Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Green Ocean on September 21, 2018, 11:44:53 AM
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
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Well for me having in cryptocurrencies it good option because of the fact that it lessen the number of alternative or fake accounts.But one of its disadvantage is that having this KYC is giving their personal information online that is too risky to all the people.
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If the project is worth it to risk and expose my personal information. I considered submitting my KYC I made a lot in KYC in the past and it was a stupid mistake but now I weight the project first if its worth it or not.
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
~snip~
Personally, I prefer to anonymous type. But I guess they use KYC to identify the native country of investros. However, I think it is no need to apply for bounty and airdrop hunters. They just help for promotion and not participate in buying tokens. Moreover, KYC will make difficulties to them.
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I think you can follow the rules if they want you to fill out the KYC form.
I think there is no problem if you don't fill in the Kyc.You can buy in a centralized exchange without having to fill in the KYC then you will get the tokens you want
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
If the project is good and worth, I agree with KYC. Because identity is private. I will keep my identity, not to share.
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Sometimes KYC is useful in order to reduce the number of participants in a company’s bounty, but in general this procedure doesn’t make me very happy!
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I think that KYC is not a problem but I really don't like to send my personal informations to perfect strangers.. there are some successful ICO project that have developed KYC method using a third part as escrow and I think this can be a good solution to make investor's data safer.
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I guess the kyc verification is to restrict some countries from participating in the ICO. Its okay if the project is worth it. Its just that many projects ask for kyc verification these days and some are not genuine, it's risky putting vital informations out there in the American of ico. Identity theft is rampant now.
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I agree that we should not give our identity to anyone. it is a personal matter. in the identity card, sim, passport, there is a signature for example. and it is very useful and very risky if we tell or show to others. and ico should even be a bounty, no kyc needed.
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KYC is like two coin eyes that we will never know whether it will be useful for us or become a scam later. if it's ICO, then I will find it hard to give KYC data, but if it's a potential coin that has been circulating long enough and it is proven that their sales volume is large then I will give it
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Yes to an extent, thus it help in reducing population in a firm and also play some vital role.
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I disagree KYC for bounty and airdrop hunters. It is not necessary and just makes more complicated in promoting projects. I think a project no need to know the detail information of people supporting their promotion. As long as they do right ways in promotion, so it is no problem. But is different with investors, they should have KYC process because the investors are the partners of the project.
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I disagree KYC for bounty and airdrop hunters. It is not necessary and just makes more complicated in promoting projects. I think a project no need to know the detail information of people supporting their promotion. As long as they do right ways in promotion, so it is no problem. But is different with investors, they should have KYC process because the investors are the partners of the project.
Agree, mate. Why a bounty hunter should do KYC process, he just get a small amount of tokens. KYC for bounty hunters are also very risky to be misused by the teams of ICO projects. If they are scammers, the secret data of bounty hunters will be in danger.
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It was a rational statement, everybody failed to just like the call in the crypto market value as a result of it had a negative impact on the majority programs and activities. First, the crypto community cannot do lots of commercialism activities to urge results from their investment savings. Difficulties in obtaining high results as a result of all coin values from ICO additionally declined. Participation in ICO features a higher risk as a result of ICO is prone to failure
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If you are like most people, you might not hear anything about KYC until you register to buy a token, but because crypto currencies are becoming more common, you can expect to hear these three letters which means Getting to Know Your Customers - more often. The KYC process is the only way a project developer can check the source of funds collected during the sale of tokens, and by verifying each buyer's identity and residence. This is something that is not only needed by governments and regulators, but also by banks, large corporations and public bodies that we bring to the data trading market Indeed, not everyone is happy with KYC and some people disagree with that ideology, especially when it comes to cryptocurrency, where transfers are anonymous, or at least anonymous pseudo. However, to be a legitimate partner for public bodies and large companies, KYC is a process to ensure that the source of all funds collected in the sale of tokens is legal. There are no funds that can come from prohibited sources, sanctioned people, or organizations with terroristic links. It is important to do this check because it protects you as a project contributor. In the future, we cannot ask the Regulator to say, "Hey, where do these funds come from? If the source is invalid, maybe the funds should be frozen while we investigate." The point is that this process is not only to protect the project, but to protect you, as a buyer of tokens, from the possibility that anyone can claim this fund is invalid.
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Well, own data submission is essential if you want to participate in a ICO, considering recent internationl laws aiming to avoid laundering.
In any cas during this bear market is not essential participate in a ICO. The tokens, indeed, are available on the market to a lower price. So, keep calm and buy low! 8)
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I considered submitting my KYC I made a lot in KYC in the past and it was a stupid mistake but now I weight the project first if its worth it or not.
