Post
Topic
Board Altcoin Discussion
Re: Do I need KYC for generosity?
by
ityandsyn
on 26/11/2018, 15:56:58 UTC
There are multiple causes for this ...

1. Some legit ICOs can use KYC to reduce the number of fake accounts trying to benefit their "generosity".
2. Some not-sure-if-legit-probably-no will sell the KYC info to the highest bidder.
3. Some bounty managers may use KYC to not pay for some work done.

All in all, since the ICO/bounty/airdrop is made my people you don't know and you are not sure about their intentions, it's safer to not give out your info so easy, since you may have nasty surprises later on.
Even if you'll lose a couple of easy bucks because of that.

      Your thoughts are very specific and understandable , I highly appreciate to this , so KYC  requirement should  be included of the rules in the very bigenning and not included to their rights to change the rules , just to be fair and have the option either to join or not , after all we will be forced to render just to claim our tokens .