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Author Topic: KYC for Airdrops: A bad precedence  (Read 198083 times)
Gunpaycity
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May 01, 2018, 03:47:23 AM
 #281

I also want it to be dispensed because airdrop gives coins for free and if kyc is not a rule on airdrop then more people will participate in this business

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May 01, 2018, 03:54:10 AM
 #282

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.

I agree with you. I feel worried about the identity of being abused by irresponsible parties. For a bounty program I consider a reasonable thing, but for an airdrop program that there should be a KYC it is just too much.
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May 01, 2018, 03:55:05 AM
 #283

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.
KYC in airdrops is too much and what they think to us. We are not investors that need to submit identification to know the source of funds. If that the scenario I will not participate in that airdrops if they will ask my KYC. A few dollars against my identity is not worth.
bitcoinvestor
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May 01, 2018, 04:01:57 AM
 #284

leave the airdrop. you will earn nothing from such kind of airdrop. KYC is fuck. It is the same as paypal and friends. Cryptocurrency is private , no need KYC. In fact, KYC is only a formal way to earn or invest. Many participants submit fake data.
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May 01, 2018, 04:10:44 AM
 #285

i think kyc prosedure is a must for filter greedy person, so distribution of the token can be done with fair.

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hydrococo
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May 01, 2018, 04:17:42 AM
 #286

airdrop with KYC I think is not so profitable. You should be vigilant, especially if the form field is suspicious. Never take risks. because the airdrops result is not much. it should be easy too. does not require a KYC that needs this data and that. So I suggest looking for other airdrops only.

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May 01, 2018, 09:27:08 AM
 #287

it is better to search another airdrop that doesn't use KYC to register because airdrop is for fun for every people which want to get free tokens. and if somehow they want to participants to fill the KYC, then we don't have to join and we can join in the other airdrops. maybe they want to know who is exactly the participants but I don't think that for using KYC is a good idea for the participants.

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Monkeyseemonkeydo
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May 01, 2018, 10:14:01 AM
 #288

Airdrops are useless waste of time in 90% so what the point in sending some unknown guys your passport copies or driving license? It won't work that way
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May 01, 2018, 10:28:04 AM
 #289

I never provide my KYC especially in airdrops because most airdrops nowadays are scam. Better avoid giving personal details because it is against the purpose of blockchain. At the sane time, some people after they receive the token they will sell it, though they don't have already their token their data still saved in database.

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May 01, 2018, 10:30:30 AM
 #290

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.

This is a great contradiction in cryptocurrency world. Everyone prefer crypto than cash because it's anonymous (or pseudonymous). If they (ICO founder) doesn't require KYC when buying tokens, bounty, blabla, the whales, cheater can easily buy and earn token. I fully understand their thoughts. To avoid manipulating the market of some individuals, I think KYC is necessary.
But you should know that you can't earn much money from airdrops. SO KYC IN AIRDROP is "bullshit". You shouldn't join it.
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May 01, 2018, 10:33:47 AM
 #291

KYC is for bounty hunters is total bullshit. And KYC for Airdrop is even worse. I don't get it. How can anyone share their private information? It is not just stupid, it is recipe for disaster.
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May 01, 2018, 10:40:04 AM
 #292

In my opinion KYC in airdrops is not a necessary thing mostly because airdrop must be the way to get crypto with easy steps. KYC makes this process more difficult. That's why there will be less people who want to join airdrop, it's worse for projects
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May 01, 2018, 10:46:06 AM
 #293

I have personally try to avoid submitting my own personal documents to companies in order to take part in airdrops, as you would never know what will the companies do with all your personal documents after they received it, and I think most of the companies does not even have a secure security system in place to protect those important documents of the participants.

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May 01, 2018, 11:03:39 AM
 #294

i dont like bounty campaigns and airdrop having KYC one purpose of kyc is to avoid money laundering why do we need to do kyc if we earned it by working we cant launder something we earned and probably they will sell your information to some advertising companies our information is probably worth more than the airdrop coins.
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May 01, 2018, 11:37:22 AM
 #295

I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.
im skipping airdrops like this, i understand when ICOs project asking for KYC, but airdrops worth 1-10 usd? no thanks, i will not give my docs for some bucks and anyone could use them. Better not to risk with such things
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May 01, 2018, 11:39:14 AM
 #296

Airdrop is just a small amount of free coin for each individual. Why do people need kyc documents? When you join the facebook campaign some personal information is there then kyc needed? This is really quit unexplained and we do not know if they really hold our personal documents confidentiality. If it does not change, hoping there is evidence to sign that our personal data will not be provided to partners or other ICO projects.
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May 01, 2018, 11:55:39 AM
 #297

 I think it's necessary for those who buy tokens, but for those who participate in a bounty campaign I think it's an excessive and very annoying measure


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May 01, 2018, 12:02:58 PM
 #298

Your observations is correct and timely,naturally KYC is meant for investors and not for bounty hunters,investors KYC is needed because of the funds they are investing especially if the money is above $1000 any amount less should not attract KYC.
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May 01, 2018, 12:09:16 PM
 #299

There's nothing surprising, almost all ICOs are demanded to go through KYC procedures now, it's quite logical that Airdrops follow them.
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May 01, 2018, 12:41:06 PM
 #300

most ico's has airdrops and offering for their % share to the community has requiring kyc for the eligibility and claiming rewards. i they required that because user spamming and to filter fake accounts. thats why sad to say, many people are not eligible to from getting paid.

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