Important information about KYC!

in #ico7 years ago

KYC.jpg
You have probably faced the issue of passing KYC, if you participated in bounty or airdrops, as well as if you invest in any ICO at any stage.
Reliable companies always notify you of the need for KYC at the very beginning. This is indicated in all project documents. So they give you the right to choose whether to open their personal data or not.
You can consider as scammers those companies that did not report the KYC procedure at the beginning, for example before the beginning of the bounty, and then put you before the fact. With such projects, I recommend not to mess with. But the choice is always yours.
KYC is a very important point, which can not be ignored. Many large (small, too) investors do not want to shine with their personal data. After all, why was the crypto currency created? As a means of anonymity payments, that's right. Why should investors do this? Especially when they have already made their money, the KYC demand is equivalent to a catastrophe! Surely you saw the reactions of such people in the chats of different projects.
Before you send your personal information, such as a passport scan, you need to answer yourself to the main question: is it worth it? Think carefully before giving an answer. Let's think together.

YES
You get paid for your work (And this is your time - the most valuable and irreplaceable resource). You deserve a reward for the time spent, for example in the case of bounty. If you are an investor, you have already made your funds, and KYC for you is an important step for getting your tokens. You are ready to take risks by sending your personal data to the company.

NO
You send your personal information to those with whom you are unfamiliar, and what happens to them in the future you do not know. Third parties have access to your data, and nobody is responsible for distributing documents over the network, except for you. Have you ever seen an agreement on the non-distribution of personal information?
There is always a possibility that the file with the data of the participants can be hacked, stolen, resold to third parties. As you know, hacker attacks occur regularly, especially in the field of crypto-currencies. And the project administrators who collect the data are tempted to sell them and become richer at the same time. And to prove the sale or catch is almost impossible.
You participate not in one project, but in many. And the more you distribute your personal data to all companies, the more chances are that they will fall into the hands of scammers.
It is not news that having your passport data, you can commit many illegal actions. I can advise all people who scatter their personal data to be careful and attentive. Do not be surprised at the fact that you can already be wanted abroad ...
As far as I know, there are people who send for KYC fake documents or processed using graphics programs. There you can change the appearance, hide numbers, codes or fix them to nonexistent ones. You have the right to do as you see fit. But in many countries, forgery of documents is considered a criminal offense, for which you can sit down for a long time. So, do you think it's worth risking your own freedom for 1-2 thousand incomprehensible tokens ...
Many will say, I've done this 100 times, and there have been no problems. Believe my experience, problems can quite unexpectedly occur 101 times.
I can confidently answer the question: "Do you go KYC?" - NO.

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