Topic: Token distribution using KYC verification - page 4. (Read 946 times)
Well, as part of a new rules implementing KYC program for securing identity or verifying customer of every holder in time of distributing of rewards as a payments in bounty campaign it is safe act of giving your identification because only admins of bounty campaign will know that and its part of the rules in protecting the personal information of others too. In addition to that most bounty campaign only required the investors to pass KYC.
yeah so far the KYC (Know your Customers) is safe, and i hope from now on the identity we submit for KYC will not be misused,Fraud. and share to third party.
KYC on Bounty for avoid cheaters, multi account, and etc.
KYC on Bounty for avoid cheaters, multi account, and etc.
as far as I know the identity we send for secure payment claims because kyc just ensures that we are not the ones that are banned from cryptocurrency but I hope the forum admin should create new rules about projects that use kyc
Yes, some bounty programs are now using KYC to receive the rewards. Actually, some of them have told about it in the earlier (or we can also ask about KYC necessary for bounty when going to apply for the bounty program). But some of them only announce it after the end of ICO. For some people may be no problems. I myself also have no problem with it. But, I'm a little bit afraid of the privacy of my identity. Hopefully, they are really honest and responsible to keep ou document and ID perfectly. It will be so dangerous when our document is used for other irresponsible activities.
No, in general it is not safe. They can use your data for personal purposes. We need to do something with this , need a program in which once you pass the verification.
KYC is usually used for airdrop because many use double account, if KYC is used for bounty i feel safe, as long as we do not send your wallet key, but we still have to be alert with data we send by choosing bounty which is official not fake or less obviously, our hope is evaded from crime
I think using KYC for token distribution is good especially to reduce cheater participants,but the particular ico asking for participants information should make sure all the information are safe.
They say this is according some laws some countries, but I personally love more that bounties that didnt require KYC at the end of them.
in my opinion KYC to identify participants, so as to reduce the cheats of participants who follow with multiple accounts, my experience joined the campaign with KYC's identity i think is safe, and it's only intended to match the data of participants with proof of participant identity.
Token distribution doesn't request for the KYC verification. Very few bounties to keep the participants away from certain countries request for a KYC verification. Investors were requested to do the KYC verification, which is mandatory with majority of the tokens.
Don't really know if your ID information is safe or not.Of course it can be used into something else,worst would be sold in the darknet !Projects must write about KYC verification at the beginning of bounty campaign. So in this situation you know that you need to pass KYC at the end.I really do not know if it's good
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 strongly disagree with KYC, and this raises many questions .. much participation bounty afraid of this because their personal data will leak. when I send my identity card is this safe? could it be misused?
This is a very hard decision to have, sending your identity to someone you dont totally know is very risky, it can be used in illegal things without you knowing it. Almost all of the ICOs today are requiring bounty hunters to submit KYC and that is very risky, well it is up to you if you will pass your identity. The truth is you are not 100 percent sure that your identity will be kept safely.
in my opinion this is not safe, because they can not guarantee our data is safe. they could sell our data. I do not like bounty asking for kyc
I understand why they need KYC, but how to understand that they will not sell my personal data, also sometime they need too much personal data, one question - for what?
Using KYC verification is good in all bounty managers but in my opinion all bounty receivers doesnt agree on it, because there is so many tasks you need to do, to be qualified in distribution of tokens in that bounty campaign. So it depends upon in bounty managers, as a bounty receivers we need to respect that decision.
In my personal opinion, bounty reward distribution no need use KYC because many participants just receive about $30-$50 , and if all bounty required KYC will be any additional times for that and this is will be not efesien for this job. And i think not really safe provide personal identity to other party that we dont know excatly they has legitimasi and regulation or not.
If that ICO is legit then maybe it is safe to send your identity card. I don't like bounty campaign that needs KYC in order to receive your reward they should not require KYC for bounty hunters.
I do not really like to send this information, given that there are also many fraudulent companies, but sometimes they are, and I send only to trusted companies.
The most terrible thing in KYC verification is that company can't guarantee the safety and confidentiality of my data. A lot of examples when hacking databases and stealing documents of participants, it's bad.
If we talk about bounty companies, then I don't understand why KYS is needed there.
If we talk about bounty companies, then I don't understand why KYS is needed there.
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