Author Topic: Does KYC contribute to the success of an ICO?  (Read 82 times)

Offline Redeye

  • Senior Staff
  • Jr Hero
  • *
  • Staff - moderator
  • ***
  • Posts: 212
  • Karma: 9
  • CryptoTalksWorld - Crypto most friendly forum
  • Referrals: 1
Does KYC contribute to the success of an ICO?
« on: October 10, 2018, 02:43:30 AM »
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.

Offline Renu Kapoor

  • Sr. Member
  • ****
  • Posts: 149
  • Karma: 1
  • Referrals: 0
Re: Does KYC contribute to the success of an ICO?
« Reply #1 on: October 10, 2018, 01:26:48 PM »
KYC is never related with any ICO, it is an information from the member participant in an ico for his confirmation regarding that he is not a fake member and a genuine case, KYC related to the ico's team who check and pick out the double entry.


                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
        █████           █████
        █████   █████   █████
        █████   █████   █████
        █████   █████   █████   █████
        █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████
        █████
        █████



   Borderless Trading with Jarvis Exchange
Whitepaper | Twitter | Facebook | Medium | Instagram

Offline Nidhi Bhatia

  • Jr Hero
  • *****
  • Posts: 251
  • Karma: 1
  • Referrals: 0
Re: Does KYC contribute to the success of an ICO?
« Reply #2 on: October 10, 2018, 01:55:39 PM »
How can KYC contribute to the success of an ICO. KYC is only a process follow by some projects to collect genuine information of bounty participants. Many projects have a strict condition where they will release hunters, bounty rewards after the participant KYC process only.
CASINOLIZETOKENS.COM - BUY THE TOKENS AND GET EQUIVALENT AMOUNT CREDITED TO YOUR CASINOLIZE.COM'S GAME ACCOUNT

Offline altcoin01

  • Sr. Member
  • ****
  • Posts: 203
  • Karma: 1
  • Referrals: 2
Re: Does KYC contribute to the success of an ICO?
« Reply #3 on: October 13, 2018, 12:53:02 PM »
Only the Fake Member can be identified from the KYC procedure, ICO succeeds in contributing more to his team's work.


                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
        █████           █████
        █████   █████   █████
        █████   █████   █████
        █████   █████   █████   █████
        █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████
        █████
        █████



   Borderless Trading with Jarvis Exchange
Whitepaper | Twitter | Facebook | Medium | Instagram

Offline daniel0659

  • Jr Hero
  • *****
  • Posts: 222
  • Karma: 0
  • Referrals: 0
Re: Does KYC contribute to the success of an ICO?
« Reply #4 on: October 18, 2018, 03:07:45 PM »
No l am not agree with this point. KYC could not contribute success of any projects. its a  only process ,demand for some of projects.

Offline lavskrypto

  • Senior Staff
  • Sr. Member
  • *
  • Staff - moderator
  • ***
  • Posts: 199
  • Karma: 4
  • Referrals: 8
Re: Does KYC contribute to the success of an ICO?
« Reply #5 on: October 18, 2018, 03:31:01 PM »
well , it's a great move by developers with regards to KYC checking but there's been a growing concern about the private data people keep on exposing to the ICO world.

Offline rohit78

  • Forum Promoter
  • Jr Hero
  • *****
  • Posts: 215
  • Karma: 0
  • Referrals: 0
Re: Does KYC contribute to the success of an ICO?
« Reply #6 on: October 18, 2018, 05:21:15 PM »
KYC does not have any contribution to the success of an ICO, it is just an information for team members to help that there are no double entries of participants in bounty.

Offline Icon

  • Moderator
  • Sr Hero
  • *****
  • Karma Associate
  • *****
  • Staff - moderator
  • ***
  • Posts: 320
  • Karma: 3
  • Referrals: 7
Re: Does KYC contribute to the success of an ICO?
« Reply #7 on: October 19, 2018, 05:59:33 PM »
I think KYC can rather be a cause for an ICO not to he successful. Most people would not want to give their personal details out just for tokens which might even turn out to be scam and so would stay away from de ICO and not invest.
[
CASINOLIZETOKENS.COM - BUY THE TOKENS AND GET EQUIVALENT AMOUNT CREDITED TO YOUR CASINOLIZE.COM'S GAME ACCOUNT

Offline Jaggi90

  • Member
  • **
  • Posts: 54
  • Karma: 0
  • Referrals: 0
Re: Does KYC contribute to the success of an ICO?
« Reply #8 on: November 09, 2018, 02:34:53 AM »
KYC only stops the greedy person to participate more than once in any campaign. But it caan not decide wether the ICO will succeed or not.

Offline jyotianand01

  • Forum Promoter
  • Sr. Member
  • *****
  • 3rd Degree Advisor
  • ***
  • Posts: 135
  • Karma: 3
  • Referrals: 22
Re: Does KYC contribute to the success of an ICO?
« Reply #9 on: November 10, 2018, 04:31:48 PM »
KYC has no relation with the success of any ICO as it is just a document to verify your credentials that you are a real investors if any issue comes regarding client verification.


                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
                        █████
        █████           █████
        █████   █████   █████
        █████   █████   █████
        █████   █████   █████   █████
        █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████   █████
█████   █████
        █████
        █████



   Borderless Trading with Jarvis Exchange
Whitepaper | Twitter | Facebook | Medium | Instagram

Offline TUDOZ

  • Sr. Member
  • ****
  • Posts: 152
  • Karma: 1
  • Referrals: 0
Re: Does KYC contribute to the success of an ICO?
« Reply #10 on: November 10, 2018, 08:46:02 PM »
No kyc does not contribute in anyway to the success of an ICO.

 

Donate to CTW Forum