KYC for Airdrops: A bad precedence - page 63.

loloy

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Quote from: bitkanu on February 26, 2018, 10:22:25 AM

Quote from: MV7 on February 26, 2018, 10:03:26 AM

If an airdrop asks me for KYC documents, I nope right out of there.

All of the bounties I've done don't ask for KYC documents either, mainly because my earnings were on the medium side. I think for most ICOs, they only KYC large investors.

Despite the risk of being exposed or being stolen the data and sold to someone else in the dark net, the reward we may get from joining an airdrop simply too little. too much risk we must face for few dollars of reward.
Even if I were paid for $1000 to give up my data, I won't do that. So be careful guys. Someone might take advantage of this thing and you'll probably get yourself into a condition that's bad.

I strongly agree with the statement. Giving you real identity will expose ourself on wrong future modus.
KYC is good and some point - effective but knowing that giving your identity to the organizations you don't know then it will make you higher chance of getting into trouble in the future.
This is not really the most effective way to regulate ICOs or regulation everything precisely because we really don't know what happened next after we gave them our identity and our crypto assets will then exposed because nothing can be hidden even we're passing through thousands of wallets before getting into the original one.

Manchumichael

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Quote from: bitkanu on February 26, 2018, 10:22:25 AM

Quote from: MV7 on February 26, 2018, 10:03:26 AM

If an airdrop asks me for KYC documents, I nope right out of there.

All of the bounties I've done don't ask for KYC documents either, mainly because my earnings were on the medium side. I think for most ICOs, they only KYC large investors.

Despite the risk of being exposed or being stolen the data and sold to someone else in the dark net, the reward we may get from joining an airdrop simply too little. too much risk we must face for few dollars of reward.
Even if I were paid for $1000 to give up my data, I won't do that. So be careful guys. Someone might take advantage of this thing and you'll probably get yourself into a condition that's bad.

Better stay away from this kind of Airdrops don't entertain. I think no Airdrop will ask KYC but if someone asks means just ignore that airdrop. Giving our personal information to strangers is not safe. and can you please share in which Airdrop they asked KYC? because i joined many airdrops but no one asked me KYC.

Noctis Connor

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It is not nice to have a kyc on airdrop because it was free they can stole your identity on that so I'm against in that kyc, for me we don't need to do kyc in any campaign we work for it and giving your through identity is not appropriate and specially it is not sure that 100% they not going to use it on doing bad things so better to choose a camp that didn't use a kyc.

loloy

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Quote from: yomarve on February 14, 2018, 06:30:31 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 don't usually join airdrops because of the bad experiences in the past that most of them are scams and bogus and so many members who could prove that facts.
KYC seems one of the ideas that bumped my attention in the past weeks but I don't think KYC is necessary on Airdrops. Seems pretty awkward that giving your full identity but you'll end up on getting less or handful of free tokens and worst, you'll getting nothing.
KYC is a good way to proof that the receiver isn't bogus but in the real world, everything can be faked so there's no point those participants are giving their real ID and documents proving that they're humans.

bitkanu

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Quote from: MV7 on February 26, 2018, 10:03:26 AM

If an airdrop asks me for KYC documents, I nope right out of there.

All of the bounties I've done don't ask for KYC documents either, mainly because my earnings were on the medium side. I think for most ICOs, they only KYC large investors.

Despite the risk of being exposed or being stolen the data and sold to someone else in the dark net, the reward we may get from joining an airdrop simply too little. too much risk we must face for few dollars of reward.
Even if I were paid for $1000 to give up my data, I won't do that. So be careful guys. Someone might take advantage of this thing and you'll probably get yourself into a condition that's bad.

Dannaey

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I agree. This is very risky because we do not know the credibility of the people whose making airdrops. Then we are going to provide them our personal identity in return of a small amount of their token. These people may steal our identity and that is a threat to us.

blackhart7

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yes . me too against that .. we don't know which ico to trust and which not to trust .so providing documents is a real issue

cryptosharkk

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I seen that KYC is required for like signature bounty but not for airdrops. Strange thing.

MV7

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If an airdrop asks me for KYC documents, I nope right out of there.

All of the bounties I've done don't ask for KYC documents either, mainly because my earnings were on the medium side. I think for most ICOs, they only KYC large investors.

