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Author Topic: KYC for Airdrops: A bad precedence  (Read 198083 times)
bountylayomi
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July 10, 2018, 05:42:35 PM
 #721

I was not comfortable about the KYC happening in Crypto as well. Whereas we do not really know about these people asking for our details, it shouldn't be done this way. Even some Crypto exchangers will mandatory that one must upload Identity Identification before one will be able to withdraw after trading. It will be a very nice idea if we all in the Crypto ecosystem can stand against this move before it gains popularity more than it is now.
s.Zavgorod
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July 10, 2018, 05:45:44 PM
 #722

With this, there's nothing to be done. Almost everywhere you already need kyc, whether it's investing in an ICO project, bounty campaign or airdrop. Many came to crypto because of anonymity, but alas the rules are constantly changing.

Many people confuse. The crypto itself remains anonymous. This system was introduced only for those who help the project at an early stage. In the future, you can easily buy them on the exchange without any proof of identity

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knolix
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July 10, 2018, 05:48:29 PM
 #723

But the anonymity is not the right way, at first you have countries, where are crypto banned, at second you could easily break the law and not to pay taxes, is that good way you think?
KYC is absolutely need everywhere, in airdrops and in bounties.

helen28
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July 10, 2018, 05:52:16 PM
 #724

But the anonymity is not the right way, at first you have countries, where are crypto banned, at second you could easily break the law and not to pay taxes, is that good way you think?
KYC is absolutely need everywhere, in airdrops and in bounties.
I would also not engaged in an airdrop that requires kyc, I would rather not do airdrop rather than experiencing identity theft, I will still earn in some ways without the use of airdrop since it will be hard to tell the legit one.
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July 10, 2018, 05:53:11 PM
 #725

Please don't send your personal information through KYC form, for only few tokens. I personally don't participate with airdrops who demanding for KYC. Personally I don't trust on airdrops. Most of them are not needed by the market. They are developed for data collection.
jeungo
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July 10, 2018, 05:53:34 PM
 #726

If you know for sure that the project is good and that it will definitely pay, then I do not mind passing the KYC, but more often projects turn out to be bubbles that are reluctant and can not fulfill their obligations to even Bounty members, not to mention free distributions Airdrops.
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July 10, 2018, 06:07:34 PM
 #727

I think its good to implement kyc for airdrops. It should minimize people making many fake accounts with stolen data to get airdrop tokens. Also if they require kyc then you should be wary of giving out your info.  Do your due diligence and find out about the company or team. Always be careful
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July 10, 2018, 06:15:50 PM
 #728

WELL, I dont see anything wrong KYCs in airdrops, but i find it not very unnecessary as most of these tokens in the airdrops have very little value attached to them, Plus there is nothing much attached to them. KYC is not as important for airdrops
taongam
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July 10, 2018, 06:16:06 PM
 #729

Yes ,this is a bad thing. I totally agree with you, sometimes KYC is required to ICOs but for the airdrop ,just say: " NO ". Why would I put myself in the danger of submitting my real identity over the internet to some anonymous that can use it in any illegal way? So forget about them that is a bad airdrops.
adzino
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July 10, 2018, 06:18:58 PM
 #730

I think its good to implement kyc for airdrops. It should minimize people making many fake accounts with stolen data to get airdrop tokens. Also if they require kyc then you should be wary of giving out your info.  Do your due diligence and find out about the company or team. Always be careful
They should use some other ways to fight against users who abuse air drops. But asking for your personal information and your ID isn't the best way. And one should not even give away their IDs that easily. "It should minimize people making many fake accounts with stolen data" - here the irony is that, they can steal your IDs and sell it. Most of the ICOs and airdrops are scam. They can use your information you provided to do illegal activities.

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July 11, 2018, 04:12:35 AM
 #731

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.
abake
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July 11, 2018, 04:16:16 AM
 #732

As a matter of fact, kyc for airdrop doesn’t worth it base on the rewards. It is more or less selling ones identity for a token. I don’t fall in love with that. Most airdrops out there are scams already, it’s better we stay away from such airdrops.

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949miner
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July 11, 2018, 04:18:43 AM
 #733

Yep, i just choose to do not join them because it is a bad thing to do, it is much more better to join other airdrops that are not asking for KYC or any other Bs of that..


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Jonnitor
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July 11, 2018, 04:40:04 AM
 #734

yes it is bad for an airdrop to pass the KYC. not only time consuming for the people, but hassle as well. Airdrop should only be promoting the project and doing simple tasks, because the amount rewarded is only little. Passing KYC treating the people as investors.
peterpan19z99
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July 11, 2018, 12:25:03 PM
 #735

I think if you are involved in Airdrops and you are offered to go to the KUS, it already causes suspicion that this company is a scam. It seems to me that those coins that you can get in Airdrops do not cost lost personal data, so you do not need to take risks.
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July 11, 2018, 12:35:02 PM
 #736

to own opinion and understanding, doing kyc for airdrop is bad and i will personally call it wasting of time. reasons being that no airdrop can fetch u worth of 200 dollars not to talk of 500 dollars, then why will one wasting time doing kyc for such little amount.
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July 11, 2018, 12:39:10 PM
 #737


I'm definitely against KYC. There are so many hacking incidents and I do not give out personal information to anyone in a circle around many fake ICO projects.
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July 11, 2018, 12:42:07 PM
 #738

If there is an Airdrop requiring KYC I do not think we should participate in it. why is it so difficult to participate airdrop, whereas most token airdrop results are not too much. but this may have its positive value as well, why airdrop obliges KYC. as most, by simply submitting an Email and Cryptocurrency Wallet address, one person can join more than one in an airdrop. and this is certainly detrimental to other members.
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July 11, 2018, 12:45:40 PM
 #739

I total agree with you that KYC is unnecessary for airdrops and this is the bad thing. For my side, I don't join airdrops which requiring me providing KYC. Because I thing that is dangerous. I don't know who he/she/they are and what they will do with my KYC. If they use my KYC and do bad things, I will be effected Embarrassed
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July 11, 2018, 12:47:39 PM
 #740

Up to this very moment, I still do not understand why KYC is also required for airdrops. It doesn't make too much of sense to me. It's just a waste of time. If I knew right from start that there was gonna be a KYC for a particular airdrop, I wouldn't participate in it. KYC is majorly for investors.
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