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
I think also that. Additional to known their personal info obviously and where they can get their big amount of money. So also they can prevent the money makers that wanted to enter on this project so that why KYC is guaranteed to all. 
Topic: KYC should be for big whales - page 6. (Read 25360 times)
I'm agree with you. But in many cases it's because regulation requirements. I'm have notice more than before lot of projects asking for KYC. So we have to get used to it.
Of course, I would like to say that this is fair, but I will not say it, because you can put yourself in the shoes of these people and you can understand why they are hiding and why they cannot be verified completely.
yes, I agree a little, because in my opinion for participants who only get a small number of tokens, they don't need to. because they only get a few percent of the total supply of tokens.
From my own point of view, I see no reason why KYC should come into blockchain. If possible, let it be scrapped. Most bounty will not make their intentions known concerning KYC from the start of the bounty but until the end of the whole bounty whereas many bounty hunters might not be able to meet up with some KYC requirements.
I feel something should be done about this as a matter of urgency.
I feel something should be done about this as a matter of urgency.
Rules are made for reasons of course. About KYC for bounty hunters and airdrops participants, it is enforced because of the regulation of the ICO. The other reason is to prevent the frauds of multiple account participants.
Regarding to big investors KYC, it is already implemented. And I think a necessity, given that one of the purposes is to prevent money laundry activities and other possible abuse.
Regarding to big investors KYC, it is already implemented. And I think a necessity, given that one of the purposes is to prevent money laundry activities and other possible abuse.
I think that the difference is not big you are the holder of the amount of money or small , I think all participants must pass kyc for ico as it can reduce the chances of Scam !
even with filling the cyclic does not guarantee that everyone is free from scam. whether the project is cheating or from the ico participants who can scam. both have the same possibilities. 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 honestly can't believe that most people are saying that KYC should only be for bigs whales, wether a ICO does KYC depends on the country in which it is incorporated in!!!
and most likely if KYC is required in a country only wealthy investors are able to invest in thus project. so for all those arguing that it should only be for big whales you aren't technically supposed to be participating in the project if they do KYC still again this mostly depends on the country in which the project is incorporated and which countries they restrict from participating.
Research you laws, wow.
Excellent point of idea. Also, I see KYC as a security measurement to protect not only the project but also those important customers/investors as their history of transaction.
Its better to let KYC be required to those bounty campaign participant, to avoid multiple accounts ( bounty farming ) and bounty scammers around this website.
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 think that the difference is not big you are the holder of the amount of money or small , I think all participants must pass kyc for ico as it can reduce the chances of Scam ! - 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'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 honestly can't believe that most people are saying that KYC should only be for bigs whales, wether a ICO does KYC depends on the country in which it is incorporated in!!!
and most likely if KYC is required in a country only wealthy investors are able to invest in thus project. so for all those arguing that it should only be for big whales you aren't technically supposed to be participating in the project if they do KYC still again this mostly depends on the country in which the project is incorporated and which countries they restrict from participating.
Research you laws, wow.
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
Yes,you are so right i agreed with you.......KYC should be meant for those who want to buy large amount of token via exchange .
What is the difference between small amount and large amount buyer of token? In the first place, they both buy and invest money on that specific project. Crypto currency became famous because of being anonymous of sender and receiver, so better to stop KYC and protect the identity of all the users around the world.
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
Yes,you are so right i agreed with you.......KYC should be meant for those who want to buy large amount of token via exchange .
I agree. For a bounty hunter, it's unnecessary. only troubles us. it doesn't matter if you just submit your identity card. but, we are obliged to submit the bill and a photo of ourselves. we only get coins based on our work. moreover what we get is not much. but they actually make it difficult for us.
Yes, I strongly agree with you, I do not agree with KYC regulations for Bounty participants, because honestly I am very afraid of my personal data being used for bad things by them, because we know our free data is given to others only for a few Tokens.is not guaranteed to be safe so it is very risky to be misused by irresponsible people
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
Of course, conducting KYC checks in ICO projects should be used only for those who invest large sums. Only for citizens of the United States and China, whose governments expressly prohibit their citizens from investing in ICO projects, they should be denied investment, regardless of the amount of investment.- 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
With respect to bounty hunters, there should be no KYC verification at all, since they are not investors in ICO projects. Such a KYC check on bounty hunters is illegal and contrary to the very nature of the KYC check, which is conducted to prevent the fight against money laundering.
Yes, I total agree with you I don't think there should be kyc for both airdrops and bounty campaign.
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
More importantly, it is there so gov. agencies can track any "unexpected millionaires" which they were unable to do so with Bitcoin & phase 1 cryptos.
There shouldn't be any KYC. It just goes against the whole theme of cryptocurrencies. Cryptos were made to be fast, anonymous, free of control and easy for the users. With KYC, it becomes another extension of the old banking system.
KYC should be done by every investor and bounty hunter. I can understand that you do not need to make a KYC for a regular airdrop but if you want to share big rewards you need to prove your identity.
Such events will probably never happen, the whole thing is solely that the so-called whales now probably will not pass the KYC because they will now have a huge impact not only on the cryptocurrency world. These are influential people in our world.
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 should be required for all participants in ICO, which is a mandatory rule. But for bounty and airdrop, it's funny. There are no reasons or laws that require bounty and airdrop to KYC participants so they can receive rewards from their hard work. - 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
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