Topic: KYC is simply just to cheat bounty hunters. - page 20. (Read 79998 times)
I dont agree with this opinion. I always do my KYC to promising and trusted projects not everyone of course. If they dont make KYC some of them may make multi etc..
I am really in support of this, kyc should be for investors and not bounty hunter, this is because bounty hunters render services which ought to be paid for and not meant to go through KYC which they could either fail or pass after rendering services.
I do not agree, if the bounty company from the beginning warned about the need for KYC is very often the company is successful. Eliminated a lot of scams from the forum. And a lot of them. And even if they have fake documents, they often ask to take a selfie with the project name and date. I'm just happy about the procedure.
I agree, a lot of bots that are often engaged in fraud , I think now is if you choose a bounty only with kyc, so most of the projects are successful
You know, the hardest KYC I've seen was in datablockchain bounty. Those moved from token to equity base and as a result they require having special tax form, what is difficult. I predict nobody will pass that kind of KYC
yes right, the fact is that we are only used to deceive bounty hunters. I was very disappointed, they should have told the Kyc at the beginning not at the end of the ico period.
I do not agree, if the bounty company from the beginning warned about the need for KYC is very often the company is successful. Eliminated a lot of scams from the forum. And a lot of them. And even if they have fake documents, they often ask to take a selfie with the project name and date. I'm just happy about the procedure.
Completely agree with you guys. In all tokens sale I've been to I don't remember using KYC, only if in Envion and they failed anyways... bad luck duh.. Either on DexAge which I'm into now or Exscudo I didn't have to do that. I think KYC is more to regulatory work but also it depends why and for what it is used for at the first place but still as stated I don't consider it necessary.
Of late, most of the bounty threads will state it boldly that "No KYC for bounty participants" and those are the bounties I join.
I saw a thread discussing the sale of personal data obtained from Kyc. and because of this I think we are a failure of crypto. see easily our personal data traded on darkweb is very disappointing. so I thought that for bounties or investors like bad. I support cryptocurrency as before where anonymity was everything.
I don't think it's cheating because a lot of people cheat at bounty companies and do work with a lot of accounts. Therefore, the project management and makes KYC even for the bounty.
I don't think so. rather, here many projects just want to latch themselves from the laws of their country, only in this I see the reason for the procedure. There may still be a check for bots, but the main reason I think is still a necessity due to legislation.
KYC is really meant to restrict the people from the country who are restricted by their country from participating on ICO Investments so that is not really to cheat the bounty Hunters but they can do this as a strategy for not paying any rewards it's your wish to join on the bounties which needed KYC.
KYC is intended to limit the participation of US and Chinese citizens in ICO projects. However, participation means direct investment in ICO projects, since the governments of these countries are afraid that their citizens may suffer material damage as a result of investing in these too risky ICO projects. Bounty hunters are not investors and should not be tested by KYC. Such a check for bounty hunters is illegal. However, the ICO teams are now massively abusing this right and use the KYC check so that, under any pretext after the ICO, they don’t pay the bounty hunters for bounty hunters.
I don't think it's cheating because a lot of people cheat at bounty companies and do work with a lot of accounts. Therefore, the project management and makes KYC even for the bounty.
The thing is every bounty hunters want to earn big using multiple accounts for bounty, but kyc is the most and majority problem they face doing it, so their major enemies are the bounty managers who who introduced kyc at the end sage of any bounty campaign
If you don't want to do KYC you always can find ICO without it.
For example I just read whitepaper (DexAge - decentralized exchange platform), nothing about KYC in WP but maybe they will implement KYC in future.
For example I just read whitepaper (DexAge - decentralized exchange platform), nothing about KYC in WP but maybe they will implement KYC in future.
doing kyc can be a paid as no one wants to share personal data to anyone across internet...picking project without kyc can be a good choice but not the smartest.
KYC can only be used in the airdrop system of well-known coins. Otherwise, KYC in other systems is meaningless. Especially if the ICO project needs KYC, then obviously this project will not be successful. No one wants to expose themselves.
In my opinion, KYC for investors is very important because they invest. Whereas for prize hunters who carry out the Prize campaign and are required for KYC, in my opinion, it is not very important. And now many people are disappointed because they did not graduate from KYC. It is better to look for a Bounty project that does not use KYC.
I think KYC only postponed the distribution of tokens for bounty because bounties that require KYC to be distributed token after 1-2 months after the KYC filling process is closed, I recommend filling out the KYC for a good ICO project instead of the ICO indicated a scam
For hope not all bounty hunters for sure getting a move to cheat in a bounty and need kyc to make sure they have 1 account 1user but i for me the number of participants and always checking 1by1 account in the spreadsheet is enough for me to make sure they are cheating.
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
Bounty manager have control of the rules, they can change the rules up to them anytime.
You should avoid this kind of bounty from the beginning to avoid changes on rules, or even changes on the rewards.
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