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Author Topic: Am done with KYC  (Read 22089 times)
lepbagong
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October 17, 2019, 08:29:55 AM
 #701

you are right! All serious projects in which I participated did not need a KYC! such projects with KYC - often speculating on our data
There are also projects with KYC that can run according to the rules made and provide them well. but because many projects fail and only seek profits for a moment, resulting in KYC being very ineffective, it seems that there is only an element of coercion that has to do KYC which may not eventually be able to run well, even be detrimental. because data should not be sent haphazardly, we cannot avoid it.

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October 17, 2019, 09:36:46 AM
 #702

yes I totally agree with your opinion, but I have followed many airdrops using the KYC system, and I rarely get cheating projects, because I always look at the contents of the whitepaper, roadmap, team list also do a search about the project before I join the project that, as I now follow the ENERGI gifts/bounty which is very safe in my opinion because it is really an original project and not only profitable for developers but also members.
lol are you really aware about the possible consequences for giving out your identity to others? Are the airdrop bounty is enough for you to risk your identity .
We all know that we are doing bounties airdrop for earning but doesnt mean you need to make a risky way just to earn.
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October 20, 2019, 04:23:17 PM
 #703

I think this is not the fact as you mentioned, But always give your identity to the project which is legal and has a partnership with other top projects(already listed in coinmarket), and never try to provide your identity proof for small airdrop or bounty like $5 or 10$.
I agree, for the sake of $ 10 it’s completely ridiculous to give your data, or even stupid, it is not known who and how will dispose of it, if you go through verification with documents, then only on worthy exchanges, or really good projects
According to the mandatory FATF recommendations of June 21 this year, more than two hundred states will be required to introduce rules in their domestic legislation that the KYC check should be carried out only if the transaction amount is more than one thousand euros.
I believe that participants in the ICO bounty should not undergo a KYC audit at all, since we are not investors and cannot launder dirty money, however, in any case, we should not undergo a KYC if the amount of tokens sent to us is less than one thousand euros.
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October 20, 2019, 04:26:30 PM
 #704

Most of the projects are scams and they use KYC for some other purpose. They collect the information and then may sale it for cash. So that is why i don't do KYC. I'll just decline any project which asks for KYC.
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October 20, 2019, 04:32:23 PM
 #705

experience they said is the best teacher. i  have been participating in bounties for long and it became obvious that the most serious ones has nothing to offer. the information you provided to them are been sold off and make money from you. am suprised that some of these vendors do coome back looking for emails and information to sell.
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October 20, 2019, 05:01:10 PM
 #706

yes I totally agree with your opinion, but I have followed many airdrops using the KYC system, and I rarely get cheating projects, because I always look at the contents of the whitepaper, roadmap, team list also do a search about the project before I join the project that, as I now follow the ENERGI gifts/bounty which is very safe in my opinion because it is really an original project and not only profitable for developers but also members.
lol are you really aware about the possible consequences for giving out your identity to others? Are the airdrop bounty is enough for you to risk your identity .
We all know that we are doing bounties airdrop for earning but doesnt mean you need to make a risky way just to earn.

Get small amounts from Airdrop and Bounty Don't easily send data to the team, we know that the current income from Airdrop and Bouny is very small, for example, the average Airdrop is $ 10-15 and the prize is $ 20-30. I cannot understand why you are willing to give your data for that kind of money even though your data is more important.

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October 20, 2019, 05:30:19 PM
 #707

I did not like kyc specially when wwe bounty Hunters promote projects that we need to pass this kyc, its is just a piece of commonsense if we did this, we are only promoting the project while we need to pass kyc? Then for me its not a good rule for many of bounties that offers kyc and this is a barrier for bounty Hunters also.
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October 20, 2019, 05:37:46 PM
 #708

I did not like kyc specially when wwe bounty Hunters promote projects that we need to pass this kyc, its is just a piece of commonsense if we did this, we are only promoting the project while we need to pass kyc? Then for me its not a good rule for many of bounties that offers kyc and this is a barrier for bounty Hunters also.
Very easy if you hate KYC when joining bounty campaign, almost every bounty campaign manager give information about their bounty needed KYC or not at the first time bounty campaign open for public or bounty participants, if you dislike submit KYC you not allowed for joining this bounty campaign, but if you found with bounty campaign without KYC you can join because you want your data safety.

