KYC for Airdrops: A bad precedence - page 44.

alan2here

hero member

Activity: 1778

Merit: 504

WorkAsPro

Quote from: yomarve on February 14, 2018, 05:30:31 PM

I have recently seen where bounty hunters were asked to present identifying documents. Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens.

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this, then it would become the norm.

We, bounty hunters always get into trouble and spend a lot of time doing KYC. I really do not like this idea, I do not trust the project. Can I send my information to another country to make bad deals, crazy!
I do not accept this and I agree with your point. I hope KYC will end, it affects too many individuals!

xenomorphe1

full member

Activity: 798

Merit: 103

I would avoid to pariticipate on thoses airdrop. It is not worth to give them your information just for an airdrop. Also they might be potential scammers and just want to sell or use your informations.

Without KYC, some are still selling/spamming your email and they have your ETH address. Also some just propose you to participate on other airdrops so they can get more airdrops.

Just don't participate if you don't want to do KYC. They are going to lose potential investors, but that's their problem.

rosebit

jr. member

Activity: 266

Merit: 1

To me i think its not too bad to do KYC for airdrop because if you can do it on bounty you can as well do it for airdrop it deosn't matter.

Natsuu

full member

Activity: 1148

Merit: 158

★Bitvest.io★ Play Plinko or Invest!

Is this a joke or what? A kyc in exchange of few tokens with uncertain value, I pass on this as I will never do this for the sake of free token. I just do trading and do bounty with my time and even it isn't free I know that in time it gives me a more decent profit than ever.

pharaon

full member

Activity: 753

Merit: 100

Quote from: yomarve on February 14, 2018, 05:30:31 PM

I have recently seen where bounty hunters were asked to present identifying documents. Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens.

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this, then it would become the norm.

Yes, now it is really more and more often required to go through the KYC procedure both in bounty programs and in airdrop, but we always have the choice to agree to transfer your data or not. On this I do not see any problems.

Nidhi Bhatia

copper member

Activity: 210

Merit: 0

Please don't send your personal information through KYC form, for only few tokens. I personally don't participate with airdrops who demanding for KYC. Personally I don't trust on airdrops. Most of them are not needed by the market. They are developed for data collection.

castiloros

sr. member

Activity: 770

Merit: 250

Save valuable identity, and if merely airdrop doesn't directly give because the value of dai airdrop is not worth the privacy of personal data. There are certainly great risks if until the identity of the kite is given for KYC. either where and for what the data will go then there will be no one knows. If paid then it can still be said to be reasonable requires KYC. But if the airdrop KYC is better avoided.

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: Hexcolyte on June 06, 2018, 03:51:57 AM

Imo, KYC should not be involved in ICO as well. I know it was required by regulation, but it certainly render the "decentralized crowdfunding" meaningless.

There is one upside tho, KYC can limit the investment amount of every participants, thus give everyone equal opportunity to invest.

That's the problem here, the ICO starter want to know where their client's fund coming from and know who is their client but the client by doing KYC also imposing themselves to the risk that their credential data might be sold everywhere maybe in the darknet.
I see some of ICO that do this, they are requiring people to submit their Gov ID and then the ICO turns out to be a scam, they are not announcing that the datas they got will be sold anywhere else but I'm pretty sure that they will since it's also an easy money.
Maybe we really need a platform that's verified by government to connect us into various ICO so that we will be fine.

Hexcolyte

full member

Activity: 490

Merit: 102

Imo, KYC should not be involved in ICO as well. I know it was required by regulation, but it certainly render the "decentralized crowdfunding" meaningless.

There is one upside tho, KYC can limit the investment amount of every participants, thus give everyone equal opportunity to invest.

Luclfer

member

Activity: 252

Merit: 10

My advice to you is not to participate in airdrop. Want to earn ? then join the bounty.
I'll tell you honestly that you can earn a lot more on bounty ! And the fact that you get your coins too 90 percent.

jamesclark

full member

Activity: 308

Merit: 100

This is very strange I would suggest to avoid a things like that, because evenrually you can get into a big troubles

Raiserpi

newbie

Activity: 322

Merit: 0

I can not understand what the Airdrop Campaign enter KYC? I can understand what investors need to pass KYC,but pass KYC bountyhunter its bad idea.It is not known what will happen to our documents and where they will be handed over or sold to someone

c4ptch4

newbie

Activity: 172

Merit: 0

I always avoid bounty or airdrop that requires us to do kyc because I don't know the data we provide will be stored well or not? because I am afraid that in the future the data we provide will be used as a very bad thing

Borisov

member

Activity: 336

Merit: 10

Previously, the passage of Kyc, meant that the project is more not Scam, now it is required wherever possible, even in airdrop, I became wary of projects that require the passage of Kyc

samidhu1

newbie

Activity: 210

Merit: 0

Submitting my KYC particulars for investing in an ICO is far better than doing it for an airdrop or a bounty. Sometimes the airdrop tokens that you get at the end will not be worth anything to write home about. Imagine doing a KYC and getting tokens worth $2.

lotfipro

full member

Activity: 434

Merit: 100

I do not agree with this, because the projects allocate their currency to other participants in order to promote their project and for this check the users so that there are no bots in the future, since you can lose most of the coins

enlightened

sr. member

Activity: 644

Merit: 250

There have always been many dissatisfied with KYC, many want everything to be anonymous, but few people think that there are still many people who live in countries where KYC is not required and other things will leave them as huge goals for local securities laws. It is not worthwhile for them in trying to do something about the book - they do it in your best interest.

Kennyflex

newbie

Activity: 107

Merit: 0

I dont know why the airdrop is require kyc, but i think it is because some greedy peoples who use multiple account to get free airdrop more.
so the developers use the kyc to prevent the multiple account in airdrop.

Fedoracoins

full member

Activity: 364

Merit: 100

I agree. I don't trust airdrop. Most of them are not needed by the market. They are created simply for data collection.

Red Ron

member

Activity: 350

Merit: 17

It's a way to get free documents from many people for free. Then these documents can be sold in a darknet and earn on it. It's a scam to demand documents to send coins for a few cents or dollars

Topic: KYC for Airdrops: A bad precedence - page 44. (Read 198107 times)