Do any of you participate in ICOs that requires KYC (Know your Customer). We actually experienced this one on exchanges but how about in partipating in ICOs or just even in airdrop that requires KYC.
I think it depends as for me as they are many scams as well just getting your information. In some instances, we can be blind sometimes, mkay? I really do not join airdrops if it requires too needy to get your personal information.
I believe some people are not cautious as long as they can join airdrops. How about you? What are your thoughts about KYC in ICOS?
Yes, i do experienced joining in an ICO that has requirements to fill-up a KYC form. Typically, they would say its for AML (Anti-Money Laundering Act) purposes against fraud and probably its their strategy to catch alternate accounts that might be a part of their bounty campaign.
However, i also read somewhere that this KYC are being used to steal identities of others by Hackers probably for their evil purposes. Unless we remained vigilant and we make sure that the ICO we joined was a legit one then its ok to have a KYC requirements.