Topic: KYC for Airdrops: A bad precedence - page 49. (Read 198064 times)
I hate kyc, it annoys me, and my personal information can be stolen without anyone's security.
This is terrible news. KYC is a bad influence for investment and for rewards for the bounty program. Now it is included even for airdrops. What's next? Will you force to pass it when you need to turn on the computer?
Yes, I agree with you buddy, I 100% reject the rules of KYC, do we all ever think if our personal data fall into the fraudsters? this will be very troublesome and become a new problem in our life
if i was in your place, i would never send them my papers, it's risky to send your id or passport to a unknown entity or orgatisationg for some free tokens! I can't feel safe when i do that tbh!
Your observations is correct and timely,naturally KYC is meant for investors and not for bounty hunters,investors KYC is needed because of the funds they are investing especially if the money is above $1000 any amount less should not attract KYC.
But the problem here is alot of bounty hunters or airdrop participants are looking to cheat the system. So KYC is a small measures to avoid this problem. Else the legit money will get into the fraud participants which actually is unfair to the honest users. 
Why would you even want to do KYC for an airdrop? Unfortunately now sometimes they require KYC for bounties after the campaign is done so you are kinda obligated to do it otherwise your work would be for nothing, i hate that very much.
If our data is provided to a person we don't know, it can also be used as a crime to avoid cheating on bonuses, so if the airdrop project wants to avoid fraud, the reward must be done in another way.
Your observations is correct and timely,naturally KYC is meant for investors and not for bounty hunters,investors KYC is needed because of the funds they are investing especially if the money is above $1000 any amount less should not attract KYC.
Complete agreement. I don't like KYC. one of the reasons I became interested in cryptocurrency is anonymity.
I think if airdrop asks KYC it is a very unreasonable thing, because airdrop is just a free coin that has a value of only $ 30 .. since a few months ago a lot of airdrop scam and now they ask for our identity ... I strongly disagree about this
I always avoid KYC for Airdrops. The potential benefit is just not worth doing the effort and giving away your personal details
This is terrible news. KYC is a bad influence for investment and for rewards for the bounty program. Now it is included even for airdrops. What's next? Will you force to pass it when you need to turn on the computer?
Seriously i am also highly against that idea of bounty hunters going through a KYC,for goodness sake that should be mentioned at the beginning of the bounty campaign and people who dont mind will join but to wait till the end and ask for KYC documents is just below the belt
Updated
KuCoin New KYC System Went Live Today
https://news.kucoin.com/en/kucoin-new-kyc-system-went-live-today/
for airdrops i don't sell my data. i prefer to be a bit careful. for ico ok. for airdrops but only if it is really clear that it is not a scam.
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.
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.
I agree with you. if the airdrop project asks for verify KYC should ignore and leave.
I guess it's not necessary, if for ico investment I might get it and make sense. but not with airdrop that only distributes tokens for free.
It's unpleasant, of course, but in most cases the person glows and shakes himself.
Plus, leaks from the organizers of the ICO are also doing things.
And people talk a lot of language or like to brag about their money.
Be careful and pretend you go to work or doing freelance
Plus, leaks from the organizers of the ICO are also doing things.
And people talk a lot of language or like to brag about their money.
Be careful and pretend you go to work or doing freelance
If it's a bounty or investments in ICO, then it would be reasonable if you need KYC. of course, this also viewed from the payment received is also great. but based on the experience of the airdrop with results that are not too large but need KYC. then I think that it is not enough with mercenary provided in airdrop.
Of course the very concept of crypto currency is contrary to the KYC procedure. What kind of anonymity can there be, if a person should provide a whole bunch of documents about his identity and address of residence..
But most likely companies require KYC, which prevent the distribution of coins to fake accounts. It is very easy for one person to create a lot of addresses of mail, purses and virtual mobile numbers (if necessary). And the organizers are trying to distribute the airdrop as many different people as possible.
But most likely companies require KYC, which prevent the distribution of coins to fake accounts. It is very easy for one person to create a lot of addresses of mail, purses and virtual mobile numbers (if necessary). And the organizers are trying to distribute the airdrop as many different people as possible.
Yeahh the KYC ish is getting much nowadays to claim bounty and even cheap airdrop tokens. It seems many projects are just trying to avoid having legal issues with SEC or any other govt bodies. I will show things could change back to how it used to be last year
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