What does KYC gives you ?

[Xclusive5]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

KYC simply means know your customer and its done by most ICOs in order to know the identity of all their investors and ICO bounty participants. KYC is just a means of verifying identity in order to be able to buy token during ICO.

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[desticy]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

Be careful, many scammers require KYC in order to steal your data. Before you pass the ICC, make sure that the project is real. As a rule, the KYC gives the right to payments in the company, or the opportunity to trade on the exchange. Ask yourself if it is worth it.

[Spaffin]

KYC checks give nothing for headhunters except headaches, while taking away a lot of nerves and health. Now many ICO projects in a hurry are beginning to do such a check without some preparation, hastily, in the ICO process or even after its completion. There are no specific, clear and clear forms to fill it out. Even in this project, whose signature I wear, they offer to undergo a KYC check by filling out a form to buy their tokens as investors, and then click on some button “send a KYC check”, but I don’t find such a button. Therefore, we have to be nervous, because I have been participating in the project for three months already, and if I don’t send KYC, I won’t get any earned tokens. Who needs it.
 In general, I consider any KYC checks against bounty hunters to be illegal, but if they are carried out, they should be carried out only when joining the ICO generosity campaign, as some require the provision of information that is sometimes impossible to imagine. For example, proof of place of residence at the specified place of registration, but not all live in the place of their own registration. Many study, work, temporarily stay and live in other places and cannot provide such evidence. And there are many such cases.

[inoes]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

Be careful, many scammers require KYC in order to steal your data. Before you pass the ICC, make sure that the project is real. As a rule, the KYC gives the right to payments in the company, or the opportunity to trade on the exchange. Ask yourself if it is worth it.

I think it will be worth it to provide our personal data if it is for a trusted project
like the blockchain that is now collaborating with Stellar and providing free XLM for all users who have successfully verified their ID

[darmin]

still a reasonable thing if KYC imposed for investors in ICO because it's real customers. However, if this is put in place for bounty and airdrop then becomes a question for what it is. that doubt is when it's misused to things that are not supposed to because the identity of the KYC is quite valuable.

[minttop]

It gives nothing to me, but for ICO it is SEC requirement.
You know, sometimes they pay more money to approve bounty participant than to pay out him tokens.

[Fluxtorrence9]

KYC is giving away your total personal data ,that's why I don't join airdrops or bounties that requires KYC because its a huge risk and no one is going to give you the guarantee of keeping my personal info safe. Now every bounty managers are following same footsteps except bountyhive

[elzjmirra]

In my opinion, the effect of KYC is to reduce the interest of bounty hunters to carry out prize campaigns, and they will definitely look for projects that do not use KYC. So far, this KYC procedure has not given me a prize because I have participated in a bounty program and used KYC. After I graduated KYC and until now have not received compensation.

[asus09]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

no, you have to do KYC after the campaign ends to get rewards from your work. and if you don't want to do it, you won't get what you do during the campaign. but not for airdrop, airdrop rarely involves KYC in every free tokens distribution.

[sirengutou]

I participated in many projects that required KYC, but they gave me almost no valuable rewards, so I have stopped my behavior now!

[judeafante]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

The general sentiment is people do not want to participate in airdrop or bounty that require KYC because they all knew that, it's not safe and there is a risk, it's very rampant selling of data and personal details in the dark web but it's up to the participants what his preferences.

[Maslate]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

The general sentiment is people do not want to participate in airdrop or bounty that require KYC because they all knew that, it's not safe and there is a risk, it's very rampant selling of data and personal details in the dark web but it's up to the participants what his preferences.

That's true, therefore we should only invest on projects that we trust and comply with the KYC requirement.
Selling date is happening actually but if you are just a ordinary person, there is nothing to worry IMO.

[terible.hunter]

I participated in many projects that required KYC, but they gave me almost no valuable rewards, so I have stopped my behavior now!

I see that you still learned to trust and verify the information you are reading on the forum, because now there is a very high probability that your documents that were previously sent to KYC were sold to the dark Internet.

[X-ray]

For me to be honest i dont think KYC is required when it comes in ICOs unless you are a big and trusted project, because i think maybe they will steal your identity.

So many scammers have been stealing the identity from the bounty participants and then they are selling it on the darkweb. This sucks consider there was only less than 5 percent of trusted project. It sounds good but at the same time it can become a boomerang. Will better to put easy KYC verification.

[Q2kc]

Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining

For me KYC is fine as long as the project is legit and legal, don't just give your information or passport to anyone be sure that the project is real, also some ICO or bounty require KYC for Legal Purposes just be careful

[terible.hunter]

For me to be honest i dont think KYC is required when it comes in ICOs unless you are a big and trusted project, because i think maybe they will steal your identity.

So many scammers have been stealing the identity from the bounty participants and then they are selling it on the darkweb. This sucks consider there was only less than 5 percent of trusted project. It sounds good but at the same time it can become a boomerang. Will better to put easy KYC verification.

So you propose to introduce verification for network users? I hope that I did not understand you correctly, since I am categorically against the KYC process as I consider this process completely anti-human, as people have the right to anonymity and should have.

[jpoker272727]

Know Your Client gives me nothing in return.

The Team developer will just get my information and copy of MY ID>


KYC is just better for them as they can see people who must not connected to them!

But aside from that nothing more, KYC is not healthy for investors!

[jpnl0008]

A bit more of security and assurance to bounty hunter after projects are been done with and its also a means to ensuring that everybody gets what belongs to him or her and sorting out those who are scammers

[bgpsq]

KYC process is required by governments and cryptocurrencies were created to fight with these authorities. Kind of problem right?

[llyfee4u]

KYC gives me absolutely nothing.  To my mind, its like a snoopers charter, KYC is like a prying eye and its against the concept of crypto as far as i'm concerned.  The very reason governments and cooperation are lackluster in their acceptance of bitcoin (for example) is because they don't have control.  One way to ensure control is by knowing everyone who is involved in crypto and KYC basically is gathering data to that regard.   Its a one way thing, exchanges/projects get to collect data but the provider gets nothing in return.   I absolutely dislike the idea of KYC in crypto although i accept that we are headed in a 'mandatory KYC' direction for crypto involvement.