That's the scam part I'm talking about. If they announce before bounty campaign then there is no problem. We can see that and decide not to join. There are way too many scam projects that collect personal information and sell it just like Facebook did. So why should we trust them?

Many companies require KYC now. It's a normal practice basically. But Pikcio counted very little tokens for each participant. So, I won't participate their KYC, it makes no sense.

Most of all, this development will be relevant for the banking sector, where customer data should remain in full safety. For banking institutions, this is an opportunity to make the process of collecting and exchanging customer data between other financial institutions automated. This project is also of interest to medical institutions and insurance companies. On the site everything is painted beautifully, but it seems to me that this is a Scam.

It is obviously a scam base on google definition .

SCAM = A fraudulent scheme performed by a dishonest individual, group, or company in an attempt obtain money or something else of value.