MartoValenti

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I am not fan of airdrops in general, but KYC for airdrops is very unreal for me.
Regarding the KYC, I am completely against this. For me, it is dangerous to sent to someone that you do not know, never heard of him and he wants your id. I really hope to see civic project in action for the KYC verification. The whole idea of civic is exactly for this and I think that the ICOs should start exploring the opportunity, once civic starts operating in the whole world, not only in USA.

carlisle1

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Quote from: yomarve on February 14, 2018, 06:30:31 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 have the same thinking about this KYC issues.this is a serious matter when users need to provide identification card for payments,we are anonymous here and this is not the standards crypto has meant to be.i know they need assurance but we as users need to.so what you think about this guys?

Iyanu14

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Sincerely speaking i don't think airdrop what that stress these days. I would only consider that if the airdrop is guaranteed for success.

Newboybb

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I also oppose KYC information cryptocurrency market need, but if you want to invest big money in the ICO project, it could face legal problems, so the KYC verification is needed, but if bounty KYC information thread need, then I will reject.

ccsang

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I also agree with you , but we can't do anything , we can't get bounty reward or free airdrop tokens if we don't pass their kyc , you can research their project is worth to give them you information or not

Snaic

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Quote from: prehisto on February 14, 2018, 07:06:36 PM

Quote from: gwensarah1 on February 14, 2018, 06:52:24 PM

Quote from: alfs75 on February 14, 2018, 06:44:40 PM

Quote from: yomarve on February 14, 2018, 06:30:31 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 thinks, KYC in airdrops is not an appropriate because its only a free token or coin,so why should they need to submitt our own information,and by this means of rule requirments maybe its our identity will become not anonymous and transparent,and the most vigorous of this it will make treaten our life and investment soon,because more people knows about your personality,more people scammers or phishing site's will hacking your personality account.

Why is the kyc even needed they claim that it just to follow instructions or the law, I feel kyc is only needed for those who invest a lot of money to be able to investigate if their sources are pure. Not for free coins worth pennies, I hope we all stand against this, and a change can be quickly made.

KYC is needed because some countries have banned their citizens to participate in ICO , surely airdrops often are part of ICOs and I believe airdrops could easily be mentioned in such laws as well. Project management is responsible of complying with these laws and the only proper way of doing it is KYC. Because of this KYC will not be going anywhere, the opposite is going to happen - we will see it more often.

My advice do not participate in shady airdrops.

I do not agree that the KYC requirement should also apply to members of the generosity campaign. Some countries have indeed banned their citizens from participating in the ICO. However, this ban applies only to the process of investing in the ICO, the ban is aimed at protecting citizens of their countries from investing in fraudulent ICO projects. Therefore, KYC should not apply to those persons who do not invest in ICO, that is, participants in the campaign of generosity. which only publicly advertise specific ICO projects. It is necessary to understand this difference.

sclmte

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Quote from: yomarve on February 14, 2018, 06:30:31 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.

KYC isn't required for airdrop, but it is a must for investors that are contributing a large number of eth in a certain ICO project. Even in bounties, KYC isn't required anymore. We think that by having KYC, it makes a way for publicising our identity and not of being anonymous anymore.

fitzzz

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i dont want the idea giving information for just an airdrop.. airdrop doesn't need KYC. You just giving your info to them to sell it..

chanc3r

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Quote from: Cnut237 on February 16, 2018, 06:06:22 AM

It's a bit of a mess legally as different countries' governments have different rules, which is why some airdrops are now doing KYC to be sure they're compliant. But it is indeed another avenue for scammers to take valuable information, too. In general I think it will make people more reluctant to join airdrops.

But can you tell me about does it worth to fill KYC for only airdrop token? if in the ico and the price has already fixed by developer and in the airdrop and alol about randomly. because the exchange site will determine its price after the coin will have listed on the exchange site. There is a lot of airdrop coin died even before it get listed on exchange site my friend.

coskunc

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I don't even join most of the ICO's because they ask for KYC.
I would never send my personal information to an airdrop.
That's also weird...

happyme1818

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I will never join an ICO with KYC because it is useless. Those who buy ICO is just after the profit. The moment the price would increase, they will dump it and the coins will go from one person to another without a trace. Your information will also compromise because you never know who will handle a KYC and how credible are those who handle it.

Topic: KYC for Airdrops: A bad precedence - page 63. (Read 198064 times)