Topic: What does KYC gives you ? - page 32. (Read 26275 times)
Kyc now it is a common thing in cryptosystem and bounty this day. However, most of those project that include kyc after success of the project is a cheat. Also, when bounty hunter have contributed greatly to the success of a particular project they will now cheap in kyc to reduce the amount to pay for bounty. Dome project that have stated that kyc is important for all investors and bounty hunters those people that will participate in will have what it takes before doing the project.
Now there is a trend that those who participate in bounty and airdrop require passing KYC. This is quite a normal procedure, although many repels the fact that you need to transfer someone your personal data.
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
at first, i thought KYC will give assurance to the team and to its investors,
by securing the ICO, and will not be in danger because of those restricted people.
but as time goes by, KYC is nothing but that, just to make sure restricted citizen will not be able to join.
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
If the project and the company itself are legit, there is absolutely no problem in doing KYC. Furthermore, KYC is becoming more and more mandatory for everything now...
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 made for your own security. For able to know and identify you as a owner of that account. It is very useful nowadays , there are many hackers who continously trying to hack and to open your account and steal all your assets and holdings.
Completing a KYC process shouldn't pose as a threat in participating in bounty, Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients.On the other hand I would say if research has been duly carried out on a bounty before embarking on them and its certified genuine then fulfilling a KYC on such project shouldn't be a drawback,it's a process for them to put their books in proper records of where they raised money for the project.
If you want to join something even if its a bounty or an account on a particular exchange or wallet and they require KYC, you have no choice but to do it. You will not blame them because its a consequences of cryptocurrency anonimity. It is somehow gives us security so that your account cannot be opened by someone easily.
Yes, but KYC's mean purpose is to prevent those illegal activity to be transacted in crypto currency because there are people that abusing crypto of being decentralized and they are re-directing illegal money transaction into ICO investment, so KYC serves its purpose to know even slightly who are the person behind that transaction. KYC participant in the ICO gives nothing but the opportunity to participate in the project, but it protects developers from registering bots in their project.
Speaking of KYC, I believe that a project named Menlo One will create an efficient system where-in you will only need to prove our identity once for such requirements. It will launch its ICO marketplace this July which means that we will soon be able to participate and buy tokens in a single platform. I seriously think that this will change how retail investors view ICOs since it enables us to buy listed ICOs easily for a much safer and convenient way of investing.
This is a link to Korean Jew's interview of Menlo's CEO where everything mentioned above is discussed in detail https://www.youtube.com/watch?v=Rw1QBpBYE6o&feature=youtu.be
If you want to join something even if its a bounty or an account on a particular exchange or wallet and they require KYC, you have no choice but to do it. You will not blame them because its a consequences of cryptocurrency anonimity. It is somehow gives us security so that your account cannot be opened by someone easily.
I think that you can just put a watermark on the documents and then you don't have to be afraid of what they will be used elsewhere. a lot of ico are asking for documents, so this can not be avoided
LOL. Do you think a watermark can't be photo-shopped? Anyway, as we know KYC is here because of the regulations coming SEC if not for them we wouldn't be seeing any ICO asking for that so fuck the government. I hope menlo will start as soon as possible to will be successful to lessen us the burden in submitting our KYC information to any ICO we'd like to participate.
With scam airdrop they will get your information and bring business
KYC is a requirement for ICO participants to get all the required information about them. But also, some bounty managers use KYC to get hunters with multiple accounts or fraudulent details during the registration.
KYC does not help identify multi-accounts. There is nothing difficult to buy copies of documents on the Internet. KYC is needed to comply with the laws of some countries
KYC is a requirement for ICO participants to get all the required information about them. But also, some bounty managers use KYC to get hunters with multiple accounts or fraudulent details during the registration.
Some campaigns may have KYC or know your customer, but never do it on airdrops. Now a days airdrops are hard to identify if its legit or not. More careful enough.
KYC participant in the ICO gives nothing but the opportunity to participate in the project, but it protects developers from registering bots in their project.
KYC gave me only problems because I still can not get used to the fact that I need to pass KYC. I've not received my reward because I forgot to complete it..
I think that you can just put a watermark on the documents and then you don't have to be afraid of what they will be used elsewhere. a lot of ico are asking for documents, so this can not be avoided
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 don't recommend people to give their identity for the coin that it's future is unclear and maybe won't success. I personally will not give my personal identity or something by joining airdrop or bounty campaign. There are so many campaign that doesn't require KYC thing. It's dangerous when the project turn to scam and they have your identity, they can sell them or doing something bad with them it's better safe than sorry.
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 don't recommend people to give their identity for the coin that it's future is unclear and maybe won't success. I personally will not give my personal identity or something by joining airdrop or bounty campaign. There are so many campaign that doesn't require KYC thing. It's dangerous when the project turn to scam and they have your identity, they can sell them or doing something bad with them it's better safe than sorry.
You must pass the KYC for some regulated ICOs as they are a requirement before you an use such tokens
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