Topic: Token distribution using KYC verification (Read 952 times)
I categorically do not support projects that require verification. Because these are violations of the constitution of the countries in which they live. And where is the freedom of information? Where is the freedom of anonymity in the network?
You have to be very careful when sending your identity documents, not all of them are real projects, some are scams wanting to get your personal information so they can abuse it later on. Cibus for example collected my identification, gas also and yet never sent me any tokens
KYC verification can be important for large investors. I think it's useless to run KYC in airdrop or bounty. Participants get so little rewards that their influence on the market is none. It's not known who has personal data and where it's stored and whether it's well protected against leak.
You have to be very careful when sending your identity documents, not all of them are real projects, some are scams wanting to get your personal information so they can abuse it later on. Cibus for example collected my identification, gas also and yet never sent me any tokens
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I hate KYC verification, but it is a measure to resolve problems with SEC. There is nothing to do with it.
just buy on exchange and you don't need to pass kyc in this case
just buy on exchange and you don't need to pass kyc in this case
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
Usually I'm trying to send my identity cards only for those bounty campaigns in which I am confident in because if I'm not confident in the project it is highly dangerous when I send my identity card is this safe? could it be misused?
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
Personally, I do not endorse KYC for bounty distribution. But this is necessary part and you have to do it to get your tokens. Of course, there is no an absolute guarantee that your personal information will not be leaked. But if you really care about it so you shouldn't participate in such bounty campaigns.when I send my identity card is this safe? could it be misused?
I think that will be safe. In my opinion only to keep every user using real account and not duplicate it. So, implementation of KYC in distribution that is not good enough, if the project needs KYC apply it before.
You don't know who you share your personal data with, where the data is sent and for what purpose someone can use it. It is also a serious question of how this data is protected against leak or hacking. It's doubtful whether you have access to this data after sending it in order to be removed or changed later.
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
Personally, I do not endorse KYC for bounty distribution. But this is necessary part and you have to do it to get your tokens. Of course, there is no an absolute guarantee that your personal information will not be leaked. But if you really care about it so you shouldn't participate in such bounty campaigns. when I send my identity card is this safe? could it be misused?
I think it's safe. Projects do this because they need to comply with certain standards established by the SEC. I do not think that they will use your documents for other purposes. In the end, in today's society, knowing the identity of your investor is the norm.
I only provided email, phone, name and country details , there was no kyc .
Your data can be leaked, be aware of it and better use fake KYC data. In this case you will avoid problems with your confidential information.
I am in crypto because I want to stay anonymous and KYC is unacceptable for me.
I am in crypto because I want to stay anonymous and KYC is unacceptable for me.
It's sheltered, Because of the ICO crusades so they are not betrayed. Be that as it may, for our members it isn't. Since they can utilize it for other negative behavior patterns. They can utilize our characters for their own motivations, for example, robbery. So do we trust in this since we can put forth a defense we don't have a clue.
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
it can be but if for ICO i think they only want to avoid SEC problem, and that is the only way to know people who join their project, and usually not only bounty participants but their investors too. or maybe it is to prevent people to fraud their bounty campaign when I send my identity card is this safe? could it be misused?
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
I think they do this because this is the right idea to protect their project to some cheaters that abuse the bounty so I think its alright if there's KYC to get our reward and I think it will not misused. when I send my identity card is this safe? could it be misused?
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
when I send my identity card is this safe? could it be misused?
Now ICO is not regulated by anyone and there are a lot of scammers who do not pass the verification before launching their project but they are forced to do it by bounty hunters. I'm not sure about the security of the documents.
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
We can only hope that our documents will remain untouched. In one of the latest ICO Fantom, as far as I know, the database was stolen with the documents of those investors who passed KYC. But all over the world the passage of verification is a necessity, I do not think that the crypto market will be anything different when I send my identity card is this safe? could it be misused?
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
when I send my identity card is this safe? could it be misused?
IT needs kyc for some of the bounty projects to avoid those using multiple accounts. It is also to avoid anybody who will steal your rewards. It is not like before that once you receive your tokens and exchange it, they just only need your valid ids . But now, they become very strict , they ask for a passport for further verification. I think it is safe for sending kyc to the company we had joined in because it is just between you and the company, not the whole world. It is just a basis for proper distribution of all the rewards.
KYC is OK if you are an investor, as it is also a protection to prevent crime activities, money laundering and terrorists. But if you are just a bounty participant, it seems to be bothered for me because it might be use your personal identity for scams and other illegal activities.
Nope, I think that they will not abuse your personal information. I also think that method are good to minimize many multiply account and it will make good effect for that token.
several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?
when I send my identity card is this safe? could it be misused?
Well, this is the most common problem that we need to consider. We don't know what will going to happen if the one who has the shared his personal information. It's either being scam or not.
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