KYC is a way off assurance of the identity of the investor or participant of the ICO by the team of the ICO .
It involves sharing some personal information for authentication purposes . I think you should carefully reveal your personal information
to any ICO . You must be totally sure about its authentication before giving away everything as that might cost you in the worst case.
Topic: What does KYC gives you ? - page 35. (Read 26241 times)
you will get nothing in return they just need your information to sell it to some advertising companies or even worse if your a bounty hunter. would you trade your private information for some few dollars on airdrop? if its bounty campaign with huge pool would give information. if its only for ico buyers then its good they just need to catch money launderers they will not do it if it wasn't for the government.
Ever since i didnt even expect that the time would come that even bounty hunters would be required to pass up documentation for their KYC process which i dont even see the point why they are included which they are just included on the marketting thing with the project.It doesnt really give anything for bounty hunters but for investors this might give somehow assurance for a project that it is abiding on current laws but not totally a guaranteed thing that they are all legit ones some might on the right path and some do have different intentions. I try not to participate in such companies,where they ask to pass the KYC.I do not want to send my documents to unknown people,because it is not known how they will be able to use them later.I don't think it's safe.
That's a good decision. they will give us few bucks for that we need to provide our full information i don't think it is worth for us and i am not sure they will use our KYC just for verification they can use it for anything. even my opinion is also same just ignore if anybody asked KYC to proceed your account.
If a project has kyc then it has the assurance that it is legit in a 99.9% but your personal information will be known by the company and can be used into illegal doings, the best thing to trust projects is to check and prove that the developers of a project is trustworthy.
First of all, the rewards and airdrop activities have considerable profits. Many project parties have to provide real-world users with rewards in order to ensure fairness, so KYC links will be set up. However, from our personal point of view, private information is very important. When you carry out these activities, you should pay attention to screening projects and only perform KYC on projects that you consider safe and reliable.
I try not to participate in such companies,where they ask to pass the KYC.I do not want to send my documents to unknown people,because it is not known how they will be able to use them later.I don't think it's safe.
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
They give you nothing. They just want to make sure that your not a bot, prevent cheating or to make sure that your in a country that's allowed to participate in their ICO. Do not give your identity for a small amount of money
Know your customer (alternatively know your client or 'KYC') is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship. The term is also used to refer to the bank regulations and anti-money laundering regulations which govern these activities
you will get nothing in return they just need your information to sell it to some advertising companies or even worse if your a bounty hunter. would you trade your private information for some few dollars on airdrop? if its bounty campaign with huge pool would give information. if its only for ico buyers then its good they just need to catch money launderers they will not do it if it wasn't for the government.
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 such a big help not just for me but also for the ICO project conducting campaigns and airdrops. It help in a way that scammers/fraud are prohibited in receiving the tokens that should be given only to those who are legit participants. KYC has such a big impact to those fraud that turn their dirty works into trash.
Yes, I believe if there is a project that asks KYC verification to Bounty participants, I think the project is not a fraud. But most people do not believe in projects that ask for KYC, they are worried about his personal data.
I've never heard and come across applying for KYC before joining any bounty or airdrop only for early investing.
If it is airdrop that asks you to pass KYC you better bypass it anyway IMO.
If it is airdrop that asks you to pass KYC you better bypass it anyway IMO.
All these details will only improve the design and help distribute evenly tokens to everyone who wants to buy them. In addition, there will be no confusion about non-existent persons and repeat accounts.
No need to send your documents to get some dollars if you think project is sketchy.
Kyc is not to give you reward. What kyc means is know your customer however, the important is to known where each investors or bounty hunter comes from the only problem with kyc is the long time process to confirm the kyc. Also, it really affect the time and later turn out to be waste of time.
KYC is much a broidered advantageous cure not honest championing me however what is more championing the ICO connive conducting campaigns and airdrops.
some time i think what function KYC for bounty hunter.when the project is only avoid the investment from money laundering should KYC only for investor, because the bounty hunter get reward when project close
I dont like fiiling out KYC forms. And i dont participate those who have KYC regulations. For me it is like you are giving all your informations to all harckers to make a duplicate account using your files. Stay away from all if it. Be aware.
this helps to secure your account. KUS protects the wallet and in general this is the right thing because there are so many hackers now spreaded. we must fight with it..
i think KYC which means know your customer is important before an investor invest in a project, a process of verifying and identifying a client or an investor, but for a bounty/airdrop i think its risky one needs to be sure its legit before doing KYC.
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
By the definition KYC is the process of a business identifying and verifying the identity of its clients. In order to identify the investors the project needs to do a KYC to comply with the regulations, but during and airdrop/bounty there is not investment made for the person applying, so I do not see the point of doing KYC during airdrop/bounty, it does not give you anything. It is risky to disclose your personal for an ICO as there is not guaranteed your personal data will be safe. Jump to: