KYC for Airdrops: A bad precedence - page 56.

laserfocused

member

Activity: 171

Merit: 10

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 really bad. I have never done air drops and this further ensures that I will not.

-HK-

full member

Activity: 294

Merit: 101

Hello people.

Quote from: CryptoJoop on April 05, 2018, 04:22:33 PM

Yes, KYC for Airdrops can be risky. When we participate in an ICO doing proper research to the project and sending our documents won't be a risk. But most people don't do any research in the Airdrops they participate in and could be a big problem when our documents fall into the hands of scammers.

On top of that, I have a Telegram channel where I list the Best Airdrops and since most people don't complete KYC for an Airdrop I miss out on a lot of ref bonus

this year I almost refused the drops, as the effectiveness of this activity has become very low, the time was spent the same as last year, if you still enter the identity check for KYC, the last desire to spend precious time on drops will dry up completely

better spend time on the bounty company and the same KYC

darkr

full member

Activity: 546

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.

I am also against distributing my personal data to unknown persons. I choose those companies that do not require documents because I earn money and do not engage in fraud.

Abugbilla

newbie

Activity: 121

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.

crenfrosck

member

Activity: 470

Merit: 12

What? This is unthinkable! Why would I put myself in the danger of submitting my real identity over the internet to some anonym that can use it in any illegal way? Sorry, but this is the craziest thing I have seen in a while. People that fall for this must be really crazy or irresponsible for their own privacy and really desperate to get that tokens. KYC does not work at all how it should as it was written over the forum several times, therefore I will never submit my real identity to the "project" without any team (if it is backed by some trustworthy institution, all right, but you are still on the Internet though).

SirEGB

member

Activity: 142

Merit: 10

More than anonymity there is a huge chance of misusing your valuable Documents . Initially i have submitted my document for KYC process now i am regretting submitting my original documents . Hope it will not be misused.

-VOL-

full member

Activity: 504

Merit: 102

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.

I think KYC for airdrops is good idea, because now there are lots of bots/multiaccaunts and they take money away from real people. So for me it is always ok to pass KYC. Choose good airdrops and send your KYC.
Good Luck.

CryptoJoop

jr. member

Activity: 322

Merit: 3

Yes, KYC for Airdrops can be risky. When we participate in an ICO doing proper research to the project and sending our documents won't be a risk. But most people don't do any research in the Airdrops they participate in and could be a big problem when our documents fall into the hands of scammers.

On top of that, I have a Telegram channel where I list the Best Airdrops and since most people don't complete KYC for an Airdrop I miss out on a lot of ref bonus

Zudalar

newbie

Activity: 90

Merit: 0

Quote from: Melech on April 05, 2018, 04:17:12 PM

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.

I do not see the point of taking part in airdrops now. Especially to go through the KYC procedure for this. I do not know what an attractive project should be, and what they should pay out for someone to agree to undergo the KYC procedure for the sake of the airdrop.

Stay far away from projects that are asking for you to do a KYC verification process. They will sell your information to whomever that ask for it.

Melech

sr. member

Activity: 406

Merit: 250

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.

I do not see the point of taking part in airdrops now. Especially to go through the KYC procedure for this. I do not know what an attractive project should be, and what they should pay out for someone to agree to undergo the KYC procedure for the sake of the airdrop.

amanarora_1

member

Activity: 448

Merit: 10

KYC is best way to get protect from hackers by real identity. But it should only apply on bounties because bounty coins always have huge amount. KYC in airdrops is really a bad precedence. I always fill all airdrops but now for this KYC, I have to leave some airdrops. We get little amount from airdrops that's why I don't think KYC should necessary!

Muzika

sr. member

Activity: 980

Merit: 261

Are they serious ? KYC for the airdrop ? It can be a solution for the airdrop not to be a scam ? Because airdrop is mostly a scam so if they do KYC this can be an assurance of not being a scam ? I think it is not nice for the airdrop to do kyc.

paxmao

legendary

Activity: 2436

Merit: 1634

Do not die for Putin

Airdrops are rarey worth the effort and lately the term is being used to describe bounty hunts like in the case of the ONION coin and others that say is airdrop when they mean bounty hunt.

Jemchugov

newbie

Activity: 97

Merit: 0

Time spent on kic I do not want to give for airdrops, especially when 90% of them are just garbage.

Crypcar10290

newbie

Activity: 98

Merit: 0

Quote from: r95222 on April 04, 2018, 03:02:45 PM

Guys, run from such airdrops! All data from KYC can be sold in darknet. All your documents are for more profit. Or do you think that all airdrops are for non-profit activity only?

What about the Exchanges sites, they ask for KYC to withdraw or fund the accounts, do they sell it too?

maliboom

full member

Activity: 308

Merit: 100

I keep thinking and arguing that this recognition procedure should not be applied to bounty campaign prizes.

Stradivarioos

member

Activity: 350

Merit: 11

I think that verification of your identity in airdrop should be at a lower level. If you participate in the bounty of the company then they may require documents.

retrend

sr. member

Activity: 476

Merit: 251

I think this makes it possible to greatly reduce the number of payments)

bitcoinvestor

hero member

Activity: 812

Merit: 501

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

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.

Airdrop is worth nothing you should leave it. It is waste time and energy. Airdrop has no liquidity, it is only the greedy developers who want to take your money once the token listed in the market. Some market no need liquidity to list a coin but in the end the coin will not grow. The developers are greedy because they may hold the coin more than 80 to 90 %. 10 % for airdrop. Are you crazy to trust such a kind of developers that ask ID for KYC. I think you are stupid if you insist to get the coin. You'd better join bounty programs from legit ICOs. It is better to make money in cryptocurrency world.

alfs75

full member

Activity: 392

Merit: 100

platform for everyday business

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.

Actually we have disame stands bro, regarding this implementation of kyc when doing ICO investment or bounty hunting,or now in airdrops because my opinion,maybe this personal information that we submitted in KYC can threaten our life in danger,and make our personal life in public,or those we passed document like passport,personal i.d information can be used in terrorism act.maybe im so exagerrated and over speculated but its for me i have a motto in life that "prevention is better than cure",so we look the cause before that situation would been happen.

Topic: KYC for Airdrops: A bad precedence - page 56. (Read 198107 times)