What does KYC gives you ?

[Kang Bahar]

Let's be honest. Today, KYC is a process that no one needs. Everyone understands that this process only gives a threat to investors

Exactly. KYC will not give anything other than the threat of leakage and the sale of personal data from investors or even bounty participants, which will give a disadvantage to both parties.

so investors today use fake data through Photoshop

Of course, the forgery of data is not confidential anymore. Because now, even the smallest thing can be manipulated easily.

so what's the point?

Nothing. That's why I against the KYC system of each ICO project, even though the main purpose of KYC system is to prevent AML (Anti Money Laundering) from each investor or to avoid multiple multi-account for bounty participants.

[1715025993]

1715025993

[1715025993]

1715025993

[1715025993]

1715025993

[Williams_Leo]

For airdrop and bounty, KYC really doesn't need it. If bounty or airdrop requires KYC, it's best not to join those campaigns. Your information will not be secure and may be used for improper purposes

[littleheart]

For whatever length of time that I take an interest in the ICO that applies the kyc framework, I don't have any issues or issues, both while pursuing the ICO and finishing the ICO. I think kyc doesn't badly affect the crypto network. It's simply that it's better in the event that you discover kyc for you to pursue the ICO, it's ICO which is of good quality and guarantees results.

[Bunsomjelican]

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 only for centralized business aspects or for every centralized exchange platform.
And this was only apply for the bounty hunters and for the investors in every ico project depending on the rules of the bounty manager.
But sometimes it requires only for the investors in the ico project not includes the bounty hunters.

[jtbcoins]

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

Better give your documents to KYC only if you totally trust the project. Because scam projects can use your information whatever they want. So you can do it, but be careful.

[novusordo]

For me KYC is only for those who join ICO. And they must provide information for that ICO project. For bounty hunter, KYC is a troublesome and binding step for the participants

[kewlc3s]

KYC gives you risk that someone will use your data in the future.
That's it, I can't see any other advantages for bounty hunters or airdrop participants.

For ICO participants - other thing, against AML, KYC is best solution

[giacatluong]

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 form that requires verification to participate in ICOS campaigns. This form I think is good and very helpful to verify the identity of the participants. But Airdrop that requires KYC I think it's not necessary.

[Belianez]

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, the kyc project is a plus for me I go quietly into the project due to the fact that the bounty is much fewer participants involved than without him

[Thomas-s]

KYC gives you risk that someone will use your data in the future.
That's it, I can't see any other advantages for bounty hunters or airdrop participants.

For ICO participants - other thing, against AML, KYC is best solution

for participants of air drops, the presence of a KYC is an indication that the project is most likely a scam. many hackers collect data from users in order to sell them in darknet

[furball64]

KYC allows bounty managers to pay not all bounty hunters, and thus they save money for themselves. This is what KYC is for.

[ka4ok1331]

I believe that if a project requires a KYC, that means that we can avoid cheaters, and this is definitely a good point

[Denreal]

One of the areas bounty hunters and even investors need to be careful is in giving their details out for kyc. Yes, it might be good in some instances or situations, but in case where you are submitting your personal details to scammers, those who just want yo steal your identity and sell out, then that is going to be worrisome. Know who you giving you details out to or better still, do not participate in such project.

[ForTheAzerot]

I believe that if a project requires a KYC, that means that we can avoid cheaters, and this is definitely a good point

This is not always the case, but basically KYC has a positive effect on the number of participants, which is very good.

[Sundaey]

Since they said kyc is a way of knowing your customers I don't see nothing bad in it but the bad side here is those who introduced kyc to bounty and airdrop, all i notices is that they are trying to be unfair with people effort, any form of kyc for bounty and airdrop should be at least be done before and not later.

[ForTheAzerot]

One of the areas bounty hunters and even investors need to be careful is in giving their details out for kyc. Yes, it might be good in some instances or situations, but in case where you are submitting your personal details to scammers, those who just want yo steal your identity and sell out, then that is going to be worrisome. Know who you giving you details out to or better still, do not participate in such project.

Maybe so, I, too, used to be afraid of KYC, but now I don’t, just need to select projects well and just need to understand that now almost all the data is on the Internet.

[ForTheAzerot]

Since they said kyc is a way of knowing your customers I don't see nothing bad in it but the bad side here is those who introduced kyc to bounty and airdrop, all i notices is that they are trying to be unfair with people effort, any form of kyc for bounty and airdrop should be at least be done before and not later.

I agree with you, I also don’t like it when KYC is added in the middle of a campaign, better when you can do everything right away.

[sergei1703]

As an investor, I fell myself more secure because I know that KYC allows the company to be legitimate in my country, and no dark finance won't be invested in the project.

[beehimneff]

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

Now more and more often one of the conditions of participation in the bounty campaign is the passage of KYC. This is a normal requirement, and it should not be afraid. Thus, the company is struggling with scammers.

[Christinebeauty]

KYC is gradually becoming an accepted norm in the crypto community. Investors, bounty hunters and airdrop participants are now required to pass  a KYC before they can receive their tokens. It is a measure to eliminate cheaters from bounties and airdrops and also to prevent some citizens from participating in certain ICOs