Topic: Know Your Costumer (KYC) requirements on Bounty must Include in ANN? (Read 265 times)
April 15, 2018, 09:07:18 PM
Thanks forumers for each opinions you share I hope this can be use as tool to send a strong message to ICO's and Bounty Managers to merge this important piece of Information in Every New ICO Bounty Thread and Future Campaigns.
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April 14, 2018, 12:50:25 AM
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I dont agree with you since bounty hunters only promoting there campaigns and bounty hunters did not pay any money to do that. You have to understand that KYC is only for those investors who buy tokens known as costumer that why KYC meaning is Know Your Costumer is for costumer only and not for bounty hunters.
Do INVESTORS receive TOKEN? Yes
Do bounty participants receive TOKEN? Yes
Does the prize organizer accept TOKEN? Yes
Those are the token holders of ICO products and they are CUSTOMERS of that token
April 14, 2018, 12:46:58 AM
There's nothing I hate more than asking KYC for bounties. KYC with your photo with holding the name of the bounty is fine, but asking passport or/and proof of address is a very very negative thing in bounty campaigns.
The only reason a bounty campaign need a KYC to to get avoid from cheaters, so they can easily do that with a selfie / clear photo of the participant holding the name of the bounty on a paper, because providing passport and proof of address can be a very dangerous thing. actually it should not exist on the INTERNET projects.Anyone provides those documents put themselves at great risk of getting used them for illegal purposes, there are KYC packages to sell on dark net forums. all obtained from ICO projects.
so I do not believe and totally against KYC process on bounty and ICO's , the purpose is to get to know you customer, you can easily do that with a photo. if it's not enough you can ask for a time stamped photo holding the name of the bounty or ICO. that way no personal info revealed and you get approved for real person too.
I agree with what you are saying here. This whole KYC drama is seriously annoying and I cannot understand why so many people are not reluctant when it comes to sharing their personal details with strangers online. The photo method which you talked about makes sense and it does solve the problem in a big way in this case, but I doubt anyone will employ it since they know desperate people will do anything for money. Coming to the post by op, I agree with what you are saying. It would be better if the campaign managers stated the KYC requirements in the ANN thread itself to avoid any hassle in the future. The only reason a bounty campaign need a KYC to to get avoid from cheaters, so they can easily do that with a selfie / clear photo of the participant holding the name of the bounty on a paper, because providing passport and proof of address can be a very dangerous thing. actually it should not exist on the INTERNET projects.Anyone provides those documents put themselves at great risk of getting used them for illegal purposes, there are KYC packages to sell on dark net forums. all obtained from ICO projects.
so I do not believe and totally against KYC process on bounty and ICO's , the purpose is to get to know you customer, you can easily do that with a photo. if it's not enough you can ask for a time stamped photo holding the name of the bounty or ICO. that way no personal info revealed and you get approved for real person too.
April 14, 2018, 12:41:31 AM
I agree to have to use KYC, but have to cooperate with third party. for example, like Civic.
So we only need KYC 1 x that is only on the Civic website.
What do you think?
April 14, 2018, 12:37:07 AM
I agree with OP, it's frustrating that when the bounty end then there's a sudden KYC. They "MUST" display it in their threads so that the bounty participants will be notified and to avoid confusion/disputes. Having a KYC will remove the spammers and thus more rewards to receive but hopefully the bounty managers should make some ways to disqualify cheaters easily.
April 14, 2018, 12:11:45 AM
I think all token holders (ICO investors, bounty participants, airdrop participants and other communities) are required to perform KYC.
This is done to avoid the negative in the crypto ecosystem
This is done to avoid the negative in the crypto ecosystem
Whatever the purpose or Good reason is- this important piece of Information must Include in the *BOUNTY THREAD RULES* in order to Informed the future bounty participants that this Bounty Campaign has a KYC requirements when claiming Bounty payment. in these way those participants who has not any of those required documents to do KYC will hesitate to join in any Campaign that required KYC ? coz he/she know already that his work will be wasted and he/she not able to get payment without KYC. My important point is the information must readable and accessable* We all know that many unclaimed Bounty Payments because of this KYC requirements (specially when the required documents is too much like *PASSPORT or specific ID like *DRIVERS LICENSE not everyone has a passport and drivers license for god sake! this is a additional burden to the Bounty Participants.
Note: Im not againts the KYC but make it more friendly to Bounty Hunters Nothing more Nothing Less*
If they did the KYC when the end of the bounty period and never give the salary to their worker, they can be called perpetrators of slavery.
Not paying the wages of the people who have worked for them.
And this has actually VIOLATED INTERNATIONAL LABOUR LAW
For more information, you can see at http://www.ilo.org/dyn/normlex/en/f?p=NORMLEXPUB:12100:0::NO::P12100_ILO_CODE:C087
April 14, 2018, 12:05:49 AM
I think all token holders (ICO investors, bounty participants, airdrop participants and other communities) are required to perform KYC.
This is done to avoid the negative in the crypto ecosystem
This is done to avoid the negative in the crypto ecosystem
I dont agree with you since bounty hunters only promoting there campaigns and bounty hunters did not pay any money to do that. You have to understand that KYC is only for those investors who buy tokens known as costumer that why KYC meaning is Know Your Costumer is for costumer only and not for bounty hunters.
April 13, 2018, 11:59:32 PM
Firstly, ofc the requirement of the KYC must necessarily be warned at the beginning of the campaign, in the ANN topic.
Secondly - I think that the KYC which is necessary for investors is not required for hunters, because hunters do not invest the funds, the origin of those who need to be explained.
Thirdly, all requirements of the KYC are circumvented by false documents, so KYC is not a panacea.
Secondly - I think that the KYC which is necessary for investors is not required for hunters, because hunters do not invest the funds, the origin of those who need to be explained.
Thirdly, all requirements of the KYC are circumvented by false documents, so KYC is not a panacea.
I agree with that if that campaign require KYC to there bounty hunters it should be in the first at the bigining of the campaign so that participants can understand and know what the rules they should follow. The team and bounty manager who do this requirements after there campaign already finish is only taking advantage bounty hunters because they know that mostly bounty hunters dont like KYC.
April 13, 2018, 11:53:05 PM
Firstly, ofc the requirement of the KYC must necessarily be warned at the beginning of the campaign, in the ANN topic.
Secondly - I think that the KYC which is necessary for investors is not required for hunters, because hunters do not invest the funds, the origin of those who need to be explained.
Thirdly, all requirements of the KYC are circumvented by false documents, so KYC is not a panacea.
Secondly - I think that the KYC which is necessary for investors is not required for hunters, because hunters do not invest the funds, the origin of those who need to be explained.
Thirdly, all requirements of the KYC are circumvented by false documents, so KYC is not a panacea.
April 13, 2018, 11:44:21 PM
In my openion this is not a good option there why shoukd we need KYC for bounty hunting except if we buy tokens from new ICO we are not a costumer we are a promoter and in the name of KYC means for costumer only. Everyone can do bounty hunting without revailing there self to anyone.
April 13, 2018, 11:32:47 PM
That is exactly the normal thing to be done, it must be announced on the ANN that KYC is needed before the start of the program.
Some campaigns will never announce before the starting of the program, but after the campaign has ended, this will surelying discourage those that has no required documents to do the KYC hence they loose their tokens after all their labour.
Some campaigns will never announce before the starting of the program, but after the campaign has ended, this will surelying discourage those that has no required documents to do the KYC hence they loose their tokens after all their labour.
April 13, 2018, 11:31:43 PM
I don't really agree to KYC rules of bounty participants as they might sell our infos but I have no choice if I want to get rewarded for my works I need to pass the KYC rules to get my rewards. I hope next time only the buyers are required to do KYC not bounty participants as we are only working to promote them.
April 13, 2018, 11:30:07 PM
However, the distribution of the reward is not high, so the KYC data cannot be effectively managed.
So I'm very cautious about this, because it's possible to leak personal data.
So I'm very cautious about this, because it's possible to leak personal data.
April 13, 2018, 11:22:53 PM
I agree to have to use KYC, but have to cooperate with third party. for example, like Civic.
So we only need KYC 1 x that is only on the Civic website.
What do you think?
April 13, 2018, 11:21:37 PM
I think all token holders (ICO investors, bounty participants, airdrop participants and other communities) are required to perform KYC.
This is done to avoid the negative in the crypto ecosystem
I think this is a good opportunities to reduce a scam, but many people prefer crypto because they can invest and make a payment secretly. This is done to avoid the negative in the crypto ecosystem
April 13, 2018, 11:11:28 PM
I agree to have to use KYC, but have to cooperate with third party. for example, like Civic.
So we only need KYC 1 x that is only on the Civic website.
What do you think?
April 13, 2018, 10:37:52 PM
There's nothing I hate more than asking KYC for bounties. KYC with your photo with holding the name of the bounty is fine, but asking passport or/and proof of address is a very very negative thing in bounty campaigns.
