Crypto Project Team Should be KYCed

[elbans89]

Demanding that Cryptocurrency project owners should undergo a process of Verification by doing KYC is a good idea but there's a problem here, what if the project team supplies wrong informations about them because some scamming project team supplies pictures with wrong identity, I think is also a good suggestion for them to be verified also like investors and bounty Hunter's.

KYC is good to protect for scammers and Multy account.
But If the team project is legitimate , not scammers I will share my ID for KYC.
But maybe several member here didn't to do KYC

[trauchot]

I completely agree that all team members of each cryptocurrency company must undergo KYC so that investors can check the real data of the developers of each cryptocurrency company, but unfortunately, a lot of cryptocurrency companies and their team members not do KYC, and also many cryptocurrency companies teams are anonymous and its very dangerous sign for investors.

[anshor1]

I completely agree that all team members of each cryptocurrency company must undergo KYC so that investors can check the real data of the developers of each cryptocurrency company, but unfortunately, a lot of cryptocurrency companies and their team members not do KYC, and also many cryptocurrency companies teams are anonymous and its very dangerous sign for investors.

If Investors must undergo KYC, I also agree.
It will reduce the  project scammers, because we all see too many scam projects. But  I think It depends on the rules of developer

[Anonylz]

please do as much as possible to avoid most projects and bounties that required your KYC. they are sellouts. they might sell your information and they will make money from it. please be careful. many are interested in collecting peoples data and selling it to a third party. be careful on who and which platform to perform your KYC to avoid loosing your vital information. apart from some exchanges. i will not provide my information to bounty campaigns.

True that and I am in total support of this but the problem most times is that, the Bounty projects will not announce this at the beginning of the bounty but until it is done and they will now come up with hunters should do KYC if they want to collect their earnings which are very bad.

[Astra]

I completely agree that all team members of each cryptocurrency company must undergo KYC so that investors can check the real data of the developers of each cryptocurrency company, but unfortunately, a lot of cryptocurrency companies and their team members not do KYC, and also many cryptocurrency companies teams are anonymous and its very dangerous sign for investors.

All KYC checks can be faked. Especially in the event that the project team itself will also establish the conditions for such a check. No need to reinvent the wheel. New projects must be registered and undergo appropriate verification by the state authorities at the place of registration. There is nothing easier and more reliable than the usual verification of documents by the relevant government agencies.

[densus88]

I completely agree that all team members of each cryptocurrency company must undergo KYC so that investors can check the real data of the developers of each cryptocurrency company, but unfortunately, a lot of cryptocurrency companies and their team members not do KYC, and also many cryptocurrency companies teams are anonymous and its very dangerous sign for investors.

All KYC checks can be faked. Especially in the event that the project team itself will also establish the conditions for such a check. No need to reinvent the wheel. New projects must be registered and undergo appropriate verification by the state authorities at the place of registration. There is nothing easier and more reliable than the usual verification of documents by the relevant government agencies.

I agree, I think crypto project teams should be KYCed, because there are many scammers be there.
Just create the new projects, raising funds then go.
It's really annoying.

[de_prof]

it's a good idea, If the project team must KYCed , to prevent scam projects.
Too easy to create and open the projects, I think It's the reason why there are many scam projects.
But , it depends on smart contract platform to arrange this

[gurunanakji777]

If the whole team of the project is KYCed. It definitely increases the trust of the investors/traders to invest in the project and yes it does not mean a guarantee of the success of the project. The team should not be anonymous in any condition. Even though we all know many of them use fake IDs this is also a big challenge to identify the fakesters.

[Speaker]

I never consider projects with an anonymous team. On the contrary, future users should know what kind of people are at the helm, what kind of background they have.

[bayiajaib]

I never consider projects with an anonymous team. On the contrary, future users should know what kind of people are at the helm, what kind of background they have.

I think it's not easy to detect the team anonymous or not, because They will use fake ID.
I think I agree if team project KYCed , It's a good idea to reduce scam projects.

[legend45]

good topic to comment here, I agree crypto project team should be KYCed.
Maybe the government should have regulations to connect smart contract platform to detect scammers.
Many scam projects there,

[Evgenklm]

This has always been the case, many projects ask for kyc when selling their tokens, regulators most likely do the rules, this is quite normal, and most of them treat this normally, if you want to buy coins, then please go through KYC.

[vegasus]

First,actually, this idea is good enough to decrease and eliminate decreased price.
But there are some notes.
Who will get their KYC?
Is there any platform that should realize this? Can we trust the KYC platform? Who will verified the KYC? This is exactly complex

[pelana vreo]

https://docs.pinksale.finance/important/kyc-and-audit-at-pinksale
Launch platforms like Pinksale I always use to find new projects, projects that run sales there are required to do KYC, but as I know, there is no guarantee that KYC can make projects successful, even projects like Bitgert and SHIB don't do KYC but they gain the trust of the community.
As for Bounties, I don't mind KYC, but some bounties are currently making payments on exchanges and that's great for avoiding scams.

[Arkann]

You can make money in alts but just remember it that most , I mean the vast majority are absolutely garbage with no future.