Topic: Bouty and KYC - page 16. (Read 2873 times)
Kyc is conducted to know real people participating in the bounty i like kyc it used to fix out scam peoples in a project,
they do it to make sure people not creating multi account to participate in bounty program, but sometime this process is very slow, bounty participant need more time till get accepted, i was participate on a project, and it take me 2months to get verified
I know some bounty requires KYC for their project but some participants are hesitate to submit their personal information especially online for it is easy for the hackers to acquire your information. Nowadays, many incidents of report that some of hackers uses your information to scam others. I know KYC is important but the safety is more important.
Yes some ICO exists which require a token to take KYC. And I think this is not good because I never experienced fraud ICO. Then I followed the ICO project and to get the token must perform charging KYC. And KYC is already done and so far haven't gotten in return.
I believe that for bounty programs KYC identification is necessary. This will help to save the campaign from dishonest players using many accounts. Better, of course, it is carried out at the beginning of the campaign bounty. Otherwise, if it is done at the end, then the already distributed coins do not return to the pool if someone does not pass the KYC verification
KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.
I absolutely agree with you thoughts. With the amount of cheaters in the bounty campaign, that is why they are doing this KYC thing. It is for those cheaters that have multiple entries and those honest bounty hunters are affected. It is now becoming a trend that most of the bounty campaign are asking for KYC at the end of the campaign to caught these cheaters off guard. With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.
Some bounty managers are not attentive in their job, they don't share KYC information before the bounty, rather they share when the bounty ends. Many people can't update all the time, that's why many people lose their earned coins, because of the KYC procedure. Yes, it is good to prevent scammer, but the bounty manager should share KYC information before the bounty starts officially.
I agree with the author, I also do not like this situation when the bounty project at the end of the signature of the company changes the conditions with the help of KYC, which recently happens often. Perhaps, unscrupulous bounty companies want to save on payments of rewards in this way, because not all crypto-enthusiasts are ready to share their own information for their security.
I have notice that bounties that requires KYC sometimes become very successful and I have noticed it for so many days since I came to this crypto business.
I think the notice of KYC should be made known to all the bounty participants before the bounty kicks off to enable those who are not comfortable releasing their documents avoid such bounty. It won't be fair on the parts of the bounty hunters if they are not aware and at the end, it will be announced.
Bounty managers should know when kyc is required as they themselves will have to go through the process to get their payment. Good ones will inform us on the original post whether or not kyc is required for their bounty program, if not then stay away from those manager who only tell you at the end.
I think bounty managers shoukd take it upon themselves to enquire from the team if kyc will be mandatory to receive bounty rewards which would have been included in the preliminary post of the bounty. So that any bounty participants would have known from the outset and not when they have worked at when the reward is to be distributed , they will be unable to do it and it will just be a waste of time and effort.
Kyc shouldn't be compulsory for bounty hunters, probably team are using it as opportunity to reduce the number of people that will be rewarded the worst part is that the decision will be communicated at the end of campaign.
KYC is one method used to reduce many accounts, so I support it. provided the Bounty is really real and what is requested from KYC is normal then I don't think it's a problem. we only need to be careful when filling in KYC.
This contest doesn't require any KYC. Just enter your email and join telegram group and you're in.
More info: https://coincodex.com/article/2154/200000-adb-token-giveaway/
More info: https://coincodex.com/article/2154/200000-adb-token-giveaway/
This is the problems that many bounty campaign had because when they started legislation was not so strict so kyc was not allowed. Now many bounty campaigns requires kyc since beginning
KYC is not a bad thing, because nothing is wrong if a company know her client. the only bad thing there is that when the rules are not made clear from the beginning of the bounty program and at the middle it now come up with KYC. it is disgusting.
I agree with you that KYC is good, but only if I send my data to honest people. And in the crypto industry there are a lot of scammers who want to steal your personal data.
How much longer can you talk about KYC? I think that all this has already been tested many times, the KYC process is clearly made just to improve the situation with the procedure of KYC for investors. This is normal. But as for KYC for bounty this is not normal.
KYC is not a bad thing, because nothing is wrong if a company know her client. the only bad thing there is that when the rules are not made clear from the beginning of the bounty program and at the middle it now come up with KYC. it is disgusting.
In my own opinion, I don't see any need for the so call KYC in the world of Cryptocurrency be it bounty, airdrop or ICO. Many people wouldn't be comfortable to submit their confidential to someone they do not know nor whom they have not seen for once It would have been better If this KYC of a thing could just be trashed out in Crypto.
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