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Author Topic: KYC and Airdrop Token  (Read 1561 times)
Osiris0
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August 01, 2018, 12:22:28 PM
 #41

In my opinion this is kind of bullsh*t but everyone is scared about newcoming regulation rules and SEC is not the only problem ico can have. It is bad but also good in the long-term...
AzureDragon
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August 01, 2018, 12:23:47 PM
 #42

As for me. I against the KYC at the airdrops. Airdrop tokens should be free for charge becuase this is promotion. The aim of airdrops is to share some project to wide community.
KYC kills this aim.
But as for ICO that control may be usefull especially when developers return funds to their owners.
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August 01, 2018, 12:31:19 PM
 #43

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process.  Share your thought on this issue

Some of airdrops are require identification the reason why they do that is to avoid multiple accounts but personally I think you should stay away from that, we're not sure if it's real profitable or a scam.
charlop24
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August 01, 2018, 12:42:16 PM
 #44

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process.  Share your thought on this issue

I personally believe that any airdrop asking for kyc is a scam, asking people to submit personal information to obtain an insignificant number of token is laughable. One could argue that its necessary for identification process and to curb the utilisation of multiple accounts, but I still believe that kyc is only necessary for investors who purchased the tokens. Going by the meaning of KYC - Know Your Customer / Client. Airdrop participants cannot be categorised as clients to the company because no transaction was made.
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August 01, 2018, 12:46:59 PM
 #45

Personally i do not participate in any airdrops that require an KYC. Most of the times airdrops arent even worth pretty much so its not worth to complete KYC

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magnat7691
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August 01, 2018, 12:49:22 PM
 #46

Rewards from airdrops usually do not amount to much, so you need to think about the time spent on KYC.

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August 01, 2018, 12:58:16 PM
 #47

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process.  Share your thought on this issue
If I were you I will not do KYC for airdrops. It's not worth it. In my case I only do KYC for bounty campaigns here in bitcointalk. Or maybe in ICO when the time comes that I decided to participate.
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August 01, 2018, 01:06:53 PM
 #48

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process.  Share your thought on this issue
If I were you I will not do KYC for airdrops. It's not worth it. In my case I only do KYC for bounty campaigns here in bitcointalk. Or maybe in ICO when the time comes that I decided to participate.

There's an high percentage of risks to give your identification in airdrops.
Stay away from that because it's too risky, especially we do not know if this is true or just part of a scam.
Just be careful on what the personal information that you give in any site.
kier010
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August 01, 2018, 01:17:56 PM
 #49

there are many different reasons for that. there are people creating multiple accounts to participate so KYC can prevent it. what if the airdrop requiring KYC is a scam? most airdrop today are scam so better stay away from airdrop requiring KYC.
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August 01, 2018, 01:26:47 PM
 #50

In my opinion, this is arguably not worth it between the results and the goods we are staking. Imagine that if we are sharing our personal information to the public just to get a token that is not of value. This is not a wise choice. I think that KYC is used only for investors.

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cryptobali
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August 01, 2018, 01:44:52 PM
 #51

kys stupid procedure that humiliates the participants and does not agree with the theory of decentralization and blockchain
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August 01, 2018, 03:00:48 PM
 #52

I think this is a really good development, however, the tokens or coin need to act responsibly with that information and protect it from scammers and others that will look to abuse it.

In airdrops there are a lot of people entering double, treble or even more times, this is not only unfair but it also defeats the aim of doing an airdrop as it creates large holders of coins or allows people to manipulate the value by dumping.

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knggtrrz
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August 01, 2018, 03:06:40 PM
 #53

I think this is a really good development, however, the tokens or coin need to act responsibly with that information and protect it from scammers and others that will look to abuse it.

In airdrops there are a lot of people entering double, treble or even more times, this is not only unfair but it also defeats the aim of doing an airdrop as it creates large holders of coins or allows people to manipulate the value by dumping.

You have a point, this kyc is use to prevent multiple sign ups and to avoid abuse in the system but sometimes we cannot really tell if the project is legit or just getting our IDs for them to use it wrong doings.
Guddini
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August 01, 2018, 03:21:57 PM
 #54

This is already done by a lot of projects, to protect against scams, it seems to me that there is nothing difficult to go through this procedure

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August 01, 2018, 04:54:03 PM
 #55

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process.  Share your thought on this issue
I think that those projects that require your personal documents in return for the meager pay scams! The KYC process for airdrop is unacceptable, because the reward is very small, and you risk your personal data for a few dollars.

kanmo
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August 01, 2018, 04:56:40 PM
 #56

Recently, some airdrops require identification documents to be uploaded before airdrop tokens are distributed. Emails are sent as a reminder to complete the KYC process.  Share your thought on this issue

I really don't see KYC for airdrop as something important because its airdrop and it should be free of hassles. For me, most of the time a see airdrop with KYC I just ignore it because I don't have time for their KYC.

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August 01, 2018, 05:01:31 PM
 #57

Bounty is worth to KYC, but Airdrop? Nope? Not worth to give them your personal information
twtr2
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August 01, 2018, 05:03:54 PM
 #58

I think it isn't a problem. Don't worry about it. KYC needs for checking multiaccounts and delete bots. I guess good company should have KYC.

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August 01, 2018, 05:04:47 PM
 #59

I think it is very risky and not so wise to give out your details of kyc anyhow because the rate at which cyber crimes are aggravating is too much. We all need to be security conscious.
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August 01, 2018, 05:05:24 PM
 #60

This is the requirement for all the ICO's recently and there are few projects asking for the KYC for airdrops and bounty as well but most of the projects doesn't require KYC for airdrop and bounty and they isnist for KYC for investors only. I think the KYC concept is to avoid anonymous purchase and bulk purchase of whales but not too sure why this is mandatory now a days and may be this is due to legal requirement for ICO's now a days.

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