Do I need KYC for generosity?

[Andrey13101991]

I generally treat the KYC procedure very negatively. cryptocurrency is originally designed to be anonymous, and here we are must to send all our data. Even the residential address is now needed in order to receive your tokens. it is completely wrong

[Bttzed03]

While I do not personally agree on bounty or airdrop hunters being required to pass KYC, I also understand the reason for doing so. We all know that there are some who will always try to abuse these campaigns just to get more bounty rewards.

[vi77ip]

The KYC check for participants in the ICO generosity campaign is a very convenient reason not to pay bounty tokens to bounty hunters. Such a test does not require any state for bounty hunters; restrictions on participation in the ICO campaign of citizens of the United States and China are imposed only on those who invest their money in ICO projects. There are no restrictions for those promoting these projects.
The ICO teams abuse this right, applying it for selfish purposes against bounty hunters.

I think you're absolutely right. KYC for bounty hunters is a sign of dishonesty of the project.

[jaywizzy]

Yes, this is to eliminate the chance of same participant receiving more reward than others by multiple entry. But I think that the best is that the kyc should be done at the beginning of the project.

[Ging]

me too  i was wondering about this uprising issue and i really dont know why this KYC is introduced to the policy of this newly uprising icos they should really think about that because so many participants appose this policy.

[Olatunjex]

I am sure you aren't happy with the new system and many bounty hunters aren't happy either with it, i discover majority of project demands for kyc these days, as it stands, in as much you want to earn from bounty, you're left with no choice but to adhere to it.

[DonnieMitchel]

IMO, KYC is a must for any ICO and exchange.
In fact, that is the whole point of KYC.

KYC for generosity campaign on the other hand, is pretty much useless and worthless.
Especially with the tiny amount of free token that they give, it is too much of a hassle.

[Spaffin]

While I do not personally agree on bounty or airdrop hunters being required to pass KYC, I also understand the reason for doing so. We all know that there are some who will always try to abuse these campaigns just to get more bounty rewards.

In order to resolve an issue with multiple accounts, it is not necessary to violate our privacy rights. To do this, simply check the accounts by IP-address. The KYC verification does not solve this problem all the same, since you can use the data of your relatives and friends with their consent and some help.
In fact, KYC checks against bounty hunters are now being conducted to a greater extent so as not to pay the tokens we earn.

[maxilopez]

I, just like you, the author, I do not think that it is right that we should go through this stage of verification as it is illegal

[GunsLair]

It may be wrong that projects carry out KYC verification for bounty participants. But they too can be understood, they want to protect themselves, both from multi-accounts, and from legal problems. I don't refuse to verification if I like the project and I believe in it.

[Snaic]

The KYC check for participants in the ICO generosity campaign is a very convenient reason not to pay bounty tokens to bounty hunters. Such a test does not require any state for bounty hunters; restrictions on participation in the ICO campaign of citizens of the United States and China are imposed only on those who invest their money in ICO projects. There are no restrictions for those promoting these projects.
The ICO teams abuse this right, applying it for selfish purposes against bounty hunters.

I think you're absolutely right. KYC for bounty hunters is a sign of dishonesty of the project.

I agree. The KYC check is now used by ICO teams to a large extent in order not to pay bounty hunters earned tokens. Especially if such a KYC check is applied after the end of the ICO. Logically, there is already no other meaning in such a check, except to deceive the bounty hunters.

[Gab20]

I have also noticed the trend, but we cannot be forced i to any kyc. Which is why before you join any, you must be sure if it will be needed by asking the manager.
Do do not be generous with your personal details. Hence, guide it gelously. Gelous

[ricatop]

Yes, of course, because we can thus reduce the number of scammers who participate in bounty programs.

[alimarh]

I think all these things is to frustrate the activities of cryptos but in the end, cryptos will win these whole trials, I don't see any reason why KYC should be needed, cryptos is meant to be open the ledger to the public and keep the individuals privates

[levvv]

Recently, more and more arguments have arisen that ICO generosity campaign participants really need to be tested by KYC in order for ICO teams to provide information that their tokens are distributed to specific people. In my opinion, this generally sounds like something stupid. Who and why should the ICO team provide such data? Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid.
You welcome the situation when we go into the store and in order to purchase any product and we will be asked to first fill out a special form with your confidential data? Do you think that this is different from the situation with cryptocurrency?

I don't think there will be require KYC for utility token. But if the ICO company want distribute the security token, all of the holders will have to submit their KYC due the regulations of the company's country. If you are a hunter, you must do your research before choose a project to participate.
Otherwise, you will only giving your KYC to the scammers for free because the project is fake.

[Saisher]

Recently, more and more arguments have arisen that ICO generosity campaign participants really need to be tested by KYC in order for ICO teams to provide information that their tokens are distributed to specific people. In my opinion, this generally sounds like something stupid. Who and why should the ICO team provide such data? Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid.
You welcome the situation when we go into the store and in order to purchase any product and we will be asked to first fill out a special form with your confidential data? Do you think that this is different from the situation with cryptocurrency?

Why they want it to specific people, if they want adoption they should cover a lot of people not just specific and besides they cannot do a KYC when their coin hit the market, it's anything goes there, people who do not yet go through a KYC on those exchanges can easily avail their coins.

[ranggenga]

Just to be honest, I still feeling uneasy with the implementation of KYC. What i'm afraid of is that our data can be used for something bad.
That is something to be worried about, especially if we got scammed and we already put our KYC for it.

[coin-investor]

Just to be honest, I still feeling uneasy with the implementation of KYC. What i'm afraid of is that our data can be used for something bad.
That is something to be worried about, especially if we got scammed and we already put our KYC for it.

This is what actually happens just check the dark web millions of data are being sold, if they didn't hit the target funds, there is another way to do it, and this is by selling your personal information on the dark web, once you sold yours there is no way to fix it, it will always be there as long as the internet is existing.

[Krismanto]

The KYC procedure is indeed used for all investors and this, in my opinion, is very good. However, if the KYC procedure is used for bounty hunters or Airdrop, in my opinion, it is very bad. We can see that doing this prize campaign only gets a few prizes. But to get a prize they must submit personal data.

[anov996]

Recently, more and more arguments have arisen that ICO generosity campaign participants really need to be tested by KYC in order for ICO teams to provide information that their tokens are distributed to specific people. In my opinion, this generally sounds like something stupid. Who and why should the ICO team provide such data? Tokens are not much different from any other product, and stating that merchants need to know who they are selling is stupid.
You welcome the situation when we go into the store and in order to purchase any product and we will be asked to first fill out a special form with your confidential data? Do you think that this is different from the situation with cryptocurrency?

I believe that KYC demand is principally for defense of project founders from existing or future government rules. several ICOs originally ne'er planned to want KYC from generosity campaigners however got to modification rules for an equivalent reason I already explicit .