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Author Topic: Token distribution using KYC verification  (Read 5608 times)

Offline yousufatik

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Token distribution using KYC verification
« on: October 08, 2018, 11:10:57 AM »
Several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe?

Altcoins Talks - Cryptocurrency Forum

Token distribution using KYC verification
« on: October 08, 2018, 11:10:57 AM »

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Offline mamun777

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Re: Token distribution using KYC verification
« Reply #1 on: October 08, 2018, 11:26:11 AM »
Several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe?
Personally, I do not endorse KYC for bounty distribution. But this is necessary part and you have to do it to get your tokens. Of course, there is no an absolute guarantee that your personal information will not be leaked. But if you really care about it so you shouldn't participate in such bounty campaigns.


Offline TripleVodka

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Re: Token distribution using KYC verification
« Reply #3 on: October 08, 2018, 12:40:01 PM »
Several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe?
If myself, I don't agree with this distribution which use KYC to get our tokens.
But I find many ICO project don't tell the bounty hunters if to receive their tokens, we should complete the KYC. I think this isn't fair, but what we should do? If we're not complete the KYC we will not get our tokens, but we already finish the bounty campaign.
Do you want to work but not get the payment? of course No.
I think, we should do the KYC process though there is not guarantee with our data. But I also check the project, if I feel the project suspicious, I will never do KYC process.

Offline Mbah Jenggot

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Re: Token distribution using KYC verification
« Reply #4 on: October 08, 2018, 02:10:47 PM »
Several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe?

I personally dont like the distributions with KYC. I also doubt It is safe. Because I think Cypto currency is anonymous, It is my opinion.

Offline zenbook

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Re: Token distribution using KYC verification
« Reply #5 on: October 15, 2018, 12:12:37 PM »
Since now there are a lot of scam projects on the ICO market, I think that it can be dangerous. It is not clear why we will draft our KYC data. This is suspicious in any case.
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Offline jet

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Re: Token distribution using KYC verification
« Reply #6 on: October 15, 2018, 12:15:48 PM »
Several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe?

im not confortable with kyc either! the sending of profile to the group of people which is not known to you is very risky in yoir part. bounty hunters before joining campaign should ask the dev if kyc is needed or not. Our profile is the most precious to us we should keep it safe all the time.
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Re: Token distribution using KYC verification
« Reply #6 on: October 15, 2018, 12:15:48 PM »


Offline Unknown

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Re: Token distribution using KYC verification
« Reply #7 on: October 15, 2018, 03:36:19 PM »
Theres so many bounties out there, dont send your personal information to anyone, and I recommend try to search a bounty without kyc

Offline dragononcrypto

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Re: Token distribution using KYC verification
« Reply #8 on: October 15, 2018, 03:41:05 PM »
Several bounty projects, are now beginning to implement KYC on the distribution of their tokens
when I send my identity card is this safe?

im not confortable with kyc either! the sending of profile to the group of people which is not known to you is very risky in yoir part. bounty hunters before joining campaign should ask the dev if kyc is needed or not. Our profile is the most precious to us we should keep it safe all the time.

Agreed, there have also been numerous scams involving fake ICOs. Ones who sell KYC on the dark web  :-\

Offline eldial

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Re: Token distribution using KYC verification
« Reply #9 on: October 15, 2018, 04:52:37 PM »
I think KYC is not compatible during token distribution because those members are legit to there own account which is using by email account to every owner and it depends the discussions of the projects which KYC is required.
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Offline Baroksz

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Re: Token distribution using KYC verification
« Reply #10 on: October 15, 2018, 06:00:39 PM »
I advise you to be careful, because usually with more rewards many agree to submit KYC. because this concerns personal data. but because this is a Bounty, it is a rule. indeed a dilemma. I prefer to look for another bounty
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Offline tamango

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Re: Token distribution using KYC verification
« Reply #11 on: October 15, 2018, 06:06:38 PM »
You can't really know if your data is safe or not, and this is not a good thing. I can understand KYC required for bounty with amount for example more than 1000$ but really can't understand for bounty with rewards with less than 100$.....
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Re: Token distribution using KYC verification
« Reply #12 on: October 15, 2018, 06:06:47 PM »
there is no 100% safe in internet, you must do you own research before sending your kyc, make sure the project is legit before you decide sending it, legit project must have atleast real team member and attend atleast 1 blockchain/crypto related event

Offline backfirst77

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Re: Token distribution using KYC verification
« Reply #13 on: October 15, 2018, 06:21:50 PM »
KYC when the distribution of tokens from bounty results is actually quite troublesome for bounty hunters. Because there is a sense of worry about the confidentiality of our data. But if that's the condition for getting a reward we will do our work.
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Re: Token distribution using KYC verification
« Reply #14 on: October 15, 2018, 07:16:17 PM »
depending on bro, you have to do research first before taking part in the bounty, if indeed the project is good and has proven authentic, then you can do KYC and it has been ascertained, the project will get a lot.

 

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