Topic: KYC at end of bounty campaign - page 23. (Read 3299 times)

Its a sad, i am face with this situation.
Usually KYC provides by 3rd party and every time you can see different troubles
I am living in middle east and cant complete KYC because by some European rules my documents cant accept. Its Dramatic

You are absolutely right. Some bounties start without any required KYC but at latter stages they announce that KYC is needed. I always worry when I see KYC.  If they explain this policy when they start bounty, it would be better.

I can guarantee there are many scammers out there already setting up their Cryptocurrency related KYC process based identify theft programs.

It is like shooting fish in a barrel because people are suckers for greedy ventures.

The thing that KYC can help you with scam absolutely wrong. Have you ever heard about Cibus . They raised 5 mil usd and before the token sale people  asked about KYC, and team said there wouldn't be any KYC procedure, but as soon as the ICO was over, there was a notice that at the advice from the lawyers, KYC would be held, and one had to provide documents with registration, make a selfie + confirm registration by a bank statement or utility invoices. Long story short after the ICO they forgot about their ICO and token price go down and now it costs about 500 times cheaper than on the ICO. But that's not all Cibus team asked everyone should send 0.003 ETH for transaction cause they don't have it!! and people paid !! I've never seen something like this. Now people says that Cibus sold ID's to the darknet. Now you can buy authorities, ID's form participants on darknet and prices go down cause they collected a lot of ID's. That's how it works. Now we don't have strict regulation and don't forget that company can do anything with your data. They can sold it to the scammers or hackers. By the way I don't like when companies "remember" about KYC in the end of the company. They know that a lot of participants won't do that and they can steal that money. All this companies will have bad end.

I have no problem with KYC at the end of the campaign, because this is the policy of the project that we following to prevent multiple accounts and they want to know that the participants really match with the identity given, and sometimes also to ensure that the participants of bounty is not a citizen who is prohibited from participating in ICO or bounty.

But sometimes i get annoyed because it is often announced at the end of the bounty that makes me always late to do KYC since i rarely read the bounty thread that I follow due to busy in my job, consequently i often didn't get rewards from that bounty.

How I understood the meaning of the topic is not in the discussion of the KYC procedure itself and its usefulness, but the fact that changing the rules of the bounty campaign at the end is very similar to fraud. Many bounty hunters for various reasons do not want to go through this procedure.

Many bounty hunters do not want to make KYC because so many people use multiple accounts in a bonus campaign. Many cashiers who are worried about joining KYC will cause them to disclose personal information. But KYC makes the ICOs project legal and adds to the safety of the project before the government.

Right now, many companies have introduced this at the end of every ISO, and in my opinion this is not correct, since this market was created to make all operations confidential, and such verifiers would spoil everything

Telling the bounty campaign participants of the complete and clear rules right from the start of the bounty campaigns is a must. It is rather disappointing and even frustrating when at the end of the campaign, which means months have passed already, a new rule is implemented or there is a change of rules. I do not think this is fair. KYC for me is not necessary for bounty hunters.

I wholeheartedly for the introduction of the KYC in all the bounty campaigns as this will get rid of multi-accounts and thereby increase the rewards for honest and conscientiously performing participants.

I think KYC at the end of the company can be aligned with fraud.
As well as changing any company rules after the start.

My opinion is that it harms ICO. What can be the credibility of the project, which deceived the participants of its promo company.

And how to protect the company from bots and multi-accounts? This is still the most effective way in my opinion

I think that it is wrong to announce the passage of KYC at the end of the company. But unfortunately some companies do it this way. I do not think that the company's lawyers will find out about it at the end of the company.

It seems to me that it's about the customers themselves. If they need a detailed report, they ask the KYS. Although it is obvious that the manager is profitable if the participants of the company did their work and did not receive awards because of incorrectly submitted documents.

I have a very negative attitude towards KYC especially when you are a bounty hunter, it can not be attributed to bounty hunters at all, because they only advertise the project in fact they are working for this project, so that more people will know about it, but today a very strange reaction people for this type of activity.

I think its only unfair, bounty managers ought to announce the terms and conditions of the bounty participation at the start not the end so that participants can know what they are getting into.
Some people are private and won't want their personal details out there, so after all the work they won't get paid for their handwork.

This is something that needs to be addressed as regulations are incoming. I am fine with managers asking for KYC but that has to be known prior to the crowdsale. If the people running the crowdsale don't know themselves...that says a lot. In general, I hate KYC but if it was made known prior I would have no problems avoiding that campaign. The surprise at the end can be a bit demoralizing .

it is totally ridiculous. especially the ones that do not inform about it in the beginning are just cheating. they want to keep some more perccentage for them selves. anyway kyc is exactly not matching with cryto world which known as decenttralized and anonymous.

It is certainly very bad when it happens. But you just need to be prepared for this initially. Every day there are more such companies

at least this way can reduce cheaters, because not all bounty using KYC.
the request to verify KYC also not from bounty manager. but from the project developer team that held the ICO's. KYC is important for the team for the legal