Post
Topic
Board Altcoin Discussion
Re: KYC for Airdrops: A bad precedence
by
martin1221
on 18/01/2019, 14:53:33 UTC
I have recently seen where bounty hunters were asked to present identifying documents.  Am really against kyc because one of the reasons I joined crypto was the anonymity which it provides. But sadly that's gently creeping away.

Now this KYC has come into airdrops. Imagine am to submit my ID to some I don't know which planet he or she or they are from for some pennies worth tokens. 

It's terrible and this is a bad precedence these people are setting.

If as a community we do not say no to this,  then it would become the norm.

I think some bounty campaigns are confused of using KYC. KYC was created by banks to know their investors. Airdrop participants, on the other hand, are marketers of the project and the distributions they received are rewards for tasks they do to market the coin. I agree that this should be stopped as most airdrop participants join just to receive rewards.