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Author Topic: Token distribution using KYC verification  (Read 5602 times)

Offline shadowdio

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Re: Token distribution using KYC verification
« Reply #45 on: November 05, 2018, 02:40:25 PM »
for me it is not safe to send your identity card to them it is very risky, there is nothing we can do with their rules, I don't join bounties that needs KYC. If you believe that the company is trusted and you get a high reward from bounty that you joined then do the KYC.

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Re: Token distribution using KYC verification
« Reply #45 on: November 05, 2018, 02:40:25 PM »

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Offline Unknown

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Re: Token distribution using KYC verification
« Reply #46 on: November 05, 2018, 02:52:51 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?
Altcoinstalks launched another board named KYC verified, bounties and airdrops https://www.altcoinstalks.com/index.php?board=326.0

This is a good move made by the admin to let us participate with kyc projects. The admin will stored your info and once it was confirmed you will be given badge that you are "KYC verified"
 
This is safe,
Join the club!

Offline trauchot

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Re: Token distribution using KYC verification
« Reply #47 on: November 05, 2018, 03:28:22 PM »
for me it is not safe to send your identity card to them it is very risky, there is nothing we can do with their rules, I don't join bounties that needs KYC. If you believe that the company is trusted and you get a high reward from bounty that you joined then do the KYC.
This is the right decision, but now companies are gradually moving to another level in order not to pay their tokens or simply to protect themselves from something and at the end of the bounty or after the ICO they say that it is necessary to go through KYC.
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Offline Ghozrd

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Re: Token distribution using KYC verification
« Reply #48 on: November 05, 2018, 03:44:24 PM »
There is no guarantee that the data you provide is safe or not, but you must be sure and trust the project team. Even exchanges like Binance need KYC, what you think is the same and they require you to fill out KYC for large amounts of BTC withdrawal.
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Offline Thegals

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Re: Token distribution using KYC verification
« Reply #49 on: November 05, 2018, 04:00:47 PM »
This was done by Dev to anticipate fraud committed by bounty participants. Because there is a possibility of multiple accounts made by the bounty participants. So do KYC if you want to get tokens from the bounty results that we follow.

Offline Helex

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Re: Token distribution using KYC verification
« Reply #50 on: November 05, 2018, 04:04:20 PM »
it's far genuinely authentic that currently there are very many bounties that follow KYC usage in sending tokens, but I assume it's all secure to use, as it avoids more than one money owed.
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Offline Nazir

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Re: Token distribution using KYC verification
« Reply #51 on: November 05, 2018, 04:07:31 PM »
there are several tasks that use kyc to distribute the tokens. if we will whole it well, it will be clean. however for folks who can not whole it, they may not get the tokens.

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Re: Token distribution using KYC verification
« Reply #51 on: November 05, 2018, 04:07:31 PM »


Offline Galon

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Re: Token distribution using KYC verification
« Reply #52 on: November 05, 2018, 04:35:53 PM »
You must be sure and trust the project team. Even exchanges like Binance need KYC, what you think is the same and they require you to fill out KYC for large amounts of BTC withdrawals.

Offline cora

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Re: Token distribution using KYC verification
« Reply #53 on: November 05, 2018, 05:25:51 PM »
I recommend you to be careful, due to the fact generally with more rewards many agree to post KYC. because this issues private statistics. but due to the fact that is a Bounty, it's far a rule. indeed a predicament. I choose to look for some other bounty.

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Offline Deallove9

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Re: Token distribution using KYC verification
« Reply #54 on: November 05, 2018, 06:27:07 PM »
I don't I an way like it and it doesn't follow the rules in decentralized manner that we all talking about , cause I see no reason for kyc when we talk of decentralized ,many are just using that to cut off some beneficiary of their reward and so many scam ico request for same kyc and no where to be found now with investors funds , so if really their is a body that need to know the kyc of the ico participants then the body suppose to be responsible for the team where about when they run away with investors money but nothing of such has ever happen so I don't think I can give my data to unknown people all in the name of investing my money , I will rather wait for exchange listing or better even face the well know project in the market cause the ico future can't be determine until it listed and perform well .

Offline napster

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Re: Token distribution using KYC verification
« Reply #55 on: November 05, 2018, 08:28:51 PM »
It is not safe and it is not going to be safe at any time I suppose. You are sending your personal informations to the people whom you never seen before.

Offline Shanacute14

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Re: Token distribution using KYC verification
« Reply #56 on: November 06, 2018, 02:09:22 AM »
I dont think that it is safe to give your personal information. But if the bounty you have doing is legit paying it is good to give.

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Re: Token distribution using KYC verification
« Reply #57 on: November 08, 2018, 12:34:49 PM »
I am more careful with KYC verification and i do not join airdrop/bounties that have KYC it's against my privacy we don't know if we are safe or not even if we say that the project has a potential or what it's okay to do KYC in some exchange but in airdrop and bounties it's a no for me.
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Re: Token distribution using KYC verification
« Reply #58 on: November 08, 2018, 01:39:22 PM »
KYC is a good idea for token distribution, it reduces the level of cheating in a system, the only thing for us not to fall into KYC scam.
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