICO's so they need to make sure those people were kept away from participation.And the cons like our personal info maybe misused in they were scam organizers that is why we need to research about the project before participation.
-
Do we really need to submit our personal details to ICOs for buying the token or for participating in its bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purposes.
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and there is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC.
Some ico project required KYC because of their compliance in their country. But it is not good to investors, due to the confidentiality. It is up to the user, to you, if you want to make a compliance by this ico project.
-
if you plan to become an investor in an ico, yes it is required to do kyc. almost all ico now are having kyc process because it is one of the most important document they need to let you invest to their project.
-
I think it's necessary and unnecessary. It is necessary because ICO makers can find out where investors come from, sometimes U.S. refused to join ICO. No need because we are in a decentralized world, cryptocurrency, and blockchain are very anonymous. I hope they don't abuse KYC documents.
-
I think it is s good idea KYC is normal for purposes of safety terrorist cannot join into a big business like crpyto.
-
Some ICOs require KYC to investors who want to join the project they are working on. But some ICOs don't need that. If you are worried about giving KYC to an ICO, don't do it. Because now there are many hacking accounts. Therefore, be careful if you want to give KYC to an ICO.
-
Before we conclude it would be nice to examine the project in the ICO first. there is a lot of pro and contradiction occurring also about giving KYC to ICO projects, some projects in ICO need KYC to participate to confirm where we are from, maybe that is important for them. who disagree as our personal info is likely to be misused in their fraud scam that is why we need to research the project before participation.
-
some ICO's ICO need to know where investors come from?
so in case of some ICO's can't protect their product from hackers , how should they protect data of investors?