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 fully agree with this statement. The KYC is not really aimed at the goals that it covers at the moment. It is reasonable to assume that a KYC is necessary for those whose purchase exceeds the determined amount. At the same time, I'm confident that those people who receive the greatest financial benefits are in the shadow.
Unfortunately, we are not able to change this system, because the strong and powerful will always try to further restrict those who could potentially become their rival, and everyone else who is trying to significantly improve the quality of their lives.