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SeXy
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June 13, 2018, 06:32:06 AM |
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KYC is much a broidered advantageous cure not honest championing me however what is more championing the ICO connive conducting campaigns and airdrops.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Isaremj3
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Activity: 294
Merit: 11
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June 13, 2018, 08:20:51 AM |
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Kyc is not to give you reward. What kyc means is know your customer however, the important is to known where each investors or bounty hunter comes from the only problem with kyc is the long time process to confirm the kyc. Also, it really affect the time and later turn out to be waste of time.
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cryptosharkk
Jr. Member
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Activity: 69
Merit: 1
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June 13, 2018, 08:28:31 AM |
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No need to send your documents to get some dollars if you think project is sketchy.
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? ?? ?? ? ?? ? BetGil.io ? BETGIL IS SET TO ? ?? ? ?? ?? ?
- - - REVOLUTIONIZE THE ONLINE GAMING INDUSTRY |
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Nikitavoz
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June 13, 2018, 09:17:03 AM |
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All these details will only improve the design and help distribute evenly tokens to everyone who wants to buy them. In addition, there will be no confusion about non-existent persons and repeat accounts.
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aggress0r
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June 13, 2018, 09:35:15 AM |
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I've never heard and come across applying for KYC before joining any bounty or airdrop only for early investing.
If it is airdrop that asks you to pass KYC you better bypass it anyway IMO.
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Max.junior1
Newbie
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Activity: 134
Merit: 0
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June 13, 2018, 09:37:44 AM |
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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 is such a big help not just for me but also for the ICO project conducting campaigns and airdrops. It help in a way that scammers/fraud are prohibited in receiving the tokens that should be given only to those who are legit participants. KYC has such a big impact to those fraud that turn their dirty works into trash. Yes, I believe if there is a project that asks KYC verification to Bounty participants, I think the project is not a fraud. But most people do not believe in projects that ask for KYC, they are worried about his personal data. |
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Script3d
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June 13, 2018, 09:39:33 AM |
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you will get nothing in return they just need your information to sell it to some advertising companies or even worse if your a bounty hunter. would you trade your private information for some few dollars on airdrop? if its bounty campaign with huge pool would give information. if its only for ico buyers then its good they just need to catch money launderers they will not do it if it wasn't for the government.
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IGTcompany
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June 14, 2018, 05:16:56 AM |
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Know your customer (alternatively know your client or 'KYC') is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship. The term is also used to refer to the bank regulations and anti-money laundering regulations which govern these activities
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bitcoinmee
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Merit: 28
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June 14, 2018, 10:13:13 AM
Last edit: June 16, 2018, 02:19:11 AM by bitcoinmee |
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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
They give you nothing. They just want to make sure that your not a bot, prevent cheating or to make sure that your in a country that's allowed to participate in their ICO. Do not give your identity for a small amount of money |
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toydoll
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June 14, 2018, 10:31:27 AM |
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I try not to participate in such companies,where they ask to pass the KYC.I do not want to send my documents to unknown people,because it is not known how they will be able to use them later.I don't think it's safe.
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shixiu
Newbie
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Activity: 55
Merit: 0
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June 14, 2018, 11:35:17 AM |
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First of all, the rewards and airdrop activities have considerable profits. Many project parties have to provide real-world users with rewards in order to ensure fairness, so KYC links will be set up. However, from our personal point of view, private information is very important. When you carry out these activities, you should pay attention to screening projects and only perform KYC on projects that you consider safe and reliable.
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Strufmbae
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Activity: 486
Merit: 27
HIRE ME FOR SMALL TASK
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June 14, 2018, 12:50:52 PM |
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If a project has kyc then it has the assurance that it is legit in a 99.9% but your personal information will be known by the company and can be used into illegal doings, the best thing to trust projects is to check and prove that the developers of a project is trustworthy.
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Manchumichael
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June 14, 2018, 02:02:32 PM |
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I try not to participate in such companies,where they ask to pass the KYC.I do not want to send my documents to unknown people,because it is not known how they will be able to use them later.I don't think it's safe.
