It is not even advisable to send your documents to strangers. They could do whatever they want with the documents and the will not face the consequences
If you must submit your documents always use decentralized identity services .
Their platforms will enable you record your identities and you will never need to send your documents multiple times for ICO kyc
Topic: Am done with KYC - page 37. (Read 22155 times)
Sorry, I do not agree with you. Yes, you are right that many ICO projects died badly who asked KYC for bounties and I can mention many examples about it. Because those projects were not cool enough. And I can tell you many Succesful ICO projects from the last year who asked KYC and doing very well in this bear market! So, It depends on Projects, not in KYC or any other thing, I think!
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Yea some project do scam with people money and some project are collecting money with personal information. I have also done some kyc which is totally worthless now. Now I think that i was in fault. And now I am avoiding some project which ask kyc and When can not identify the project is legit.
Some project I have seen that are "talented scammers"
Because firstly they collect money from the investors and did not listed any Exchange again they Announce a token swap that who will pass kyc they can only swap. Then people start to thinking that after swap the project will be listed exchange and try to pass kyc as soon as possible. But after swap the project team will run away.
So from my experience want to say don't kyc if you can not feel the project is legit.
Some project I have seen that are "talented scammers"
Because firstly they collect money from the investors and did not listed any Exchange again they Announce a token swap that who will pass kyc they can only swap. Then people start to thinking that after swap the project will be listed exchange and try to pass kyc as soon as possible. But after swap the project team will run away.
So from my experience want to say don't kyc if you can not feel the project is legit.
Yes i also done with some project who already said at the begining will not doing a KYC but after the distribution date its coming they just make another rules to doing a KYC for all bounty hunter.
Many ICO teams are now changing their mind about checking KYC during an ICO and this is a very big problem for bounty hunters. Not everyone has the opportunity to provide certain copies of the requested documents, and if the ICO team first claims that it will not conduct a KYC check, and then changes its opinion, this actually means that such bounty hunters will be denied the right to receive the tokens due to them. Therefore, the activities of the ICO must be regulated in order to have uniform, clear and transparent rules. 
Yes i also done with some project who already said at the begining will not doing a KYC but after the distribution date its coming they just make another rules to doing a KYC for all bounty hunter.
KYC verification is not directly related to this. I participated in projects where KYC verification was required and earned money there.
There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
If you are asked to go through the KYC, this does not always mean that they want to deceive you. However, if there are projects that do not require the passage of the KYC, then it is better to participate in them. I am more than confident that your data for KYC in many cases fall into the hands of scummers.
that is why I do not like to join bounty that requires KYC, it is a sign of a scam to me, but if they are legit, are you willing to exchange your personal information to a peanut?.. hell no.
KYC, in my opinion, is not a threat to us but also does not determine the success of a project. I am very careful about the gift project that uses KYC. As you said, many projects are gifted to use KYC but the project does not develop and even die. We must be careful in determining gift projects and checking.
There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
Good for you. I guess there are still gullible people who's willing to share their personal info to a bounty just to get peanuts.
KYC is not necessary, yeah and maybe those who are requesting for a KYC might be a scam projects and just a way to get our personal info, and who knows, maybe they will sell in underground or something. So just be careful (for those who are still bounty hunting and giving out their data)!!!
Cool that you understand it even now. Anyway, people should understand this and it seems to me that people already today understand that KYC is a process that is not quite relevant now, because now it’s very frank to share your documents is very dangerous.
Yes, choose not choose. Hunters treat us badly. Any project can change the conditions of participation. And not only business in the procedure of confirmation of identity. 
I think not all of them base on my observation and you probably just landed to the wrong projects. No one forces you guys to join those projects/bounties that requires KYC, if they are requiring one then from the very start don't join them if you already had bad experience about such.
I had the same thought and even stopped participating in bounties that require kyc. But, not all of them are scams or frauds. There are some promising projects among them. Now, it become a hefty task to distinguish between good and bad projects. The truth is, many good projects went unrecognized due to this predicament.
Glad that you did, but still many people are joining airdrops and bounty campaign with KYC, even those airdrops that is worth only $5, I don't know if they are using their own credentials or just faking it, because they can sell their credentials for that very low amount.
This can only be said for projects you have interacted with. KYC is becoming an integral part of the system as much as we try not to admit. Scams and fraud have prevailed in upstarts in cryptocurrency, and as we move further towards STOs verification of devs and investors would become more important.
KYC does not put an end to scams or fraud and there is the risk of stolen identity why you have to verify the agency handling the process. If it's personally handled by the project endeavour to check the terms and privacy policy.
KYC does not put an end to scams or fraud and there is the risk of stolen identity why you have to verify the agency handling the process. If it's personally handled by the project endeavour to check the terms and privacy policy.
what you say is true.
but for me personally, it was asked KYC or not it didn't matter.
when the project is potential and has a future and we must learn it. want to be asked or KYC doesn't matter.
the point is we as Bounty Hunters must always be wise if you want to get more
but for me personally, it was asked KYC or not it didn't matter.
when the project is potential and has a future and we must learn it. want to be asked or KYC doesn't matter.
the point is we as Bounty Hunters must always be wise if you want to get more
I really don't know how the issue of kyc will be put to an end to bounty hunters. Recently most projects ask for kyc and it makes me fear . Most times before the start of a bounty, if you ask if there will be kyc, there might be no response but at the end of the bounty you will be made to go through kyc which is not pleasant. I hope kyc comes to an end.
yes we have to be careful to give personal data to other people, I think many projects are currently asking for personal data but the project is not completed or the project is canceled. I'm afraid the data that has been given will be misused
Hhmm i think not everythinng project who request your KYC is scam or fraud, i ever follow bounty who request KYC and already in exchange. So dont think everything who req your KYC is bad, its not about KYC but its about the people who manage the project.
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