follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: KYC for ICO, is it good or bad idea?  (Read 6955 times)

Offline zarko

  • Baby Steps
  • *
  • Activity: 32
  • points:
    113
  • Karma: -5
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 21, 2018, 10:44:08 AM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
KYC for ICO, is it good or bad idea?
« on: November 05, 2018, 05:04:59 PM »
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

Altcoins Talks - Cryptocurrency Forum

KYC for ICO, is it good or bad idea?
« on: November 05, 2018, 05:04:59 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline purpleseven

  • Sr. Member
  • *
  • Activity: 353
  • points:
    2233
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 14, 2023, 06:36:12 AM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #1 on: November 05, 2018, 05:12:24 PM »
Buyer verification is important to comply with regulations. many money laundering cases that use crypto for crime. if according to the government, Kyc is needed, the ico project organizer must do it.

Offline Cutter Cute

  • Hero Member
  • *
  • Activity: 765
  • points:
    6648
  • Karma: 9
  • Maximus Coin
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: March 13, 2023, 01:01:29 PM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: KYC for ICO, is it good or bad idea?
« Reply #2 on: November 05, 2018, 05:24:50 PM »
It was an option, I saw several ico projects that did Kyc like Cibus, Cibus benefited a lot after a few weeks and the tokens were listed on the exchange, their web pages, whitepaper, and Tim disappeared.
there is no guarantee that the data you provide will be safe or not? I will see the project details before doing so.
        ▄▄█▀█▀█▀█▀█▄▄
     ▄█▀█ █▄█▄█▄█▄█ █▀█▄
   ▄█ █▄█████████████▄█▀█▄
  █▄▀███  ▀███████▀  ██▄███
 █▄▄████    ▀███▀    ███████
▐▄▄█████  █▄  ▀  ▄█  ███████▌
▐▄▄█████  ██▀   ▀██  ███████▌
▐▄▄█████  ▀  ▄█▄  ▀  ███████▌
 █▄▄██     ▄█████▄     █████
  █▀▄█▄▄▄▄█████████▄▄▄▄▀███
   ▀█ █▀█████████████▀█▄█▀
     ▀█▄█ █▀█▀█▀█▀█ █▄█▀
        ▀▀█▄█▄█▄█▄█▀▀
.
.Maximus Coin.
██
██
██
██
██
██
██
██
██
██
██
██
██
Building the world’s first ever
decentralized ecosystem backed by
the distributed cloud storage network.
.No Central Servers.
.No Privacy Breach.
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀▀▀▀▀▀▀▀▀▀▀
▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████▀    ▐███████
███████████    ▄▄█████████
▐██████████▀    ▀▀█████████▌
▐█████████▌       █████████▌
▐███████████    ███████████▌
███████████    ███████████
██████████    ██████████
▀████████▄  ▄████████▀
▀████████████████▀
▀▀▀▀▀▀▀▀▀▀▀▀

Offline halvin

  • Full Member
  • *
  • Activity: 136
  • points:
    259
  • Karma: -1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 04, 2024, 06:31:09 PM
    • View Profile

  • Total Badges: 13
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #3 on: November 05, 2018, 06:12:19 PM »
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.

Even you say that KYC helps reduce fraud projects, I think it's good to implement
FINANCEX || THE NEXT GENERATION EXCHANGE
━━━━━ ⋄❖⋄ PUBLIC ICO COUNTDOWN : ICO WEBSITE || Join NOW!!! ⋄❖⋄ ━━━━━
WhitePaper  ⋄❖⋄  Telegram  ⋄❖⋄  Facebook  ⋄❖⋄  Twitter ⋄❖⋄  Medium  ⋄❖⋄  Youtube  ⋄❖⋄  Linkedin  ⋄❖⋄  Reddit

JSD10M

  • Guest
Re: KYC for ICO, is it good or bad idea?
« Reply #4 on: November 05, 2018, 06:50:09 PM »
I do not know about you but it is a common practice now that founders or developers put their contact details (usually thru linkedin) on their own website so I do no think there is a need for KYC for "sellers". It is up to you now as an investor to verify if the info posted by the team is legit.

Offline hyipmentor

  • Full Member
  • *
  • Activity: 175
  • points:
    321
  • Karma: -1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 31, 2020, 10:39:25 PM
    • View Profile

  • Total Badges: 15
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #5 on: November 05, 2018, 07:28:04 PM »
actually its safe and risky both.
but i think the project which taking kyc in ico will not use kyc info to negative things.

Offline trauchot

  • Legendary
  • *
  • Activity: 3490
  • points:
    50924
  • Karma: 75
  • EGO - TOKEN IS WORTH YOUR ATTENTION.
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 10, 2023, 01:09:00 PM
    • View Profile

  • Total Badges: 26
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: KYC for ICO, is it good or bad idea?
« Reply #6 on: November 05, 2018, 07:31:12 PM »
If this applies specifically to investing in ICO, then yes, KYC is needed because it is not known who can invest in the company and then there will be problems because of this, but not all companies apply KYC for investments in their project.
▄▄▄███████▄▄▄
▄▄███▀▀▀     ▀▀▀███▄▄
▄██▀▀  ▄▄▄█████▄▄▄  ▀▀██▄
██▀  ▄████▀▀   ▀▀████▄  ▀██
██▀  ▄██▀           ▀███  ▀██
████████████████            ███
███  ███                    ███
█████████████████████████▀  ███
██▄  ▀██▄           ▄██▀  ▄██
██▄  ▀████▄▄   ▄▄████▀  ▄██
▀██▄▄  ▀▀▀█████▀▀▀  ▄▄██▀
▀▀███▄▄▄     ▄▄▄███▀▀
▀▀▀███████▀▀▀
EGO    ██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
.
.TOKEN IS WORTH YOUR ATTENTION.







██
██
██
██
██
██



██
██
██
██
██
██
██
██
██
██
██████
██
██
██
██
██
██
██
██
██
██
██
██████
.
.
██████
██
██
██
██
██
██
██
██
██
██
██
██████
███████████████████████████████
███████████████████████████████
████▄          ▀██▀▀▀██████████
████████▀▀▀     ▐██▄▄▄█████████
█████████▄▄▄▄    ██████████████
███████████▄    ▐█████████████
███████████████████████████████
███████████████████████████████
███████████████████████████████
███████████████████████████████
███████████▄█▄███████▄█████████
███████████████████████████████
███████████████████████████████
.
.      BUY EGO      .

Altcoins Talks - Cryptocurrency Forum

Re: KYC for ICO, is it good or bad idea?
« Reply #6 on: November 05, 2018, 07:31:12 PM »


Offline napster

  • Full Member
  • *
  • Activity: 284
  • points:
    353
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: March 26, 2022, 05:24:30 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #7 on: November 05, 2018, 08:17:59 PM »
I don't see any reason to collect KYC documents from the investors to use in the project, but on the other hand, they need to eliminate some people for a reason.

Offline Citysatoshi

  • Full Member
  • *
  • Activity: 193
  • points:
    3124
  • Karma: 6
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: December 20, 2022, 07:43:58 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: KYC for ICO, is it good or bad idea?
« Reply #8 on: November 05, 2018, 08:30:46 PM »
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.

Offline DeKingCrypto

  • Sr. Member
  • *
  • Activity: 363
  • points:
    714
  • Karma: 8
  • Discos Project
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 21, 2021, 06:35:46 AM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #9 on: November 05, 2018, 08:32:34 PM »
KYC for ICO is not a bad idea at all, the only issue with KYC is when the company who run the KYC turns scam, then all those who submitted their information may be in problem.

Offline Ferki

  • Legendary
  • *
  • *
  • *
  • *
  • Activity: 3500
  • points:
    88545
  • Karma: 480
  • Observer only
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: March 01, 2024, 03:32:42 PM
    • View Profile

  • Total Badges: 29
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: KYC for ICO, is it good or bad idea?
« Reply #10 on: November 05, 2018, 08:35:08 PM »
Hi, everybody. With the development of cryptocurrencies and blockchain technology,not only good ideas and projects began to develop,but also those who want to get a lot of money on the HYIP,  use new technologies for their personal purposes. Projects began to carry out the KYC procedure for investors, airdrops, bounties to protect their projects from prosecution by the authorities, to improve security, to know their investors in person. But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.

Hi,zarko.You should use search button before you start tread like this one.Guess what,i have used search button and i´v found this tread at BCT forum.Hmm

Offline PreshB

  • Sr. Member
  • *
  • Activity: 552
  • points:
    694
  • Karma: 2
  • eLYQD ICO
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 14, 2019, 03:35:39 PM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #11 on: November 05, 2018, 10:35:31 PM »
Yes  KYC  is   not  a  bad  idea,  but  it  will  be  good  for  the  investors  and  not  the  employees.   Althiugh through  KYC  the  bad  bounty hunter's  can  be  eliminated.

Offline paolobaltimori

  • Sr. Member
  • *
  • Activity: 408
  • points:
    609
  • Karma: 1
  • BTCEX
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 23, 2019, 03:24:00 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #12 on: November 05, 2018, 10:39:34 PM »
KYC is now required for 99% of ICO and I really pay attention to ICO that do not require KYC because it's mandatory in most of countries so the can be potential scams
                 
                 
                 
                 
                 
         ██▄       
         █████▄       
         ████████▄     
▄         ████████▄     
███▄▄        ▀█████
███████▄▄       ██
▀██████████▄▄     
   ▀██████████▄▄     
       ▀██████████▄
           ▀█████████
               ▀█████
                   ▀█
BtcEX  Btc Exchange for Everyone
We offer the most profitable and 
comfortable exchange rates for cryptocurrency
     



█▄          █████▄
▐██▄       █████████▄
 █████▄   █████████
███████████████████
 ██████████████████
  ▐███████████████
   ██████████████
    ▀██████████▀
  ▄████████▀▀


▄███████████████████▄
█████████████████████
███████████▀      ███
███████████    ▄▄▄███
███████████    ██████
████████          ███
████████          ███
███████████    ██████
███████████    ██████
▀██████████    █████▀



               ▄▄████
         ▄▄▄█████████
   ▄▄▄███████▀ █████▌
██████████▀  ▄██████
 ▀█████▀   ▄████████
    ▀█   ▄█████████▌
     ▐█ ███████████
      ████ ▀██████▌
       █▀     ▀███

Offline aldi putra

  • Sr. Member
  • *
  • Activity: 428
  • points:
    530
  • Karma: 1
  • Citowise-Developing Cryptopayment Infrast
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 15, 2019, 02:24:22 AM
    • View Profile

  • Total Badges: 19
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #13 on: November 05, 2018, 11:00:09 PM »
yes I think KYC is needed for ico to avoid fraud and money laundering  but I'm a little bit afraid that the data I provide can be safe and the fear is flat that I give it to use for. crime

░░░░░░░░░░░░░░░░░░░░▄▄▄▄▄▄
░░░░░░░░░░░░░░░░░░▄████████▄
░░░░░░░░░░░░░░░░▐████████████▌
░░░░░░░░░░░░░░░▐██████████████▌
░░░░░░░░░░░░░░░████████████████
░░░░░░░░░░░░░░░▐██████████████▌
░░░░░░░░░░░░░░░██████████████▌
░░░░░░░░░░░░░░▄████████████▀
░░░░░░░░░░░░░░██████████▀▀
░░░░░░░░░░░░░██████▀▀
░░░░░░░░░░░░██████
░░░░░░░░░▄▄██████
░░░░░▄▄▄████████░░░░░░░░░░░░░░░░░▄▄▄▄▄▄
░░░▄████████████░░░░░░░░░░░░░░░▄████████▄
▐██████████████░░░░░░░░░░░░░▐████████████▌
▐███████████████░░░░░░░░░░░░▐██████████████▌
████████████████░░░░░░░░░░░░████████████████
▐██████████████▌░░░░░░░░░░░░▐██████████████▌
▐████████████▌░░░░░░░░░░░░░░▐████████████▌
░░░▀████████▀░░░░░░░░░░░░░░░░░░▀████████▀
░░░░░▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░▀▀▀▀▀▀
citowise 













Facebook  Youtube   Twitter   Medium
Telegram   Likedin    AltTalk  Github

Offline Stuart

  • Hero Member
  • *
  • Activity: 1170
  • points:
    13286
  • Karma: 22
  • BitMixList
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: October 11, 2024, 04:18:42 PM
    • View Profile

  • Total Badges: 24
    Badges: (View All)
    Sixth year Anniversary Fifth year Anniversary Fourth year Anniversary
Re: KYC for ICO, is it good or bad idea?
« Reply #14 on: November 06, 2018, 12:29:38 AM »
KYC is now a big process that all projects use in other to know more about their investors/buyers. On the other hand, if the company that is carrying out the KYC process is a scam, then the project itself is also a scam. And at that point, one will find difficulties to know whether the project is a scam or not. But KYC is a good development for all ICOs to take, as part of their screening process.

▀██░▐███████▄▄
███░▐██▀▀▀▀████▄
███░▐███████▀███
███░▐███████████
███░▐██▄▄▄▄▄████
███░▐██████████▄
███░▐███████▀████
███░▐████████████
███░▐████████████
███░▐██▄▄▄▄▄█████
▄██░▐██████████▀
.
BitMixList
██████
██
██
██
██
██
██
██
██
██
██
██
██████
██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
.
MIXERS EXCHANGES COORDINATORS
.

██████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
██████
██
██
██
██
██
██
██
██
██
██
██
██████
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
Altcoinstalks
.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
Bitcointalk
.

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod