In my opinion you really had a good idea. But I am also wondering if the big whales would expose their identities and let others know who they are. I certainly think not. In as much as we would like to get anonymous, the more they will be to protect themselves. If required I think they would be making aliases to hide themselves from the public eye. And because it cryptocurrency is business, they would be the VIPs who are treated and given more advantage than regular or small investors.
Topic: KYC should be for big whales - page 12. (Read 25305 times)
I agree with you whales are the one that should do KYC because they are the one that has the potential to manipulate the market with their huge amount of coins in their hands, bounty hunters are only getting a very small fraction of the supply.
I believe that there should be full equality, it does not matter, either you are a whale or a regular investor. For all conditions must be the same.
KYC should be for investors, especially big whales because they buy a large amount of tokens and coins, they should verify their identity to ensure no manipulation and fraud occurs.
I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
of course this has become a conversation and debate since there are many ico doing KYC for bounty hunters.
actually it's simple, if you don't want to register KYC you don't have to follow the bounty.
well, my advice, if you want to join the campaign, you should first ask the manager or the telegram channel about KYC.
I agree with you for good advising about KYC and it should be only for specific people i mean big investors. And i am sure a lot of project development and exchange owner selling KYC in the dark web. So that i decide only serious project i submit KYC otherwise my identity going to be threaten.
KNOW YOUR CUSTOMER should be implemented to all if the project will have the KYC for the fairness and equality.
KYC is not good for investors nor participants of bounty it is only a benefit for the ICO team for me this is not good and healthy.
KYC is not good for investors nor participants of bounty it is only a benefit for the ICO team for me this is not good and healthy.
I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I slightly agree on you, sometimes the project required KYC for they don't want the people from other countries like USA to participate because they don't want to violate any law. And one of the reasons they required KYC on bounties is to avoid multiple accounts/registrations.- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud
yes you are right, indeed big investors should have to verify KYC. this has even been done by almost all projects. so there is nothing to worry about.
KYC requires only for security tokens. Why all projects with utility tokens ask for KYC and after that goes to the DEX and sell tokens to everybody? this is a very stupid IDEA with the KYC.
KYC is a mandatory requirement for any whales investors, to avoid of a money laundering act from those big investors.
And hopefully it could also protect the value of the coin itself.
And hopefully it could also protect the value of the coin itself.
Using KYC is of course a good idea, but they began to be introduced everywhere, even where it is not needed at all!
That is a reasonable idea, actually there is no reason to require Bounty hunters or people who invest lets say 100$ to provide the evidence of their identity, but when someone is investing 10,000$ it is strange not to ask him to pass KYC.
I really agree with this,I hope KYC is eliminated for bounties and airdrops
because for me it's all unnecessary
because for me it's all unnecessary
KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud
absolutely right, KYC for bounty hunters is needed to avoid cheating. but that will not prevent them from continuing to cheat, they always have the sense to fool the bounty manager. but at least KYC has minimized fraud. I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
Limiting is also a good idea, meaning of KYC is know your costumers but like bounty hunters they are not costumer they only a participant promoted a project, its to heavy if all doing KYC. The best example is airdrop, we know how small we income in airdrop and then require KYC. That not fair to all, its should be categories as a fair assistment.
For me, KYC/AML is for legal purposes only... What if all investors demand the Full information of all admins and member of that specific project? That will be more great for being real and the transparency issue ( not only the project but the whole team from investors, bounty hunters, developer and many more. ).
Anyway, its up the project on what their demand with. If you don't want the demand for KYC, go find other project. Less complicated for sure.
Anyway, its up the project on what their demand with. If you don't want the demand for KYC, go find other project. Less complicated for sure.
I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I slightly agree on you, sometimes the project required KYC for they don't want the people from other countries like USA to participate because they don't want to violate any law. And one of the reasons they required KYC on bounties is to avoid multiple accounts/registrations. - KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
for that, all ico have implemented it. so you don't need to worry. and indeed, for investors, it is most likely to use a passport and identity card. not one of them.
It seems like that, Bounty hunters don't like KYC may not want to tell their identity.
Most of the bounty hunters wants a very simple bounty where they work and get their payment and eventually dump it. KYC is just so big, bounty hunters do the task and get paid, they don't release money to invest in the project, so I believe KYC should only be for investors only.
But actually it's also said above to avoid bounty hunters who play multiple accounts. I actually agree that KYC is only for large investors.
Most of them does not really care about multiple accounts, as long as they get the advertisement they are expecting, they will pay and KYC is not the solution to prevent double account, and if they find one, they would still keep the allocation instead of sharing it to those who are honest. Jump to: