KYC should be for big whales

[Novatech8]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

[1715311358]

1715311358

[CryptoTech_]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

[Avri Susanto]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

yes you are right, indeed big investors should have to verify KYC. this has even been done by almost all projects. so there is nothing to worry about.

[shaheer001]

I strongly agree with your opinions as KYC is to control money laundering and fraud and the bounty hunters only collect small amount of btc or dollars when it converts to fiat or BTC money, so it must be for big investor not for bounty hunters.

[Pithaxz]

KYC in the form of prizes only applies to avoiding multiple accounts while large investors have their own procedures for conducting KYC before investing with ico. I think the KYC limit for every large investor already has its own procedure, so there is no need to worry about limits for large investors or bounty hunters.

[Mikcik]

Agree with you that mandatory KYC for airdrop participants is inappropriate and takes a lot of time for both participants and project team. Only should KYC with any bounty hunter earn an example amount of over $ 5,000, that is necessary

[Bitknick]

I agree that major players must undergo a serious KYC, but I also don’t mind if the team members of this or that project also went through KYC, so that we would know who we work with!

[Metall303]

I completely agree with you that only large investors should pass KYC. Similarly, in the bounty campaigns, people who receive a large number of coins must pass this procedure. this is a very good decision

[jademaxxiss012]

Big or small it should be taken into consideration because the governments are talking about a national security. If you only know OP that KYC is not being implemented because a certain company just want to know every users detail but it is for the reference in the near future if something will going to happen then it could be traced by retrieving KYC information of the certain wallet holder.

[dearbesz1219]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Big whales will never do KYC, they are buying cryptocurrencies OTC (Over the Counter Trades) and there is no limit, no KYC and no rules .

[Thanasis]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

ICO team keep this as tactic to exclude some of the bounty hunters without any rewards,so don't expect them to make no KYC for airdrops and bounties.

[creeps]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

Yeah, KYC should be done for everyone and if you are not comfortable with that, you can skip investing. Whales is here to move the market up, and of couse some of them manipulate the market. For sure they know how to play hide and seek, so its still hard to know the real identity of the whales though this is a good idea but i think it will not work.

[bassbity]

I completely agree with you that only large investors should pass KYC. Similarly, in the bounty campaigns, people who receive a large number of coins must pass this procedure. this is a very good decision

yes it is true that in campaigns that receive big prizes, they have to go through kyc like signature translators are always in big reward so it is very much needed for KYC.

[moynul2050]

a requirement that is KYC is really needed especially for large investors. this will be important data for each project. however bounty hunters always assume that KYC requirements only make it difficult for them

[Harkorede]

Big whales will never do KYC, they are buying cryptocurrencies OTC (Over the Counter Trades) and there is no limit, no KYC and no rules .

Logically, you're correct but I think they'll will still be required to undergo KYC if they're to withdraw theirs assets after the purchase since it will be very huge and most exchanges require KYC verification for such amount to moved from their platform.
However, I think OP is referring to Big Investors in ICO projects.

snip..

Big whales won't have any issue undergoing KYC IMO, It is under normal circumstance required by almost every project for big investors to be fully KYC verified before they could invest.

[ivannalog814]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree with you but only partly because KYC is needed not because you invest a lot of money but because the state in which the project is registered requires that the project would not invest countries that are prohibited. I think that the project is not interested in checking the documents.

[Riki31]

Nowadays KYC is required and passed by absolutely every small or big investor, and what about the wales, so they are always in shadow, and they will never do it personally.

[rose9696]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Investors really need to implement KYC so they can buy tokens, which is essential. But bounty hunters are not needed.
Why do they want to hold information of bounty hunters? we are just people promoting the project to them. So I think their goal is to hold our information to sell them to some technology businesses. That is the main purpose and we need to condemn this incident.

[clololck]

It seems that XLM is launching an airdrop through KYC. In fact, mainstream coins or well-known altcoins require KYC certification. Except for the excellent tokens other do not need any KYC, because no one knows them.

[CryptoAlphaStar]

All of this sounds good, but the rules are made by the regulators. Given the nature of cryptocurrencies and automated bot and spam activities in the rewards campaigns, a sufficient amount of money can be moved even partially with transfers of a few thousand dollars, so KYC should be reasonable even for payments of 500$ and above.

[Vilagra]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC also has a good side, to some extent it can  stop multiaccounters who take part in bounty and airdrops, because it is hard to find 100 documents to pass KYC for all their bots.

[Saisher]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

That was and is the reason for so many ICO's but you will later the question the legality of this KYC after the project is gone or gone scam you start to think what will happen to your vital information, because the project developers are nowhere to be found and they are not even legal in the country where they operate.

[labenea]

yes I agree with you for bounty hunters I think there is no need to do KYC unless the project can be managed seriously it might not be a problem., KYC is more appropriate for large investors who match the acquisition of prizes as well.

[Red-Apple]

you only apply KYC to a business that is already complying by regulatory laws and the company itself must follow a lot of rules including KYC. but  when it comes to ICOs and the likes of them, none of them are regulated or following any kind of laws whatsoever and that makes their move so absurd!

with that said, your criteria becomes invalid because because it doesn't matter if someone is investing $1 or $1 million, neither of them should give up their personal information to a shady ICO issuer who is anonymous themselves and are 100% going to abuse it.

[WalkerIVIV]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC should be applied to know if that can be included on the accredited investors or not. So far there was no strong reason to implement it to the bounty hunters even airdrop participants.
KYC should have putted to the big portion of buyers.

[TheUltraElite]

yes I agree with you for bounty hunters I think there is no need to do KYC unless the project can be managed seriously it might not be a problem., KYC is more appropriate for large investors who match the acquisition of prizes as well.

You guys are living in fool's paradises for sure. Yeah big investors are the whales and whales never show their real faces in public because they know they would be attacked then by robbers and criminals. What they do is they take up someone else close to them to do the KYC and then grab the tokens and run away. Seems like a story to you? No it isnt because in many time they will offer the KYC doer some price and would themselves enjoy the impersonation and get the tokens for themselves.

The bounty hunters in this forum need to get new jobs. Stop running after every new shittoken being printed out there and get a proper real life job.

[zulfi125]

You'r right and i agreed with you, KYC should be set a amount may be $1000 but when paying for airdrops little amount this is not good and some users not joining due to fear of misuse of data.

[mitsos2017]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

Yeah, KYC should be done for everyone and if you are not comfortable with that, you can skip investing. Whales is here to move the market up, and of couse some of them manipulate the market. For sure they know how to play hide and seek, so its still hard to know the real identity of the whales though this is a good idea but i think it will not work.

KYC should be done first from all the people who are running an ICO, and should be available to all investors (and bounty hunters).
It's a crazy thing, to have scammers stealing the money of people and the hard work of bounty hunters.

[ccsang]

most of the project is require KYC for who's want to buy large amount of tokens, beside that some of them is require all the token holder(include investor and bounty hunter) must verify their identities to confirm they’re not on any prohibited lists and assessing their risk factors. So you can't control the project team decision, just don't join the campaign if you must process the KYC verification. to receive your rewards.

[panjay]

nah they don't want to take a risk for their business. Let said that they got the problem with the government about security stuff, the more they prepare about the administration and distribution of their tokens, the easier the life or company get.

[nebuch]

KYC was formed intended to regulate scammers. Possible there are instances investor is also a bounty hunter. But I am really agree about it is not reasonable for hunters because hunters does not put some money into the project only investors does. There are disadvantages and advantages in KYC that somehow used to scam the people and steal their personal information. Very risky KYC.

[burky155]

Yes, you have mentioned something that i am sure we all would agree with you! The KYC procedure should perform with big buyers and traders. But usually it practice with the small investors and bounty hunters.. Unfortunately this is very unfair implementation for us..

[Matthewmorris4]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I am sure, ICOs that have passed and are currently certain to make a KYC process so that investors can participate, but not all investors want to admit to having large funds, or they might just be able to pay people to be able to use other people's identities and then share assets to be invested

[Bittalk12]

KYC is applicable to any level of investors because it will be unfair if the whales will only do the process right? Besides, this big investors can also use other people just to hide their wealth since the only thing you need in KYC are valid photo ID and a selfie right? As much as I know, the type of KYC you are requesting already is effective on Bithumb.

[Caladonian]

most of the project is require KYC for who's want to buy large amount of tokens, beside that some of them is require all the token holder(include investor and bounty hunter) must verify their identities to confirm they’re not on any prohibited lists and assessing their risk factors. So you can't control the project team decision, just don't join the campaign if you must process the KYC verification. to receive your rewards.

That's the point, not unless change just showed up KYC procedure should be declared when the bounty/ico's got started, so no one will join if they don't want to provide any personal information, if they feel that they are not comfortable with such rules better not to join and move to another project, even you are a small investors or big whales nor bounty hunters you are free to choose.

[coinuser4000]

Big whales are institutions and not just one person, how will you check the kyc of some company? That is not possible. Also these investors are not trading on classic exchanges but they trade OTC.

[Cnut237]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think a lot of this is companies just trying to cover themselves in an uncertain legislative environment. It can be a pain, and it does also allow for scammers to set up fake campaigns to harvest valuable personal information... but I can see why the projects do say they need KYC.

[Japinat]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I believe that KYC should only be for investors but there are some project that really enforce KYC to bounty hunters.
As a bounty hunter, you should be aware that it's part of the requirement in order to be eligible to claim the reward, but if KYC came after the ICO, then I think it's not fair to bounty hunters.

[vhns222]

KYC is reality,for investors and even for bounty hunters and if moths ago KYC for bounty was 10% now, i think 90% of all projects need KYC,both for hunters and investors so,we alrerady have KYC.

[IrinaDuisimbekova]

KYC is for every individual, it’s not only specific for big investors. Every crypto exchange provide this function in their service so that they can verify the authentication of the customers.

Benefits of conducting KYC verification:

• Confirmation of verified identity
• Approval to initiate your trading at the cryptocurrency exchange

[Volk-05]

That's right.  Kyc is needed but it seems to me that it is needed only for those who operate with large amounts of money!

[meldrio1]

It's already required for investors to do KYC if you want to invest in ICOs, but KYC for bounty hunters it's not good for me they should not required KYC for bounty hunters.

[Darker45]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree. But I am not wondering why KYC is being implemented in relation to crypto. That is a wise move from the SEC, which is nothing more than a dummy of the wealthy bankers. KYC is totally opposite to the ideas which built cryptocurrency. Cryptocurrency is anonymous. It is a form of payment that does not attach one's identity. And here comes this KYC. This is indeed a powerful move by the bankers to issue such requirement. Now, everyone including those mere Telegram or Twitter campaign participants have to reveal who they really are with matching passport and IDs.

[papagravel]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree with you. It is for this reason that I say that all those who demand the passage of KUS from bounty hunters or from the participants of the airdrop are doing this in order to limit the payment of rewards and nothing else.

[vv181]

At some point, KYC verification is useful for some government that wants to regulate cryptocurrencies or for exchanges safety. Nevertheless, KYC verification is contradictory with cryptocurrencies nature.

Bitcoin was built in the spirit of anonymity, and privacy. It solves the trust issues. Sadly, the fact now the majority of the user arent protecting their identity. As an example, there are a lot of people that Joined KYC verification only to participate in a bounty. It is wrong at any level in decentralized cryptocurrencies perspective.

[Denies]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think it's useless to express your dislike for KYC, it's useless. because KYC is now part of the ico project. but I think if there is an airdrop that does KYC you should just ignore it.

[canaveralnonie]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think it's useless to express your dislike for KYC, it's useless. because KYC is now part of the ico project. but I think if there is an airdrop that does KYC you should just ignore it.

He just want to lessen the time consuming application of KYC for a small time transaction. More or less, he want to justify the current status to be more appropriate, case to case basis.

[canaveralnonie]

KYC is for every individual, it’s not only specific for big investors. Every crypto exchange provide this function in their service so that they can verify the authentication of the customers.

Benefits of conducting KYC verification:

• Confirmation of verified identity
• Approval to initiate your trading at the cryptocurrency exchange

As I remember before, crytocurrency is famous because of anonymous transaction by anonymous sender and developer.

Thats why it became unique world trend, KYC make a glitch and flaws on that factor.

[petrcoin]

I think ico holders should make a kyc before starting an ico.

I didn't see any investor harm anything at all because he doesn't have a kyc but saw lots of ico holders.

[trash321]

It is very correctly stated here, because it is the big whales who are introducing KYC and it is they who come up with the difficulties in order to make the road for large investments; a new wave will probably begin very soon.

[el kaka22]

I don't doubt it should be available for everyone but KYC needs to be more relaxed. Depending on the amount of money the information required could be really insane sometimes. If I am trading couple hundred bucks at most than you do not need to know my ID number or require a picture of my face with paper in my hand which is really looking like its entry to some sort of cult and you need to give them a picture so they can blackmail in case you want to leave.

In reality the best you can do is if you want too much information it should be from whales who trade millions every day, if its just couple hundred bucks a day than ask me for my name and all (which anyone can lie if they want) and that is it, why would you want anything more from something that is under 200 dollars anyway, it makes no sense to ask so much for so little.

[d_fitrie]

Each project has different rules about KYC and some of them must be KYC to investors even for bounty participants, I have verified on some ICOs and I am not worried about that

[bolshojkush]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

If developers are told that a large investor is ready to buy 50% of the project tokens, then I think they will not require the passage of KYC. It is easier to register an organization in a country in which the cryptocurrency is not an asset and means of payment and there is no responsibility for operations with it.

[stock999]

I think that KYC is reasonable only when fiat money involved in buy/sell/exchange procedure. Because banks require the identification and projects must follow this legal requirement while they cooperate with banks.
But i don't see any reason to implement KYC  for crypto only  operations, when someone buys/sells tokens or altcoins using  other crypto as a money. Doesn't depend from the amount, if  it is either big or small. Cryptocurrency has been created as anonymous money, so we should follow this  principle while we operate inside of crypto.

[slaman29]

Big whales won't mind KYC, so it's not a problem for them or a problem by them. It's a problem for small fish who are either scamming or who are from locations that big states don't allow.

Whales who see KYC as a problem already have shell companies and fronts doing all their business for them.

Us fish who have problems with KYC are precisely who KYC wants to stop.

[jointherevolution]

I agree that KYC for bounties should not exist but KYC for ICO investors should be necessary for all. If they only ask for KYC after a certain amount then who is to stop one person from buying multiple times under the limit so no KYC is asked?

[ballerin and giroud]

KYC is not for crypto currency, you shouldn't make a choice. I do not understand a little about the KYC concept made, everyone has the right to keep their assets and assets confidential. I believe when crypto currency starts to be known by many people then one of the reasons is anynomous. But now, the new system is present and changes the comfort of the system that you have before, to be honest I don't like it.

[dhiraj0977]

Exactly true, I am fed up with every time I sign up for an airdrop, most of airdrops want KYC or full identification for even a very small airdrop $1 or less, this is really ridiculous to fill KYC for such.

[supine]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC on bounty hunters is required because a lot of bounty hunters are cheating on bounty campaigns by applying several accounts to get more stakes from the bounty. Bounty hunters can be considered as an investor too, because, instead of getting paid in cash for their work/promotion, they are paid in tokens/coin.

[arkawa040]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

KYC in bounty is not to find scammers, but in order not to pay coins to bounty hunters, there is a big difference between the companies that introduce KYC at the beginning of the company and the companies that introduce it at the end.

[Galantin]

What kind of decentralization can we talk about? When already everywhere we have to use passport data. We do not give anything to mine. Perhaps this procedure is needed for large investors, you are right. I see no reason to go through the procedure if you invest the minimum amount of 0.3 ETH.

[Ferris419]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

Yes. KYC is everywhere to protect scam and multiplie application. Project Company gets a verified customer (investor) and they know about bounty participants via KYC system. I like these KYC system very much.

[TIDOVEE]

I so much agree with you. The KYC may have a lot of advantages but I'm not okay with it. I have always dudged all ICO with KYC. Well I may not have what it takes to be qualified for them yet, but it hinders many people from doing them too.  I believe it is used to aithentify the participants and also to reduce scam.

[beehimneff]

Your point of view does not coincide with my point of view. In my opinion, all participants must pass KYC. You can just make KYC of varying complexity. For example, for small market players to make KYC in a simplified form, and for larger investors, respectively, a more complex version.

[Mysteryla]

Sometimes, I just wonder why bounty participant should be put under compulsion or be mandated to do kyc. Meanwhile, I do not not think others, who are into other promotional or marketing works also do the same.
There should be a main purpose behind it, according to the law and that should include the avoidance of money laundering.
Then since bounty participants are not bringing in money, I do not see how they will launder money.

[Naficopa]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

If we want our money to be safe, so that the projects develop in the right way and the scammers are punished, the ICO will have to be legally regulated. If hard legal regulations come in, then no doubt everyone will have to pass KYC verification.

[rachman mahesa]

KYC is usually done for investors only. Because most projects are like that. if for bounty hunters and the like it certainly doesn't make sense. But this KYC also avoids cheating for bounty participants. Because now many play many accounts. Therefore, KYC is often used for bounty hunters.

[rosezionjohn]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

You are only saying this as an airdrop or a bounty hunter or probably a retail investor. You see, regulations on cryptocurrencies are changing and these crypto projects needs to abide. If you were on the other side of the fence, what would you do?

[milani]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Partly I agree with you, that the KYC procedure should be limited, but in a quite another way - every participant should pass the KYC, it may help to avoid frauds, but may be it should be structured, like depending on the amount of the investment the requirements to data for passing KYC should be more strict and broader as the sum is rising. And it should be made before participating in ICO or bounty campaign, or investing, in order the person knows that he or she will or will not get the reward or coins.

[Ozero]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

I agree that it would be most optimal for KYC to be checked in ICO projects by those investors who buy large quantities of new tokens. Bounty hunters should not be tested by KYC at all. It is used to prevent the laundering of dirty money. Bounty hunters do not invest in ICO projects and therefore should not pass such a test.
Passing a KYC check should not be applied to bounty hunters, ostensibly to avoid multiple accounts. No state requires this, and the initiative of the ICO team in this regard is the excess of their powers. It is possible to violate our right to the confidentiality of a person only in cases provided by law, and not to whom it pleases even under the guise of the most noble cause.
If the ICO team, requiring a KYC check at the end of the ICO, would be registered in my country, I would sue for moral damage and would win the case. I speak as a lawyer who practices on similar issues.

[canaveralnonie]

Exactly true, I am fed up with every time I sign up for an airdrop, most of airdrops want KYC or full identification for even a very small airdrop $1 or less, this is really ridiculous to fill KYC for such.

Sometimes, those KYC is for their ( project admins ) personal use or advantage. Personal use, because they can use that on different kind of apps or website that required information to fill with ( even not belong on crypto currency ). Sometimes, they can used those information on scams and fraud works.

I don't say all airdrop, but there's a possibility if you always join on small reward airdrop.

[ottogary]

What i know is that KYC already been done several moments now, not just for small or big investors, but in some project it also applied to the bounty participant as well. KYC is good to verify every token holder, but i think it became too much of a burden for bounty participant, since they get the coins not by purchasing them, but by doing some work on the campaign.

[yeniruieni]

I think big investors and small investors all use KYC. The use of KYC does have a very good purpose. So that the use of KYC also applies to Bounty participants. But not all Bounty projects use KYC. And the most important thing about KYC is that you have to be careful because it's not all good KYC.

[Argoo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From ICO or Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC on bounty hunters is required because a lot of bounty hunters are cheating on bounty campaigns by applying several accounts to get more stakes from the bounty. Bounty hunters can be considered as an investor too, because, instead of getting paid in cash for their work/promotion, they are paid in tokens/coin.

You obviously lured something, as bounty hunters cannot be considered Investors in ICO projects, since they don’t invest any money in any form. They receive money in the form of tokens, that is, in fact, ICO teams are investors for bounty hunters. In other words, ICO teams are our customers. So who should be tested by KYC before whom?

Your statement that checking KYC for bounty hunters is legal, because this way multiple accounts are eliminated on the forum is also wrong. To be legal, such actions by an ICO team must be based on a law or other by-law. Can you name which state requires the ICO team to conduct a KYC audit against bounty hunters or is this an initiative of the ICO teams themselves? The ICO teams violate our right to the confidentiality of the individual with such a request, and if this is only their initiative, they act illegally, abusing their rights because they violate our rights.

[marcbitcoins]

I think KYC are fairly implemented to all crypto users in which everyone is subject for verifications. If you will going to limit the KYC for the rich people only then the bad guys might freely to used the ordinary people on any illegal activities specially money laundering. Just make sure you are joining the legal project to ensure that your identity will not be taken.

[Snaic]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

KYC in bounty is not to find scammers, but in order not to pay coins to bounty hunters, there is a big difference between the companies that introduce KYC at the beginning of the company and the companies that introduce it at the end.

Absolutely agree with you. If KYC checks are carried out at the end of the ICO, then it is carried out only so that a certain part of the bounty hunters do not pay out the tokens they have earned. It is at this time that such information requirements that some bounty hunters are simply unable to fulfill are most often made. Or, in the very passage of such a test, KYC finds technical problems that impede its normal passage, and the bounty managers and the ICO team simply do not respond to complaints about this.

[semobo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Having KYC is against the cryoto currencies since it is created for maintain anonymity.So we should ignore the projects who were asking for KYC thus will be the future and long term solution.

[jemarie20]

Yes, I agree with this statement because I think small bounty hunters must not included in that security protocol because they are holding a small amount of cryptos, so its better that KYC must be implemented only to those who are holding a big amount of cryptos, like an investors.

[mariogomer]

You're right in these ideas. Even very small bounty campaigns want KYC. We shouldn't give KYC anywhere. If the project is reliable and our investment amount is high, we can give KYC.

[bitgolden]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

But most projects are working in terms of big investors favor because they need them for collecting more money in quicker time. We cannot expect devs to be more strict against big investors. I have seen some projects were providing big discounts to whales because it is an easy way to make their project successful.

I'm not finding implementing KYC will be helping the project to be successful by preventing whales from dumping. One whales is nothing but the a group of small investors in some assumption. How we can restrict small investors not to dump in other case.

[alberdina]

I think KYC for investors has been going on for a long time and it all depends on the decisions of each individual. KYC I think provides security for investors because they are serious about the project they are developing. However, not all projects that use KYC can succeed. You still have to spend time doing research.

[btc_angela]

I still have mix emotions about this whole KYC specially for bounty hunters. Yeah it could be that KYC should be only be apply for Whales or some big investors and not for bounty hunters. There are news that our information are being leaked as well, so just be careful sending your full KYC on bounty just for the sake of getting your tokens which could be valueless in the future.

[reza7777]

in my opinion KYC is not just an investor who invests above $ 10 000 but for all investors it must do KYC because if something happens we can ask the ICO team to be responsible and we don't lose money even in small amounts

[fiomcorka]

Whales will easily bypass those restrictions by having multiple accounts in exchanges. Moreover, need of KYC is more deliberately needed to be implemented only in bounty level not in exchange level. Some exchanges are requiring to clear KYC for deposit and withdraw but that is not the case here because we need to deal against bounty hunters not exactly with whatever happening in exchange.

[various]

In all the centralized exchanges, kyc is a must to withdrawal large amounts. But, like you said, i find Kyc nonsense for small numbers like 5, 10 dollars. Especially the kyc demand for bounty hunters is too unnecessary.

[Jadesola]

KYC should be for every investors whether big or small,it all about taking measures, if KYC is for those buying bug alone,then some will decide to be buying small just to avoid KYC.

[xabre]

I agree with KYC procedure for all bounty campaign participants, it have good effect for all participants to know who use multi account or not, by using KYC will make all people could participated and have big chance to get payment, buy KYC for investor to know where they are is not best option because make all investor are afraid for joining and investing their money at ICO or bitcoin, you will lost your investor next time at ICO investment project.

[siupang2]

KYC for big whales? No big whales in ICO I think, lot of smart whales is stay under radar and wait the token to be listed in the exchange, after the listing they will put huge buy order with lower price, whales got more with same price, and for bounty hunter I don't get any prob with it it prevent any kind of cheat so everybody got their part fairly...

[Rengga Jati]

KYC is used for everyone that will be involved in the projects both buying or joining bounty. You know that KYC is not on;y for the bounty hunters.
Exactly, KYC is used for the investors (including whoever or whales) when they are going to purchase the coins in a projects. But, we cannot do KYC process when buying the coins in the exchange.

[vanya.pronin.1983]

I think that KYC should be integrated in every good ICO, because it is a great way to protect all investors from different type of cheaters. Every single participant should undergo the KYC verification process to be eligible for the projects tokens.

[den11111]

I rarely do KYC for bounty, and never perform KYC for aridrop. The amount I received was too small compared to revealing my information. Many projects are only for the purpose of obtaining user information.

[trudovik]

A good joke, which will remain a joke, because it is she who today can really make a difference, but this will happen. You understand that the future today is only for the AI, which very soon will have great opportunities.

[hovrah]

A good joke, which will remain a joke, because it is she who today can really make a difference, but this will happen. You understand that the future today is only for the AI, which very soon will have great opportunities.

I think that you should notice that there are quite a lot of scammers on the cryptocurrency market. Every cryptocurrency user is worried about the safety of his personal data. How many times have it been when even the participants of the Bounty company provide document files, and as a result the company minimizes its activities. Where is the security guarantee?

[tamango]

I think that KYC is not the problem, the problem is the risk that our data will be stolen of used by a scam project.
There's a simple solution for that: using a third part KYC app like CIVIC for example, where ICO can't have physically my KYC documents that are stored in CIVIC app.

[billy.ryoko]

Yes, KYC is Know your customer, it can protect the company have not received any black money during their  investment, but if I only invest the few amount or join their airdrop or bounties, I think it did not need to pass their KYC.

[krassy]

I agree with the majority of users, the KYC is necessary for investors without fail, but for bounty hunters I think this process is unacceptable, besides bounty hunters do not get so many tokens, even using multiaccounts, so this procedure only deters good and executive bounty hunters.

[Debonaire217]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I am somehow against it as I understand how difficult for a project to filter out some sort of a bounty abusers, well, I guess doing KYC will going to solve the issue of multiple accounts because abusers will be discourage already once they saw that the bounty needs KYC.

[kaito.]

this is already been implemented on many ICO, not just whale but all the people who invest in an ICO requeired to do KYC check, mostly ICO do that nowadays since there a few country who got their citizens restricted to join in any ICO project.
as for bounty participant it was to prevent people cheating the bounty by creating multiple account to join in 1 bounty campaign. if the project was trusted i think KYC for bounty participant was a good thing to filtered bounty abuser.

[BCTS]

Large whales are bought from under the table, so you can do verification for them, but this will not particularly affect the outcome of the game.

[DanWalker]

I think that ICOs (or it's better to say STOs) should use KYC projects like civic and so on. I hate to give my personal data and docs to everyone I don't even know. Why should I risk with my documents to give someone money? It's a total bullshit.

[boolog]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Kyc is sometimes dictated by some countries when you start an ico and bountie campaign. The ico devs have no choice but to stick to it. You have to accept it or you have to look for another project.

[Osayo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I very much agree with you. According to the proponents of KYC, it is meant to combat money laundering. Money laundering is for huge sums of money which only whales can afford. I see no reason why someone buy a token of just $100 worth would be mandated to do KYC. Can someone actually launder a mere $100? I don't think there is any law in any country that would consider it money laundering.

[Chomsy]

Am totally with you on this. The most annoying part is that this kyc stuff is not brought up at the beginning of he bounty or airdrop rather, when it comes to distribution time. Not so good.

