Topic: KYC as a Scam (Read 22331 times)
I often experience things like this. Many Bounty projects from the beginning did not use KYC but when the project was completed. They need bounty hunters to go through the KYC process before receiving tokens. And for those who don't do the KYC process, of course, they don't receive tokens. And for tokens that are not given to bounty hunters, I think that depends on team policy.
KYC is a procedure where people scam themselves 
People who understand this have not sent anything for a long time. You also need to understand that today you do not need to send anything so that in the end it does not become very, very painful in the future. And maybe in general everything can end in failure and mortally.
This procedure is not loved because it forces us to reveal our personalities, while there are no guarantees that this should be done at all. I believe that resorting to this procedure makes sense only in the case of significant payments from the project.
Ether delta didn't need KYC, people seem to like faster service and lower fees more than freedom.
OP is not talking about passing KYC verification on crypto exchanges,it is about the people who need to complete the KYC to receive their tokens from ICO projects. 
There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.
We are better done and notified when we start. this is to avoid fraud against participants, this can be an option for participants whether or not they want to follow the Kyc procedure so kyc is worth doing at the end
This is usually done to erase multi-accounts. The share of these participants should be distributed to all the rest. So honestly
I also do not know where the token went but if there were participants who did not get the token because of KYC problems, the team should share the tokens with all the campaign participants so that the allocation would match what was written in the thread bounty.
for example, in the signature campaign there are 10,000 tokens that are not sent, the tokens must be distributed to all signature campaign participants equally
for example, in the signature campaign there are 10,000 tokens that are not sent, the tokens must be distributed to all signature campaign participants equally
This practice is very common. They have already scammed me thousands of dollars that way. They usually burn unsold coins, but what do they do to undistributed bounty coins?
KYC is really a solution to solve double accounts and cheaters but my own point is there are some scam projects that still implemented KYC so it doesn't mean that all projects with KYC are real or safe ,my own reason why I go against KYC is because of security reasons ,to steal someone identity is easy nowadays
it is true that with KYC it can provide a solution to solve that problem, but you have to know your data or identity that is very important it can be used for crime that you do not expect. keep careful when doing KYC. 
This is really very worrying because when hunters struggle to the campaign so the project has many investors. But when the project was finished they were told to go through KYC. Maybe there is nothing wrong with KYC, but when it was said at the beginning it did not use KYC. And for those who don't pass KYC, I think the tokens are still in their possession.
I prefer to delay KYC. if the bounty token I have received has appeared on the dashboard. and the token has a market or exchange and is valuable. then there is no problem doing KYC. if the token is already on the dashboard then just calm down we can do KYC at any time. I will not do KCY on ICO scam. on my experience doing KCY with original data is always easy and never denied.
KYC is really a solution to solve double accounts and cheaters but my own point is there are some scam projects that still implemented KYC so it doesn't mean that all projects with KYC are real or safe ,my own reason why I go against KYC is because of security reasons ,to steal someone identity is easy nowadays
KYC means money, KYC means coins! I have witnessed that a scam project has sold their customers/bounty hunters KYC's for money and after that day when i send my KYC i always feel very bad. I think only the big buyers should send the KYC, the small buyers and bounty hunters should not! I mean why they would ask KYC for bounty hunters? They just work for you and getting some coins and usually those coins wouldn't worth anything nowadays. So that means the hunters sends their KYC for nothing!!!
KYC shouldn't really be asked out on bounty hunters yet they are just advertisers and not investors but look on most projects as of now where bounters do really needs to pass it up for you in able to get the coins. Most of the time they would really ask in the end of the bounty where most people
doesn't know about such requirement and you wont really have any choice but to comply for you to earn those tokens you work hard.
KYC means money, KYC means coins! I have witnessed that a scam project has sold their customers/bounty hunters KYC's for money and after that day when i send my KYC i always feel very bad. I think only the big buyers should send the KYC, the small buyers and bounty hunters should not! I mean why they would ask KYC for bounty hunters? They just work for you and getting some coins and usually those coins wouldn't worth anything nowadays. So that means the hunters sends their KYC for nothing!!!
I have previously argued same at same when any ICO asks KYC requirement at the time of distribution, it should be at start, whey they ask mostly at the time of distribution of token, though this is not case with all ICOs, but I have seen such a lot of instances like that where I avoid to fill KYC and in which case, I loose all my tokens which I earned through bounty.
Increasingly, we are witnessing manipulations with the KYS procedure, which spoils the mood of the hunters, and causes some distrust. Probably, from the very beginning it makes sense to ask the manager a question in order to eliminate irritation and not waste time in vain. Now there are many similar projects, choose fair and legitimate projects.
There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.
KaaS (KYC as a Scam) is similar to SaaS (Swap as a Scam) where the companies do not distribute all the tokens they should and do not give any transparency on what they did with the unspent tokens.
There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.
Nope sir. KYC helps the ICO from distributing your share. Because they need a confirmation if your country accepts cryptocurrency.And it really help you if you dont do the KYC and you already invested but your country banned crypto . It helps you to refund your investment so think positive about KYC.
KYC is good to prevent scam. After many scam ICOs in 2018, now many ICOs need KYC to invest and i think its good for increase investor confident. I am believe developers team just want to comply with government regulation
This happened to me recently, a bounty we started without any notice of kyc, as tasks were marked, tokens allocated, project got listed, distribution began, they stopped along the line, that those with higher amount of the tokens must do kyc. This is just not right.
Everything depends on admin types. KYC is good process to safe token value but after successfully complete ICOs, I don't support KYC announcement.
KYC is made for the good of this forum so we must support that step but there is no denying that KYC still has deficiencies and is generally used by fraudsters.but even though it is used by fraudsters that doesn't mean KYC is bad, it's just a bad project.
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