Topic: KYC as a Scam - page 6. (Read 22333 times)
I've learned this the hard way,in the past I joined bounty that doesn't request for KYC and I even Contact the team on telegram channel to be sure so after the bounty ends and waiting patiently for my stakes reward KYC was announced ,shit happens in crypto space and now I don't bother to risk my time ,I have always choose carefully now
i don't have any concerns about KYC. so at least if the business reaches high amounts.
for a few usd, nobody will like to go through a KYC process.
but like everywhere else, there are black sheep at the KYC suppliers.
for a few usd, nobody will like to go through a KYC process.
but like everywhere else, there are black sheep at the KYC suppliers.
If the bounty branch does not contain information about the need to undergo the KYC procedure, then you must know about it in the chat. I also had that this was reported at the end of the bounty company and I was unable to pass this procedure. These teams are clearly engaged in fraud.
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.
if they collect KYC at the end of the campaign it means they are afraid that hunters will sell tokens on a large scale to reduce the participants who get their tokens, they tell us to do KYC. But of course we will not agree with such a project. 
there are many projects that started without KYC need and now requires KYC:.this is not fair and I really hate doing KYC not using third apps like CIVI or ONFIDO..
A project that needs a KYC must be notified beforehand, but a lot of things happen in the process of developing a cryptocurrency project, so they ask for a copy of KYC in the middle of the road, it's also legitimate because they want their project in line. with their expectations so that KYC is needed so in my opinion, it's not a Scam.
I can not say that if the developers ask KYC-the project necessarily scam.But in any case, I do not understand why bounty hunters have to do KYC. And I am sure that this procedure should be discussed at the beginning.The shares of those who refused to undergo the procedure are taken by the developers (although I heard there were cases when the shares were divided into all participants).
The KYC procedure is introduced so that bots are not participating in the campaign and there are no multi accounts. this is correct, but I think that the procedure should be assigned at the beginning of the campaignbe understandable but some teams only change this requirements when the campaign is already in the middle somewhen the distributions is already
coming, clear rules gives different perceptions.
I can not say that if the developers ask KYC-the project necessarily scam.But in any case, I do not understand why bounty hunters have to do KYC. And I am sure that this procedure should be discussed at the beginning.The shares of those who refused to undergo the procedure are taken by the developers (although I heard there were cases when the shares were divided into all participants).
The KYC procedure is introduced so that bots are not participating in the campaign and there are no multi accounts. this is correct, but I think that the procedure should be assigned at the beginning of the campaign 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.
That's the bad side effect actually, some of the ico campaign became unfair to their bounty participants.
In the first place they've became not transparent to their rules especially to their community as well.
Regarding about the bounty hunters fail to submit KYC their stakes will goes to the Bounty manager of course.
although, I don't know how He going to do it but I am sure He has a capability to do it.
It should be like that, if the ICO project that requires the right KYC is announced from the start. not in the middle or end of the campaign, there is only notification about KYC. this is where someone who participates in the ICO project must be vigilant and cautious about fraud. here we have to really research the project, and make sure this is a real and good project.
Well 90% of the ICO will state it from the start of the campaign even at bounty campaigns. I don't think that the ICO is a scam if they want to conduct a Knowing Your Customer policy at the middle or end of the campaign, maybe they just noticed something wrong about the investors or so, but i believe it is not.
It should be like that, if the ICO project that requires the right KYC is announced from the start. not in the middle or end of the campaign, there is only notification about KYC. this is where someone who participates in the ICO project must be vigilant and cautious about fraud. here we have to really research the project, and make sure this is a real and good project.
I can not say that if the developers ask KYC-the project necessarily scam.But in any case, I do not understand why bounty hunters have to do KYC. And I am sure that this procedure should be discussed at the beginning.The shares of those who refused to undergo the procedure are taken by the developers (although I heard there were cases when the shares were divided into all participants).
This is not always a scam, but we cannot be sure that our ID will not be sold.
yes , I agree with you that they should announce it since the bounty hunters join because there are some people they will not go back to reread the rules of that bounty
You have to be highly cautious before giving away your identity and passport to any so called ICOs as it may be a serious threat to you, your identity and your country. There are several cases of faked identities and identities sold over deepweb. Be sure your risk is worth when investing in a KYC compulsion token.
I have seen genuine projects asked for kyc and i was not reluctant to get it done, because i trusted them and i know the right motive behind it. He same is the project whose signature i am wearing. The kyc has already been announced from the onset.
There is a reason for them to mandatory kyc they don't want multi accounts. Some ICO's are abusing it I get it you can want kyc for a signature campaign but for a social media campaign i don't get it. It is kinda more than necessary
Yes, multi-accounts can be reduced by using Kyc. They try to eliminate participants who cheat because even though it has been written the rules cannot be multiple accounts but many violate them.
i doubt taht it is ascam as ther zre a lot of good things that it brings to is and we must he happy to have such a wonderfil system
There is a reason for them to mandatory kyc they don't want multi accounts. Some ICO's are abusing it I get it you can want kyc for a signature campaign but for a social media campaign i don't get it. It is kinda more than necessary
Yes, in those projects in which I participated there were such moments. Admins thus want to weed out the bountists, so as not to pay, as many simply will not notice or will miss this news!
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