[crzybilly]

It is true, because everyone will only lose their time by providing the documents for a small airdrop or a 100 bucks contribution. Docs checking costs a lot of money and the KYC process should be for investors that have contributed with over 1000 USD.

[futuristishe]

About KYC already beaten topic. Very many times discussed. For investors, KYC is necessary for large investors. Who is willing to buy a large amount of tokens. For bounty participants, KYC should be for everyone. This will reduce the number of scammers, but the terms of the KYC should be negotiated immediately, to participate in the bounty.

[MiniMountain]

Am totally with you on this. The most annoying part is that this kyc stuff is not brought up at the beginning of he bounty or airdrop rather, when it comes to distribution time. Not so good.

Yeah! this is the issue on some bounty campaigns I joined before, announcing that they required KYC for every participants on few days of distribution wherein KYC on their website usually take 3-5 days to approve. I'm not against with KYC but I hope any projects out there should discuss this earlier as much as possible.

[UniversityCoin]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

You say reasonable things and I agree with you. However, there are no generally accepted rules for conducting KYC, and each project decides how to carry out this procedure and what to demand from investors.

[damberg]

I understand the importance of KYC for investors (even small investors) from the organization's point of view. However, I also strongly disagree with KYC for bounty hunters.

[Nekoma2018]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

No kyc for airdrop and bounties is very much reasonable.. it help protects investors and it helps limit the numbers of cheaters... trying to get more than they should

[BQ]

is it not to a large extent beyond the decision of the bounty managers? or is it Only in order to make sure it's not the same person applying multiple times?
although why would that matter, as long as the one person delivers the same amount of work, why can't he have 10 accounts? 

[Dacosta Osei-Tutu]

I don't think KYC should only be for big investors, KYC is simply to know your customer and customers are not only those with huge capitals. Anybody who owns some amount of the tokens is regarded as a customer n hence must be applied to everyone equally.

[the1arty]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

They do not care about KYC for bounty and airdrops. They collect more data from users and who does not fill on time, means they have to pay less. The logic is simple and not great for people who is marketing their project, for hope to be paid one day.

[Oceat]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I don't think putting a limit to someone when they want to buy something would help the market to boost, you should be lucky that we have had a whales because look at the market today. Think that someone has to buy with a limit and we had a bearish trend. What would you think will be the price today instead of $3600? Come to think about it. I have to problem with the KYC because it is all over the place already, i bet they(whales) do KYC too.

[bartusv]

KYC for airdrop and bounty participants is for avoid multiple accounts. It is OK if it is announced before the event
and everybody can decide to participate in it or not. It not OK if it is announced in the middle of the event or even
when the bounty has already finished

[fortelen]

It is already implemented. not just for big investors but uneven overall. even bounty is also required to conduct KYC as well with the goal of either avoiding a large number of fraud with your account. KYC does have a pretty good function to avoid scammers and unwanted things on crypto.

[nonbody]

I also strongly agree with this point of view. KYC will reject a large number of bounty hunters. The result is that the forum's visits are very low and simply do not achieve the purpose of propaganda.

[Snaic]

I strongly agree with your opinions as KYC is to control money laundering and fraud and the bounty hunters only collect small amount of btc or dollars when it converts to fiat or BTC money, so it must be for big investor not for bounty hunters.

In addition, bounty hunters do not invest in ICO projects at all, and therefore they cannot also be considered clients to be tested by KYC. Checking KYC in relation to bounty hunters is generally illegal. We need government regulation of ICO activities and in connection with this urgent problem. Not only investors, bounty hunters also need to be protected from abuse by the ICO team.

[- ESPERS -]

         I do not agree with you. KYC is very beneficial to the crypto market. KYC has to go, both big investors and small investors. To prevent cheating, KYC is a gold mine. KYC is also suitable for reward hunters to prevent multiple accounts. But something is missing. I think KYC and team members should pass a project when this is added to the bitcointalk. This would significantly reduce the number of SCAM projects.

[johnleo]

I couldn't agree more with you but I think we can't force the developer to do it, many smart team already did base on my experience. I already made such rule for myself, if bounty or airdrop ask kyc I will not join and if they apply such rule in the middle of campaign I will make estimation how much reward I will receive and if it small I will leave it to them.

[Ostonian]

Almost all projects require the passage of kyc, regardless of the amount of investment. Many exchanges for withdrawal and deposit of funds also require the passage of kyc. Bounty campaigns slowly introduce this procedure. So at a pace, kyc will soon be an obligation for everyone, no matter what you want. And I understand that this will be correct.

[kramchers]

I will never go for KYC for just AIRDROPS.
If the bounty is good and will earn a lot and the project is already success then it a go for me.
I will pick only the best to do KYC, and if an investor give a lot and they are the one to do KYC they will not allow it.
It should be fair for all and all must have KYC.

[batang_bitcoin]

This is already implemented for some projects and exchanges.

Guys, if you really don't like KYC then don't join those bounties that requires it. You should be more choosy on the bounties you are choosing so that in the end you'll not get any trouble just to get yourself confirmed and verify with KYC.

[mrkavasaki]

I saw not only big investors, even small investors, had to ask KYC before they were allowed to invest in the project. It is a mandatory condition because some countries prohibit their citizens from participating in the ICO

[Nnedaddy1]

You echoed my thoughts exactly.
It doesn't make any logical sense for investors putting as little as  $100 to be asked to go through the kyc process.
Imagine submitting vital documents because of $100 investment.

[AlekseyCrypto]

Yes, I agree that KYC should be implemented only for large investors, because it was mainly conceived to combat money laundering.

[trudovik]

I all understand that they themselves have implemented this process to stop the process of investing private money. You must understand this too. Today they want to open access to big money new road.

[letyouearn]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Agree with you bro, but don't think we can affect this process somehow
Crypto anonymity has became a myth now, hope this won't go too far and we won't be forced to send stool samples to get airdrops in a couple of years 

[Abal Abal]

I think KYC for big whales has no influence whatsoever, in my opinion they will continue to do everything that can benefit them.

[Cyptobonds1]

I still don't know why I hate the so call kyc maybe it is because of all rewards that are supposed to be received and failed due to kyc or my waste effort. I think it should be stopped and be done for some more reasonable purposes and not avoiding to pay

[NoSkyLimit]

KYC should be for every investor , from the guy who invests 100k$ + to the guy who invest the minumum amount because it's not fair for some guys to do KYC and for the others just simply come and buy with 10k accounts with a minumum invest in each of that account ...this will bring a lot of new frauds , scamy projects and so on so your post makes no sense,sorry.

[hongus]

In general, you should cancel this procedure. And everyone will heal calmly. This will be their personal experience. Or create a single official KYC. Companies and participants are all on an equal footing.

[thedarksun]

KYC should be for every investor , from the guy who invests 100k$ + to the guy who invest the minumum amount because it's not fair for some guys to do KYC and for the others just simply come and buy with 10k accounts with a minumum invest in each of that account ...this will bring a lot of new frauds , scamy projects and so on so your post makes no sense,sorry.

I fully agree with you.

If a limit will be set on some level, let say for example $10k. You don't need to pass KYC verification when you buy less than $10k, what problem would be to buy anonymously up to 10 times for $9.9k ?! The regulation should apply to everyone, otherwise it will lead to further problems.

[desticy]

It all depends on why this procedure is necessary. If for investors, then according to the laws of many countries, KYC is a necessary procedure and nothing can be done about it. If for bounty hunters, then it is rather nonsense.

[Rostock]

I don't think the KYC can oblige whales in any way. In addition, if we talk about the sale of large amounts of cryptocurrency, it often happens as if from under the table.

[Alohadance]

There is no doubt that huge investors must pass KYC. But for whan bountyhunters must do it? They just want to deposit their tokens on exchange and sell them there. Also their tokens usually cost a little.

[IndianaJons]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Large investors who have millions of dollars, can dictate terms to new projects. They can knock out a significant price reduction or refuse to pass through the KYC and so on. And the project developers will most likely do everything to please the large investors.
You and I, like thousands of other small investors, cannot dictate their terms to new projects. Therefore, we are either engaged in investing or not.

[shamc]

Agreed in that KYC should not be mandatory for small casual investors. It is the whales that move mass amounts of coins and it is these people that need to be verified for AML, small fish have no impact and should be missed out to avoid unnecessary work

[uniquark]

I think most people who invest over $ 10k are KYC their information. In addition, they will learn about the project really, because the money they invest is a huge amount, ICO investors are now much smarter.

[odranoel]

I think KYC is not for big whales only, because i joined a bounty program last time, it needs a kyc even for a small time hunters. I ask my friend about that, and they tell me that KYC is only for big whales, but i objected them because in my bounty program i've joined it requires KYC. So for that it depends upon the bounty manager how it needs a KYC or not.

[CuriousGeorge]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Agree with you bro, but don't think we can affect this process somehow
Crypto anonymity has became a myth now, hope this won't go too far and we won't be forced to send stool samples to get airdrops in a couple of years 

If you are still using centralized exchange site and you should not hope for anonymity. Centralized exchange sites are fully regulated and if you wanna be anonymous and then just use DEX as a way to achieve it but sadly it lacks of volume.

[yulchatar]

For quite a long time, I have been participating in ICO projects, and almost all of them require KYC verification. And for this it is not necessary to be a large investor. Often there is a limit of 5 eth, for example, for entry into a project. As for the bounty and airdrops, the team is only trying to limit the number of multi-accounts, nothing more.

[likit123]

I agree with you. Initially, KYC was conceived as identifying an investor who invested a certain amount of money. I do not understand why KYC has spread to bounty hunters? After all, by and large, the hunters do not sign any agreements, they are just at their own risk,  distribute advertising about the project.

[Shadovka]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I do agree with your idea, as the KYC now for participants or even hunters might not be relevant as they are only holding a small amount of the coins, but at the same time ICO want to safeguard themselves from the checks of authorities so they want KYC for every participants.

[soramon]

Yeah i agree with you KYC requirment for bounty is unnecessary. I dont get the point why the bounty hunters should pass KYC. We as bounty hunter not even investor who spend own money to their project. Also there is a chance our KYC denied from the team and cant claim token.

[cryp24x]

You have a point but still, I don't agree with it. If there will be a rule about KYC, that rule should be applicable to all. This is to be fair to all participants, blockchain technology promotes transparency so we need to maintain that principle. If this rule will be implemented to the whales only, I don't think that they will abide.

[raidarksword]

Online frauds are imminent on online world and in my opinion i agree on kyc requirements for hunters and investors to eliminate all fraudulent personnel especially on bounty hunting in order only honest and eligible people are worth to received bounty tokens as a reward for the hard work on promoting such projects.  

[manfredmann]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Well you the point but mind you that little amount if you will going to collect then it will going to make a volume. Meaning to say whales could still use this strategy to avoid doing kyc creating multiple accounts. So to be fair also with them KYC must be for all and no exemption so that scammers and fraudsters will be easily modified or will likely to minimize scamming activity.

[robelneo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree with you that should be the case, so we will know, who wants to control a big supply, bounty hunters only get a very small portion, it should not be implemented for bounty hunters who will just get $50 worth of the token in campaign, it will ease up their work by implementing it to whales only.

[kaizerblitz]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

Yes that's the point of KYC used and everyone would understand of what KYC use on the point on big whales i think it is good idea but on selected and random whales or an investor.

[ellehcar]

I also believe as OP does. I'm not against KYC. As a matter of fact, I've undergone many KYCs before for bounties' sake. But it doesn't mean that I conformed, I agree with the idea. I still think that it should be imposed on whales which withdraw large quantities of crypto, and not on small bounty hunters and airdroppers. Oftentimes, the KYC requirement is so demanding. They ask for driver's license, passport or national ID. So how about the hunters that are still studying, and do not have such kind of IDs? More so, it's unreasonable to impose it on hunters who oftentimes get less than a hundred dollars worth of token for their months of hard work. As I understand, KYC is conducted primarily to prevent money laundering activities, and these hunters' token worth is relatively small to commit such crime.

[chocopapaya]

In the past, there was no kyc.
Then, there was kyc for only big investors.
Then there was kyc for all investors.
Now there is kyc for investors and bounty hunters.

In the future, there will be kyc for investors, bounty hunters, bounty hunter's brothers and sisters and also pets.


...but seriously though, the whole purpose of KYC is to stop money laundering.
Anyone that is serious about money laundering will want to move more than a couple hundred dollars.
So forcing kyc on people who earn a couple bucks (actually nowadays, earnings for bounty hunters are either zero or just a couple cents lol) is crazy.

[saminnala]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I fully support this idea. The origin of money and the receipt of documents from the person who wants to invest this money in the ICO only makes sense if the amount of investment is really huge. In the same case, if this is only a measly $ 100 - $ 200, I do not see the point in passing KYC.

[GunsLair]

Yes, I also think that for airdrops the KYC is not required. Here, small amounts are usually handed out, so I see no point in verifying the identity. Another thing is ICOs. There are many willing from different countries, even where ICO projects are prohibited.

[ðºÞæ]

Before sending money a KTC (Know the Company) is required with full copies of ID's and all. Sending money to total strangers on net is crazy.
First step is to know who you are dealing with.

[wxxyrqa]

Before sending money a KTC (Know the Company) is required with full copies of ID's and all. Sending money to total strangers on net is crazy.
First step is to know who you are dealing with.

The fact is that the provision of personal data should prevent criminal activity and if large whales intend to abuse their means, they should be declassified.

[Maamejane]

Yeah, not for guys who are holding just an insignificant amount of the coins. KYC should be for the big guys who can manipulate the system one way or the other.

[marksayson]

That is right. Because I have also noticed on the exchange. they didn't implement kyc or a minimum trade but only for those bigger trade amount. Because they want to know more about the trader or the investor, I hope they did the same to the investors with only low amount trader.

