Is KYC a guarantee to a successful project?

[Unbunplease]

The KYC procedure does not guarantee anything.  It’s just that developers fear that they may encounter problems in a certain jurisdiction, and try to exclude them in advance ... Therefore, KYC is insurance for developers

[sampoerna]

What is the correlation between success and KYC? I think it only has a small correlation. KYC just gives a contribution to have trusted investors, so there are no fake identities and problems in the future. But the success won't only depend on KYC, it is about all parts in a project.

[juv3ntus1]

no,only the team can make a project successful ,kyc is used only to stop the citizen from Excluded Countries(USA,CHINA etc)  to participate in the token sale.

[Senin]

The presence of KYC verification in the ICO project cannot guarantee anything. The fact that the ICO team in the future will be easier then with jurisdiction after such verification, we know, but mostly only from the team itself. But I clearly see that when, at the end of the ICO or even after it, a KYC check is announced, this makes it possible not to pay the tokens earned by the bounty hunters for many months.

[Pegasus]

As things become blurry nowadays, obviously KYC is not enough to prove a project successful. It's very common that KYC can be cheated easily by bounty hunters. It can be cheated by project developers either. Besides, I never think KYC is a sign of a successful project.

[rizqillah]

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.

In my opinion  i think KYC is just verification.  Kyc is not a guarantee  to a successful  project.  Becaus there is several reason why the project  will successful.  It is not KYC.  Very potential  project,  good team and many investor buy their token

[sturec22]

No not at all. Actually most of the times I feel like the KYC askers are identity thieves. I know this is paranoid but asking KYC has no value for me considering the success of a project.

[Fenix]

No not at all. Actually most of the times I feel like the KYC askers are identity thieves. I know this is paranoid but asking KYC has no value for me considering the success of a project.

I also have a similar feeling when I hear about KYC verification after the ICO, in which I participated. This, of course, has no effect on success, but it becomes clear that we will not see our earned tokens for a long time. It starts with what we are told that there will be a KYC and wait, follow the information in our official website and in the group of telegrams. So, in ignorance, it lasts for several months, but the rating of the project grows due to the attendance of the site and the group of their telegrams. Then one day in the telegram information appears on the KYC and a short time and all those who are tired of visiting their telegrams, skip this period and lose the right to earned tokens. This deception is now working very effectively.

[tsakf]

I don't think so. People are trying new projects, and they may fail. There is a misconception, that KYC, has anything to offer to investors, The only advantage is, that, you can take legal action if needed. Although, you have to pay the costs for lawyers etc, without a guaranteed result.

[Stavr1992]

I have already passed KYS more than once. And from my own experience I was convinced that even if the project requires it, it’s not a fact that it will be successful in the future.

[I-Bit]

In fact, there are many startup projects that provide KYC procedure in their token sales, both for investors and bounty hunters, but finally the projects failed because of low interest from people to join. With this description, KYC never determines the success of a project.

[Payme21]

I truly do not see the need why bounties will be earned only after a successful kyc. Its absurd and entirely unnecessary to say the least

[Confero]

I don't think, KYC is not a guarantee for a successful project.  Because KYC is only done to recognize the customers that are done by the project manager.  So there's no reason that KYC will make the Cryptocurrency project a success.

[Quart]

What is the relation of KYC fulfillment and the success of the project? KYC is the way to know your customers. It is one of the requirements that the customers of the projects are available to purchase the coins or receive the rewards. So, I think it will not guarantee the success of the projects.

[marcsymons]

No it is not a guarantee but it was a requirement by the government thru regulation that every project will be required to apply KYC to their clients to ensure that the people who joined the investment is a legit person. Project success will always depend on the quality of the platform so that it could attract more people to invest.