What does KYC gives you ?

[gabum19]

Some campaigns may have KYC or know your customer, but never do it on airdrops. Now a days airdrops are hard to identify if its legit or not. More careful enough.

[Ranie]

KYC is a requirement for ICO participants to get all the required information about them. But also, some bounty managers use KYC to get hunters with multiple accounts or fraudulent details during the registration.

[CryptoPowerL]

KYC is a requirement for ICO participants to get all the required information about them. But also, some bounty managers use KYC to get hunters with multiple accounts or fraudulent details during the registration.

KYC does not help identify multi-accounts. There is nothing difficult to buy copies of documents on the Internet. KYC is needed to comply with the laws of some countries

[lhung]

With scam airdrop they will get your information and bring business

[UnusualLeech045]

I think that you can just put a watermark on the documents and then you don't have to be afraid of what they will be used elsewhere. a lot of ico are asking for documents, so this can not be avoided

LOL. Do you think a watermark can't be photo-shopped? Anyway, as we know KYC is here because of the regulations coming SEC if not for them we wouldn't be seeing any ICO asking for that so fuck the government. I hope menlo will start as soon as possible to will be successful to lessen us the burden in submitting our KYC information to any ICO we'd like to participate.

[goaldigger]

If you want to join something even if its a bounty or an account on a particular exchange or wallet and they require KYC, you have no choice but to do it. You will not blame them because its a consequences of cryptocurrency anonimity. It is somehow gives us security so that your account cannot be opened by someone easily.

[Chandler32]

KYC participant in the ICO gives nothing but the opportunity to participate in the project, but it protects developers from registering bots in their project.

Speaking of KYC, I believe that a project named Menlo One will create an efficient system where-in you will only need to prove our identity once for such requirements. It will launch its ICO marketplace this July which means that we will soon be able to participate and buy tokens in a single platform. I seriously think that this will change how retail investors view ICOs since it enables us to buy listed ICOs easily for a much safer and convenient way of investing.

This is a link to Korean Jew's interview of Menlo's CEO where everything mentioned above is discussed in detail  https://www.youtube.com/watch?v=Rw1QBpBYE6o&feature=youtu.be

[DPrillio]

If you want to join something even if its a bounty or an account on a particular exchange or wallet and they require KYC, you have no choice but to do it. You will not blame them because its a consequences of cryptocurrency anonimity. It is somehow gives us security so that your account cannot be opened by someone easily.

Yes, but KYC's mean purpose is to prevent those illegal activity to be transacted in crypto currency because there are people that abusing crypto of being decentralized and they are re-directing illegal money transaction into ICO investment, so KYC serves its purpose to know even slightly who are the person behind that transaction.

[Esteeteeh]

Completing a KYC process shouldn't pose as a threat in participating in bounty, Know your customer (KYC) is the process of a business identifying and verifying the identity of its clients.On the other hand I would say if research has been duly carried out on a bounty before embarking on them and its certified genuine then fulfilling a KYC on such project shouldn't be a drawback,it's a process for them to put their books in proper records of where they raised money for the project.

[HyunBin]

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 made for your own security. For able to know and identify you as a owner of that account. It is very useful nowadays , there are many hackers who continously trying  to hack and to open your account and steal all your assets and holdings.

[trader34]

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

If the project and the company itself are legit, there is absolutely no problem in doing KYC. Furthermore, KYC is becoming more and more mandatory for everything now...

[gunhell16]

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

at first, i thought KYC will give assurance to the team and to its investors,
by securing the ICO, and will not be in danger because of those restricted people.
but as time goes by, KYC is nothing but that, just to make sure restricted citizen will not be able to join.

[Sergo Grigo]

Now there is a trend that those who participate in bounty and airdrop require passing KYC. This is quite a normal procedure, although many repels the fact that you need to transfer someone your personal data.

[Isaremj3]

Kyc now it is a common thing in cryptosystem and bounty this day. However, most of those project that include kyc after success of the project is a cheat. Also, when bounty hunter have contributed greatly to the success of a particular project they will now cheap in kyc to reduce the amount to pay for bounty. Dome project that have stated that kyc is important for all investors and bounty hunters those people that will participate in will have what it takes before doing the project.

[Kotomish]

This is a very interesting topic. To do or not KYC? Initially, all of the cryptocurrencies were anonymous. Now more and more projects are doing KYC. In some cases, this is required by the laws of the state where the company is registered. Sometimes scammers collect data.

[reynilynedago]

KYC leads you to expose your personal details to the market, which I do not see it right when it comes to campaigns and airdrops because people are here for marketing and not for the actual sale purchase. Here we can find many scam companies who are just fooling people with their time and no tokens in return and am afraid that the scammed companies will be having the personal information which is not beneficial for the person. So it's better if we do not invest in the airdrop and token companies who ask for the KYC just to be on the safer side.

[aigor9994]

I consider the presence of KYC as a positive moment in the company's bounty, since it will remove the owners of many accounts!

[tuann65]

It's to protect contributors and clients is a priority, it helps to deal with multi-accounts and protects against scammers, as it is sometimes required by law... In KYC you are required to confirm your phone number, identity by submitting your personal documents. This is all done in view to ensure safe cryptocurrencies transactions. This is my opinion, i think it should be need.

[KirunBarber]

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 a decision in the world of crypto.to overcome some existing fraud, with this expected no political money collected in a few people only.
if this is good, let's support.

[quarkyplum]

At the moment there are so many bounty campaigns require KYC and you need to do KYC if you wanna receive token. I think it's a little bit inconvenient but I think it's a must to fight against cheater whom often join more than 1 account in each bounty campaign. Beside I'll be fine if you do KYC for a trustworthy bounty but if it's not so your documents will be sold on dark market very soon.