[sixexgames]

Yeah I agree. I was able to put about $100 worth of tokens into an exchange... then I made a single trade to Ethereum and wanted to withdraw. But to withdraw I had to undergo KYC. It seems like a very heavy handed regulation.

[lobo13hf]

That is right. Because I have also noticed on the exchange. they didn't implement kyc or a minimum trade but only for those bigger trade amount. Because they want to know more about the trader or the investor, I hope they did the same to the investors with only low amount trader.

Didn't you think if it's too risky? They can deposit unlimited amount but as unverified account and they can only withdraw 2 btc for each day. The whales should be included on the accredited investors.
This looks correct consider they are having unlimited money.

[AndRE177]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Good idea. Usually, large capitals have a chance of dishonest origin of their money. That is why they need to confirm not only KYC, but also where their money comes from.

[bananaunana]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree, it is a very good idea, limits of investments according to KYC are a good decision, if KYC is neccessary. In most cases it shouldn't be neccessary for the average small investor. Unfortunately, some projects make no difference if someone invest 100$ oder 100000$  

[mhine07]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

Most of the ICO today requires KYC for their investors and also for their bounty campaign for them to able to get their rewards from the bounty campaigns. But many of the bounty hunters do not like KYC because they do not want to give their real identity to anyone. I agree that KYC will only applies for the big investors or just investors of the ICO.

[iyah adrian]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

Most of the ICO today requires KYC for their investors and also for their bounty campaign for them to able to get their rewards from the bounty campaigns. But many of the bounty hunters do not like KYC because they do not want to give their real identity to anyone. I agree that KYC will only applies for the big investors or just investors of the ICO.

It seems like that, Bounty hunters don't like KYC may not want to tell their identity. But actually it's also said above to avoid bounty hunters who play multiple accounts. I actually agree that KYC is only for large investors.

[Malam90]

KYC is a good idea but in the name of KYC, some projects do harassment of the bounty hunters. For some countries, their NID is mixed language with English and local language. KYC team rejected them but hence the bounty hunters have no hand. If they found the authority of the country, they should accept. KYC for big investors are already opened for many projects even in exchangers you have to be KYC verified for being big investors.

[Japinat]

It seems like that, Bounty hunters don't like KYC may not want to tell their identity.

Most of the bounty hunters wants a very simple bounty where they work and get their payment and eventually dump it.
KYC is just so big, bounty hunters do the task and get paid, they don't release money to invest in the project, so I believe KYC should only be for investors only.

But actually it's also said above to avoid bounty hunters who play multiple accounts. I actually agree that KYC is only for large investors.

Most of them does not really care about multiple accounts, as long as they get the advertisement they are expecting, they will pay and KYC is not the solution to prevent double account, and if they find one, they would still keep the allocation instead of sharing it to those who are honest.

[Ridwan.P]

for that, all ico have implemented it. so you don't need to worry. and indeed, for investors, it is most likely to use a passport and identity card. not one of them.

[Bagani]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I slightly agree on you, sometimes the project required KYC for they don't want the people from other countries like USA to participate because they don't want to violate any law. And one of the reasons they required KYC on bounties is to avoid multiple accounts/registrations.

[canaveralnonie]

For me, KYC/AML is for legal purposes only... What if all investors demand the Full information of all admins and member of that specific project? That will be more great for being real and the transparency issue ( not only the project but the whole team from investors, bounty hunters, developer and many more. ).

Anyway, its up the project on what their demand with. If you don't want the demand for KYC, go find other project. Less complicated for sure.

[zachyboy090118]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Limiting is also a good idea, meaning of KYC is know your costumers but like bounty hunters they are not costumer they only a participant promoted a project, its to heavy if all doing KYC. The best example is airdrop, we know how small we income in airdrop and then require KYC. That not fair to all, its should be categories as a fair assistment.

[minatour]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

absolutely right, KYC for bounty hunters is needed to avoid cheating. but that will not prevent them from continuing to cheat, they always have the sense to fool the bounty manager. but at least KYC has minimized fraud.

[riska hanissa]

I really agree with this,I hope KYC is eliminated for bounties and airdrops
because for me it's all unnecessary

[miklesm]

That is a reasonable idea, actually there is no reason to require Bounty hunters or people who invest lets say 100$ to provide the evidence of their identity, but when someone is investing 10,000$ it is strange not to ask him to pass KYC.

[vasilev456]

Using KYC is of course a good idea, but they began to be introduced everywhere, even where it is not needed at all!

[djuragan]

KYC is a mandatory requirement for any whales investors, to avoid of a money laundering act from those big investors.
And hopefully it could also protect the value of the coin itself.

[Vit83]

KYC requires only for security tokens. Why all projects with utility tokens ask for KYC and after that goes to the DEX and sell tokens to everybody? this is a very stupid IDEA with the KYC.

[marjil]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

yes you are right, indeed big investors should have to verify KYC. this has even been done by almost all projects. so there is nothing to worry about.

I agree that doing kyc for smaller projects or bounty and airdrops shouldn't be necessary. They do it mainly for money laundering checks so it should be for investors not bounties.

[rdewilde]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I slightly agree on you, sometimes the project required KYC for they don't want the people from other countries like USA to participate because they don't want to violate any law. And one of the reasons they required KYC on bounties is to avoid multiple accounts/registrations.

I do not think so. Bounty hunters can buy someone else's personal documents to pass KYC, so KYC for bonuses won't be able to solve multiple accounts. I think that bounty wants to collect personal documents for use for other purposes

[anjho.ace]

KNOW YOUR CUSTOMER should be implemented to all if the project will have the KYC for the fairness and equality.
KYC is not good for investors nor participants of bounty it is only a benefit for the ICO team for me this is not good and healthy.

[Thyristor]

I agree with you for good advising about KYC and it should be only for specific people i mean big investors. And i am sure a lot of project development and exchange owner selling KYC in the dark web. So that i decide only serious project i submit KYC otherwise my identity going to be threaten.

[ropyu1978]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

of course this has become a conversation and debate since there are many ico doing KYC for bounty hunters.
actually it's simple, if you don't want to register KYC you don't have to follow the bounty.
well, my advice, if you want to join the campaign, you should first ask the manager or the telegram channel about KYC.

[overnight03]

KYC should be for investors, especially big whales because they buy a large amount of tokens and coins, they should verify their identity  to ensure no manipulation and fraud occurs.

[digitalblock]

I believe that there should be full equality, it does not matter, either you are a whale or a regular investor. For all conditions must be the same.

[taguig]

I agree with you whales are the one that should do KYC because they are the one that has the potential to manipulate the market with their huge amount of coins in their hands, bounty hunters are only getting a very small fraction of the supply.

[PlusOne88]

In my opinion you really had a good idea. But I am also wondering if the big whales would expose their identities and let others know who they are. I certainly think not. In as much as we would like to get anonymous, the more they will be to protect themselves. If required I think they would be making aliases to hide themselves from the public eye. And because it cryptocurrency is business, they would be the VIPs who are treated and given more advantage than regular or small investors.

[trudovik]

Whales will simply not allow this. Although we already know some of the big whales, and you can often find information about them on the Internet, such as Roger Ver. This person today does not hide his condition.

[Vektrum]

Yes, a KYC check, if it is so necessary, only large investors should pass. Now, with KYC testing, it’s just absurd. At every step and in almost every operation with cryptocurrency, we must leave all the basic information about ourselves. No conventional means of payment requires the provision of as much identification information about its owner as an anonymous cryptocurrency. Everything turned out exactly the opposite. Anonymous cryptocurrency has become the most attached to the confidential data of its owner.
In any case, bounty hunters should not be tested by KYC at all, since they are not investors.

[Japinat]

Whales will simply not allow this. Although we already know some of the big whales, and you can often find information about them on the Internet, such as Roger Ver. This person today does not hide his condition.

We are talking of whales, they should be many here.
They will not allow to comply with KYC as they can simply buy in an exchange, they do not need to invest in ICO.
Playing the price is their game and they make constant money with that, without them,
 the price would not be volatile as they are in charge in doing that.

[Snaic]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Of course, only large investors in cryptocurrency should pass KYC checks. It makes no sense to collect confidential information about all individuals who invest in cryptocurrency, even small amounts. This test is already reaching the point of absurdity. It seems that it will be introduced everywhere so that fewer people use cryptocurrency. It simply discredits the meaning of cryptocurrency. When using this anonymous currency, we are forced to keep confidential information about ourselves and copies of our documents at every step, which we do not do even when using ordinary currency. Checking KYC to all, without exception, slowly kills cryptocurrency, in any case, very narrows the scope of its practical application.

[agusiska]

i think so too, but KYC procedure doesnt really need for investor, it just need for bounty and airdrop participant.

[tterrorpipa]

I strongly agree with your opinions as KYC is to control money laundering and fraud and the bounty hunters only collect small amount of btc or dollars when it converts to fiat or BTC money, so it must be for big investor not for bounty hunters.

That is right. Because the only purpose of KYC is for the users that are attempting to use fraud on their investment. But for those bounty hunters that are just earning some small coins should be excluded on this.

[FUD Expert]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Apparently, if that is the real reason at all then what you are saying should be happening but it is not. The reason they only implement KYC is to eliminate a lot of participants that will failed to pass so they will pay less rewards and they think they did smart but it just only affects the credibility of their team.

[Nesbee2]

 seriously, it becomes very annoying when asked to do kyc for an airdrop or bounty that is not worth $20, for crying out loud , kyc should be for big investors not airdrops or bounty hunters. Although a lot of them are scam, creating a way of stealing information from the poor airdroppers and hunters for their selfish purposes.

[myohmy81]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think this is a requirement if the project wants to get listed on a centralized exchanges like binance that all their token holders should have passed KYC. Yes it should not be mandatory to us being a bounty hunters but we can't do anything on that unless we will not going to join on their bounty. Only those admin and developer has the final decision about KYC. If we want to claim our rewards then we need to follow them. I just hope that they should take care of our data not to get into the dark web.

[dcomomal]

I cannot agree with you, because there are enough cheaters, they are trying to invest more than the maximal cap per person. It should be made for each single ICO participant and the same for bounty hunters.

[NLO]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Good idea. Usually, large capitals have a chance of dishonest origin of their money. That is why they need to confirm not only KYC, but also where their money comes from.

What is the difference to us from where they have money? Are they white or black? the main thing is that they invested in cryptocurrency!

[Nhor1011]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

You have a point. It's really annoying to take kyc if you just joind airdrop and bounty to just receive small amount of tokens. Sometimes i think it's unfair but in reality we have nothing to do about it because every project or most of the project requires kyc now. So,we have nothing to do but to follow their rules.

[motun01]

You are very correct. I believe for investors that are investing less than $200 kyc is not really necessary but for institutional investors who are investing hundreds of thousands of dollars into a project that is when kyc is really necessary . Collecting private personal data of thousands of people is bound to make the company subject to some regulatory concerns and also there is no real oversight on how this information is stored so these people are in potential danger of data leak through acts and security breach .

[marseille]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree that it is impossible to complicate the kyc process for small investors, because it can damage the market. otherwise, this market will only be for financial institutions.

[NLO]

I agree with you for good advising about KYC and it should be only for specific people i mean big investors. And i am sure a lot of project development and exchange owner selling KYC in the dark web. So that i decide only serious project i submit KYC otherwise my identity going to be threaten.

You only need to transfer your passport details when you are sure in the project, and that he will pay money for the work.

[NLO]

seriously, it becomes very annoying when asked to do kyc for an airdrop or bounty that is not worth $20, for crying out loud , kyc should be for big investors not airdrops or bounty hunters. Although a lot of them are scam, creating a way of stealing information from the poor airdroppers and hunters for their selfish purposes.

You may not know how much a coin from the airdrop will cost in the future. But to demand kyc, in any case, for airdrop is terrible.

[zulfi125]

I agreed with you, KYC should be big whales and should be standard at least more than $1000 worth coins or tokens,most of ICO are just getting KYC on very little amount of tokens and coins.

[deodivine1]

To be candid, there are some good and bad aspects of KYC. I understand fully well that since we are talking decentralisation, there should be some level of anonymity, but to protect citizens of some governments, KYC is essential. You have a point, it should be for everyone. For example, if I'm buying below 1 ETH, what's the need to do a KYC since its not a big risk?

[glendall]

I am actually a person who does not like to do KYC, and avoids joining Bounty with KYC,
but the advice you give with the exception of whales like KYC also has a negative impact,
for example whales or investors who buy coins of 10,000 USD or more are required to be KYC,
and when these investors don't like KYC, they don't want to buy coins with a nominal amount of 10,000 USD, this can limit investors from buying lots of coins to avoid KYC,

[Quintrix]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

This I agree this whales are the one more likely to make a profit and control the volume and market price of the token, so they should be the one to go through KYC bounty hunters can only get stakes based on their shares on the pool, not even half of 1%.

[joybella]

KYC should be for everyone as it's a means of determining if investors are eligible to invest especially for ICOs that are compliant with the US laws.

[CoinsOrDie]

seriously, it becomes very annoying when asked to do kyc for an airdrop or bounty that is not worth $20, for crying out loud , kyc should be for big investors not airdrops or bounty hunters. Although a lot of them are scam, creating a way of stealing information from the poor airdroppers and hunters for their selfish purposes.

You may not know how much a coin from the airdrop will cost in the future. But to demand kyc, in any case, for airdrop is terrible.

Airdrops that appear in 2018 and 2019 will be worth zero. No need to waste time with it, the airdrops now just try to steal the information of the participants and they always ask KYC, it's funny and horrible as you say

[shaheer001]

Absolutely right i totally agree with you, KYC is good practice but only for big investor not for bounty hunters. almost every bounty hunter dislike it as it is totally unfair.

[sanacaks]

I don't think the KYC for Airdrop is right. Large investors need to do KYC. Because a large amount of investment should be questioned. However, there is no investment for airdrop. The prize is distributed. It is a ridiculous practice for the project owner to request a KYC. I hope they'il fix this soon.

[Argoo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I totally agree with you. KYC checks should only be carried out by large investors. KYC checks should not be extended to bounty hunters because we are not investors in ICO projects. On some exchanges, the rules for passing KYC checks are established only if the volume of day trading exceeds a certain large amount. A significant part of investors buy a small amount of new tokens and therefore it does not make sense to pass them various KYC checks.

[yrrehc16]

KNOWING YOUR CUSTOMER should not be done to anyone as it does not profit any investors on any ICO.
It is just another danger that most investors not coming to an ICO.
yes, KYC is one of the reasons why some people don't invest in an ICO because of the law in their country.
Without that law, some also don't want to go invest due to the danger of their documents to the public.

[libert19]

Agree. These days airdrops giving like 5-10 tokens require kyc? Aside from that, there is no guarantee of how our docs are handled.

[Caladonian]

seriously, it becomes very annoying when asked to do kyc for an airdrop or bounty that is not worth $20, for crying out loud , kyc should be for big investors not airdrops or bounty hunters. Although a lot of them are scam, creating a way of stealing information from the poor airdroppers and hunters for their selfish purposes.

You may not know how much a coin from the airdrop will cost in the future. But to demand kyc, in any case, for airdrop is terrible.

Airdrops that appear in 2018 and 2019 will be worth zero. No need to waste time with it, the airdrops now just try to steal the information of the participants and they always ask KYC, it's funny and horrible as you say

For those who are only taking a small piece of the pie, yes indeed this KYC should not be implemented as they won't be enough revealing your identity
for some penny that you will receive, considering that you already did what the team asked you, that should be enough and we are inside crypto being
anonymous should also be considered.

[Maknae09]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

No, it should be implemented for everyone involve that is in the rules of a project, people should follow these rules and we can also trust them in our identity as long as they are true to us.

[Japinat]

Agree. These days airdrops giving like 5-10 tokens require kyc? Aside from that, there is no guarantee of how our docs are handled.

This is not only for airdrop, this KYC is also requirement for investment and bounty campaign.
For airdrop, I don't think it's wise to comply with KYC, most of the coins that gives airdrop ended up scam, don't trust them with your identity.

[layoutph]

I am also a bounty hunter. I believe that KYC is fairway to remove spam and to remove fake users. These ICO owners are purely ignorant and paying their tokens to hundreds of bounty participants not knowing that the 12 of them is only owned by one person. Some bounty hunters I know are living in bounties, they left their job to focus full time in bounties.

Agree. These days airdrops giving like 5-10 tokens require kyc? Aside from that, there is no guarantee of how our docs are handled.

This is not only for airdrop, this KYC is also requirement for investment and bounty campaign.
For airdrop, I don't think it's wise to comply with KYC, most of the coins that gives airdrop ended up scam, don't trust them with your identity.

[Irvinn]

KYC should be for everyone as it's a means of determining if investors are eligible to invest especially for ICOs that are compliant with the US laws.

The laws of the United States let them apply to the territory of the United States and its citizens. Now from the cryptocurrency have already made a cesspool. We leave our identification data and copies of our documents at every step, up to and including references from banks, housing organizations, and so on. From anonymous and confidential it turned into a currency, which is accompanied by all the data of its owner. Now the most anonymous can be considered cash. They can still pay everywhere without checking KYC. And it is time to rename cryptocurrency, it no longer corresponds to its name.

[evanescence]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Well, you can push those points to your local politicians, but receiving airdropped assets is subject to regulation so ICO-ers have to comply. Not sure what a post on bitcointalk can achieve in that regard.

[JeBro]

I also think that investors are the only ones who are required to undergo KYC procedures. Bounty hunters do not have to go through it. After all, the main purpose of an KYC is to combat the laundering of criminal money, and bounty-hunters do not invest, but on the contrary receive rewards from the ICO-projects. It seems to me that those projects that require bounty-hunters for the introduction of KYC verification are not law-abiding themselves. Most likely they are selling bounty hunters data for additional income.

[coino.org]

Man, KYC doesn't solve most of problems. Recently one of my friends tried to withdraw 100 btc from binance and you know what happened next?
His account was blocked and he was asked to provide source of funds! What is more his tiket was stopped then after all proofs, and support doesn't respond him!

[raptorez]

You should not forget that it is these whales that we are talking about today that they have the opportunity to influence prices in the cryptocurrency industry. The best that can be today is an increase in price.

[Madmax101]

Crypto whales are present even in places where cryptocurrency is prohibited, platforms ask for kyc just to exclude those coming from crypto banned areas so as to avoid any litigations. Also I believe for a few box of crypto like less than $500, kyc shouldn't be required. Kyc is also another way of tracking crypto whales moving funds from one wallet to another it is good for suspicious accounts for easy tracking.

[Coffeehot]

in fact, i hate KYC. But i don't agree with you. KYC can prevent bounty and airdrops from being abused on a large scale. if there is no KYC. One person can create hundreds or thousands of accounts

[JeffBrad12]

Man, KYC doesn't solve most of problems. Recently one of my friends tried to withdraw 100 btc from binance and you know what happened next?
His account was blocked and he was asked to provide source of funds! What is more his tiket was stopped then after all proofs, and support doesn't respond him!

If that was true and you can try to suggest him to do a lot of complaints through its telegram group. I have seen a lot of people are putting their problems on there too.
KYC doesn't mean a lot. The exchange site will control anything since it's a centralized system. Just try to tell your friend about that. KYC is useless.

[MikeyVeez]

Big whales are not only one person, but companies, funds. So tell me, how would you do that? And also there is another problem, they are tading Over-the-counter because many exchanges have trading limits for these big whales  .

[coin-investor]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Every bounty hunters will agree to that, only whales should go through that, they have the full control of the supply and they can manipulate the trading anytime in the market, bounty hunters are just here to promote, and the supply they've got is very small it will not harm the market.

[lavoncoin88]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

You have a point it should be for big investors. I can compare this to the airdrop, thats a little earning there but some need kyc. We should remember that KYC is a identifacation info and you just give that in a small earning work. It considerable in bounties but airdrop is not reccomendable.

[Msworld83]

I think you are correct about the set limit for kyc not just everyone that require kyc , there should be a limit like $10k above or even $5000 for kyc and those with little funds are one for non kyc cause I see this as a way to steal people datas as many sell those details on dark web , so am not supporting any thing that has to do with kyc and if there should be then it should be that limit of $5k above as $100 or even $1000 can't be a money laundering.

[Ranly123]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

The point of kyc is not on how much you invest on a certain ICO but for legal purposes. Some ICO ask for KYC to prevent US citizens from investing on their platform so in other words, KYC act as security for the legality of their project.

[adzino]

And what exactly is the reason they should be forced to fill the KYC forms? You never mentioned it. And the bounty programs and ICOs don't just impose the KYC thing for no reason. A legitimate ICO does it so that people does not abuse their programs or giveaways or airdrops by creating multiple accounts to claim those rewards. Its not totally useless.

[itos]

KYC should only be for investors and not for bounty, they reason KYC for bounty avoids multi accounts but actually only delays distribution for bounty

[carbal1987]

I was passing KYC only in 3 projects and now I am constantly being called by one mobile number and offering a trading platform

[xianbits]

I don't know how it is so important for big investors to have KYC than any other people related to a project. I must say, I don't disagree with KYC but it ahould be for everyone, even for the team members (for transparency to the community)

[mickey_miner]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree with you, but for bounty hunters KYC procedure will not be canceled, because the developers know that people will send documents to get their reward.

[PattersonRaquel]

You want to invest in a few ico. The first thing you need to do is pass identity verification. The exchange platform does not force traders to verify their identity, so what you provide is unreasonable. You are forcing people to verify their identity even though they do not want to do it on exchange

[Milamol]

It would be much better if KYC was required for a new project team. The scam at the ICO stage seems more significant than the manipulation on the exchanges.

[NynaHoney]

indeed there are many rejection related to KYC for bounty and airdrop, basically KYC has a good purpose,
but indeed in KYC there is a lack of guarantees regarding the security of the data provided
I feel it is not feasible if an airdrop uses KYC because as we know the current airdrop results are very low
For big whales, KYC must be applied to them, but for bounty hunters, KYC should not be use

[bitcoin31]

I think airdrop and bounty KYc requirements is reasonable but in the investor of the ICO is not. Loike what possible to hapoened in the KYC if they submitted their information and the ICO is scam they have possiblity those scammer use the identity of the investor which is very wrong and unfair.

[a4illusionist]

KYC should never had been introduce in the crypto industry. Its actually against the whole theme of cryptocurrency that is supposed to provide anonymity but what KYC do is totally against it.

[Catmurs]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think now in almost any project there is a kyc for all participants of the bad bounty or an investor in the ico , but I would also do a check of the project it would be very good to help fight against fraud

[Enzo05]

Hmm ... seems like you do not have yet idea with ICO's . Most projects required KYC for big investors so they can control the holders of their token . It's already implemented and already happening .

[Huntler1993]

I think you have a pint in there what most hunters earn is just peanut but there are always the heavy investors who  could regulate the market from time to time. KYC will be good for them to know their doings.

[maianh09]

KYC should be a mandatory action for everyone. Because if you may not need to complete KYC because it is a low expense, whales can also use multiple accounts with small transactions to avoid KYC. So I think KYC must be for everyone if you are the right person, why should you be afraid of implementing KYC?

[Kiefner]

Big Whales will always work around, so I think that the KYC is for us, no matter how sad it is. And also I think that no one will cancel the KYC, you can not even hope.

[Sundaey]

I believe you are right about that, we can't see the major reasons why bounty hunters are always wanted in kyc process. But they also believe that people are found of using multiple accounts to participate in bounty campaign so why do we blame them? You should be the one to avoid bounty with kyc.

[baeva2]

Of course, it would be correct - KYC for big whales, but it will not. And no matter how much we want, this procedure will soon be implemented everywhere.

[ityandsyn]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

      KYC requirements for everyone has have a good intentions but it can be abuse of some bad elements wants to use our credentials for any purpose so that's the point of others , but we can have alternative ways instead of submitting our credentials just to claim our tokens.

[Mysteryla]

Most whales these days do not invest in ICOs. Most of them wait for the coin to list on exchange before buying. Sometimes, they intention cause dump in the price of the coin on exchange.
Most times, retail investors  are the ones that buy ICOs, except in private sales, where some whales might be interested to throwing some money into, because coins are cheap at that stage.

[nemey]

KYC is a new way to be applied. It is for all investors that will buy the tokens or coins in the ICOs or IEOs, and other token offering. If you want to buy the coins or tokens projects, you need to require KYC, it will be app;lied for all, not and if the big whales are also going to involve, they will also do such things.

[Japinat]

Of course, it would be correct - KYC for big whales, but it will not. And no matter how much we want, this procedure will soon be implemented everywhere.

It's redundant, whales are already big, you cannot call them big whales. 
While some are against of the KYC, it should be for everyone if the project will require, but it's still better
if there is no KYC because it will bring more attention from investors, but whales wants to be safe so they will look on a trusted project
probably with KYC.

Non KYC attract more investors, while KYC will gain big investors.

[sonicwave]

I agree that major players must undergo a serious KYC, but I also don’t mind if the team members of this or that project also went through KYC, so that we would know who we work with!

Why is everyone looking at their side and believe that they are at risk more than the developers of the project. True and in no other way, no one will agree to work on a bare trust, especially when most of the projects brought losses.

[as9ardia]

I think KYC is required for every aspect (Investors, Developers and also Bounty Hunters). If you didn't feel confidence with KYC then you should invest on "Real-Life" Investment 

[gabmen]

I think KYC is required for every aspect (Investors, Developers and also Bounty Hunters). If you didn't feel confidence with KYC then you should invest on "Real-Life" Investment 

Lol. Real life invesents would require kyc more than crypto investments. Having big whales undergo kyc should in a way, regulate pump and dump manipulations by these people.

[Barinerro]

Of course, it would be correct - KYC for big whales, but it will not. And no matter how much we want, this procedure will soon be implemented everywhere.

I think most people who have a lot of money in cryptocurrency will not want to pass kyc, because of its security, I think soon will enjoy decentralized exchange in great demand

[zarintasnim]

KYC for big customer is already going. For large amount i think KYC must to protect fraud. But bounty and airdrop KYC i am not support because i am not your customer. I am just promote your project.

[Fumzy]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I keep saying this too. KYC should be for those who are investing very large sums. If someone just has $100 to invest in a project what is the use for KYC? If KYC becomes fully necessary in the crypto space I think the level of scam will increase instead of decrease because scammers with the intention to obtain users data can do so through a token launch

[atjiat]

KYC for big customer is already going. For large amount i think KYC must to protect fraud. But bounty and airdrop KYC i am not support because i am not your customer. I am just promote your project.

I fully agree with your opinion and I would also like the Headhunters to be relieved of the provision of personal data. In any case, in the cryptocurrency market there are certain aspects regarding the investor and traders, but the requirements for the Bounty companies are nowhere Where are not officially spelled out.

[Invigorated]

Actually, I believe KYC should be for investors of a particular project due to compliance. What I really don't understand or get is KYC being demanded for Airdroppers and bounty hunters. It actually makes no sense since these set of people aren't investors. Sometimes, I see KYC for bounty hunters and Airdroppers as a means of denying them what they have worked for. It shouldn't be required!

[MidnightWolf]

Actually, I believe KYC should be for investors of a particular project due to compliance. What I really don't understand or get is KYC being demanded for Airdroppers and bounty hunters. It actually makes no sense since these set of people aren't investors. Sometimes, I see KYC for bounty hunters and Airdroppers as a means of denying them what they have worked for. It shouldn't be required!

some options provide KYC  does not make sense, because it is contrary to the very nature of the decentralization of cryptocurrency. But how then all the talk about anonymity is not controllability? It seems to me that the entire PR of cryptocurrency in 2016 was possible precisely because of such opportunities.

[tonibyuzen]

Many bounty hunters earn a large number of coins, which is equivalent to significant amounts in dollars. So I think the introduction of KYC is a justified step. In addition, it protects bounty hunters from scammers who use multiple accounts to participate.

[Olayinka225]

I agree with you that,  kyc should be meant for the big investors those that have the larger percentage shares or token of a particular project and leaving the small of few shares hodler without kyc.

[Gekkoo]

Maybe it made sense if everyone did not try to disguise their large sums in smaller amounts! So with a KYC requirement at large amounts, the person or group of people could fractionate those amounts! Regarding KYC and bounties, I definitely stay away from projects like this! It's not avoiding exposure, simply the reason is that most of these projects are behind your information, even when it's not ICOs and ask for 'email'! It's a sophisticated way to get your information.

[elite070]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

That is to ensure the reliability and the nationality of the investors. They need to follow up some country regulation if they can invest or not in an ICO whether they are big or small.

[dutechman]

Honestly, KYC should be mandated for everyone especially bounty hunters.  KYC should solely be for the larger holders of such coin.  I think the main reason why hunters ate involved in KYC is mainly to discourage multiple accounts which is greed. Apart from that it should be for the market determinants - the whales.

[necromastery]

I agree with you that,  kyc should be meant for the big investors those that have the larger percentage shares or token of a particular project and leaving the small of few shares hodler without kyc.

However, a system or regulation must be fair, because there is no comparison between large or small investors, they are all investors. If treated like that, it will only cause cause and endless problems. They like it or not, it must be treated like that.

[Awoben]

I agree with you that,  kyc should be meant for the big investors those that have the larger percentage shares or token of a particular project and leaving the small of few shares hodler without kyc.

However, a system or regulation must be fair, because there is no comparison between large or small investors, they are all investors. If treated like that, it will only cause cause and endless problems. They like it or not, it must be treated like that.

I support your view, kyc is meant to be for all, that will help in regulating the the whole space.
I low investors are left out, this will create room for people cheating the system by creating multiple accounts to invest.

[electronicash]

team asking for KYC shouldn't be necessary but yes form the exchanges I guess we all have to comply to it including the bounty hunters. no matter how small the money involve. this is exactly the whole point here since the exchanges are already asking all the information we have when we register to the exchanges. I don't know why we have to entrust our data to a team that doesn't have security over our files.

[capableuwa1]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I do not agree with this. As far as you are participating in ICO's i think there is need for each and every investors to go through KYC process because there might be some persons who might possibly run multiple and purchase the token then dump at any cost. So to avoid this, strict KYC measures should be put into consideration to avoid all this from happening.

[minttop]

How jesus do you imagine KYC only for big whales? They can easily split their capital in order to avoid this procedure. I think every person should pass KYC and AML procedure!

[Koobtcgal]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

you are very right because in any institution, only people with huge amount of monies are checked very well. Most of the online payment gateways all do not allow very large amounts of money to be passed through them. To use large amounts, you must get verified. The same should be like investing in crypto if they are really into money anti money laundering.
On the part of bounty hunters, making hard verification for a bounty hunter who has a share of your tokens which are not even worth more than 100$ is very bad. There are many ways to check cheaters than asking for members ID cards and a sries of verifications that may even lead to the hunter not getting their coins.

[Denton]

This is a very controversial issue. On the one hand, it is unreasonable to require the participants of the bounty to pass the KYC procedure, but on the other hand it helps to fight fraud. Therefore, KYC is not so difficult for them. Investors in any case must pass the KYC, this requirement is in almost all projects.

[shesheboy]

Honestly, KYC should be mandated for everyone especially bounty hunters.  KYC should solely be for the larger holders of such coin.  I think the main reason why hunters ate involved in KYC is mainly to discourage multiple accounts which is greed. Apart from that it should be for the market determinants - the whales.

No. Kyc is not invented to prevent bounty hunters from cheating but kyc enables you to increase your limits .  not all service has a kyc , so if you are not a fan of it you can just skip them and find another less strict project .

How jesus do you imagine KYC only for big whales? They can easily split their capital in order to avoid this procedure. I think every person should pass KYC and AML procedure!

Why split ?  Kyc is verry simple , you only need to upload two i.d's ( passport and drivers license )  after that , you can now buy or sell bigger volumes .

[Perfect35]

I am looking forward to the time that, no project would ask for kyc again. That will make bounty participants to feel safe and would want to participate in much projects, to coverup for the shortcomings.
Even if whales would be made to do kyc, It should not extend to bounty participants.
Whales will only do it if they are investing.

[tuanytcc]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I agree with your view point, the KYC requirement has being overused by projects and be also the way they delay the distribution of the bounty's token

[malekbaba]

I think there should be no KYC for any user. Rather regulatory framework is needed for the respective persons of any project or exchange. So we know who is who in a project. Good project disclose valid linkedin profile of the owner. I think spme other measures can be added to secure our investment.
A whale can do anything with his own money, we cant control that

[Snaic]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

It really is. The KYC check has the task of preventing the laundering of dirty money and fighting terrorism. If a small amount of funds is invested in an ICO project, there is no point in conducting a KYC check in this case. The ICO team may simply warn that China and the United States have banned their citizens from participating in ICO projects and before buying tokens investors must confirm that they know this and that they are not citizens of these states.
With respect to bounty hunters, checking KYC is generally illegal. We are not investors in ICO projects and should not undergo such testing.

[NewRanger]

Honestly, KYC should be mandated for everyone especially bounty hunters.  KYC should solely be for the larger holders of such coin.  I think the main reason why hunters ate involved in KYC is mainly to discourage multiple accounts which is greed. Apart from that it should be for the market determinants - the whales.

No. Kyc is not invented to prevent bounty hunters from cheating but kyc enables you to increase your limits .  not all service has a kyc , so if you are not a fan of it you can just skip them and find another less strict project .

How jesus do you imagine KYC only for big whales? They can easily split their capital in order to avoid this procedure. I think every person should pass KYC and AML procedure!

Why split ?  Kyc is verry simple , you only need to upload two i.d's ( passport and drivers license )  after that , you can now buy or sell bigger volumes .

in any exchanges if we passed 2nd tier KYC we will get more amount to withdraw.some exchanges already make rules that if we want to withdraw we have to pass kyc first.and we could not offer that rules.but for ico i am doubt what its used for.

[Meryn]

I agree. For a bounty hunter, it's unnecessary. only troubles us. it doesn't matter if you just submit your identity card. but, we are obliged to submit the bill and a photo of ourselves. we only get coins based on our work. moreover what we get is not much. but they actually make it difficult for us.

[Groucho]

I am undertaking a lot of KYC as I am participating in airdrops joining new exchanges etc last one I joined to have any withdrawal facility you need to submit KYC. Crypto-currency always went by the argument personal financial anonymity this is certainly not the case even for us small fry but Binance like other exchanges always require KYC of access for withdrawals of large amounts of bitcoin & other crypto assets. I consider that whales do indeed submit KYC to trade on exchanges that are centralised large volume non-centralised exchanges are of course different personal financial anonymity  

[Dasha88fed]

I also believe that passing KYC in order to get a few dollars tokens in an airdrop is absurd. Even if a person buys tokens during an ICO in the amount of $200- $300, then this is also not so large a sum to require KYC. We do not show a passport and a receipt from the bank to buy some things in the online store.

[Jrfranco]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think kyc should be for everyone and there should be no exception because this is for the good of the community and the project as well. Big whales should not be an exception but if the situation would be in favour of us, I would agree on this idea, there is nothing wrong about kyc, as long as we submit the right data.

[TastyChillySauce00]

I also believe that passing KYC in order to get a few dollars tokens in an airdrop is absurd. Even if a person buys tokens during an ICO in the amount of $200- $300, then this is also not so large a sum to require KYC. We do not show a passport and a receipt from the bank to buy some things in the online store.

Even if it is $200 or $300 it is still money and can be used for paundering. Imagine people splitting their money into that amount to avoid KYC.
However I do agree that airdrop should not require KYC because it is too risky for the users.

[mangsitin]

I agree. For a bounty hunter, it's unnecessary. only troubles us. it doesn't matter if you just submit your identity card. but, we are obliged to submit the bill and a photo of ourselves. we only get coins based on our work. moreover what we get is not much. but they actually make it difficult for us.

Yes, I strongly agree with you, I do not agree with KYC regulations for Bounty participants, because honestly I am very afraid of my personal data being used for bad things by them, because we know our free data is given to others only for a few Tokens.

[xianbits]

This is a very controversial issue. On the one hand, it is unreasonable to require the participants of the bounty to pass the KYC procedure, but on the other hand it helps to fight fraud. Therefore, KYC is not so difficult for them. Investors in any case must pass the KYC, this requirement is in almost all projects.

And it should not limit onlybto big whales as it is not their fault if they have enough big funds to buy as much tokens as they want. Big or small amount, if Kyc is being required, then everyone should submit.

[axel2078]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC should be required for all participants in ICO, which is a mandatory rule. But for bounty and airdrop, it's funny. There are no reasons or laws that require bounty and airdrop to KYC participants so they can receive rewards from their hard work.

[lutcor]

Such events will probably never happen, the whole thing is solely that the so-called whales now probably will not pass the KYC because they will now have a huge impact not only on the cryptocurrency world. These are influential people in our world.

[cudora]

KYC should be done by every investor and bounty hunter. I can understand that you do not need to make a KYC for a regular airdrop but if you want to share big rewards you need to prove your identity.

[5thFear]

There shouldn't be any KYC. It just goes against the whole theme of cryptocurrencies. Cryptos were made to be fast, anonymous, free of control and easy for the users. With KYC, it becomes another extension of the old banking system.

[legendster]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

More importantly, it is there so gov. agencies can track any "unexpected millionaires" which they were unable to do so with Bitcoin & phase 1 cryptos.

[jaywizzy]

Yes, I total agree with you I don't think there should be kyc for both airdrops and bounty campaign.

[Spaffin]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Of course, conducting KYC checks in ICO projects should be used only for those who invest large sums. Only for citizens of the United States and China, whose governments expressly prohibit their citizens from investing in ICO projects, they should be denied investment, regardless of the amount of investment.
With respect to bounty hunters, there should be no KYC verification at all, since they are not investors in ICO projects. Such a KYC check on bounty hunters is illegal and contrary to the very nature of the KYC check, which is conducted to prevent the fight against money laundering.

[moon sorcerers]

I agree. For a bounty hunter, it's unnecessary. only troubles us. it doesn't matter if you just submit your identity card. but, we are obliged to submit the bill and a photo of ourselves. we only get coins based on our work. moreover what we get is not much. but they actually make it difficult for us.

Yes, I strongly agree with you, I do not agree with KYC regulations for Bounty participants, because honestly I am very afraid of my personal data being used for bad things by them, because we know our free data is given to others only for a few Tokens.

I also do not agree with the existence of KYC on bounty hunters, indeed the security of personal data that we provide
is not guaranteed to be safe so it is very risky to be misused by irresponsible people

[amos77978]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Yes,you are so right i agreed with you.......KYC  should be meant for those who want to buy large amount of token via exchange .

[canaveralnonie]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Yes,you are so right i agreed with you.......KYC  should be meant for those who want to buy large amount of token via exchange .

What is the difference between small amount and large amount buyer of token? In the first place, they both buy and invest money on that specific project. Crypto currency became famous because of being anonymous of sender and receiver, so better to stop KYC and protect the identity of all the users around the world.

[UnruffledST]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I honestly can't believe that most people are saying that KYC should only be for bigs whales, wether a ICO does KYC depends on the country in which it is incorporated in!!!

and most likely if KYC is required in a country only wealthy investors are able to invest in thus project. so for all those arguing that it should only be for big whales you aren't technically supposed to be participating in the project if they do KYC still again this mostly depends on the country in which the project is incorporated and which countries they restrict from participating.


Research you laws, wow.

[Tahdayi]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think that the difference is not big you are the holder of the amount of money or small , I think all participants must pass kyc for ico as it can reduce the chances of Scam !

[canaveralnonie]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I honestly can't believe that most people are saying that KYC should only be for bigs whales, wether a ICO does KYC depends on the country in which it is incorporated in!!!

and most likely if KYC is required in a country only wealthy investors are able to invest in thus project. so for all those arguing that it should only be for big whales you aren't technically supposed to be participating in the project if they do KYC still again this mostly depends on the country in which the project is incorporated and which countries they restrict from participating.


Research you laws, wow.

Excellent point of idea. Also, I see KYC as a security measurement to protect not only the project but also those important customers/investors as their history of transaction.
Its better to let KYC be required to those bounty campaign participant, to avoid multiple accounts ( bounty farming ) and bounty scammers around this website.

[campusnet]

I think that the difference is not big you are the holder of the amount of money or small , I think all participants must pass kyc for ico as it can reduce the chances of Scam !

even with filling the cyclic does not guarantee that everyone is free from scam. whether the project is cheating or from the ico participants who can scam. both have the same possibilities.

[thaliaand]

Rules are made for reasons of course. About KYC for bounty hunters and airdrops participants, it is enforced because of the regulation of the ICO. The other reason is to prevent the frauds of multiple account participants.
Regarding to big investors KYC, it is already implemented. And I think a necessity, given that one of the purposes is to prevent money laundry activities and other possible abuse.
 

[bountylayomi]

From my own point of view, I see no reason why KYC should come into blockchain. If possible, let it be scrapped. Most bounty will not make their intentions known concerning KYC from the start of the bounty but until the end of the whole bounty whereas many bounty hunters might not be able to meet up with some KYC requirements.
I feel something should be done about this as a matter of urgency.

[gowobonyok]

yes, I agree a little, because in my opinion for participants who only get a small number of tokens, they don't need to. because they only get a few percent of the total supply of tokens.

[JohnMacZeppelin]

Of course, I would like to say that this is fair, but I will not say it, because you can put yourself in the shoes of these people and you can understand why they are hiding and why they cannot be verified completely.

[Kulitha]

I'm agree with you. But in many cases it's because regulation requirements. I'm have notice more than before lot of projects asking for KYC. So we have to get used to it.

[SabrinaBianka]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

I think also that. Additional to known their personal info obviously and where they can get their big amount of money. So also they can prevent the money makers that wanted to enter on this project so that why KYC is guaranteed to all.

[boty]

I'm agree with you. But in many cases it's because regulation requirements. I'm have notice more than before lot of projects asking for KYC. So we have to get used to it.

if KYC is only for big whales it can be a threat to investors because their identity data is known by others and their wealth is known by others that will make them the target of crime because identity can be spread and made for crime.

[s4mp1nt0]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I don't know why or how you know about this KYC on the bounty program. You are just a newbie. It was created because of the cheaters who has a multiple accounts and also for the security purposes of the project.

[go4crypto]

KYC may also be need to comply with government regulations for some countries otherwise the bounty will have to restrict those country citizens from participating.

[Uju4real]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC I believe was introduced to bounty and airdrop to avoid multiple accounts registration but  so far it hasn't been achieved, but my take on It cos to implement it before the commencement of any bounty campaign

[aji567]

for me KYC is only for big whales is an act that is not right. this kind of action is discrimination. it would be better if KYC was eliminated. I support if bounty, airdrop and also big investors don't do KYC.

[Mr.Spreadthehamster]

The surrender requirement for KYS is most often justified by the necessary security measures and fraud prevention. However, the level of KYS should not be equally difficult for everyone.

[absurde]

i am strongly agree with you, why do we need to infrom our id and personal informations to bounty? For 5 dolar, i am sure data is more valuable than 5 dolar, there should be a regulation.

[Chinsmokers]

Well, i can agree on this. Its too hassle for like us bounty hunters, we only get small amount of tokens and to sell we will get only little bit of money so its a hassle to do KYC

[Crypto24hrs]

I wish you had stated your reason why KYC should only be for the whales, but all the same i see KYC as an unwanted pregnancy in the family of cryptocurrency and should be immediately aborted before it gets out of hand tanks.

[Endikadija]

I wish you had stated your reason why KYC should only be for the whales, but all the same i see KYC as an unwanted pregnancy in the family of cryptocurrency and should be immediately aborted before it gets out of hand tanks.

Some may think if that will be eliminated the true feature of cryptocurrency that called the anonymity. KYC should be implemented for a special purpose. But these days some non-sense platforms are even implementing it. It's so bad.

[SportsbookBettor]

I agree with you that KYC is good for only people who will bought large amount of tokens in icos or people that will bought the token. Bounty hunters too is not required to do it because we don't know if we are getting paid big or small or we could actually earn from promoting them. I think kyc is good but i think it must have a limit whoever needs to comply with it.

[xianbits]

I wish you had stated your reason why KYC should only be for the whales, but all the same i see KYC as an unwanted pregnancy in the family of cryptocurrency and should be immediately aborted before it gets out of hand tanks.

Some may think if that will be eliminated the true feature of cryptocurrency that called the anonymity. KYC should be implemented for a special purpose. But these days some non-sense platforms are even implementing it. It's so bad.

That's the funny thing here. There are those who just ask for KYC just to be considered as a legit and truthful project. I even doubt how do they store our infos.

I agree with you that KYC is good for only people who will bought large amount of tokens in icos or people that will bought the token. Bounty hunters too is not required to do it because we don't know if we are getting paid big or small or we could actually earn from promoting them. I think kyc is good but i think it must have a limit whoever needs to comply with it.

Let's accept the fact that KYC for bounty hunters will help filter out members with different alts.

[949miner]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I feel your pain dude. Its ridiculous when you are required to do KYC for just  $5 to $20 airdrop. I definitely agree with you this. KYC should be for investors who are investing huge sums of money on a crypto project.

[jho0810]

I think much better to implement kyc for everyone so no one can abuse anything like bounty and investing even whales. Most greedy is on whales they always play in the market so to be fair for all it alright to implement the kyc for everyone. Unless you a suspicious person that have bad plans.

[LUCKMCFLY]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I feel your pain dude. Its ridiculous when you are required to do KYC for just  $5 to $20 airdrop. I definitely agree with you this. KYC should be for investors who are investing huge sums of money on a crypto project.

I think the same, it does not make any sense KYC for small investment, somehow it is always good to maintain anonymity, whales if they are cases of large investments, should have a control to avoid fraud. Although in the projects they should demand a protection policy for the KYC.

[biskitop]

it makes little sense because for airdrop or bounty participants, they only have a small value and certainly not too much influence on their market cap volume. I agree that only people who hold large tokens are required by Kyc.

[nizamcc]

I would make KYC a voluntary affair if the investor wants it to go through and thereby secure damages in force majeure situations. For the participants of the bounty program KYC is needed but it must be carried out before participating in the project.

[chipzeru]

KYC is a part of AML so i agree that it should be for big whales only. How could bounty hunters do money laundering with their not-so-big reward. Moreover, KYC verification tend to cause longer distribution for bounty hunter as it takes time to be done.

[tonibyuzen]

I fully agree with you, in my opinion KYC should be held only those bounty hunters who have earned a lot of tokens. In most cases, we get tokens that cost $5 - $10 and why in this case it is necessary to pass KYC, I do not understand.

[Argoo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I don't know why or how you know about this KYC on the bounty program. You are just a newbie. It was created because of the cheaters who has a multiple accounts and also for the security purposes of the project.

The KYC check generally has nothing to do with banning several accounts from this forum at the same time. This topic came up along the way to justify such verification. The ICO team is actually a temporary association of citizens with a commercial purpose. They are prohibited on their own initiative to collect confidential information about other citizens.
The KYC check is used exclusively for the prevention of money laundering and the fight against the financing of terrorism. Now tell me what relation, as bounty hunters, can we have to laundering dirty money and financing terrorism? If you think there are other special powers on the ICO team, please grant them. In the meantime, the KYC check on bounty hunters should be considered the usual fraud by the ICO team.

[Dannev]

I don't even see why investors need to go through kyc. They are entrusting their fund to the team of the project and should have valid informations on them not the order way round. I still do not understand the reason for KYC.

[natka]

I don't even see why investors need to go through kyc. They are entrusting their fund to the team of the project and should have valid informations on them not the order way round. I still do not understand the reason for KYC.

Most likely this is really a forced requirement for the development team itself, since the provision of personal data from investors to some extent even aggravates the investment attractiveness of the ico company. But with respect to the participants of the Bounty Company, this is a triple incomprehensible phenomenon, Why they demand KYC from them.

[profitgenerator212]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

This might just be a good suggestion. Since kyc is an anti money laundering process initiated by countries to track and checkmate money laundering, maybe it should be required of big investors to monitor their trade status

[globalpain]

I also do not agree with KYC which is required for bounty hunters, KYC is know your customers, but bounty hunters are not customers, bounty hunters only promote projects through various media depending on campaigns that are followed and get rewarded
KYC should only be used for large investors, because they are customers, actually KYC is good but not intended for bounty hunters

[CaMeRoNy]

For the big players there will be no strict rules that they would not be able to get around. Don't kid yourself. The world is ruled by money and who has more, he wins.

[samycoin]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I think what are you saying now is regulated in every platform in the crypto. And I think there's no excepted for the kyc if you buying large amount or small amount in every exchanges or any platform in the crypto. In my opinion much better to have kyc because its avoiding cheating, scamming etc... But of course find the project that trusted that your identity will not expose to anyone when you pass a kyc.

[Sinone]

Yes, I think KYC is for Airdrop is not reasonable. Because most of the projects are giving the 5-10$ worth token to Airdrop participants. KYC is for bounty is okay to me, because many multiple accounts will be washed out by the hard KYC rule. As I know, every project have strict KYC rules for the big investors and a normal KYC for every ICO investor. So, everything seems perfect except Airdrops!

[jcarlo]

For the big players there will be no strict rules that they would not be able to get around. Don't kid yourself. The world is ruled by money and who has more, he wins.

If ICOs regulated by government, KYC should be implemented for anyone, not matter he is a whales or individual investor. I think KYC is good for crypto community because when market growing bigger, cryptocurrency need regulated to avoid from scammers

[mrdeposit]

For the big players there will be no strict rules that they would not be able to get around. Don't kid yourself. The world is ruled by money and who has more, he wins.

We live knowing we are going to die. Why you do not you kill yourself?
Yes, KYC should implement to whales and its implementation will certainly reduce manipulation.

[e@symode]

KYC really has a process that destroys your anonymity online. In addition, KYC is a process that puts you and your security in a very dangerous situation today. I think that today there are victims.

[andrey755]

KYC really has a process that destroys your anonymity online. In addition, KYC is a process that puts you and your security in a very dangerous situation today. I think that today there are victims.

KYC is not a guarantee of success of the project, checking with a strong desire can be easily fooled, especially when it comes to whales that have a lot of money and opportunities

[ATSgrowth]

The problem is that big whales are not one person in most cases. Big whales are for example banks, funds, or another financial organisations that are investing money
that belong to individual investors.

[karungbitcoin]

I agree with that, KYC should be only for big investor just like Binance did it which apply maximum daily withdrawal for unverified account. Not necesary KYC for bounty hunter because the value of the reward is not big, just less than $1000 even many bounty hunter just received reward equivalent $10.

[Sephire]

Some projects have to follow the laws and regulations of their countries so KYC can be needed even for small investors. That is why so ICOs exclude US and some other countries to minimize their regulatory risks.

[Ozero]

I fully agree with you, in my opinion KYC should be held only those bounty hunters who have earned a lot of tokens. In most cases, we get tokens that cost $5 - $10 and why in this case it is necessary to pass KYC, I do not understand.

The KYC check is carried out with the aim of preventing dirty money laundering and combating the financing of terrorism. It is for these purposes that it can be conducted; for another purpose, it should not be conducted because it violates our right to privacy of an individual. Therefore, checking KYC for bounty hunters is illegal in general. The ICO teams regarding us are still abusing their rights, taking advantage of the fact that this activity is not yet regulated.
Of course, for investors, there is also no point in conducting such a check for absolutely everyone. When buying tokens for small amounts, it makes no sense to pass investors a KYC check.

[SistaFista]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Well, you can freely tell your own opinion about KYC from the bounty hunter point of view.
But some companies may need their token holders data for their legality.
Anyway, it is free for the hunters to decide whether they want to participating in KYC bounty campaign or not.
I usually decide to not participating on some KYC-required bounty campaign if i think the rewards is not worth.

[nerlial]

Generally not necessary procedure KYC. From the KYC procedure it follows that the token should only go out at the exchange where there is KYC. And the tokens go on the stock exchanges where they can buy any without Kyc.

[Robotbitcoin22]

In KYC I agree that anyone can do it when they want to withdraw large amounts of funds or invest, because what is feared is the money laundry that occurs because it is indeed very detrimental if it happens

[shaheer001]

Actually major thing for bounty hunter is that some bounty hunters go on fraud by using multiple accounts of social media and want to get more tokens which is totally worst action, so KYC is implemented to avoid such type of worst actions.

[Zalaster]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Well, you can freely tell your own opinion about KYC from the bounty hunter point of view.
But some companies may need their token holders data for their legality.
Anyway, it is free for the hunters to decide whether they want to participating in KYC bounty campaign or not.
I usually decide to not participating on some KYC-required bounty campaign if i think the rewards is not worth.

It is good when there is a choice. But I know that many ICO's announce KYC upon completion. This is wrong and suggests that this project is not worth the effort.

[Danda23]

You are right, kyc should be for investors as the name implies, know your customers , but it baffles me to see how bounty hunters are being subjected to doing kyc and the worst part of it is that as a bounty hunter, if you fail the kyc, your effort is gone, because it won't be rewarded for. There should be a limit to this for bounty hunters, sometimes you might ask before you start the bounty, you will be told "No KYC" ,at the end you will be shocked to see kyc form.  Kyc should be for investors.

[vanya.pronin.1983]

I think that KYC should be done for every participant and it does not matter if it is an ICO investor or a bounty hunter. KYC is made to protect honest participants and I have absolutely no problems by passing any KYC.

[petronus]

KYC is used by developers to avoid cheating in bounty and airdrop programs. Because there are so many cases of multiple accounts taking part in the program. And KYC is one way to reduce fraud. As for large investors, it seems that they have been announced when they will take part in the ICO, so investors with large nominal purchases are required to participate in KYC which aims to avoid money laundering in the process of purchasing tokens during ICO.

[thinkright]

ideally, it should be required for large scale investors, however, the rate at which people cheat with multiple accounts in bounty and airdrop programs calls for KYC. For airdrops, it is not worth going through KYC because of the reward at stake.

[bitkanu]

Some projects have to follow the laws and regulations of their countries so KYC can be needed even for small investors. That is why so ICOs exclude US and some other countries to minimize their regulatory risks.

And remember there was a lot of them have stealing investors identity. KYC should be implemented for both investors and developers to avoid scammers and being compliant with all of regulation. that should be the main answer to the question.

[fuer44]

Kyc aims to reduce multiple accounts, for some bounty and airdrop participants. so I think that is quite reasonable, especially for the bounty who finally obliged the cyc at the end of the ico period.

[george_hured]

This is honest. But this simply will never happen, because all these people, who today have very great wealth, spend a lot of money in order to simply never know them. It seems to me a very well-known fact.

[fosco333]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

It is still understandable if KYC required for hunters because usually hunters can get quite much token too.
But it won't be acceptable if you must submit KYC documents just for participating in airdrops.
we just need to avoid airdrops that requiring KYC for its participants.

[zhekinsp]

If we talk about the legality of the KYS procedure, then it should be carried out by absolutely everyone, including the ISO developers. But all the same, it is incomprehensible for bounty hunters, since it would be enough for them to have two-factor identification in order to avoid fraud with several accounts.

Two factor authentication is still not a good idea because people can use multiple accounts from different devices so KYC is mandatory when they want to restrict multiple accounts but why they don't mention at the time of joining on bounties if their intention is that.

