Topic: KYC for Bounty. Why do it? - page 7. (Read 1233 times)
Most bounty programs require the kyc. They use it most times to confirm the identity of their participants thereby helping to reduce cases of fraud on the part of bouty hunters
Kyc is the best way to stop people doing multiple accounts, there are alot of greedy hunters in crypto space, without kyc hunters will keep flooding bounty spreadsheet with multiple accounts.
You can find out if somebody is abusing the campaign by checking the posts addresses and other things. It's not that hard there are hundreds of exposed cheaters in reputation threads. KYC is not the best way to do it but a lazy way.
You can also cheat KYC with stolen IDs that you can buy online but if you are an honest person you are risking your identity to be revealed in the Internet sold or leaked.
Actually, I've submitted my KYC stuff once before just to get my bounty share. Checked if the project is legit first before sending anything to them. But once they credited my share to my wallet, I sold it to the exchange that they are being listed. I'm not a long term holder of tokens as they tend to decline their value very fast. After selling, there's no looking back. In that way, no regrets whatsoever.
Why do some projects require KYC for bounty? Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs? Are there jurisdictions which would require bounty to have KYC? This is not a token sale after all.
I think that some of the projects that are asking for KYC want to block multiple accounts of people who want to break the rules of the bounty campaigns, But what if the project which asking for KYC is a scam project that wants to collect participants' documents and sell them or for any other reason, Really if these personal document fall into the hands of criminals, this is not good, But how can Project Managers prevent cheating in the bounty?
implicitly, they want us and them self to believe that bounty hunters are the ones who dump the coins' prices, which is it is not true.
who's scammer..?!?
Kyc is the best way to stop people doing multiple accounts, there are alot of greedy hunters in crypto space, without kyc hunters will keep flooding bounty spreadsheet with multiple accounts.
You can find out if somebody is abusing the campaign by checking the posts addresses and other things. It's not that hard there are hundreds of exposed cheaters in reputation threads. KYC is not the best way to do it but a lazy way.
You can also cheat KYC with stolen IDs that you can buy online but if you are an honest person you are risking your identity to be revealed in the Internet sold or leaked.
They have many measurements why they do that. To prevent cheaters and also to comply what does the local gov't requires them to do so. At first, you may think that it's unfair for the hunters to do KYC but it's your choice not to participate if you think that it's unfair.
But IMHO, this isn't worth the identity that you're going to send them because there were issues that identities are being sold on the black market and this can be one source of it.
But IMHO, this isn't worth the identity that you're going to send them because there were issues that identities are being sold on the black market and this can be one source of it.
It is necessary for a project to require kyc. In a situation having a participants cloned your details. I was a victim of someone clone my details the bm disqualifies me, i sent the bm a message and he said a kyc process will prove if i was the owner of the account. In my opinion it's safe for a project to require kyc.
I myself am surprised at this time, even though in the past KYC was completely unnecessary, but now to take part in the bounty, most of them must have kyc even funny requirements, even though the rewards are only counts - tens of dollars are still KYC and now I only choose Bounties that don't do KYC although it's a little difficult to choose it but it's better
I also choose from those projects where it is not necessary to pass KYC. I don't want to go through it. But who thinks if there is KYC, does it guarantee that the project will pay something?
I myself am surprised at this time, even though in the past KYC was completely unnecessary, but now to take part in the bounty, most of them must have kyc even funny requirements, even though the rewards are only counts - tens of dollars are still KYC and now I only choose Bounties that don't do KYC although it's a little difficult to choose it but it's better
Why not do it if it is requirements to have the payment?
If the investors made the KYC then why bounty hunters not?
This is the way that the team secured the safety of them from some people who is a citizen of a restricted country!
If the investors made the KYC then why bounty hunters not?
This is the way that the team secured the safety of them from some people who is a citizen of a restricted country!
Why do some projects require KYC for bounty? Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs? Are there jurisdictions which would require bounty to have KYC? This is not a token sale after all.
Bounty projects can require users undergo KYC for several reason, either it is legal requirement they have to do or it is a way to stop irregularities from bounty participants.
Whatever be the case , I really see no reason why bounty hunters should be subjected to go through kyc, first, they are not participating in the token sales, secondly they are only promoting the project and as such be treated well. They spend their time promoting a project, at the end they deserve being rewarded. Moreover one should be careful over identity theft. Most projects that have paid hugely never requested for kyc from bounty hunters.
Why do some projects require KYC for bounty? Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs? Are there jurisdictions which would require bounty to have KYC? This is not a token sale after all.
For preventing the bounty abuse, bounty managers are preparing the bounty campaign rules strictly. There are fixed token allocated campaigns which look for loyal bounty hunters. Without KYC it becomes a easy to cheat and multiple alt accounts appear one by one on the spreadsheet. Bounty hunters hesitate to pass account verification procedures due to the mentioned reasons, every failed KYC is big plus for the marketing teams of crypto projects. Some CEOs decide to implement AML/KYC in order to show their well planned terms and conditions as a strong team. 
Recently, one guy confessed that he joined in a signature campaign with his 22 high-rank accounts! So, the project goes to verify their real supporters through the KYC! This is not that bad, rather it can help other people to get a better reward! If you don't like the project then avoid doing their KYC proceeding. This is the safe way I feel!
It might be a country restriction or for their company to keep on going.
There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.
I understand the goals of the bounty manager to initially exclude bots and scammers by announcing the KYC at the beginning of the bounty Campaign.But when the managers introduce the KYC before the distribution of tokens, I think this is unfair. This is one way to reject documents and not pay the hunters what they earn.Unfortunately often this happens in successful projects. There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.
It might be a country restriction or for their company to keep on going.
There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.
There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.
KYC implementation is the perfect solution to deal with many cheaters and scammers that wants to use stolen identities or multiple accounts thats why i dont go against KYC but it would have been easy if KYC users data are safe but to me its not,we are in a world where your identity can be easily get stolen
Why do some projects require KYC for bounty? Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs? Are there jurisdictions which would require bounty to have KYC? This is not a token sale after all.
Yes, it is a way to filter out cheaters with multiple accounts. In addition, projects in some countries are required to strictly adhere to AML regulations, so KYC is required for anyone who owns their token, not just investors.
Project team or developers know why they introduce KYC. Bounty managers may sometimes tell them to impose it on bounty hunters, in order to cub cheating, because it will be difficult for one person to use different identities to pass KYC. Although, some people use fake documents to pass KYC which sometimes makes KYC not to be an effective way of reducing bounty cheat.
However, I see no legal backing that compels bounty hunters to do KYC.
However, I see no legal backing that compels bounty hunters to do KYC.
no, I don't like bounty programs asking for KYC if I am an investor that it is ok for bounty hunters I think there is no need for it many lose they reward because of KYC.
Doing kyc for token sale isn't bad, but I really see no reason why there should be kyc for hunters. Hunters are there to promote a project, they work for the company and should get paid. Almost not to exceed bisect, the bounty should be capped that using kyc to cut hunters of.
It's clear the use of KYC for hunters to reduce the fraudulent use of multiple accounts. if someone does not fill KYC the responsibility itself will not get paid, in fact I also do not agree with it but with project regulations certainly would have to be obeyedBounty hunters has a way to avoid getting caught with multiple account, its always easy to submit someone else documents.
The reason for them to also ask KYC is that whoever owns the tokens be bounty hunter or an investors, they should be treated as holders who has to have records. Sooner all of them will compare all these data to filter all those cheaters. Hope not lol
We must obey the existing rules, KYC is the best solution to avoid scammers, because now many bounty participants who are blind can be scammers.
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