That's a good decision. they will give us few bucks for that we need to provide our full information i don't think it is worth for us and i am not sure they will use our KYC just for verification they can use it for anything. even my opinion is also same just ignore if anybody asked KYC to proceed your account. |
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carlfebz2
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June 14, 2018, 02:31:41 PM |
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you will get nothing in return they just need your information to sell it to some advertising companies or even worse if your a bounty hunter. would you trade your private information for some few dollars on airdrop? if its bounty campaign with huge pool would give information. if its only for ico buyers then its good they just need to catch money launderers they will not do it if it wasn't for the government.
Ever since i didnt even expect that the time would come that even bounty hunters would be required to pass up documentation for their KYC process which i dont even see the point why they are included which they are just included on the marketting thing with the project.It doesnt really give anything for bounty hunters but for investors this might give somehow assurance for a project that it is abiding on current laws but not totally a guaranteed thing that they are all legit ones some might on the right path and some do have different intentions. |
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MoonJeina
Sr. Member
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Activity: 652
Merit: 250
Make winning bets on sports with Sportsbet.io!
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June 14, 2018, 04:02:26 PM |
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KYC is a way off assurance of the identity of the investor or participant of the ICO by the team of the ICO .
It involves sharing some personal information for authentication purposes . I think you should carefully reveal your personal information
to any ICO . You must be totally sure about its authentication before giving away everything as that might cost you in the worst case.
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localcrypto
Member
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Activity: 287
Merit: 10
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June 14, 2018, 04:05:32 PM |
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kyc gives ico companies full regulation and security for the ico company to perform on legal ground where ever they operate so it is preferable to have kyc
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senne
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June 14, 2018, 06:17:50 PM |
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If a project has kyc then it has the assurance that it is legit in a 99.9% but your personal information will be known by the company and can be used into illegal doings, the best thing to trust projects is to check and prove that the developers of a project is trustworthy.
I believe the necessary to introduce KYC in different ICO's or bounties is to remove spam users. Everyone is well identified by the problem alt accounts in such situation the best way to filter alt or bot accounts is to introduce KYC feature. I don't think there is any harm to provide KYC to a genuine company as your data will be in safe hands but providing your KYC information to any random project is quite risky, even if you provide KYC there is no necessity that the project will legit in long run. |
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Oilacris
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June 14, 2018, 08:08:08 PM |
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If a project has kyc then it has the assurance that it is legit in a 99.9% but your personal information will be known by the company and can be used into illegal doings, the best thing to trust projects is to check and prove that the developers of a project is trustworthy.
I believe the necessary to introduce KYC in different ICO's or bounties is to remove spam users. Everyone is well identified by the problem alt accounts in such situation the best way to filter alt or bot accounts is to introduce KYC feature. I don't think there is any harm to provide KYC to a genuine company as your data will be in safe hands but providing your KYC information to any random project is quite risky, even if you provide KYC there is no necessity that the project will legit in long run. But the question is how can you spot out if a genuine company do make handle those data on secure way? I doubt you wont able to know such thing.If you do then its really hard to find out. Most people do loves anonimity but sometimes or this is being take advantage for those who do likes to cheat or commit fraud. KYC do minimize it but not really a compulsory thing! For investors join on ICO's with your own preference. |
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heds0n
Newbie
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Activity: 112
Merit: 0
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June 14, 2018, 08:16:25 PM |
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I think that it is possible to pass the KYC procedure in strong projects. You shouldn't put your data everywhere.
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pazon456
Newbie
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Activity: 238
Merit: 0
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June 15, 2018, 05:13:19 AM |
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Now I do not join the projects that require KYC, since I will not be guaranteed by anyone who protects my personal data.
Can they use our details for some other illegal things if we submitted our details for the KYC? Are there any regulations regarding that? Even they can use your ID card images and make fake IDs and use them. I also have the same problem that even though they use it to uniquely identify people but still they have confidential information about us. |
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