Topic: KYC as a Scam - page 15. (Read 22331 times)

       KYC cannot help the project to be successful but rather than it can make doubt to the investor since this will make a quarrel  between ICO team and bounty hunters in the telegram during distribution of tokens .

I'm also feel sick on the rules that there will be no KYC at the beginning of the campaign. That makes me feel worried if my data will be used for doing something bad.

Yeah, I found some bounties like this, they annouce regarding KYV requirement after the bounty has ended not on the beginning of campaign. I know that the bounty team just make bounty hunter hard to deal with it. Of course that coin/token from bounty participate didn't distribute and it will be send to their address, then they just need to stealth document.

  The fact is that I clearly relate to projects with KYC. The point is not that I am afraid to show who I am. The fact is that I do not want to send my data to the scammers.

I really agree with that. Actually, it is only to ensure that the participants do not cheat and are very fair in distribution. the problem of where to bet when someone doesn't get a part because they can't do KYC usually stakes will be accumulated again

For some reason now the KYC system is very crowded, there are some people who use and there are used as an excuse so that they do not pay hunter shares. this is unexpectedly all can indeed be made into action manipulation. it is indeed difficult to find honest people now

Yes, I also agree that KYC must be announced at the beginning of the campaign. Not just because of your reason but also because there are people that are not comfortable sharing their information with other people just for stakes. I think it is unfair that some projects announce KYC in the end of the campaign. And I don't think they don't give the tokens if they don't comply with the requirements.

they are using that strategy because when you failed to comply it the stake will be going to them,i am agree with kyc but in the beginning they must announce it and not by the end.they have the rights to change the rules its true but they take advantage for sometimes.

That you carefully read the conditions for joining the campaign of generosity ICO.

As a lawyer, I can say that the conditions for joining the ICO generosity campaign are in fact one of the types of contracts with so-called implicit, that is, silent actions. The fact that we further fill out their form of accession means that we have agreed to their terms of the contract.

In any contract there are so-called essential terms of the contract, which must always be specified. If at least one of them is not specified, the agreement on the decision of the court may be invalidated. The contract price, that is, the amount payable to bounty hunters, is one of the essential conditions of the contract and must be clearly stated. If it can change, it should be indicated in what cases and by how much. Otherwise, such a contract will be invalid. If in the terms of accession it is only generally indicated that any conditions may be changed, then such a piece of paper cannot be recognized as a contract and will in any case be illegal.

If the contract is made and executed, one of the parties is not entitled to declare additional substantial payment terms that were not previously agreed

In this case, this should be considered an ordinary fraud, and the ICO team should bear the material, and in the case of the intention of such actions, the criminal liability for fraud, that is, the seizure of another's property by deception or abuse of trust.

Any initiative will have its good side and bad side, this also apply to KYC/AML. KYC shows some legality of a project and is  less riskier to invest in a project that requires KYC. Though to some extent, KYC defeat the goal of anonymous decentralized transactions but it is also good for the industry.

Yes I've complained a lot about disappointing bounty managers that force kyc on us at the end of a bounty ,for example ,desico ,before I started desico bounty I personally asked in the bounty channel on telegram and the answer was ' no KYC is required to get paid' and now its a must to get paid ,I think its so unfair either ways I've learnt my lessons

I am also wondering why some of the bounties or i should say that most of the bounties are only asking for KYC after ICO and not from the beginning of the bounty. Maybr that depends on the team of the platform and we cant blame BM for not announcing that immediately since they also rely all the information needed from the team. I guess we dont have a choice but to follow right?

This topic has already been discussed many times, but unfortunately , unscrupulous projects still violate the KYC rules. I wouldn't pass the verification in this case, because serious projects wouldn't change the rules at the end, and frivolous projects don't interest me much.

I advice to be far away from those campaign requiring kyc documents, maybe if 100% sure that project is well organized by known people in each country. But if just no good real background don't be careless giving your private information

       That is very true man and I think there is no problem if it is included in rules so that we can decide if we want to join or not since there's so many ICO which is not requires KYC and still they are successful and they distributed tokens with no too much hassles.

The same here, I don't like doing this KYC, but if I am really interested in this project then I would do it. But I expect also from this project that they do KYD, Know Your Developers, many really trustworthy projects do that last time, I think it's fair!

however you have to do KYC to be able to get tokens from the campaigns you follow. already the terms and policies can change according to the plan, including the last seconds.

this could be a new policy or a deliberate reason to make it difficult for hunter bounties. of course there are many factors that make it.
we all know that we carry it almost entirely ico is currently verifying KYC with all legal matters and manipulation

And I had a sad experience with one project, over a bounty and there was no information about KYC, I did not go and have not looked in a month how it all goes, but then it turned out that they were doing a form for KYC, and those who did not, he lost all tokens.

Actually I do not like doing KYC but if I like the project I will comply on doing it. But, announcing it later on the ICO period is way better than announcing it ahead of time because there are many cheating bounty hunters. Some of them had joined two or more of their account to a single ICO project. Probably this will teach them a lesson for they cannot do KYC on the other account they joined in that project. Good for them to have gone that way.