Topic: Am done with KYC - page 8. (Read 22155 times)
Its depend from the project. For examples, Harmony required KYC, and it's one of the top projects. Always do research before send your document to the project.
These days people no longer give out kyc for projects , a lot of people has complained about this ! But I think looking at project , it’s readable to know at 70-80% of them that will pay with or without kyc ! Kyc isn’t a factor for success or payment in crypto !
Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.
KYC is not a good idea for everyone. Not all people from the crypto market participate in bounty campaigns, but everyone trades on crypto exchanges. And I don’t really want to go through the KYC on exchanges, because I don’t know which regulator the exchange will transfer my data to. And why did the exchanges located in offshore need my KYC data?
I strongly disagree with KYC for bounties or airdrops because it annoys me,
But for the exchange it is not a problem because the data is safe and if a problem occurs we will provide our correct documents.
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
Actually not all projects that use KYC are undeveloped, but it's just that you coincide with a project that might be for you less developed. because I myself have done kyc and I get a project that is growing and making profits. so I think we need to be more selective about a project that asks for kycThat's right, I myself chose a project that is profitable for me and I will do KYC to get the reward, if only a small reward I will miss it.
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
Actually not all projects that use KYC are undeveloped, but it's just that you coincide with a project that might be for you less developed. because I myself have done kyc and I get a project that is growing and making profits. so I think we need to be more selective about a project that asks for kyc I have exactly the same. Projects that required KYC did not even enter the market. And I realized that I no longer when will not give KYC for bounty. It's not worth it. Honest projects don't need your KYC.
i also felt disappointed because i had filled KYC but i did not get good results. sometimes i feel like filling out KYC will only make me lose my privacy.
but i think, not all projects that ask for KYC are bad, there are some projects that are very profitable and they really need KYC to avoid multiple accounts.
I have exactly the same. Projects that required KYC did not even enter the market. And I realized that I no longer when will not give KYC for bounty. It's not worth it. Honest projects don't need your KYC.
Sadly say that it's promising for those projects who did not ask for KYC but manage to distribute the rewards and being listed to exchange, participants from that campaigns able to enjoy the value of their works and not to wait for nothing, unlike those projects who collected personal information then after that nothing happened, participants are hanging in the ir without any knowledge if there's still chances to receive anything from the team. 
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
Yup some shitty projects conduct KYC just to steal our information and sell it to the black market but some legit projects conducted KYC just to follow the law on their country so I think KYC is really a must in joining bounties. But I suggest that research about the project and if you saw some red flags then dont do KYC and move on and look for another good project.What if the project team ask KYC and they announce it at the end of the campaign.
Though you will get a huge number of token like a hundred thousand for example.
The project token is already listed in 2 major exchange like KUCOIN and HUOBI with a price of 0.00001543 BTC per token.
Will you do KYC for your tokens to be unlock or will just stick that you will not do KYC? Be real!
Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.
KYC is not a good idea for everyone. Not all people from the crypto market participate in bounty campaigns, but everyone trades on crypto exchanges. And I don’t really want to go through the KYC on exchanges, because I don’t know which regulator the exchange will transfer my data to. And why did the exchanges located in offshore need my KYC data?
Bounty hunters are not clients in the legal definition of the word. They simply do the job of promoting the project as hired specialists in their field. There is no reason to force them to pass KYC in order to receive their payment for work.
You yourself say - pay for work.
In some countries, regulators prohibit the ownership of certain assets. In order to avoid possible claims from regulators in the illegal distribution of assets, projects are forced to request KYC from all asset owners.
Always I have problem with KYC, if it is mandatory to submit electric bill or bank statement in 3 months. No connection to success project if KYC is mandatory or optional. What is about of price which token price is now peanuts, but surged in bullrun.
Some projects that do kyc do apply a number of rules which are sufficient difficult for the participants, as you have experienced, in the fact asking for newspaper bill or bank statements and of course it is very difficult to get those two things in several countries or regions because I once tried asking for letters a report from the bank, but this requires quite a long time.And there are also kyc who only accept passports and do not accept id cards of course this is also very difficult because many of the bounty participants do not have a passport and only have their country ID card.
Always I have problem with KYC, if it is mandatory to submit electric bill or bank statement in 3 months. No connection to success project if KYC is mandatory or optional. What is about of price which token price is now peanuts, but surged in bullrun.
Bounty hunters are not clients in the legal definition of the word. They simply do the job of promoting the project as hired specialists in their field. There is no reason to force them to pass KYC in order to receive their payment for work.
You yourself say - pay for work.
In some countries, regulators prohibit the ownership of certain assets. In order to avoid possible claims from regulators in the illegal distribution of assets, projects are forced to request KYC from all asset owners.
Bounty hunters are not clients in the legal definition of the word. They simply do the job of promoting the project as hired specialists in their field. There is no reason to force them to pass KYC in order to receive their payment for work.
I also won't do bounties that require KYC, it is ridiculous to spread personal information around for peanuts... and with the percentage of failed projects it becomes even more ridiculous...
Another point is that is very rare that the developers submit KYC... so why should investors and hunters?
Another point is that is very rare that the developers submit KYC... so why should investors and hunters?
Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.
Yes - this is a sad reality. Most airdrops just collecting data and sell them on the darknet. I think you better change your passport
Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.
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
Not all bounty projects that required KYC for all the people who participate to the campaign will succeed, KYC is made to prevent fraud and it's like a security precaution. We need to choose smarter on every project we wanted to participate so our time will not be wasted.KYC is not only for the investors like what OP think about it. Years prepare us to be ready for the KYC required situations which can be asked bounty manager or the directly from the team. Realizing the facts will change the look of the box that looks closed for inexperienced bounty hunters. Timing the KYC can be wrong by the team but asking for the extra week from team will be the solution instead of the blaming the whole procedure.
Kyc for bounty hunters isn't a good idea these guys ain't investors why compel them to provide their personal details. Also most projects are scam looking for a way to steal people's details and se on dark Web for quick cash. I don't advice anyone going through kyc for bounty.
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
Not all bounty projects that required KYC for all the people who participate to the campaign will succeed, KYC is made to prevent fraud and it's like a security precaution. We need to choose smarter on every project we wanted to participate so our time will not be wasted. Jump to: