KYC for ICO, is it good or bad idea?

[jyotianand01]

KYC in ICO to stop illegal money to comes in the market and for verification of real investors as many countries want to know the investors    identity and it is possible only through KYC documents.

[PRIBO247]

I think it is  better for investors and not necessarily for bounty hunters because we are like employees of the projects and not investor. many has complaint having do KYC for bounty which i have considered in my opinion, needless exercise becuase hunters are meant to promote the project through many social networks.

I quite agree with you. Projects should make kyc mandatory for investors so that no fraudulent practice is done but bounty hunters should not be included. We are their employees.

[Jereh]

I support kyc for icos .
It is a way of preventing fraud etc.
But mandatory kyc for bounty hunters doesn't make sense as some of the rewards are too small for one to give up private details.

[pelana vreo]

Yes, you can do it if there really is a procedure like you say, there is no other choice and we must follow the rules if we want to invest, I think KYC procedures are good for all investors but the data security of the customers of the ico project must be absolutely safe

[Aulia10]

KYC verification is very good for ICO because it avoids theft and to ensure that we have purchased it from the ICO

[altcoinhunter01]

KYC is a very good idea for ICO. From KYC scammer does not get any coin.

[Bruks]

I think it is  better for investors and not necessarily for bounty hunters because we are like employees of the projects and not investor. many has complaint having do KYC for bounty which i have considered in my opinion, needless exercise becuase hunters are meant to promote the project through many social networks.

I quite agree with you. Projects should make kyc mandatory for investors so that no fraudulent practice is done but bounty hunters should not be included. We are their employees.

This is the business of the team itself. Developers are trying to work in accordance with the law. But it is completely incomprehensible to me why teams introduce mandatory KYC passing for bounty participants.

[Stuart]

I think it is a bad idea to have a KYC procedure in a decentralise world of crypto currency.Giving your personal information to unknown people will compromise your security.You are also not sure if those who collect the data are trusted or not because selling personal data in the darkness is rampant.

You've gat a nice point there, but on the other hand, you are making an investment into a project, and without your details known, its not clear. Its more like being transparent to the project you are investing into. Lots of organizations are now using KYC process. There is risk, but transparency is needed too.

[Huntler1993]

Well if truly KYC is for purposely what you stated then no worries, my only problem is given out your personal details to an unknown identity. If this continues for sometime then investors anonymity will be tempered.

[Jereh]

Kyc on ico projects is good but what I do understand is having to do kyc for bounties.
Despite the fact that it's the wages for your work ....so why do we have to go through that stress just because we advertised a project.

[ankusharora1980]

It is good idea with the help of KYC they can stop fake parson to work on multiple ids but i would like to say kyc data must be in safe hands and make kyc process a bit easy for the user.

[Mut-coin]

I see from the good side that KYC can filter fake bounty hunters, with information about biodata to be accurate so that it will be difficult to cheat, bounty hunters to participate in projects with multiple accounts.

[PreshB]

 KYC  for  ICO  is  a  good  ideas  in   the  sense  that  it  play  a  vital  role ,  and  prevent  fake  hunter   from   having  access  to   our  wallet  or investment.

[Alcor]

It would be a very good and useful idea if at such forums the ICO team also went through a similar KYC check. Perhaps this would reduce the percentage of fraud among them and the popularity of ICO projects would increase.

[yetti]

KYC doesn't seem to be good because you have to be able to submit your identity to be able to get tokens and that will make your privacy not be saved properly because someone knows your privacy.