KYC and Airdrop Token - page 3. | Bitcointalksearch.org

dimonstration

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Dimon69

Quote from: andthereyou on August 01, 2018, 08:58:16 AM

Quote from: munareal on August 01, 2018, 02:49:11 AM

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process. Share your thought on this issue

If I were you I will not do KYC for airdrops. It's not worth it. In my case I only do KYC for bounty campaigns here in bitcointalk. Or maybe in ICO when the time comes that I decided to participate.

There's an high percentage of risks to give your identification in airdrops.
Stay away from that because it's too risky, especially we do not know if this is true or just part of a scam.
Just be careful on what the personal information that you give in any site.

andthereyou

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Quote from: munareal on August 01, 2018, 02:49:11 AM

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process. Share your thought on this issue

If I were you I will not do KYC for airdrops. It's not worth it. In my case I only do KYC for bounty campaigns here in bitcointalk. Or maybe in ICO when the time comes that I decided to participate.

magnat7691

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Rewards from airdrops usually do not amount to much, so you need to think about the time spent on KYC.

Pumuckel21

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Personally i do not participate in any airdrops that require an KYC. Most of the times airdrops arent even worth pretty much so its not worth to complete KYC

charlop24

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Quote from: munareal on August 01, 2018, 02:49:11 AM

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process. Share your thought on this issue

I personally believe that any airdrop asking for kyc is a scam, asking people to submit personal information to obtain an insignificant number of token is laughable. One could argue that its necessary for identification process and to curb the utilisation of multiple accounts, but I still believe that kyc is only necessary for investors who purchased the tokens. Going by the meaning of KYC - Know Your Customer / Client. Airdrop participants cannot be categorised as clients to the company because no transaction was made.

Aizhen05

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Quote from: munareal on August 01, 2018, 02:49:11 AM

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process. Share your thought on this issue

Some of airdrops are require identification the reason why they do that is to avoid multiple accounts but personally I think you should stay away from that, we're not sure if it's real profitable or a scam.

AzureDragon

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As for me. I against the KYC at the airdrops. Airdrop tokens should be free for charge becuase this is promotion. The aim of airdrops is to share some project to wide community.
KYC kills this aim.
But as for ICO that control may be usefull especially when developers return funds to their owners.

Osiris0

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In my opinion this is kind of bullsh*t but everyone is scared about newcoming regulation rules and SEC is not the only problem ico can have. It is bad but also good in the long-term...

4ernuy

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Do not participate in such campaigns, they just need your data. Your documents will be used for their purposes.

takngantuk

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Quote from: munareal on August 01, 2018, 02:49:11 AM

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process. Share your thought on this issue

provide personal data only for airdrop? does not seem worth it to me.
when new blockchain is introduced, we receive coins from airdrops free without any conditions. and my advice is better do not give your data only for airdrops because of the big risk

mazedk

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Of course it is up to project team decide what participants should do in order to be eligible for airdrop. But I think, the mandatory KYC contradicts to the soul of airdrop concept. Absence of KYC shouldn't be a problem from legal point of view, since no-one buy tokens or invest money in project.
Also, I am against to give personal information where it isn't realy needed. I personally don't want to share my documents for couple of bucks.a

Btcshawn2017

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That's the right thing to do have to ensure the validity of participants in receiving there rewards.

Cryptomonyet

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This is simply to avoid farming account if the project is legit or they just want to stole our data (if they are scammers). Most of airdrop participant is do KYC because of ppl who known as ( Clickbaiters ) that said you'll receive big amount if you passed kyc and using their refferal ( Onfortunately it's only make the refferer rich ). I even almost see this everyday, so sad Sad

redcandy

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I really don't understand why people still continue to join airdrops. Some ask for KYC only to avoid multi accounts. For airdrop I will not submit KYC

cryptoaddictchie

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Quote from: munareal on August 01, 2018, 02:49:11 AM

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process. Share your thought on this issue

This isnt good since KYC should only be implemented on investors but for the sake of removing fraud and cheater on airdrop campaigns this is a good precaution also if the amount of airdrop to be given is big. But if the reward for airdrop isn't that big, not worth it to give away some important details such as passport details and addresses this can be used on identity theft and might lead you to a bigger problem later on. More people will not agree with this. But me if the reason behind it is to eradicate harm then there's no problem at all.

Pecunia non olet

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Interesting when everyone here is talking that they will not provide their ID when it is required by aidrop, but I think that they do that Grin

Almost everyone who is doing airdrops believes that he will earn a lot of money and will do almost everything for that Cheesy

.

e@symode

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KYC in processes that have nothing to do with payments is a complete violation of human rights. This should not be the case, and moderators or advisers should do the same. But this is just a conversation and only my opinion.

ub27

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KYC is not required for an airdrop. They need KYC if there are too many cheaters in their airdrop system. But if they ask you KYC right at the registration, I advise you to stay away from it. Because your personal papers may be for sale for a variety of uses

Ostonian

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I had the only successful airdrop, in which I passed the procedure kyc, it was Polymath. It really was worth it because I earned about
$ 350 on it. And today's airdrops are probably not worth our attention, as many are scammers.

Esiky

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At the moment it is quite normal, it gives investors peace of mind like trading exchange
Often projects that capture KYC are always good projects and never scam investors. I just think so.

Topic: KYC and Airdrop Token - page 3. (Read 1553 times)