Topic: KYC for bounties and airdrops - page 3. (Read 3289 times)
Although I am not in favor of KYC because I am afraid that my identity will be given to someone that I did not know and use it for something, I have no choice but to do it in other to claim my rewards. They say they are using KYC to prevent money laundering and multiple accounts and to make sure that the rewards will be distributed to the right people.
I pass KYC for some bounties. Some good project need you to KYC. No problem for me.
I try to avoid such bounty campaigns, but I don't see another way to decrease number of multi accounts accounts in Bounty campaigns. So I think that at the end of this year will be not simple to find good bounty without KYC requirements.
KYC is a general trend.
KYC is a general trend.
I will never give my identity only for bounties and airdrops, too risky, very risky! I think KYC is only proper for an investor to avoid money laundering, not for the bounty or airdrop participants.
I'm afraid my identity is leaked and then misused and the average answers from members in here are afraid of it.
I'm afraid my identity is leaked and then misused and the average answers from members in here are afraid of it.
I am personally not bothered by kYC process as its a legitimate way to prove your identity in a bounty or airdrop. Nowadays people are using multiple accounts to gain from these. This is a step that benefits all.
Since KYC is for anti-money laundering, it seems strange that KYC would matter for Airdrops and Bounties... Unless someone is Airdropping millions to one person. lol
You are not understanding, that is just an excuse what they really want to know is exactly who is getting those coins so they can create a list of people involved in cryptocurrencies and charge them taxes or prosecute them because they are not doing it, this is why everyone needs to go through KYC even if you are getting a single token out of a bounty campaign.
for airdrops i never joined KYC . as you said airdrop reward is too less like 4-5 dollar and for that sharing our details is bad idea . I dont know why they ask kyc for such small amount of airdrop , for bounties if reward is high then we can think about passing KYC but for such airdrops better to ignore those .
I did not join the KYC compulsory airdrop because the value it brought was not big enough for me to do it. I also find that KYC with airdrop or even bounty is not necessary because we do not use our money to invest in the project.
avoding KYC like the plague in general, no way in hell I'd give some random ass airdrop my data.
actually it is good to avoid from multiple accounts but I always avoid programs that use KYC, even though it's bounty and airdrop, because I'm afraid my identity is in misuse.
Since KYC is for anti-money laundering, it seems strange that KYC would matter for Airdrops and Bounties... Unless someone is Airdropping millions to one person. lol
KYC is good for the company who treat them as secret because those company will keep them as confidential but some scam companies will sell the data to unknown users. So it is always good to confirm about the company before uploading your documents.
Since KYC is for anti-money laundering, it seems strange that KYC would matter for Airdrops and Bounties... Unless someone is Airdropping millions to one person. lol
You are not understanding, that is just an excuse what they really want to know is exactly who is getting those coins so they can create a list of people involved in cryptocurrencies and charge them taxes or prosecute them because they are not doing it, this is why everyone needs to go through KYC even if you are getting a single token out of a bounty campaign.I understand that developers want this kyc to check if the person that will receive the coins is a legit user and to avoid multiple accounts, why we are worried about is how we can be sure that they will not use it for illegal activities?
Since KYC is for anti-money laundering, it seems strange that KYC would matter for Airdrops and Bounties... Unless someone is Airdropping millions to one person. lol
is required to confirm the identity, otherwise one person will be able to receive rewards for 1000 other people using bots and then payments will be quite tiny.
Use KYC for purpose bounties and airdrops It is unreasonable The purpose of the KYC is to identify the source of funds
You are subscribed to bounties or airdrops All that was achieved was the services provided to the company and without paying anything
You are subscribed to bounties or airdrops All that was achieved was the services provided to the company and without paying anything
Since KYC is for anti-money laundering, it seems strange that KYC would matter for Airdrops and Bounties... Unless someone is Airdropping millions to one person. lol
You are not understanding, that is just an excuse what they really want to know is exactly who is getting those coins so they can create a list of people involved in cryptocurrencies and charge them taxes or prosecute them because they are not doing it, this is why everyone needs to go through KYC even if you are getting a single token out of a bounty campaign. Did you ever pass KYC for an airdrop token? I am strictly avoiding that, because the amounts to be airdropped are mostly too low. Or did some of you already pass KYC for an airdrop that was worth it?
KYC is not as scary as you think so, for some companies KYC is just a tool for getting more personal info from where they have users and investors, so to use marketing more actively on these areas, for others it is really a procedure to legitimate their project as much as it is possible
Personally, I do not participate in airdrops because I do no really get a reasonable amount form it and the rate of scam is very high but I still think airdrops do not really need the KYC because this is meant for investors and in airdrops, you do not need to invest to get token.
I do not understand why bounty hunters need to go through KYC, it's one thing when investors are KYC, and another thing we. I am very afraid of passing the KYC, because there is too much fraud, how can I believe that my data will not go then on the hands of scammers?
Since KYC is for anti-money laundering, it seems strange that KYC would matter for Airdrops and Bounties... Unless someone is Airdropping millions to one person. lol
Bounty and airdrop should Kyc, because I think that is necessary, a lot of cheaterst in airdrop so we need Kyc
No you silly, KYC is not to find out who is cheating bounty campaigns, google kyc and aml and read why it is needed for ICO. I don't know why it is required for bounties because you are not really buying or withdrawing anything.
With all these scams nowadays you have to be stupid to provide information.
Jump to: