Topic: What does KYC gives you ? - page 17. (Read 26241 times)
All things must have two sides between good and bad, now almost all projects and titans need KYC as a joint requirement and I am a good thing with financial system development and multi-account fraud. on the other hand KYC people are useless because it is used as a crime and our data can be done for bad actions out there. I also take the positive side if KYC is a good system.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
Some bounties require KYC because of regulatory purposes. Not all countries allow their people to invest in ICOs due to cryptocurrency regulation in some countries, that is why some projects require KYC. Some must be requiring it so that bounty hunters will not cheat on their bounties. However, there are issues that personal data are sold in black market. That is why, you should join projects with KYC at your own risk.
Investor you or participate in the bounty no difference you get tokens that have value. And KYC is needed only to find out your identity as for example people from Pakistan are forbidden to participate.
I went through the KYC in many projects. In most of them he is formal. Where you need to send only a passport photo or ID card. There are a lot of similar photos on the Internet, and dishonest people can send these documents without any problems.
I don't even like it in any way as my way don't go with it any more ,I see kyc as an excuse to be a genius project, but collecting data is more risky than anything as I don't trust those people with my kyc as I have made up my mind never to send my data to any project any more as market will be where to wait for such project if really it will be big.
I think kyc before ends with a good cause and i really taught if a bounties requires kyc it is really a legit project,but it was not! Im not saying all bounties requires kyc is not a legit,but i am a victim of that kyc also.,so better be thinkful and wise on doing so agressive,they will get your informations to hackers.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
Kyc is not good for the airdrops and i will never do that.
Know your customer is not a good thing for the investors or participants.
it is for the ICO team to be sure that their token will not be send to restricted country for their safety.
but i wonder about KYC. If the investors can't participate in ICO he/she can still buy at the market right? so useless?
KYC means Know your Customer to prevent MONEY LAUNDERING or such thing, for bounty purpose it is to prevent multiple accounts joining in one bounty,
In fact, KYC is a process that is created only for verifying wallets on different platforms. In any case, all these data will be processed and then deposited in the state structures is predictable.In any case, this all leads to the disclosure of your personality. This is bad anyway. If fraudsters do not get to your wallet, the state will do it. Maybe not today, but they will do it.
KYC means Know your Customer to prevent MONEY LAUNDERING or such thing, for bounty purpose it is to prevent multiple accounts joining in one bounty,
In fact, KYC is a process that is created only for verifying wallets on different platforms. In any case, all these data will be processed and then deposited in the state structures is predictable. Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
In General, the passage of KYC, undesirable procedure, today in this market a lot of different scams,so their data people spread very reluctantly, many refuse to participate in projects because of KYC and I understand them, I also adhere to this position.
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
In General, the passage of KYC, undesirable procedure, today in this market a lot of different scams,so their data people spread very reluctantly, many refuse to participate in projects because of KYC and I understand them, I also adhere to this position.
KYC in bounty or airdrop gives only the effect of a headache. I try not to connect with this.
Investor you or participate in the bounty no difference you get tokens that have value. And KYC is needed only to find out your identity as for example people from Pakistan are forbidden to participate.
Personally, we do not do anything right now. Why? Everything is simple, we send our personal data to unknown people. Unfortunately, KYC does not guarantee us that we will get tokens, or ICO will enter the market, and your data will already be online.
I think many have non-moving experience. And to participate in airdrop c KYC is generally silly.
I think many have non-moving experience. And to participate in airdrop c KYC is generally silly.
Kyc is just a means of knowing the real identity of investors or bounty hunters before it used to be only investors who pass through kyc process but now bounty hunters are included to go through the process, it reduces multiple accounts amongst bounty hunters.
Pass KYC is now almost mandatory for many good bounty companies and if you want to continue to participate and receive further profits, you will have to pass KYC. It is necessary to weed out suspicious projects.
I don't really like the idea of KYC, cryptos was meant to protect people's privacy while dealing and trusting each other on making transactions, so I don't really like KYC because you don't know the people you are submitting your documents to and hoe they will handle your personal data, so doing KYC is risky, so i try to avoid it as much as i can
Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
I think you can solve multi-account problems. with Kyc no one is greedy for all the same things. but it is not recommended to provide personal data only for airdrop. because it's not worth the risk
KYC helps you become a real person and you are not a robot. It also helps you get the right amount of money with the effort you spend
KYC is still indie, which cannot be fully accounted for, they collect personal data without exception, I agree if it is applied to investors, but for campaign participants it is excessive because KYC provisions are for investor accountability with assets above 10% for each individual.
It seems to me that the provision of personal data can be beneficial, even if you are involved in a bounty company. Thus, the number of multi-accounts will be reduced, because they will all be able to fill out the KYC form. And This suggests that the number of participants in the swamp of the company will be much less and earnings more.
KYC is still indie, which cannot be fully accounted for, they collect personal data without exception, I agree if it is applied to investors, but for campaign participants it is excessive because KYC provisions are for investor accountability with assets above 10% for each individual.
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