Am done with KYC - page 27. | Bitcointalksearch.org

reynald70

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Quote from: smyslov on April 17, 2019, 01:11:51 AM

Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

KYC or no KYC it is still the project and the developers behind the project that matters, I can do KYC for a good project with good potential and will not do KYC to an ICO that cannot offer transparency and I think will only scam people it's how I perceived the project based on my criterias.

Yes, I also do KYC only for projects that really have good potential for the future, because if you only do KYC for bad projects, I'm afraid my identity will be at stake.

smyslov

sr. member

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Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

KYC or no KYC it is still the project and the developers behind the project that matters, I can do KYC for a good project with good potential and will not do KYC to an ICO that cannot offer transparency and I think will only scam people it's how I perceived the project based on my criterias.

Mianae

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Let's get one thing straight KYC is not a true representation of success some projects conclude their ICO exercise without investors doing KYC yet they're successful KYC came up in order to ensure the right investors invest in a project KYC shouldn't be done for bounty participants they're not investors.

TIDOVEE

sr. member

Activity: 1246

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I don't think I will ever like all the KYC palava maybe until we have no other choice that to do the KYC compulsorily , and I want to believe by then, they would have also known what they are doing. I always claim to defend the idea of KYC but I still see it as trying to make things unnecessarily difficult. Which to me is not producing something better than many other nonr KYC requesting project's.

waynechong1995

full member

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swing!

KYC is not cool though, by providing to them it's a form of liability for them to not misuse and such, but seems like fishy, weak, scammy projects are too busy masking rather than care about our identity, honestly I don't give my real identity online after a certain period too where many projects use KYC to create some sort of premium and exclusive feeling but just doesn't have the firepower to keep the project goes on

batang_bitcoin

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Quote from: aziziasa on April 16, 2019, 05:49:40 PM

But there are still many projects that use KYC procedures that can succeed and continue to grow. I think this all depends on how we determine the ICO project. If we continue to struggle and make our choices more carefully, surely there will be a reliable ICO project.

There might be reliable ICO projects but they are very few.

I don't think that it is really worth to use your IDs with a random project, yes you need to make your choices carefully mostly if your identity is involved for the approval.

globalpain

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The OGz Club

I am always selective in choosing the bounty that will be followed, indeed there are currently several bounties that do not pay because their projects fail and die, I always choose bounties that have good prospects and real products so they have little risk of failure, I always ensure the security of personal data what I gave before filling out the KYC at the bounty, there is indeed a risk of misuse of information given in KYC, but not all bounties that require KYC are harmful

oktana

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Eloncoin.org - Mars, here we come!

in some cases it is more often a failed project but still does some KYC and obviously it poses a big risk because we have provided some information from personal data, but so far there have also been cases of misuse of our own data when conducting KYC? If it's not there then we just need to be more careful in doing it.

Karlinz

copper member

Activity: 280

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What a lot of people failed to understand a that providing your KYC details to a project or any project that requires it is not a guarantee that the ICO is legit. Infact most scam projects followed this path to appear seemingly truthful. However, I am not bothered about providing my KYC details as I do not believe it should act as an indictment or used to incriminate me. Initially it used to be one of those deciding factors to know a legit ICO but recently it is no more

aziziasa

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Colletrix - Bridging the Physical and Virtual Worl

But there are still many projects that use KYC procedures that can succeed and continue to grow. I think this all depends on how we determine the ICO project. If we continue to struggle and make our choices more carefully, surely there will be a reliable ICO project.

LUCKMCFLY

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dacosta Osei-Tutu on March 24, 2019, 01:50:35 AM

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

I am currently in a project that went from ICO to STO, and they ask for the KYC, but they ask for it to avoid the fraud of obtaining tokens illegally with multicuentas, and they have detected many "CazaRecompensas" cheaters, that is the reason for the KYC . I think now that being with STO and using the KYC security filters gives Investors more confidence for Investment, they feel more secure and therefore confidence in the STO increases.

jpnl0005

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Its quiet annoying what most bounty program sdo to bounty hunters giving so much trobules and stress with no feed back at the end of the day to aavoid this i tend to choose projects without kyc its a delicate thing giving out personal information so we should be careful on it thanks

modmalaney

sr. member

Activity: 700

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Before you decide to join the ICO project. It is important to recognize the ICO project more closely and if you are in doubt, of course, you do not decide to join. Moreover, you decide to do KYC. KYC is currently a very serious conversation among bounty hunters. So don't be easily interested in doing KYC.

wedosgibas

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here we go

It depends, we have to really know them before giving personal data, that is, look at their team, is it transparent, are they real? Look for information, reviews, if project is quality and real, we will find reviews from major websites such as BitcoinExchangeGuide, updates from ICOdrops, or from their partners.

If for an exchange, almost same, find information, see reputation, review.
Not promising, but minimizes risk.

karagun125

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Last couple of years of bounty projects doesn't require kyc, now many bounty projects are requiring it and i think kyc for bounty campaigns is not necessary at all since there are several campaigns are just scam and fraud, they only use the profile information of bounty hunters.

itasannah

sr. member

Activity: 798

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It's too risky to provide personal data information. If you make a wrong choice, I think the result is that the project is not functioning and even dies. But you don't give up, and keep fighting. So you can take part in ICO projects that do not use KYC. And I think more projects that don't use KYC can achieve exchange.

Adhichan

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Quote from: jakelyson on April 15, 2019, 09:02:29 PM

Scammers will do anything to earn money. They create fake ICO to get personal data through KYC and scam investors for money. It is safer to not give away your personal information but if you really like the project and you see it is profitable, then you can give your information. Otherwise, refrain from signing KYC.

we have our own decision about this stages.moreover its about personal document that should not spreaded to another people.i am curious if they abuse our document for wrong purpose.

coinsycrip09

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Quote from: jakelyson on April 15, 2019, 09:02:29 PM

Scammers will do anything to earn money. They create fake ICO to get personal data through KYC and scam investors for money. It is safer to not give away your personal information but if you really like the project and you see it is profitable, then you can give your information. Otherwise, refrain from signing KYC.

that's right, i also signed KYC only when the project was a really good project.
indeed it will be very difficult to find out that the project is really real or just a scam project, that's why we have to have friends in the group to be able to exchange opinions.

i can ask friends and make joint research to find out whether the project is good or not.

jakelyson

legendary

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Scammers will do anything to earn money. They create fake ICO to get personal data through KYC and scam investors for money. It is safer to not give away your personal information but if you really like the project and you see it is profitable, then you can give your information. Otherwise, refrain from signing KYC.

ansarose1

member

Activity: 784

Merit: 10

I think this bounty projects now that requires kyc are there strategy for distributing rewards, if they provide kyc for their project, they know that some of the bounty members cannot do the kyc, in that case only few rewards they can distribute. That's what in my mind, let me know also from other's opinion.

Topic: Am done with KYC - page 27. (Read 22121 times)