Topic: KYC should be for big whales - page 5. (Read 25305 times)
I don't even see why investors need to go through kyc. They are entrusting their fund to the team of the project and should have valid informations on them not the order way round. I still do not understand the reason for KYC.
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
I don't know why or how you know about this KYC on the bounty program. You are just a newbie. It was created because of the cheaters who has a multiple accounts and also for the security purposes of the project.
The KYC check is used exclusively for the prevention of money laundering and the fight against the financing of terrorism. Now tell me what relation, as bounty hunters, can we have to laundering dirty money and financing terrorism? If you think there are other special powers on the ICO team, please grant them. In the meantime, the KYC check on bounty hunters should be considered the usual fraud by the ICO team.
I fully agree with you, in my opinion KYC should be held only those bounty hunters who have earned a lot of tokens. In most cases, we get tokens that cost $5 - $10 and why in this case it is necessary to pass KYC, I do not understand.
KYC is a part of AML so i agree that it should be for big whales only. How could bounty hunters do money laundering with their not-so-big reward. Moreover, KYC verification tend to cause longer distribution for bounty hunter as it takes time to be done.
I would make KYC a voluntary affair if the investor wants it to go through and thereby secure damages in force majeure situations. For the participants of the bounty program KYC is needed but it must be carried out before participating in the project.
it makes little sense because for airdrop or bounty participants, they only have a small value and certainly not too much influence on their market cap volume. I agree that only people who hold large tokens are required by Kyc.
I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I feel your pain dude. Its ridiculous when you are required to do KYC for just $5 to $20 airdrop. I definitely agree with you this. KYC should be for investors who are investing huge sums of money on a crypto project.- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I think much better to implement kyc for everyone so no one can abuse anything like bounty and investing even whales. Most greedy is on whales they always play in the market so to be fair for all it alright to implement the kyc for everyone. Unless you a suspicious person that have bad plans.
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 feel your pain dude. Its ridiculous when you are required to do KYC for just $5 to $20 airdrop. I definitely agree with you this. KYC should be for investors who are investing huge sums of money on a crypto project. - KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I wish you had stated your reason why KYC should only be for the whales, but all the same i see KYC as an unwanted pregnancy in the family of cryptocurrency and should be immediately aborted before it gets out of hand tanks.
Some may think if that will be eliminated the true feature of cryptocurrency that called the anonymity. KYC should be implemented for a special purpose. But these days some non-sense platforms are even implementing it. It's so bad. I agree with you that KYC is good for only people who will bought large amount of tokens in icos or people that will bought the token. Bounty hunters too is not required to do it because we don't know if we are getting paid big or small or we could actually earn from promoting them. I think kyc is good but i think it must have a limit whoever needs to comply with it.
Let's accept the fact that KYC for bounty hunters will help filter out members with different alts.
I agree with you that KYC is good for only people who will bought large amount of tokens in icos or people that will bought the token. Bounty hunters too is not required to do it because we don't know if we are getting paid big or small or we could actually earn from promoting them. I think kyc is good but i think it must have a limit whoever needs to comply with it.
I wish you had stated your reason why KYC should only be for the whales, but all the same i see KYC as an unwanted pregnancy in the family of cryptocurrency and should be immediately aborted before it gets out of hand tanks.
Some may think if that will be eliminated the true feature of cryptocurrency that called the anonymity. KYC should be implemented for a special purpose. But these days some non-sense platforms are even implementing it. It's so bad.
I wish you had stated your reason why KYC should only be for the whales, but all the same i see KYC as an unwanted pregnancy in the family of cryptocurrency and should be immediately aborted before it gets out of hand tanks.
Well, i can agree on this. Its too hassle for like us bounty hunters, we only get small amount of tokens and to sell we will get only little bit of money so its a hassle to do KYC
i am strongly agree with you, why do we need to infrom our id and personal informations to bounty? For 5 dolar, i am sure data is more valuable than 5 dolar, there should be a regulation.
The surrender requirement for KYS is most often justified by the necessary security measures and fraud prevention. However, the level of KYS should not be equally difficult for everyone.
for me KYC is only for big whales is an act that is not right. this kind of action is discrimination. it would be better if KYC was eliminated. I support if bounty, airdrop and also big investors don't do KYC.
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
KYC I believe was introduced to bounty and airdrop to avoid multiple accounts registration but so far it hasn't been achieved, but my take on It cos to implement it before the commencement of any bounty campaign
KYC may also be need to comply with government regulations for some countries otherwise the bounty will have to restrict those country citizens from participating.
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
I don't know why or how you know about this KYC on the bounty program. You are just a newbie. It was created because of the cheaters who has a multiple accounts and also for the security purposes of the project.
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