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
As far as I know, there are only two reasons why ICO bounties implements KYC right from the beginning or in the end of the campaign. One is because if the jurisdiction in their country and second is for not wanting to pay all of the participants. If KYC happens at the end, then there is a 90% chance that it is because of the second reason because if they already know it is in the jurisdiction then they should have told us right from the start. But they don't and they see it as a huge benefit with having a lot of participant giving them free service.