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.
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.
