I participated in many bonus programs and ico, there are many of them compulsory KYC.I am very anxious when the ico and the campaign has collected personal information and sell personal information
This is the reason people do not participate in many ICO where they require the KYC to be done as they are not sure how they will use the data and sell it . Thus it is better not to only own such ICO coins where the risk is higher.
And this should be the reason why people should take DYOR seriously as much as possible. A lot of investors and most especially newbie investors are too lazy to want to research on a project and for heaven sake, in this regard, you are not just dropping your hard earned money, but you are also dropping your information which even has to do with your identity. This is some crazy stuff to do without doing the properly needed thing to do before even going ahead with any investment.
I participated in many bonus programs and ico, there are many of them compulsory KYC.I am very anxious when the ico and the campaign has collected personal information and sell personal information
So many people or will I say wannabe users looking for free money are the ones who get to be a victim of this as well as those who just tend to want to invest in anything without even doing proper due diligence. I have seen so many projects requesting for KYC that have turned to scams before, and this is a bad thing for those who do not take the pain to research on what they are investing in before even investing in it at all. This is usually some of the results.