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I don't join the campaign that needs KYC is too risky you know, what if they use our information to hack some people.
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Kyc is necessary in Crypto as it is a way of helping the government reduce Criminal activities like money laundering , terrorism sponsorship and drop trafficking.
But developers or should I say is projects seems to be abusing that by asking bounty hunters to do kyc for as small as $10 bounty rewards.
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I don't join the campaign that needs KYC is too risky you know, what if they use our information to hack some people.
I agree with you. I think KYC is not good for ICO. I do not support kyc in ICO. When we create a KYC then we gave more information. Shearing informationis always bad.
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
Yes very good thinking by you that i did not think it before. My identity is fully my personal and it should not shareable. But what will they do when many fake id apply against real id and i suffer it in my bounty payments. So its time to think alternative of KYC.
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I assume that KYC is not a problem but I really do not like to ship my non-public informations to perfect strangers.. there are some a success ICO project which have evolved KYC approach the usage of a 3rd part as escrow and i suppose this can be a great technique to make investor's records safer.
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I am personally for KYC, always consider every KYC that exists,
if one bounty asks for KYC from the beginning I skip the bounty, for fear that there is misuse of the data that i given, the suspicion at the beginning of fear of project fraud
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The Kyc procedure can stop scammers who want to buy more coins or to benefit from the coins they have. I can see a lot of fraud that occurred when filling because of a scam project. But we can see good projects can benefit you when the price goes up
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in my opinion, KYC is really needed in a bounty, because I think that is to avoid people who want to do or follow multiple accounts.
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I just agree with KYC if it is really needed and the team can guarantee our secret data. I don't want to take a risk with my secret data, it is more important that gaining profits. KYC is still not safe with common ways that are usually done by most project teams.
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For some reason KYC is required for the ICO project to prevent from scammers, combat the criminal act, and to ensure safety of investor assets. But still KYC is like betting with something that we don't know what will happen if the project not success or scam.
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I agree if ico participation uses KYC. because they buy coins in large quantities. but for bounty and airdrop, strongly disagree if it requires showing our identity. we only get coins based on our work.
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Maybe I can explain what I know about KYC (Know Your Customer), imagine going to an office or school without an identity card or traveling abroad without a passport and boarding pass. For cryptocurrency exchanges, it's equivalent to doing business with people they haven't personally inspected. This is where Know Your Customer (KYC) enters. The process is very similar to when you first opened your bank account where you might be asked to fill out a personal data sheet and send one or two IDs. The increasing demand for cryptocurrency as evidenced in the growth of crypto exchanges (around 200 per CryptoCoinCharts) only means widespread adoption of KYC. It functions as a check and balance for exchanges that buys fiat currency and converts it to crypto currency for trading, converts this crypto currency with other crypto currencies, and related activities.
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
I think I don't need ICO in the submission of investors' investment because it is actually used to reduce people who are used multiple, especially if the ICO that is run by SCAM data that we love can be used for things that are not desirable
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
Kyc can serve multiple purposes, it could be used depending on why the project initiated it. Kyc are mostly required for STO or for projects that wants to reduce multiple accounts
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If we are talking about the regulation of the crypto-currency industry by the type of the stock market, then KYC is simply necessary.Yes, perhaps it goes against the basic idea of the crypto-currency-such as decentralization, but simply in another way governments will not allow uncontrolled market movement.
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Yes, kyc is necessary for regulation and to curb unnecessary manipulation in market index, although there are other projects out their that uses it's client for other stuff or publishing online while some don't have enough security to protect it customers details against third party threat.
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I think we really need KYC to reduce the number of bot, clone account joining an ICO or an exchange. That will help this market better and stronger I think
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As you also know there are so many countries that have created rules to follow for any project run from their country that they should have their customer details (Kyc). We all know its decentralized but some project has to follow their country norms so they ask KYC. If one does not like to give his KYC he should avoid investing in ICOs where KYC is required.
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I think we really need KYC to reduce the number of bot, clone account joining an ICO or an exchange. That will help this market better and stronger I think
I agree that kyc served as you explain earlier, but now that there are a lot of obscure ico and in need of kyc and do you believe that the data you gave will be safe and will not be used in the wrong way?
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I know that crypto is decentralized business and for that everyone and everything is supposed to anonymous, but in the other hand, at least in compliance with AML standard, it is ok.
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I think kyc in crypto should only be made mandatory for investors investing $3k and above and not applicable for bounty hunters who normally get stipends for a reward.