The only reason a bounty campaign need a KYC to to get avoid from cheaters, so they can easily do that with a selfie / clear photo of the participant holding the name of the bounty on a paper, because providing passport and proof of address can be a very dangerous thing. actually it should not exist on the INTERNET projects.Anyone provides those documents put themselves at great risk of getting used them for illegal purposes, there are KYC packages to sell on dark net forums. all obtained from ICO projects.
so I do not believe and totally against KYC process on bounty and ICO's , the purpose is to get to know you customer, you can easily do that with a photo. if it's not enough you can ask for a time stamped photo holding the name of the bounty or ICO. that way no personal info revealed and you get approved for real person too.
The only reason a bounty campaign need a KYC to to get avoid from cheaters, so they can easily do that with a selfie / clear photo of the participant holding the name of the bounty on a paper, because providing passport and proof of address can be a very dangerous thing. actually it should not exist on the INTERNET projects.Anyone provides those documents put themselves at great risk of getting used them for illegal purposes, there are KYC packages to sell on dark net forums. all obtained from ICO projects.
so I do not believe and totally against KYC process on bounty and ICO's , the purpose is to get to know you customer, you can easily do that with a photo. if it's not enough you can ask for a time stamped photo holding the name of the bounty or ICO. that way no personal info revealed and you get approved for real person too.
April 13, 2018, 10:04:00 PM
Gooday Bitcointalk Forumers!
Know Your Costumer KYC must Include in Bounty Thread Information in the Specific Bounty Campaigns is a must and rightful thing to do!
PURPOSES:
1 To inform the Future Bounty Participants that this Specific Bounty Campaign is Employing KYC in the End of the Campaign?
2 KYC required Documents must set and put together on the ANN (example: Passport,Government Issued ID's, utility bills* Electric,water,Telephone, Etc.
3 Distribution Information must set in fair and Rigthful mode and Any Surprises like( Bounty Hunters is need to pay gas to recieve the Bounty Payment) this surprises is very unfair to the Bounty Hunters( if the Specific Bounty Campaign has required the Participants to send gas fee it must include in the Bounty Thread Information. so that Bounty Participants is fully Aware of the Rules and Condition Applied.
4 If this Information is Include in The Bounty Thread Future Bounty Participants is fully Aware and make sure that he/she can submit those documents needed in KYC process in order to recieve Bounty Payments. before he/she join the specific Bounty Campaign*
5.This Information is Needed to avoid future lost of Bounty Payments due to this Unfair* Surprise Practices)
Fellow Bounty Participants Any Thoughs about this Issues!
Know Your Costumer KYC must Include in Bounty Thread Information in the Specific Bounty Campaigns is a must and rightful thing to do!
PURPOSES:
1 To inform the Future Bounty Participants that this Specific Bounty Campaign is Employing KYC in the End of the Campaign?
2 KYC required Documents must set and put together on the ANN (example: Passport,Government Issued ID's, utility bills* Electric,water,Telephone, Etc.
3 Distribution Information must set in fair and Rigthful mode and Any Surprises like( Bounty Hunters is need to pay gas to recieve the Bounty Payment) this surprises is very unfair to the Bounty Hunters( if the Specific Bounty Campaign has required the Participants to send gas fee it must include in the Bounty Thread Information. so that Bounty Participants is fully Aware of the Rules and Condition Applied.
4 If this Information is Include in The Bounty Thread Future Bounty Participants is fully Aware and make sure that he/she can submit those documents needed in KYC process in order to recieve Bounty Payments. before he/she join the specific Bounty Campaign*
5.This Information is Needed to avoid future lost of Bounty Payments due to this Unfair* Surprise Practices)
Fellow Bounty Participants Any Thoughs about this Issues!
KYC is needed when money exchanges hands. The key word is customer. If an ICO operator wants to do KYC for bounty participants then it needs to be disclosed up front, and as part of the registration process.
April 13, 2018, 09:59:46 PM
You are right up to an extent and everyone is entitled to his or her opinion that’s why said you love to hear from us too. Yes, they should include it in the bounty thread, so everyone would be aware that in future they would need to submit document to get the tokens they worked for but kyc is cool enough for even bounty hunters, with kyc, trust me there won’t be multiple accounts
April 13, 2018, 09:51:49 PM
yeah i agree with you, KYC (Know Your Customer) is required with legal reason it's must to do for bounty even a ICO for investor
This will avoid some bounty participant using multi-accounts.
This will avoid some bounty participant using multi-accounts.
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