Quote from: Prolifik on January 29, 2019, 04:30:11 PM

Quote from: Bonwin on January 25, 2019, 07:57:53 PM

The decentralized nature of cryptocurrency seems not be effective when it comes to investing in cryptocurrency, seeing that investors in most cases are asked to do KYC, bounty hunters inclusive.

I do not think investors should be compelled or made to do KYC by submitting their personal data and documents, because project initiators do not stand any risk of losing their money. Rather project initiators or developers should be made to do KYC, in order to gain the trust of investors, who want to invest in their projects.

This is necessary because we have seen cases of scam ICOs, which have made investors to lose trust in a lot of them. So to gain the trust back, we would need to know whom we are giving our money to as investors.

And that is why ICOBench started with checking IDs of teams. You can find the green or red button on every listed ICO. Green means that team is successfully verified, red means that they didn´t pass the KYC process.

This is actually very influential in the future how the project works. If the team has been verified, of course it's very good. And just see how the project develops. With the verification team already done, of course scam projects will never be there again.