I'm here today to drop my own point about how KYC should be use
- KYC requirement for bounties and airdrops is so unreasonable ,KYC implementation is no doubt a good idea but it should be forced only on big investors that wants to buy large amount of a token either From Exchanges
- there should be limit for KYC requirements e.g like if an investor wants to buy 10,000$ worths of tokens upward then he or she must go through KYC ,just saying
I feel your pain dude. Its ridiculous when you are required to do KYC for just $5 to $20 airdrop. I definitely agree with you this. KYC should be for investors who are investing huge sums of money on a crypto project.
I think the same, it does not make any sense KYC for small investment, somehow it is always good to maintain anonymity, whales if they are cases of large investments, should have a control to avoid fraud. Although in the projects they should demand a protection policy for the KYC.