Token distribution using KYC verification

[Disclaimert]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

[babarian]

so far for verifying the distribution of your identity token will be safe and I'm sure it will not be misused

[Road445]

I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.

[Disclaimert]

I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.

I am also very afraid of it, and I doubt it will be sending the KYC data but if I do not follow the rules I will not receive the token I already get in the spreadsheet.

[Benarand]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

It remains only to hope for honesty and decency of the project team that it was not a scam and that your data will not fall into the third hand. And so this is a very important procedure that will weed out bots and give you more money.

[pazzanegro]

I don't like KYC verification actually, Its not ok if its bounty reward and they ask your id, I understand if you want to join private sale or pre sale, its forbidden in some countries to buy crypto, thats why they ask you, they don't want to break the law

[warning_btc]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

Its not safe, how you know kyc service can be hacked and your id's will be stolen

[auroboros]

I think the reason why they use KYC in token distribution is to prevent double account, and for now I see it all safe, at least we didnt give any private key

[gizmodo1987]

I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.

Agree with this we can't just give our KYC data directly to ICO website.  We are not sure if it is safe or not and also its a problem when someone can leak the datas. We can't just submit our data to every bounties and airdrops just to receive some tokens/coins.  From its name KYC(Know Your Customer) bounty hunters should not undergo this process because we are not their customers. If we look at it the ICO's are the customer of the bounty hunters because we work to advertise their project.

[MeongElek]

I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.

I am also very afraid of it, and I doubt it will be sending the KYC data but if I do not follow the rules I will not receive the token I already get in the spreadsheet.

Each bounty program has different rules with KYC, some can use identity cards and some people use passports. Of course, we must think positively to those who run bounty programs. I'm sure they just want to know the identity of the investors who invest with them through KYC verification.

[KuromaYoichi]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

Is this for bounty or the one who participated in their ico? If it's for ico then i think it's fine because they want to avoid getting into trouble with the government. For bounty it's also fine to do it because there's people who join with multiple accounts and with kyc the number will be reduced. Kyc is fine as long as they only use your data to verify the distribution and not selling it to other people.

[lizardbtc]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

If you need to, don't. At least I wouldn't even think twice to enter bounty campaign that has KYC in it, not because I want to hdie or anything, but simply I don't trust these startups much, nor do I trust bounty managers to keep my IDs safe. I even don't trust banks and always duble question myself when giving IDs to anybody and you expect me to trust these startups? Firs thing first they can do an exit scam and take your ID and sell it on dark market, their server with database might get breached due to low security and other scenarios. I am jsut not comfortable with giving my IDs to anybody if I don't have to.

[gizmodo1987]

I think the reason why they use KYC in token distribution is to prevent double account, and for now I see it all safe, at least we didnt give any private key

Its still not safe to just submit our KYC data to anybody. Those data can be use for fraud and also in other forums there are selling of KYC packs. A KYC must done by a KYC verified institutions and it will cost more to the ICO if all bounty hunters that participate their campaign will do KYC.

[btcyoda]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

If you find potential in the project then the company will surely ask for KYC, to implement KYC into a website it requires a lot of funds. So for internal verification and audit purpose company owners will ask for KYC documents, but sometimes it is frustrating whether they will use it for scams.

[bobo012]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

I dont like it, and would like the team behind the iCO project to announce it before the bounty start. If there is a KYC and submission of documents, i dont even want to start doing it. I cant just share my documents with dozens of companies, i just dont know where it will end, and for what is it used int the end. I have done a few campaigns that asked for KYC after they have finished, and i didnt give my ID. So not announcing it before the start is kind of wasting bounty hunters time.

[Disclaimert]

I think the bounty thread needs to resist KYC data.
Because no one knows what these KYC data are used for, I think it's a very dangerous thing to give our KYC data.

I am also very afraid of it, and I doubt it will be sending the KYC data but if I do not follow the rules I will not receive the token I already get in the spreadsheet.

Each bounty program has different rules with KYC, some can use identity cards and some people use passports. Of course, we must think positively to those who run bounty programs. I'm sure they just want to know the identity of the investors who invest with them through KYC verification.

hopefully that's just the purpose I fear if my identity will be misused by dev after token distribution done

[D3m1r4wanti]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

Its not safe, how you know kyc service can be hacked and your id's will be stolen

I'm also not sure KYC will be safe, if indeed dev does not intend badly against our identity. who can guarantee if our identity is hacked by others?

[Monta3002]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

It is safe, I had joined bounty campaign twice that requires KYC. It is only part of their rules or maybe the company is based in US so it is required and don't you worry it is only a simple KYC procedure

[Disclaimert]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

It is safe, I had joined bounty campaign twice that requires KYC. It is only part of their rules or maybe the company is based in US so it is required and don't you worry it is only a simple KYC procedure

Thank goodness that, I will learn from your experience. if indeed you've been following a bounty program with KYC and you feel safe, I would also believe that it's safe

[acheampong64]

several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe? could it be misused?

The problem is that we've all heard about many projects being scam projects and people blaming developers and managers for scamming them and so on and so forth. Also currently there are regulations here and there and so these have led to the upsurge of KYC for bounty participants. At first these KYC things were for investors but they are integrating it into bounty campaigns as well. No project manager or developer wants to be held responsible for legal proceedings and hence they are trying to prevent that by taking that action so that in case there's any legal confrontation they'll be safe.
But I also believe that giving out our personal identification data to just anyone is not very good at all. Imagine the number of bounties you're in now and each one demands your identification data, very soon your data will be spread across the internet and one bad aspect is that we don't know who we're giving our data to. Some government officials can even intentionally create fake projects just to get the KYC details of cryptocommunity members because they think we're fraudulent people. So it's very dangerous giving out your data on the internet.