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Author Topic: Am done with KYC  (Read 22082 times)
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March 24, 2019, 09:45:18 AM
 #21

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
Yours is a good testimonial that a KYC is not a guaranty that the project will succeed, I have a similar experience in the past, I shifted my bounty campaign to gambling sites because so many ICO are asking for ICO and it's hard to pick the right ICO to invest.

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March 24, 2019, 10:26:54 AM
 #22

You should not provide your personal details for this couple of bucks. Avoid any bounty which requires KYC.

You serious? Not all bounty that need KYC, have no value on their tokens.
Not avoid any bounty which requires KYC. But, wise in choose bounty with the KYC system.
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March 24, 2019, 10:38:19 AM
 #23

KYC on new projects that doesn't have a reputation is not safe but if they hire a third party kyc service it is much better with high security, I dont trust website that store kyc on their site some are just giving a google form to fillup which is not secure, giving sensitive data is like allowing them to have access to us which is uncomfortable what if they got hacked or they just making an alibi and then sell our info its too risky.
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March 24, 2019, 10:43:29 AM
 #24

Some ICOs don't reach their desired softcap so they ask for your ID and then sell it on the dark web. Only pick good bounties to support otherwise you get treated like expendable crap. Someone can easily use your ID to buy stuff on the dark web, not worth the risk

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March 24, 2019, 11:21:32 AM
 #25

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
I also drew attention to this pattern. Now I am going through the Kyc procedure only in the projects of the Amazix team, because their projects most often appear on the exchange.






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March 24, 2019, 11:22:38 AM
 #26

I think we don't have to fill KYC but the teams that need to fill KYC because they are responsible with the project, the investor doesn't want to get scam. So I think it does not make sense if they require the investor or participants to fills the KYC. But it's okay if the participants need to fill the personal identification just to make sure that they don't cheat as the participants. So if you don't want to fill KYC, you need to select the project that doesn't require to fill KYC. I hope that someday, the team of the project needs to pass the verification before they can launch the project, so the investor and the participants will know that they are a legit people who run a legit business.

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March 24, 2019, 12:17:19 PM
 #27

KYC is good there is bad if it is already kyc but it is difficult and the results obtained are not commensurate with the work it will certainly be a lot of people who are disappointed, and with KYC can anticipate fraud as well all surely there will be bad effects.
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March 24, 2019, 12:26:36 PM
 #28

These statistics may be appropriate for your experience. In fact, what happened against me was the opposite. Just research the projects better and do not send your data to where you do not know the source.
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March 24, 2019, 12:28:38 PM
 #29

I have always said and will say that the KYC procedure should be avoided.I especially don't understand when bounty hunters are forced to undergo the KYC procedure.I don't send my data to people who can use it to their advantage.
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March 24, 2019, 12:40:46 PM
 #30

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
This is why I don't trust KYC or Know Your Customer by an ICO. I think that my personal info might be used for something that is not good or a scam. And what about those projects you gave your info? How much did they pay? $20 or below? I agree that those that didn't require KYC pays but those who doesn't they're not paying.

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March 24, 2019, 12:48:36 PM
 #31

We have all made that mistake before, for giving our information freely to people we don't know for them to trade for their personal gains. But your post has drawn our attention to it and I won't fill any KYC form again

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March 24, 2019, 12:50:44 PM
 #32

Yes, I also noticed this trend, bounty campaigns, which were more profitable, did not require KYC. Of course, you need to carefully analyze the ICO project before passing the KYC procedure.
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March 24, 2019, 12:56:22 PM
 #33

Kyc is not the problem for the people because kyc can make such security securer and helps the developer prevent anti money laundering.
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March 24, 2019, 01:01:42 PM
 #34

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
Absutely, like you i experience the same, most of the time bounty with KYC is most likely giving low profit, hope that KYC will remove for ever in the bounty campaigns. KYC also exposing our identity that can cause danger.

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March 24, 2019, 01:06:48 PM
 #35

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
We need more bounty campaigns with escrow so our the bounty funds will be secured and don't need KYC it's irrelevant for those who are part in bounty campaign, there are some bounty campaign that put KYC at the end of the campaign, i see it as a scam and i just cut losses with it, it's time to search for a bounty campaign with escrow so bounty hunters will not be scammed.

I'd rather invest on non ico coins with consistent development rather than ico crap that just do nothing in a quarter when they can so much more in that time.
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March 24, 2019, 01:08:49 PM
 #36

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
What you get is something that you must learn, actually KYC or not is something that not be factor bounty campaign success or not. But maybe you wrong pick project and that project require KYC to get rewards.

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March 24, 2019, 01:10:36 PM
 #37

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

What if you joined a project and the ICO was a successful one, atfirst they dont require KYC nor announce that it must be given.
But at the end of the bounty and you know you got the stakes and number of tokens. but to collect it you must submit KYC.
What will you do?

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March 24, 2019, 01:21:27 PM
 #38

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle

I have received and made a profit from tokens that do not do KYC and have not received profit from those who do KYC, it's better not to do KYC because there is no guaranty that the token will succeed and your account will be safe, keep your identity protected, we have been warned by experts.

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March 24, 2019, 01:23:41 PM
 #39

Yes you right.
Me too i stop joining campain with KYC ID, that so danger.
And when i look again in that projects so many projects scamers and how if our ID is use for something illegal payment or other.
I quit for bounty KYC.

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March 24, 2019, 01:24:16 PM
 #40

There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
I don't think so, I did have a failure in some projects that asked for KYC filling, and part of the project turned out to be a scam, at first I was very hateful and distrustful of some projects asking for KYC, but in recent times almost all projects needed KYC for bounty hunters. and it turns out they are proven to be developing.
Not at all and it seems like you lack knowledge about that. OP was telling us his story based on his experience and why you keep talking about those garbage platforms that asked KYC for everything? You did have a failure in some icos that asked your KYC and that's real proof.

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