KYC for ICO, is it good or bad idea?

[adterna]

I think KYC (Know Your Customer) is very good for ICO, because this rule makes investors list the origin of the funds that will be used to buy ICO, so that investors who will wash their money in cryptocurrency cannot wash it in the crypto world, and make the crypto world is not polluted.

[Falcon]

This step is purposely done with specific and special purpose to know the person (costumer) whom project partners. KYC is a wise decision to stop the fake persons who participate in the project. THE REAL PROBLEM IF THE PROJECT IS THE MAIN PROBLEM IF IT IS FAKE. That's the risk of complying KYC at the end waste of time

[Rituvohra01]

There are always mixed views on one thing, positive as well as negative. I think KYC is good for investors but not good for bounty hunters.Because through KYC our personal information can be exposed to the world.

[Hisbullah]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

I think It is good idea for investing $5000. It should use KYC. Because too many scams now. But I personally dont agree with KYC. It is not anonymous again.

[alstevenson]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

If you mean investing on ICOs, yes KYC is a good idea to prevent other investors cannot violate any law on their countries.

[eurcoin88]

Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

KYC is the best requirement to kick away those bounty abuser and to a fear on every participants. But being scammed and submitted a kyc is your own risk, much better to be review properly and be vigilant.

[Speaker]

Many do not go kyc and do not buy coins during the ico. It is much easier to wait for the release of the coin and buy without additional restrictions at a more attractive price.

[Rivaldi Kunkun]

The KYC procedure for ICO is a very good idea. In making investments made investors must do KYC and this is very important to recognize customers. And KYC is now used for Bounty and Airdrop participants. From my experience using KYC is very good and the project can definitely achieve success.

[damsix]

In all those businesses we must have a clear identity and that is definitely done with KYC.
The ICO business can generate billions of money and it is very important, because when there is a misunderstanding, then I can easily find people who already have KYC.

[Dynamite]

It is good move to ask a little bit information from your costumers to have an idea where they came from and what are their personal views as possible. I believe that it is risky because once you submitted your basic information possible that they will use your identity in unwanted situation.

[micjoh]

The procedure for using KYC is good and all ICO projects for prizes can use KYC.and implementing KYC has very positive things and can reduced the use of many accounts.How ever,you must be careful in this matter and do not easily sent your personal data to others.