Topic: KYC for Bounty. Why do it? - page 9. (Read 1198 times)
It is very good if the KYC requirement reduces the level of fraud among Bounty Hunters. But I would also like to find some ways to solve the problem, when companies cheat the Hunters for Bounty and do not pay remuneration, under the conditions that were originally stated. Bounty hunters are not investors, but people who have done the job and must get paid for their work.
This procedure is often introduced in order to exclude multi accounts. However, in my opinion, finding and excluding such participants is the work of a bounty manager. There is no correlation between the projects that requested the KYC and which are not, regarding their continued success. Therefore, I am often suspicious of projects that introduce this procedure.
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.
There are 2 main reasons for this :1. Not to abuse bounty with other accounts.
2. Some ICOs restrict some countries and KYC is functional in this matter.
If you are against KYC, look for the advantageous ones among the bounties.
KYC for bounty hunter is looking so weird but this is for secure system.
i know many project scam is using KYC for something bad and illegal issue.
sometimes i am afraid to choose bounty campain with KYC but if that bounty is looking right, i don't have a problem with that.
i know many project scam is using KYC for something bad and illegal issue.
sometimes i am afraid to choose bounty campain with KYC but if that bounty is looking right, i don't have a problem with that.
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.
There are 2 main reasons for this :1. Not to abuse bounty with other accounts.
2. Some ICOs restrict some countries and KYC is functional in this matter.
If you are against KYC, look for the advantageous ones among the bounties.
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 it is not necessary if they can check carefully and remove all cheaters. Personal information is very sensitive information because we do not know what they will do with it, so you should keep it secret. 
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.
^ In crypto space that is very common when it comes investment to avoid money laundering and government having a strong regulation regarding that matter because they want a legitimate financial system. KYC is a part of AML or Anti-Money Laundering so that KYC is identifying customer which the meaning is Know Your Customer. Simple, you can avoid KYC implementation and choose those project that did not implement KYC/AML.I agree KYC is a part of AML or Anti-Money Laundering but bounty hunters should not undergo KYC unless they are going to buy a token where they are also bounty hunters, I would like to go for KYC to prove that I am honest in my participation but unfortunately, these ICO's are not regulated, your sensitive information will only end up in the black market.
KYC is one of the procedures to minimize fraud, KYC is implemented in a company or project. both for prize hunters and investors who want to buy tokens in the project. but not all projects implement this system, there are usually projects that do not use the KYC system.
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.
^ In crypto space that is very common when it comes investment to avoid money laundering and government having a strong regulation regarding that matter because they want a legitimate financial system. KYC is a part of AML or Anti-Money Laundering so that KYC is identifying customer which the meaning is Know Your Customer. Simple, you can avoid KYC implementation and choose those project that did not implement KYC/AML. 
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.
This is just my opinion, bounty hunters should not have to undergo KYC, they are not investors and they only get a very small portion of the token, majority of bounty hunters, are only getting $5 to $15 worth of their token, these are bounty hunters coming from social media campaign, because there are too many participants, some campaign reached over 10000 of participants in social media campaign especially if the project is good I used to participate in a Facebook campaign and I only got $10 worth of their token after two months of campaign.
Some claims that it's because of cheating by having multiple accounts, some bounty hunters are caught using multiple accounts, because it's easy to fake credentials, you can even a pay people to lend their credentials, KYC is not a guaranty that bounty hunters will not participate using multiple accounts.
Yes, this is definitely true that why we provide and comply with the KYC as a bounty hunter. As, the project creator self invited to the bounty hunter to promote for it's project through the various mode and it is self benefited by the bounty hunter. So, I think to get the reward which they deserve do not require to fill any KYC.
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.
When it comes to international law the team really need to comply with it, but for the bounty hunters they see it as another kind of scam. Maybe when the bounty campaign launch and the rule of KYC are there you can trust it but after the campaign they will announce the KYC procedure that is the time you need to think twice.
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.
Why not to do it if it is required?
What i dont want is that the team is not telling that they have KYC at the first day of bounty program.
It is normal for the team to ask for KYC so they are safe for the restricted persons of a certain country which is not allowed to acquire the tokens.
For the most part, it is implemented to eliminate the scammers who participate through multiple accounts.
Also, it is used to verify the person's identity and that the person is a genuine being and not a fake identity.
Although this is not so relevant to bounty, KYC is also used in cases where the person is involved in criminal or illegal activities (most often to fight terrorism).
Also, it is used to verify the person's identity and that the person is a genuine being and not a fake identity.
Although this is not so relevant to bounty, KYC is also used in cases where the person is involved in criminal or illegal activities (most often to fight terrorism).
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.
To prevent cheaters using multiple accounts while joining bounty, I have no problem with KYC if the project is legit. They do KYC that means they only want to pay honest bounty hunters...
To sell your personal data in case of bad token sales
LOL
Hate to say, but is true...
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.
To prevent cheaters using multiple accounts while joining bounty, I have no problem with KYC if the project is legit. They do KYC that means they only want to pay honest bounty hunters...
To sell your personal data in case of bad token sales
LOL
Hate to say, but is true...
I think this is their request. We may not participate if you don't want KYC. I think this way will limit many bounty hunters to join multiple accounts. Although not thorough, it is a good way
I myself am still confused, but I think this is related to a regulation only if bounty using KYC is a bit troubling, especially if the data requested is very much and also if we do KYC we don't necessarily reward our bounty equivalent to KYC
maybe this is one solution to prevent forms of fraud that can be done by bounty participants and I think this kyc is not 100% able to successfully prevent such fraud and which is now being questioned by bounty participants, is it safe the kyc data we sent so far to the team the project?
I don't know the reason the project applying KYC for bounty, some people agree but some people not. KYC it is the best way to reduce user with multiple accaunt.
I think KYC needs in giving are caused by several things, one of which is that more and more scammers, second, KYC is also important to support distribution coins in many countries, third, to support project development programs, so KYC is also needed for bounty campaigns.
Jump to: