Post
Topic
Board Altcoin Discussion
Re: VOTE! Do you participate in ICO that requires KYC (your personal data)?
by
Fundamentals Of
on 13/03/2018, 02:28:47 UTC
The requirement to pass the KYC (know-your-customer) test from the ICO companies is really a big problem both for investors in ICO campaigns and start-ups.


Some people (contributors) don't like to leave personal information to start-ups. What about you?
Would you participate in ICO if you like the project but your personal info is required? Please vote.

This poll will help ICOs to decide what should they do with this issue: apply KYC/AML and get lower rate of contributors or don't apply and get more contributors.

I understand that the majority of us, ICO investors, do not like the new mechanism installed in several ICOs right now. This KYC/AML addition has been received by ICO investors with frowning faces. However, I think I personally do not have any concern against this. For me, at least my personal take on this, this is not something that will put our information in jeopardy. On the contrary, this is for our safety to a certain extent. It would be bad for cryptocurrency in general if ICOs will be used by lawless elements to make money and use the same to terrorize us in any way possible. ICO is a great source of money that is why projects need to know the particular individuals that joined their ICOs.