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Author Topic: KYC should be for big whales  (Read 25305 times)
ropyu1978
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July 07, 2019, 11:19:07 AM
 #401

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying



there are many reviews for KYC from time to time. but none of the complaints were responded to, so I guess if you don't want to do KYC in every bounty campaign, you should check and ask dev if you want to join the campaign.
because I think however you complain and oppose, there will be no response.
because there are many reasons they say, one of them is for legal regulations or preventing farmers from following multiple accounts
pant-79
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July 10, 2019, 11:17:14 AM
 #402

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I fully agree with this statement. The KYC is not really aimed at the goals that it covers at the moment. It is reasonable to assume that a KYC is necessary for those whose purchase exceeds the determined amount. At the same time, I'm confident that those people who receive the greatest financial benefits are in the shadow.
Unfortunately, we are not able to change this system, because the strong and powerful will always try to further restrict those who could potentially become their rival, and everyone else who is trying to significantly improve the quality of their lives.
Turk Ace
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July 10, 2019, 05:37:38 PM
 #403

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

That is how it is supposed to be. It is also supposed to be given by a verified company. The devs are never suppose to see your personal info. You should get verfied once by a company that does KYC and will protect your data. From then when asked for KYC you just direct the person to the website and they check that your status is in the green. In doing so you only ever expose yourself once to one company that legally must protect your data. I don't see why this is such a problem. Noone has any business asking your your personal details. If they are then they must have bad intentions or using it as some sort of excuse or another.
dimox
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July 10, 2019, 10:22:57 PM
 #404

i think they already fill kyc. and im sure if bounty and investor must fill it.
kyc is not only to 'give your information to other party' like it have bad thought, but its for to know who the participant, and they cant use multiple account for bounty participant. if there any problem, they can do what they can do.
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