Post
Topic
Board Economics
Re: Know Your Customer
by
BartS
on 26/04/2018, 16:57:11 UTC
I support KYC registration for ICO projects because it verifies the identity of the investor to reduce fraud in ICO projects. KYC also helps limit the speculation of investors using multiple accounts to buy large amounts of tokens and can dominate the crypto.
I disagree completely with this, why new projects need to know who you are? What is going to change for them if they know your name and where you live? Nothing, nothing is going to change the ico is going to be as successful as it could be, and I am also against limitations to the amount of tokens that you can buy, while I am not a whale and I do not invest in icos I do not see the point of that limitation, if someone wants to invest let him invest, it's his money he should be free to buy as many tokens as he wants besides by doing that icos limit the money that they could get out of investors.