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Author Topic: Why is everyone silent about this? Airdrop > after a while ask KYC  (Read 464 times)
evgeshti
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February 26, 2018, 02:34:04 PM
 #21

...I will try periodically to write down information. So I ask everyone who is also indifferent and sensitive to this issue, to leave information about such companies.

Polymath
Haven
ShipChain


To be honest, I do not remember Polymath needing any check during my registration, but I know one thing for sure, that a couple of weeks ago I received from them coins for Airdrop and now they cost more than $ 300. Usually I'm not a supporter of providing my personal information to companies for a few free coins, so it's most likely that Zshndfer did not require proof of identity with the help of documents. I do not try to advertise or desquidify anyone, but I collided personally with Polymath and there was no ID verification (of course they could add KYC later, and this option is possible)

So You are saying that is not required? Then I'm a liar? And these people must be your liars, too.

Dangers of the Polymath Airdrop Scam
https://bitcointalk.org/index.php?topic=2746718.0

POLYMATH, is secure? I Do not think so!
https://bitcointalk.org/index.php?topic=2831288.0

https://bitcointalk.org/index.php?topic=2676707.msg29817896#msg29817896
I never call anyone a liar if there is no reason, argument and proof for that. I just express my opinion and do not impose it on anyone. Read my message carefully. I wrote that I do not remember if there was confirmation of the address with the help of documents and if I had any difficulties with registration I would remember exactly. I keep detailed statistics of my registrations in Airdrops and try not to waste my time on projects if I have any difficulties with registration or inconvenience.
My case with Polymath is transparent and did not cause any questions for me. I registered on February 25, 2018, and on February 31, 2018 I received coins for the MEW. That's all what i want to say.
taeewo
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February 27, 2018, 06:41:01 AM
 #22

Havven did not required verification for airdrop, i think they actually said it during registration that they will b kyc but kater changed their initial plan which stated that kyc is for those buying i c o and eoi..
kaya11
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February 28, 2018, 09:45:47 PM
 #23

I agree with you on a philosophical level, as there's no need for KYC for legal compliance. However the reality is this: People on this forum and elsewhere have hundreds, sometimes thousands of accounts registered. Some of these people have offices with hired workers that do this for them, others use bots. The reality for most airdrops is that they are centralized to just a few people with thousands of accounts. Without KYC the airdrop is not fairly distributed, and these scammers get most of the tokens. So in essence KYC is a way of countering this.

The solution of KYC isn't ideal, but what better system could you propose to alleviate the above issue?
Simple. Don't airdrop large proportions of the coin supply.

Marketing strategies, the more people seen in a group chat the better. They would airdrop millions of coins for their community to grow, and giving them their start up coin loses them nothing.

People are blind folded and investing in ICO now a days that have many supporters, they trust and invest in it. I am not saying all but some people dig deep and see if the project is worth investing for.

This issue is bugging me as I have KYCed  for Polymath (for airdrop), I already regretted things and did not think carefully before the latter happens.
MrSpasybo
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February 28, 2018, 10:56:10 PM
 #24

I think KYC should be available for Airdrop (once for registering / signing up ...), as there are too many people who want to abuse and register multiple times with multiple email / phone numbers.

However, for the bounty, the participants had to translate / write / share information about the project, KYC was unnecessary because they could not cheat.
OriginTrain
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February 28, 2018, 11:02:16 PM
 #25

I agree with you on a philosophical level, as there's no need for KYC for legal compliance. However the reality is this: People on this forum and elsewhere have hundreds, sometimes thousands of accounts registered. Some of these people have offices with hired workers that do this for them, others use bots. The reality for most airdrops is that they are centralized to just a few people with thousands of accounts. Without KYC the airdrop is not fairly distributed, and these scammers get most of the tokens. So in essence KYC is a way of countering this.

The solution of KYC isn't ideal, but what better system could you propose to alleviate the above issue?
As I have previously said I am not opposed to airdrop used KYC - I am opposed to it was hidden until the last moment. When they have already used people and got HYIP, then reports that it is necessary to pass KYC-it is not philosophy - it is a violation of justice.

But my philosophy is this - what deceiving once, - deceive again. It is impossible to trust such people, let there be such information about them - people should be aware, and what further they will draw conclusions it already their decision. Personally, I make the conclusion is clear - the potential fraud.

You are absolutely right if they're not transparent that KYC is required before the airdrop. Either the company is vastly incompetent since they didn't plant for this to begin with, or they're outright scammers harvesting identity data. Either scenario should hopefully tarnish the reputation of the project. What I mean is projects that are honest that KYC is required for the airdrop before it happens, those projects I can understand. But after the airdrop? Absolutely disgusting behaviour, agreed.
Ojengonggu
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February 28, 2018, 11:08:45 PM
 #26

I think KYC should be available for Airdrop (once for registering / signing up ...), as there are too many people who want to abuse and register multiple times with multiple email / phone numbers.

However, for the bounty, the participants had to translate / write / share information about the project, KYC was unnecessary because they could not cheat.
sorry .... i am different from you KYC for airdrop i think it is not necessary because it is useless as we know airdrop is just a project that comes and going different with bounty that has to work and takes time and it has started on the unlocked like project storiqa that uses KYC identification for the participants. and KYC is more commonly used for investors who make investments with a view to making investors properly identified and accurate
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