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There has been a lot of changes in the cryptocurrency industry since last year. Since we are pushing for mass adoption, it is inevitable that government will have to intervene. Unfortunately, they will have to make regulations also and KYC is just one part of that.
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It becomes the problem in ICOs and Bounties till now. As there is no guarantee for the safety for people's secret data, I am also not sure to do KYC. It is actually needed but it should have a good way in protecting people's identities.
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KYC is needed for investors who are participating in the ICO.
KYC is intended to create centralized Exchange accounts such as Binance and Bittrex.
But if it's for bounty it's not recommended because Bounty is just a freelancer.
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I really don't understand why the projects wanted to have kyc. Maybe it is for the dribbling to SEC kind of organizations, but this is not good I believe.
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It isn't for the greater part of the ICOs that require KYC. There is a great deal of ICOs out there that you can get tied up with without utilizing KYC. That being said you should need to avoid ICOs that require KYC for you to put resources into their ventures.
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To an extent but not really, I believe that the investors need it most
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It's needed to prove that you're a real investor, but sometimes it has a group try to create a scam project to steal your information, so you should research projects clearly.
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that's why I don't like the ico project, which uses cyc in the bounty program because I'm afraid our data will be misused by irresponsible people.
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I see a direct need for this, as KYC helps to protect the company from a legal and economic point of view.
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Bounty hunters should not be tested by KYC. We are not investors in ICO projects, and KYC verification has the task of preventing the laundering of dirty money. Other reasons for applying KYC checks to us are contrived by the ICO teams themselves, who are very comfortable under this pretext not to pay us the earned tokens.
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KYC is important to follow the marketing strategy of the project. Managers and team members are bounded to follow the terms and rules strictly and faithfully. The reality, BM and Team Members are in the same level of respondents to give the community a success and better world.
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I personally believe that this is necessary only for investors of an average hand, for smaller holders of coins is stupid.
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KYC in cryptocurrency is not required for bounty participants because I think the purpose of KYC is to prevent some one from cheating and to manipulate the ICO.Therefore KYC Should only invest with the investors in the project.Therefore kyc should not be used with bounty and airdrop members.
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
I dont agree about KYC. because I think crypto is anonymous. We shouldnot share our identity to another. It is my opinion.
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KYC in cryptocurrency is not required for bounty participants because I think the purpose of KYC is to prevent some one from cheating and to manipulate the ICO.Therefore KYC Should only invest with the investors in the project.Therefore kyc should not be used with bounty and airdrop members.
KYC in cryptocurrency is not required for bounty participants because I think the purpose of KYC is to prevent some one from cheating and to manipulate the ICO.Therefore KYC Should only invest with the investors in the project.Therefore kyc should not be used with bounty and airdrop members.
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I'm in favor of being kyc. Because when it is not kyc, fake many participants have stolen the labor of those who really labor. I think that this situation must be passed beforehand.
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I understand kyc in cryptocurrency is a way of helping government to reduce the state of criminal activities being carried out with cryptocurrency by launderes , trafficers and terrorism sponsors.
But I do not support the idea of requiring bounty hunters whose rewards are not even up to $50 to go through the kyc process.
It doesn't make sense dropping ones valid documents and information for something as low as $30
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KYC data details are needed to avoid fraud committed by coin owners or investors who want to take advantage of buying new coins at ICO.
There are no regulations prohibiting KYC and you can choose not to do KYC and buy coins after they register the coins in exchange.
There will be many people who agree about KYC but you can make a decision by not participating in the ICO if you do not want to follow the rules they have to participate in the ICO
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KYC is sometimes needed when someone will put their own money on the ICO. Some earn their money in dirty ways and they do participate ICOs to make the stolen money be unnoticeable are it is exchange to tokens. The ICO is only aware if there are some people just taking advantage on it to continue doing illegal things and evade the authority easily because being on crypto makes you anonymous that makes bad people hidden.
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We don't really need it unless we want to invest. To follow the terms and rules is necessary. If you want to be an official member in the project you should obey the condition. At the end it is your choice.
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I am not supporting this kyc,so I stay away from these ICOs that implement kyc because there is no need of that you can buy the token or coin in exchanges where you don't need to go through kyc at all and some of these ICO did not succeed and projects are paused or developers totally leave the project,so where do your details go it's hard to know.
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As there are many spammers, if the company requiring KYC is reliable, it is necessary.
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I think KYC is required for the company to be compliant with the regulations. But choose wisely where to do a kyc it might end up selling your data.
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Based on the experience that I have read in articles about the function of KYC, it is a principle that is applied (the Bank) to find out the identity of the customer, monitor customer transaction activities including reporting suspicious transactions and has become the bank's obligation to implement them. I think this is also a positive thing to implement in cryptocurrency, with the aim of anticipating or limiting someone who wants to commit a crime. Note: that the KYC is not misused without the knowledge of the person's identity.
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For some reson,it is very required to use KYC in airdrop or maybe bounty campaing.The best reson is to avoid many scammers and multiple accounts and I think KYC is not really necessary for a small investor.
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In my personal view, it is to an extent required, because if AML standard and the antiterrorism standard, it is good people are known before participating.
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KYC is the system that is necessary to control the number of people and the absence of bots in the ICO, which is why it is a very good way to control.
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
I personally dont like KYC, because I think crypto is anomymous. But If the project is good, I agree to share my identity.
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Actually it does, it's required but I believe it should just be in few cases. It is for combating criminal acts and reducing scammers from participating in ICo's for malicious reasons. It's just to put a check. What's bad is that most ICo's require kyc now even for bounty hunters and it's risky putting your personal data out all in the name of kyc. Some of these projects are scam. I avoid any ICO with kyc these days because its getting too much so as not to fall victim.
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I believe that checking KYC for bounty hunters is generally illegal. This is an invention of the ICO teams; only investors can pass this KYC test. We do not invest in ICO projects by joining the ICO bounty campaigns.
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KYC (Know Your Customer) is Okay for those who want to buy the tokens or coins in certain ICO or projects. However if it is applied on the bounty or airdrop, I don't think that it is valuable.
The KYC is to know well your customer and it may be important for the investors.
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There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
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I think there is no problem if you don't fill in the Kyc.You can buy in a centralized exchange without having to fill in the KYC then you will get the tokens you want
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I think that KYC depends on the Cryptocurrency program. If in the Crypto project related to Trade it is very necessary for KYC. Because what is feared is the number of people who cheat. But it's good before we do KYC, we have to make sure that the projects we follow are really good projects and can be accounted for. And don't do KYC on an unclear Cryptocurrency project.
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KYC is very important in ICO and Boundy to reduce fraud from investors and participants such as funds coming from crime proceeds to be used for investment or reduced cheating participants in the bounty campaign.
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although there are other projects that use their clients for other things or online publishing while some do not have enough security to protect customer details against third-party threats so that I think is necessary for regulation and to curb unnecessary manipulation in the market index
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I personally have pretty dry refer to KYC because it is a very dry system and test and identify them.
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Of course, the presence of KYC contradicts the true nature of cryptocurrencies, but we live with you in legal States and are obliged to obey certain laws.Whether we like it or not, KYC will. Perhaps we will see less manipulation, but the effect of decentralization will come to naught.
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If I see that the project does not have KYC then I immediately lose interest in it, because the division of coins can be so random that it is difficult to imagine.
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I think KYC is required for those who want to invest in ICO. Other wise their is no requirement for bounty hunters.
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I agree with the ICO project team requiring KYC for their client who wants to invest by purchasing their coin. The team want to make sure that whatever money used to buy their coins are clean and from a real person. But what I do not understand is asking bounty hunters to pass through KYC. I really do not understand why.
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I seems that the KYC can be a sign of fraud. I saw a lot of ICO requiring a KYC but they had a fake team or their tokens depreciated after it entered the stock exchange.
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I think kyc is really useful. furthermore, applications beyond Kyc should be reproduced. it is regrettable to see that many people's labor has been wasted.
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I personally have not encountered KYC while working with bounty companies, but during participation in ICO it is quite a common thing.
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I personally think that it is not necessary, especially for us to send our passports to projects without being sure if their systems will get hacked or something else. There are tons of projects which don't ask for KYC, so what is the difference for those?
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I personally think that it is not necessary, especially for us to send our passports to projects without being sure if their systems will get hacked or something else. There are tons of projects which don't ask for KYC, so what is the difference for those?
It is true. We don't know what will happen to the project at future. Sending personal data like passports will be very risky, there is no guarantee at all. Some projects sometimes look strange to force the participants sending their personal data, especially for bounty or airdrop haunters. While many of projects just state for no KYC for bounty and airdrop hunters. But for investors, I think it is different case. KYC for investors is normal for me, not strange.
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If we consider KYC as a system of screening out bots and scams, then this is a pretty good way to do it.
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I see many ICOs need KYC but they have fake teams or their tokens depreciate after entering the market. It seems KYC can be a sign of fraud.
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The main purpose of KYC is to identify investors and prevent the capture of most of the funds in the hands of one investor.
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Only higher amount of investment should need Kyc but bounty hunting should not perform Kyc. Many bounty participants not have passport and national id card, however he can't participate Kyc application.