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BRODIN
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October 20, 2019, 05:44:01 PM
 #709

actually not all projects require participants to do KYC, only to exchange information or be misused for other negative things. maybe it only applies to junk projects or teams that have a bad reputation .. for me personally it doesn't matter if the project that I follow requires KYC to claim the token, it's just that I reconsider and won't give it to someone I think is foreign or doesn't convince me.

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SaShiRaJaVu
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October 20, 2019, 05:52:22 PM
 #710

you are right! All serious projects in which I participated did not need a KYC! such projects with KYC - often speculating on our data
I am sure all the data that are collected in the name of bounties are to collect your data and nothing else and i am sure many have provided their data to many of these scams.

Try to take part in IEOs on big exchanges like Binance. You would need to pass the KYC only one time and you are getting excess to a bunch of token sales and you are allowed to participate in all of them if you hold enough BNBs.
You really cannot trust these IEO projects even if they are listed in Binance, they will conduct any project if they are given the right amount, so have that on your mind while investing your money.

After I've read an article that saying people who participating in KYC have a high risks on being sold their identity on the black market. I do not now provide my information in KYC for my safety purposes.
There is no doubt that all your documents will appear in the black market and there is no point in giving your critical information.
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October 20, 2019, 06:30:01 PM
 #711

I believe that KYC should be mandatory for all project members. First of all, KYC is mandatory for the team. Then many bounty hunters will be able to provide their real data without fear of anything. But now the provision of personal information is just formal. Since many people buy this data on extraneous resources. I would not advise beginners to provide their data to developers.

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October 20, 2019, 06:30:12 PM
 #712

Scam airdrop is just want our personal identity and maybe they can sold our data in darknet, because personal identity is expensive when you want to sold in darknet.

even some shit airdrop already listed and tradable in some exchnge i can assure the project cn dead just in few month.

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October 20, 2019, 06:31:13 PM
 #713

This is a terrible sight that is happening in crypto industry since the KYC was implemented, some scam projects is solely created to stole your personal information and use them for their illegal activities. Even bounty hunters became a target because they are easy prey as they are eager to claim their rewards and due to the growing number of bounty hunters, fraudster can easily collect a lot of infos.

 
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October 20, 2019, 06:47:04 PM
 #714

I did not like kyc specially when wwe bounty Hunters promote projects that we need to pass this kyc, its is just a piece of commonsense if we did this, we are only promoting the project while we need to pass kyc? Then for me its not a good rule for many of bounties that offers kyc and this is a barrier for bounty Hunters also.
that's just to minimize scammer join the bounty campaign, but in the real scammer have other way to passed KYC by buy or borrow personal identity from their friend and family, so i think it's useless

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October 20, 2019, 07:30:33 PM
 #715

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
KYC is not a problem. There are two factors that may be the reason why bounty campaigns are not successfully listed or at a good price. First thing is that the market is not stable right now and it is hard to propose a project in this kind of situation in which the market is on a downfall. We should know that it is hard to get investors in a time like this. The second thing is that project and the team itself is a scam, we can see that when they actually hit the target of sold coins and still the project don't go well. Maybe the roadmap is not clear enough or they just steal all those money to everyone who works and invest for them. Making money here is too risky so in every step, you take you should be informative and alert at all times.
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October 20, 2019, 07:51:25 PM
 #716

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
KYC is required to protect from scammer. I don't have much problem with KYC but in future KYC is getting harder. Like new exchange need KYC with same signature of NID or bank statement.
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October 21, 2019, 11:58:23 PM
 #717

Kyc for Airdrops and bounties have become an headache for me too. It has discouraged me from participating in some bounties

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October 21, 2019, 11:59:31 PM
 #718

Kyc for Airdrops and bounties have become an headache for me too. It has discouraged me from participating in some bounties

Are you gonna put at stake your vital info in exchange of those worthless coins or tokens? It has been proven time and time again, that upon receiving those bounty coins/tokens, airdrops, they are not really worth your effort and time as most of them turned out to be worth few pennies upon selling them. And most of them can't even cover the gas fees or transaction fees that you will incur.
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October 22, 2019, 03:52:59 PM
 #719

This is what I fear if giving my identity to a scam project, I once read an article that a scam project selling identity at a price of 4 $ to the dark web is very dangerous isn't it. Be more careful to follow the airdrop now friends.

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October 26, 2019, 06:30:53 PM
 #720

I don’t understand why a project that doesn't represent anything requires KYC. And people just give documents in the hands of fraudsters.

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