Hi.can someone tell me if KYC is ok ? what could be the effects of doing it especially in bounties/airdrops, they are requiring to pass KYC before joining
KYC is such a big help not just for me but also for the ICO project conducting campaigns and airdrops. It help in a way that scammers/fraud are prohibited in receiving the tokens that should be given only to those who are legit participants. KYC has such a big impact to those fraud that turn their dirty works into trash.
Yes, I believe if there is a project that asks KYC verification to Bounty participants, I think the project is not a fraud. But most people do not believe in projects that ask for KYC, they are worried about his personal data.