Why KYC is important?

[Nolkupit46]

Kyc is a great way to identify the scams and fake ico and customer. Some Kyc are looking for I'd card verification and some other details information.

[Malam90]

Kyc is a great way to identify the scams and fake ico and customer. Some Kyc are looking for I'd card verification and some other details information.

Yes, KYC (know your customer) is very important for identifying real customers and fake customers. But kyc for bounty hunters are valueless i think. They can be verified from bounty thread or filling form. Some projects take KYC from bounty hunters for harassment like need only passport. Passport is available for those people who want to go abroad. Its percentage is not more than 5% of the total population of that country but National Identity Card is available for 100% people. So it is should be flexible.

[Thegals]

KYC is needed to avoid cheating by creating multiple accounts to participate in the bounty and airdrop program. Whereas the ICO is needed to prevent money laundering transactions. So KYC is very good to apply.

[luvr1000]

I do not think that this procedure is important, for many projects it is simply not necessary, and I because of this implementation, many projects lose a large number of users

[VladEx]

The main reason is to prevent some illegal activity, so I consider that KYC is an important part of the crypto world

[I-Bit]

I do not think that this procedure is important, for many projects it is simply not necessary, and I because of this implementation, many projects lose a large number of users

I agree with you. In some projects, the KYC procedure only brings a negative impact on the number of participants, especially for a bounty program. Many people are afraid to lose their secret data by doing KYC process. So, they only choose a bounty with no KYC procedure.

[Princeraju]

Kyc is a great way to identify the scams and fake ico and customer. Some Kyc are looking for I'd card verification and some other details information.

Yes, Currently KYC is used for fraud. There was a huge fraud in the crypto market, due to which the market is still not good. So stay away from scam has introduced this method. This is a good method.so KYC is important. 

[Fenix]

KYC checking is illegal for bounty hunters. Not a single ICO team was able to indicate on the basis of what regulatory act they require us to undergo a KYC audit. The KYC check is carried out for a specific purpose - prevention of money laundering and the fight against the financing of terrorism. What attitude do bounty hunters have if we don’t invest in ICO projects? KYC verification should not be used for purposes other than those for which it is intended, because it is in itself a violation of the right to the confidentiality of an individual. I mean that it can not be used to identify multiple accounts in one member on this forum. For this there are other and more effective methods.

[Theroyals]

KYC is needed to prevent fraud in either the bounty or ICO program. Because our data will be used to validate our participation in the project. So KYC is very important for the project. If we want to comply with these rules, it must be followed, even if we don't follow it, it's okay.

[vegasus]

We all know that KYC will eliminate fraudsters and it is very needed for the team projects. I think it is a right way to provide KYC procedure. But I see there is no guarantee for the bounty hunter's data. It should be fixed to make bounty hunters feel secure and comfortable.

[Stavr1992]

KYC on the one hand is good. This increases the safety and quality of a project. However, if the project turns out to be a scam, then the documents can be used for unfriendly purposes.

[MUGNIA]

important is not important but if for the security or authenticity of the account,  what is wrong!
if for the bounty I am a little careful to do KYC, especially projects that are less clear and ask for KYC at the end of the campaign, the results good according to I will KYC, if not  I will not want KYC

[Ghozrd]

The KYC process is good and can reduce fraudsters who want to benefit from the fake identities they provide, I think if the new ICO requires KYC I will do it with a note that the projects I follow are really real

[maro101]

Definitely passing the KYC procedure has a number of advantages, however this does not give any guarantees that the project will be of high quality and will not deceive its investors.

[ComeBack]

Yeah, That's why it's really rare for me to do some KYC because it will going to give a risk to my documents. Think about it, I don't know but I'm also sure that some of them can really use those documents for something bad.