Does KYC contribute to the success of an ICO?

[princessgirl]

KYC is not a factor to the success of an ICO. KYC which means Know Your Costumer is for verification purposes especially to check double entries and eliminate bot entries.
The factors necessary for the success of an ICO include the expertise of team behind the ICO, the feasibility of the idea on the market etc.

[Coin63@]

Yes Kyc is the greatest system of choosing a good bounty project, it is very effective method of avoiding scams bounty projects.

[Leebarnes]

I don't think so the success of the ICO is relying on the usage of the products and the expertise of the team plus a superstar's advisors KYC needed because it is a pre-requisite of the bank where the raised money of the ICO will be deposited.

[bdsharminsoltana]

KYC is not an indicator of the success of the ICO. But, I am of the opinion that if the team requires KYC means the project is less serious! At least my statistics show that in those programs of generosity in which participated where it was required to pass KYC they were not a Scam project. Yes, maybe they are not all collected hardcap but were not scams!

[Zed0X]

Not necessarily but it has an effect to the investors who would want to participate in the ICO.
Some consider KYC a good step to distributing coins/tokens to as many real people as possible. It prevents individuals from cheating and buying more than what he/she is allowed

[TERENCIO]

In the past hundreds of ICO are successful without KYC, therefore it has no  factor for the success of ICO. It's all about your product, team, advisors and communication to your potential investors.

[alltalk]

You are right, KYC doesn't determine the success of an ICO. It is applied to identify the information of investors or bounty hunters. I don't say KYC is not necessay. KYC is important in an ICO but the main factors contribute for the success of an ICO are the project ideas, team members, the quality of the products, and marketing plan + strategies.

[Shen033112]

Kyc is for the investor's who invest in their tokensale it has no connection to the success of a ICO's,if a project want their Bounty Campaigns to do KyC there is a reason that they have seen and they want to avoid cheaters and spammers participate in the Campaigns.

[Zurcemozz]

its just a security or helps the investor to know more about himself as a investor

[luvr1000]

in my opinion, projects should have this procedure, because with its help a lot of bots and multi-accounts are eliminated,  and as a rule it gives guarantees that we will receive coins

[Fenix]

KYC is not an indicator of the success of the ICO. But, I am of the opinion that if the team requires KYC means the project is less serious! At least my statistics show that in those programs of generosity in which participated where it was required to pass KYC they were not a Scam project. Yes, maybe they are not all collected hardcap but were not scams!

Why, I know some ICO projects whose team escaped along with the funds raised and confidential information from investors and participants of the ICO generosity campaigns.
I also believe that the ICO team is not entitled to require KYC bounty hunters, since we are not investors in ICO projects. A KYC check is not intended to identify duplicate bounty hunter accounts. For this, it is not necessary to violate our privacy rights.

[Azaleea]

You are right, KYC doesn't determine the success of an ICO. It is applied to identify the information of investors or bounty hunters. I don't say KYC is not necessay. KYC is important in an ICO but the main factors contribute for the success of an ICO are the project ideas, team members, the quality of the products, and marketing plan + strategies.

I agree mate. I think KYC doesnt determined then success of ICO..It just identity of investor and bounty hunters. I dont like that.

[fallenangel1789]

I think it is not. Too many small investors do not participate ICO's if KYC is required. Without KYC, I think, ICOs could collect more money.

[fulled]

KYC is just a method to preventing money laundering and illegal funding for terorism and something similar with it. KYC is not having impact for ICO progress

[ayatoslaw]

we all know that, that KYC has no relationship whatsoever with the success of a project,
and what makes the project successful is an experienced team, as well as clear concepts and goals.