[TomiJerry]

If we talk about the fairness of the application of the KYC procedure, it is advisable to apply this to all participants, including the ICO developers. Nevertheless, KYC for bounty hunters does not make sense, since it is quite enough for them to have two-factor identification to avoid manipulation with several accounts.

[Serve20]

Exactly, KYC should be for those buying from 5000 USD upward. It shouldn't be for those buying below that and think money below 5000 USD shouldn't be classified as launderable money in any country. Also bounty hunters shouldn't be among those that will be doing bounty before receiving rewards for their labors

[Balzhi]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

big whales already have to pass kys everywhere. during tokensales and when they trade and withdrawal on solid exchanges.

[CryptoCoinArbitrage]

KYC is part of the business when investing. The process should be easy and smooth and should be done by a  third
party  that  our sensitive data being protected.

[gaj ahmada]

KYC does aim to reduce cheating like multiple accounts on a bounty or airdrop, but many bounty hunters don't agree
with KYC in a bounty, for me it's not a problem filling KYC if the project is potentially good in the future

[Akoldi_ibk]

These are sensitive data and should be kept secure otherwise it should not be requested for in the first place. We've had cases of data breach and thousands of documents falling into the wrong hands. This is the main reason people have issues with submitting KYC. KYC shouldn't be a problem because it addresses a number of issues on both sides; for the project and also for investors.

[pacman7331]

I have seen this process in every ico project! I mean every project asks KYC information to the big investors! So, it is already a common matter! But I assume bounty hunters also need to go under a good KYC procedure to avoid the multiple submissions in a single bounty!

[zhengqi]

Yeah, that's pretty logical. Large whales can easily influence the price of tokens, so KYC would be a guarantee  for them to hold the coin and not sell ahead of time.

[maculeth]

I can still accept kyc for bounty and airdrop. because they are both participants who want to help the success of ICO too, but they don't spend money. while investors spend a lot of money to help the success of ICO, so ICO does not need to know who issued the money, but must know who is the only participant who will be given a salary.

[zissmieus]

I think projects offer KYC because they want many people to know about their projects. However, many cheater use it to make more requests. So if possible, we need to develop better technology so we can safely verify users about personal information and reduce cheater trying to get rewards they don't deserve.

[Augustyusuf]

im agree with this statement, because mostly token or coin, the value or price of it was easily manipulated by several whale, they can control market and some coin or token price out there, so they should be did KYC.

[april08]

KYC for investors is not a bad idea. Though, crooks have a way of beating it. They use others documents to pass it. Another area that security needs to be beef up is the Bounty owners by Bitcointalk and other appropriate authorities.

[qmclak]

Agree, KYC should be for thoss people who hodl thousands of dollars in Trading Exchange. Small investors tend not to play with their small investment compare to Big Whales they manipulate the market. And also KYC/AML should be for Big Whales since they are the one who hold huge money in crypto-space.

[DragonETH]

KYC does aim to reduce cheating like multiple accounts on a bounty or airdrop, but many bounty hunters don't agree
with KYC in a bounty, for me it's not a problem filling KYC if the project is potentially good in the future

the problem is that many teams are very unaware of the data obtained as a result of the ICO and KYC. Personal data goes to very different places where it is collected and illegally processed.

[Globen]

Many bounty hunters have lost their reward due to this kyc issue, this isn't because they don't want to do the kyc, but because those at the distribution end just wants to deny them their reward by failing the kyc they have done.  You see them bringing  strigent measures to see that bounty hunters fail. I think kyc should just be put to an end for bounty hunters and be left for investors.

[reality18]

The idea of KYC does not matter the status of the investor or holder. KYC means "Know Your Customer", hence every holder irrespective of the amount in possession must be known by the project developers. Aside this, KYC is for verification purposes in order to check double and bot entries so i don't see the need why KYC must be restricted to on whales.

[WannaCry]

KYC for investors in mandatory, i think they are the so called big whales as they have the power to buy so many in cheap price;D..

[Averim]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

KYC measures should be available for everybody because money laundry is a big deal. The thing that i don't like regarding this measures is the safety of the given personal data.

[DainSLane]

No one will disagree with that KYC should be for big whales because lot of money they investing for that project to avoid money laundering, even the small investors also are providing KYC for the sake of the project. The bounty hunters should not provide kyc they are only participants.

[Mrsparks]

KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud

I completely disagree with your point of view.. Anyone who wishes to run multiple accounts can still use nefarious means to secure documentation.. I  think KYC for airdrop and bounty hunters is a complete heist to rip bounty hunters. KYC in full means Know Your Customer and Bounty hunters are not customers but rather workers who engage in marketing for this burdening projects.. Asking such individuals to provide personal information and documentation is an insult...

[wdnj]

KYC is a mandatory for all investors and bounty hunters if the team dictates it.
I am not into KYC as i am against on this for the security of our identity and our documents.
Though there are facts which the team should do KYC. they should prevent people from having their tokens which are into restricted country.

[Jpt]

I am not in favour of providing KYC information. It is not reasonable to provide KYC information to the project unknown, and who guarantees that our personal details are not used for other purposes than required? The market has many types of projects, genuine and fake. In case of fake projects, I doubt that they may use our KYC information for illegal purpose. Some projects fail to survive and discontinue. And in this case also, our KYC information may be used illegally.

[Adriano2010]

I'm also against KYC but if use fiat money and bank deposit or card then the KYC is mandatory for obvius reasons, to use your own card and not stolen and to protect against money laundering.

[ukloon]

It is ridiculous that some ICO require bounty hunters to take a KYC when the payments are only worth a few dollars, and as they are not even listed you can argue that they are completely worthless. Definitely for whales only, not for everyone

[robaya]

I'm also against KYC but if use fiat money and bank deposit or card then the KYC is mandatory for obvius reasons, to use your own card and not stolen and to protect against money laundering.

actually KYC is what we should and often do in trading and banking activities. if the KYC in the campaign or to register for the exchange is still very reasonable.

[profitgenerator212]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Well KYC is required for every investor putting money into a cryptocurrency project regardless of how much you intend to invest. It is a statutory requirement needed to checkmate money laundering and the likes

[nutriagrigia]

I'm also against KYC but if use fiat money and bank deposit or card then the KYC is mandatory for obvius reasons, to use your own card and not stolen and to protect against money laundering.

actually KYC is what we should and often do in trading and banking activities. if the KYC in the campaign or to register for the exchange is still very reasonable.

just the difference is that if you send your data somewhere to the wrong company, your data can be used on the black market/dark net

[heni_april]

just the difference is that if you send your data somewhere to the wrong company, your data can be used on the black market/dark net

that's what I've been afraid of with the KYC process that was requested in the campaigns I followed. if there is an error or misuse of data, we can be in trouble.

[rachman mahesa]

just the difference is that if you send your data somewhere to the wrong company, your data can be used on the black market/dark net

that's what I've been afraid of with the KYC process that was requested in the campaigns I followed. if there is an error or misuse of data, we can be in trouble.

If you do the Kyc on the right project, it certainly won't be a problem. If the project is suspicious, of course, don't ever do KYC there. As said above it will be misused and as you say also that we might get into trouble if the identity is used by irresponsible people or on the black market

[Chomsy]

The way KYC is being handled now is not good sometimes but in other way, it's useful. Kyc fishes out bounty or airdrop farmers, this is the positive aspect of it.

[Leema]

I think the reasons for kyc in bounties is to tackle multiple accounts users. It's not fair if a participant earn more than 10% of a particular campaign by adding so much clones, sometimes , too much requirement shouldn't be asked from bounty hunters,  but a few documents is fine.

[catsmile]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

In fact, big investors are always required to kyc, so this recommendation is not necessary. Besides, bounty hunters are required to verify their identity because the project wants to be fair to everyone. There are many people who create multiple accounts.

[integrity42]

It seems to me that whales, like everyone else, should decide for themselves whether or not to go through the KYC, because initially the cryptocurrency is a place where everything is anonymous.

[GhostWithin]

It seems to me that whales, like everyone else, should decide for themselves whether or not to go through the KYC, because initially the cryptocurrency is a place where everything is anonymous.

Anonymity is the enemy of any state. As cryptocurrency is integrated in different areas of out life, they will become less and less anonymous.

[Perfect35]

Whales do not always invest in ICO, so they do not need kyc. Most of them are into trading.
I noticed that retail investors are those who buy most ICOs and that is why so many of the find it difficult to attain their soft caps.

[adekogbe]

I totally disagree that KYC Ought to be for whales alone, KYC ought to be accomplished for everybody and on the off chance that you are not happy with that, you can skip investing.
Whales are very important in the market today, they provide some form of stability and of couse some of them control the market.
I think everyone should be seen as equal to KYC should be for everybody

[Wintersoldier]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

It is to ensure that every member will going to be a legit people that will going to join their project, and if you will going to think of an alternative way in order to make the most of the market by keeping track of their investors, KYC is the best, though it can be distracting for us bounty hunters and small investors, we should follow their protocols.

[Argoo]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

Totally agree with you. KYC checks should be carried out only for investors. And even not everyone, but only those who buy tokens for large sums. This will be in accordance with the general rule that such an inspection is conducted only for the purpose of preventing the laundering of dirty money and the fight against the financing of terrorism.
In this regard, conducting a KYC check for bounty hunters is completely illegal, because we do not buy tokens in the process of participating in the ICO bounty campaigns. The KYC check after the end of the ICO looks especially wild, it can definitely be called fraud by the ICO team.

[Moiyah]

I stopped for a moment and think twice about your statement. Somehow, it makes really sense to issue some KYC for some big investors. It won't be hassle for us who are just a normal and small investors. If a particular exchanges will gonna accept this proposal, there couldn't be big problems if both the parties agreed upon this thing. But I guess , this KYC thing will still continue to raise some  issues even for the big investors. The fact that you are submitting your personal info is a serious matter.

[qomariah95]

Now, of course KYC applies to investors, bounty and airdrop. There is nothing we can do now unless we have to do it. I am here as a bounty participant doing KYC as a condition for participating in each bounty. If you don't like Kyc, of course don't ever participate in the bounty.

[adncoin]

KYC is an important process to know an individual’s identity and address proof. It helps to safeguard against money laundering and other fraudulent activities. This process is required to be done especially within the crypto industry. It shouldn't only be for big investors, but for all, as it ensures authenticity and security to users.

[Apes]

Now, of course KYC applies to investors, bounty and airdrop. There is nothing we can do now unless we have to do it. I am here as a bounty participant doing KYC as a condition for participating in each bounty. If you don't like Kyc, of course don't ever participate in the bounty.

how many tokens did you receive from bounty hunt. if you get 1BTC are indeed worth doing KYC, what if the token you receive is of no value, but your identity were sold and used for crime. I strongly oppose the KYC treatment for bounties and small investors. KYC is Mandatory for big investors.

[trauchot]

I fully agree with you, but unfortunately many companies come up with different rules and introduce KYC at any time for them for bounty hunters and airdrops to specifically weed out more people and then they will can pay much less tokens.

[setialovers]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

In my opinion, big whales never invest in ICOs, for them, its better to pump coin or token in market. Its profitable for them and its quick profits. If they are invest at early, they must be invest in IEOs because most IEOs token price always rising when listed in market

[silver23]

i am also afraid to join bounty or invest in some project with must to pass KYC.
you know, i have heared project with bounty and invest must pass KYC and that project is scam from ICO.
some next day, admin is gone and some people there have a cyber crime that access with used ID from that participant.
i don't know that is just hoax or not, but i am now afraid join project with KYC.

[XFlowZion]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

As far as I know, there are only two reasons why ICO bounties implements KYC right from the beginning or in the end of the campaign. One is because if the jurisdiction in their country and second is for not wanting to pay all of the participants. If KYC happens at the end, then there is a 90% chance that it is because of the second reason because if they already know it is in the jurisdiction then they should have told us right from the start. But they don't and they see it as a huge benefit with having a lot of participant giving them free service.

[CryptoAlphaStar]

Well, looking at it straightfordwardly, yes! It has to be for big whales and significant sums of money.
However, scammers may created hundreds of accounts and launder small sums through each of them, instead of doing it via one big account.
That's why, it is not so simple.

[BeManga]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

i agree its really unreasonable because bounty hunter is not investor
so for me i dont participate if the bounty campaign that need some KYC
i only submit kyc if i plan to invest in the project but its still also not right if the user will only invest small amount
 

[ropyu1978]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

there are many reviews for KYC from time to time. but none of the complaints were responded to, so I guess if you don't want to do KYC in every bounty campaign, you should check and ask dev if you want to join the campaign.
because I think however you complain and oppose, there will be no response.
because there are many reasons they say, one of them is for legal regulations or preventing farmers from following multiple accounts

[pant-79]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

I fully agree with this statement. The KYC is not really aimed at the goals that it covers at the moment. It is reasonable to assume that a KYC is necessary for those whose purchase exceeds the determined amount. At the same time, I'm confident that those people who receive the greatest financial benefits are in the shadow.
Unfortunately, we are not able to change this system, because the strong and powerful will always try to further restrict those who could potentially become their rival, and everyone else who is trying to significantly improve the quality of their lives.

[Turk Ace]

I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying

That is how it is supposed to be. It is also supposed to be given by a verified company. The devs are never suppose to see your personal info. You should get verfied once by a company that does KYC and will protect your data. From then when asked for KYC you just direct the person to the website and they check that your status is in the green. In doing so you only ever expose yourself once to one company that legally must protect your data. I don't see why this is such a problem. Noone has any business asking your your personal details. If they are then they must have bad intentions or using it as some sort of excuse or another.

[dimox]

i think they already fill kyc. and im sure if bounty and investor must fill it.
kyc is not only to 'give your information to other party' like it have bad thought, but its for to know who the participant, and they cant use multiple account for bounty participant. if there any problem, they can do what they can do.