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Author Topic: Do I need KYC for generosity?  (Read 794 times)
gantez
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February 24, 2019, 03:10:59 PM
 #101

Is unfortunate to see that this kyc thing has started rolling into bounties and signature campaigns, it is time wasting. Time wasting because it is just a few box that you could be getting but you are melt to expose your life identity. I think it should be for a certain investor, investing a particular large some of coins.
tins
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February 24, 2019, 03:57:40 PM
 #102

Is unfortunate to see that this kyc thing has started rolling into bounties and signature campaigns, it is time wasting. Time wasting because it is just a few box that you could be getting but you are melt to expose your life identity. I think it should be for a certain investor, investing a particular large some of coins.

There are many bounty hunter earned from several hundred to thousands of dollars. So KYC is normal for them, because they will have a good amount of money
whyrqa-1
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February 24, 2019, 05:35:07 PM
 #103

Is unfortunate to see that this kyc thing has started rolling into bounties and signature campaigns, it is time wasting. Time wasting because it is just a few box that you could be getting but you are melt to expose your life identity. I think it should be for a certain investor, investing a particular large some of coins.

There are many bounty hunter earned from several hundred to thousands of dollars. So KYC is normal for them, because they will have a good amount of money
It is very difficult for me to name those Bounty companies that gave me the opportunity to earn good money and at the same time I provided my personal data. Today and everything happens to the exact opposite. I send my KYC, and there are no results at the end of the Bounty company.
maculeth
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February 26, 2019, 12:26:40 AM
 #104

they just don't want one person with a double account, so that the ico participant slots are met fairly. so kyc is very important to them.

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glasbren
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February 26, 2019, 02:31:40 AM
 #105

Since long ago, i still not fond with KYC, even if the reason is to filter any scammer of something like that. But the thing is all the bounty participant already doing their hard work promoting the project, so it's natural for them to get the reward they deserved without needing to do something complicated to have their right received.
Cemploon
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February 26, 2019, 03:04:19 AM
 #106

KYC has been a lot of complaints from bounty hunters. The Bounty project that uses KYC is considered unfair because Bounty hunters work for 2-4 months but because they don't pass KYC, they don't get tokens. I personally prefer this KYC pattern to be changed and KYC placed at the beginning of the campaign.

ceetoo224
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February 26, 2019, 04:27:16 AM
 #107

Recently, more and more arguments have arisen that ICO generosity campaign participants really need to be tested by KYC in order for ICO teams to provide information that their tokens are distributed to specific people. In my opinion, this generally sounds like something stupid. Who and why should the ICO team provide such data? Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid.
You welcome the situation when we go into the store and in order to purchase any product and we will be asked to first fill out a special form with your confidential data? Do you think that this is different from the situation with cryptocurrency?

I think we do not need to give our very confidential data just for this test? It is very much worthy if you join a campaign that needs KYC rather to just give it all the way. What might happen is unknown.
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February 26, 2019, 04:46:50 AM
 #108

If you are an investor what for have submit KYC and better keep run away from ICO needed KYC for investor, maybe as bounty hunter participants is good and better for submit KYC around of their bounty campaign joining.
darefreads
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February 26, 2019, 07:21:53 AM
 #109

I really don't want to give any personal information about me but as I participated in a projects that needed a secure method of participants I allow myself to provide it. And also to support the ICO is participated just like other investors we want to ensure our investments that it won't get scammed by othe people just like what they are doing to secure the projects.
yeniruieni
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February 26, 2019, 07:34:13 AM
 #110

Using KYC is no guarantee that the ICO project can succeed. And I think KYC will only waste time and many disappointing results. I personally also experienced this. I have done KYC, but until now I have not received a token.
baghdatis1990
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February 26, 2019, 07:39:32 AM
 #111

       I consider KYC very useful because it is a measure of protection for project managers to stop creating false accounts, which is correct. But I think the KYC, which is asking more and more often, wants too much personal data from the participants, and that's not ok. It would be ok if this policy exists on both sides. The project team should also make their personal data public. Thus, there would not be so many SCAM projects on the crypto market, and investors would be much more open to investing.

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susila_bai
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February 26, 2019, 07:48:25 AM
 #112

KYC asking for ICO investment is good, as money laundering problem is occurring and to stop it is good, but asking KYC for bounty participation is not correct as bounty hunters are not investing any money , they are just advertising the ICO and in return they are getting reward and i dont think that anyone is asking details about the bounty participants details.
babicena14
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February 26, 2019, 09:00:39 AM
 #113

In some countries, cryptocurrencies are equated to financial assets and according to the legislation of the country you must provide information about yourself for the possibility of obtaining them. But if this is not the case, then perhaps the developers are trying to collect your data to sell them.

daporivera
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February 26, 2019, 04:48:02 PM
 #114

In my opinion, KYC should be for only investors, which invest large amount of money in ICO to prevent money laundering at the minimal level, in the case of bounty participant that help in promoting ICO projects to the general public in order to create awareness, I don't see any reason why they should also participate in KYC. They get only a small percentage of reward for promoting ICO projects, making  KYC compulsory for bounty hunter is not expected.

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