Topic: KYC for bounty hunters Yes or No - page 7. (Read 664 times)
For me,it depends on the bounty reward. If the amount is too low, I would not risk my personal information just to get a few dollars. Make sure that you already know how much you can get before sending your information to be KYC verified. I like KYC because it limits the number of participants especially on signature campaign. There are people who were using multiple accounts and it is unfair for me and those who were using one account.
I think kyc is good procedure as a whole for maximum transparency to know about each and every holder of the token, while i also agree with the argument that as bounty hunters have not invested any money do they do not fall under this requirement, as one of the main purpose of kyc is to who invested how much in a project so that taxation and regulatory things can be made easy and compliant.
that is the reason that as a condition to be paid, it might be one of the rules that must be obeyed by the developer.
even most bounty participants don't get paid because they don't fill KYC, and that doesn't apply to all existing bounties.
even most bounty participants don't get paid because they don't fill KYC, and that doesn't apply to all existing bounties.
It's for multiple reasons. There are thousands of potential cheaters in bounty campaigns, if you didn't have some way of controlling them (e.g. KYC). Then you would end up giving out most of the allocation to cheaters. Also there are regulations to comply with, some people think that tokens are like equity in a company so you need to perform AML to ensure you're not funding terrorists!
Let's think about it. How is KYC stands for? I think everyone understands that this is knowing your customer. But bounty hunters are not exactly a customer, so what does bounty hunter have to do with this? No, and in general, I think it is against the law.
hy all,
please i m sorry asking this or...
i know that someone else might posted this earlier but i want to confirm why is KYC necessary for bounty hunter?
or do you think KYC is for Investors alone or for both.
but to me i found out that kyc is just for investor because bounty hunters are just to promote the project and make the ico successful so i don't see any reason why kyc should be for bounty hunters.
to me proof of authentication is enough to cover the kyc because most times some people tries to cheat in the bounty campaign by submitting multiple account in a particular project, but the aids of the proof of authentication will help reduce the cheating and the rest.
so now tell me what do you think and what are you ideas?
please i m sorry asking this or...
i know that someone else might posted this earlier but i want to confirm why is KYC necessary for bounty hunter?
or do you think KYC is for Investors alone or for both.
but to me i found out that kyc is just for investor because bounty hunters are just to promote the project and make the ico successful so i don't see any reason why kyc should be for bounty hunters.
to me proof of authentication is enough to cover the kyc because most times some people tries to cheat in the bounty campaign by submitting multiple account in a particular project, but the aids of the proof of authentication will help reduce the cheating and the rest.
so now tell me what do you think and what are you ideas?
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