Yes, we know many bounty or airdrop already applied KYC procedure before the sent payment, this is to against money laundry, but this is also dangers for participant because we dont know, the data or ID card we upload maybe affects to us in the future.
Until now i already fill 2 form KCY, so my data already in 2 company. I hope that's okay
Topic: KYC for Airdrops: A bad precedence - page 64. (Read 198107 times)
Well, I am not going to submit kyc form for airdrops. I think It is not safe to submit kyc form everywhere.
Demanding KYC on ICOs is understandable, but for low values airdrops I consider it risky since your are giving in your personal info for a few dollars at the most on Airdrops.
I accept that there is an attitude contrary to the cryptography logic. But I see that they are not unjustified by the projects. A lot of people are resorting to making unfair profits. This percentage is becoming a necessity.
Now most of the airdrops are for data collection. I will not trust my documents. I think this is unpleasant for many.
They really need KYC to avoid spam thats why they are doing it.
KYC for airdrops is not ideal in my opinion.
Okay, in the era of ICO rush there has being a rapid increase in airdrops out there and 95% of them are worthless "shitcoins"..
I mean its stressful enough researching projects to invest in, its stressful researching bounties that are valuable, then the added stress of not just jumping at airdrops & given ur details to potential spammers; but to add to this the stress of performing a KYC for an airdrop is just damming
Okay, in the era of ICO rush there has being a rapid increase in airdrops out there and 95% of them are worthless "shitcoins"..
I mean its stressful enough researching projects to invest in, its stressful researching bounties that are valuable, then the added stress of not just jumping at airdrops & given ur details to potential spammers; but to add to this the stress of performing a KYC for an airdrop is just damming
I agree with the author of a topic,as a crypt should be created as anonymous,and kyc Yes, and for airdrop it is absolutely,therefore try to look for the ico without kyc.
I think KYC for bounty is need because now many people make multiple account
so that will give cheater hard to make multiple account
and because regulation need for know who is the memner and customer
so that will give cheater hard to make multiple account
and because regulation need for know who is the memner and customer
In this there is some truth. It seems strange to me to get a free coin to give my personal data, in my opinion it is too much.
I can understand such a request for kys only if it is a question of serious amounts and liabilities.
I can understand such a request for kys only if it is a question of serious amounts and liabilities.
Know your customer
It depends on the participants if they wished to get some tokens for the consequence of revealing their identify or what you call KYC process but in my part it's best for me to stay anonymous rather than risking my identity for few tokens. I'm not saying its not a good thing to do the KYC process but just for assurance and ofcourse its up to the team behind the project to decide what rule they'll implement for the goodness of their project because we can't blame them for some people are just born to be scammers making a multiple accounts for airdrop.
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.
If you do not like some things, you just have to ignore them. Organizers of the airdrop have the right to establish the rules of their event. You have the right to accept these rules or not. 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 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.
Indeed, I also met such demands on the air, but I am neutral in this, because we ourselves have the right to choose to participate in the provision of all our data or to refuse it without getting free coins. 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 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 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.
I agree with you. I joined an ICO that required KYC for investors who invested a high amount of money. But small investors were not required to do KYC.
This nor presents a question to mind. Since KYC/AML is to prevent money laundering, does a few 100 dollars represent Money Laundering?
These guys are just bending the law to execute their own selfish deeds.
We can raise our voices by saying together
#noKYC4airdrop
#noKYC4_1Kinvestor
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 dev use the kyc to prevent the multiple account in airdrop.
so the dev use the kyc to prevent the multiple account in airdrop.
Those airdrop require every information from you under heaven! I do not subscribe to giving my email out let alone personal information. I once participated in one airdrop where my email was required next day, I started receiving spam in my email.
I agree with OP, I don't really like the new trend in airdops, where they request identity check. As far as I'm concerned they could be doing that just to sell the documents, or to try to use them to verify themselves on exchanges or things like that. I never participated in an airdrop like that, and I probably will never do it. Another thing that is very common now, is to ask for facebook profile, twitter with minimum number of followers, or telegram ID. Although I could understand that they are now doing that to spread the word on their project faster, it's looking more like a bounty than an airdrop these days.
I've had to forfeit some bounty stakes for a particular project when suddenly required all their bounty participants to do KYC (which I was not too comfortable with). They didn't state this when the bounty program was going on. It was when the time came for distribution that they came up with KYC.
So what do you suggest we do? I'm against this trend as you are.
So what do you suggest we do? I'm against this trend as you are.
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
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