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I think that KYC isn't a hassle however I certainly don't want to send my personal informations to perfect strangers.. there are some a success ICO challenge which have advanced KYC method the usage of a third component as escrow and that i assume this could be an excellent technique to make investor's facts more secure.
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Whether or not it should be required depends on who you are asking. Be careful in sharing your personal information https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/
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KYC is a rather questionable system due to the ease of document forgery and General information required to pass it.
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KYC is a protection for the investor and creators of the project. These data are required by regulatory authorities, which means they are needed for something.
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Till now, I still don't agree with KYC, especially for bounty or airdrop hunters. We know that the profession on crypto should be anonymous. It is the nature on crypto digital world, the anonymity should be kept. So, how can bounty or airdrop hunters must do KYC process.
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Actually, not all ICO projects require the KYC process for both investors and also bounty hunters. However, some need especially for the investors that will buy the tokens. The KYC is done to Know Your Costumer. Some ICO programs will need our document because it relate to the banking system that the project used for financial. I think that as long as we can get the worthy ICO, why not? But, still, be more careful!
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Kyc is the best identitify the scams and fake address. But sometimes Kyc brings panic. Many a time investors face to panic conditions.
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Yes Brother you just say very important and effective information because I hate Kyc. I am Bangladeshi I have no passport and diver licence so I don't participate any Kyc verification.
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Do we really need to submit our personal details to ICOs for buying the token or for participating in it's bounty and airdrop?
I always wonder why do we need to give our vital info to ICOs that most are not even likely to come on in crypto space and crypto is all about decentralization but submitting our info has made it look centralized to me.
There is no regulation in crypto yet so why should we give our details to unknow ico organizers, so claim to prevent some region in participating in the ico because of the country law but those ICOs comes from the same region and country that prevent their own citizen from participating, should we say they are using style to rob us or our details is being used for other purpose .
I think it's high time we all need to stop giving our details to ICOs if really the crypto is all about decentralized and their is no regulation in the world yet to really require such details, I will like to know everyone minds about the submission of our details in term of KYC .
I think KYC is good to reduce scams. But I will give my identity when the project is good. Because I think crypto is anonymous.
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I think it must be weighed. What do we get out of a bounty? Was it enough to say that the KYC justifies the risks of having our personal details sent to their site? These are questions that we should be answering ourselves before really giving our information. Too many had a problem with stolen identities. Of course we don't want to end up in jail for crimes we never even committed. So if KYC gives the company good favor we should also have the same favor on our side. If it is more of the company than us then better not participate in the bounty.
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Yes Brother you just say very important and effective information because I hate Kyc. I am Bangladeshi I have no passport and diver licence so I don't participate any Kyc verification.
It is quite unfortunate if an ICO forces the participants to do KYC. For the people like who have no passports or driver licence, it will be a hard problem. However, I think the ICO needs to identify the participants, especially for investors. They should know the investors are more than 18 years old, not fake, and real human. Except bounty hunters, I think it is no need to do KYC process.
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In my personal view, sometimes I feel a dilemma about it. Is KYC really needed in every ICO process? But when, I see so much crime is done through cryptocurrency, it seems like KYC is needed. As long as the KYC process is done correctly, and with the right objectives. Hopefully this can reduce or even eliminate the number of crimes that use crypto. So, it does not interfere with the adoption process globally
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We must distinguish KYC for investors and KYC for bounty/airdrop hunters. Investors are obliged to do KYC yet they become a part of the projects. While bounty/airdrop hunters are no need to do KYC because they only help to promote the token sale of the projects. Since bounty/airdrop hunters are not a part of the projects, I think they shouldn't require for KYC.
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I don't really think it is required, we have been using cryptos just fine with no kyc since before now and there has not been much of a problem with it. Now though it looks like a lot of the project are now requiring kyc and the reason I don't do it is because I don't want my information sold and ending up in the hands of the wrong person.
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KYC or Know Your Customer is the process of identifying investors who will buy ICO, so that investors who intend to buy ICO really have funds obtained from their own income, the actual KYC function to avoid money laundering is done to avoid taxes.
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for bounty, it is not supposed to submit kyc. we only get tokens. not buy it. if an investor is required to need Kyc because they buy it in large quantities.
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KYC or Know Your Customer is the process of identifying investors who will buy ICO, so that investors who intend to buy ICO really have funds obtained from their own income, the actual KYC function to avoid money laundering is done to avoid taxes.
Yes, you are right. but, as you say, KYC to avoid fraud. is it necessary for the bounty? at least the PoA is enough to reduce fraud in the bounty. no need to require Kyc.