Topic: KYC is simply just to cheat bounty hunters. - page 36. (Read 79987 times)
this check should not be in the cryptocurrency market because it is not regulated at all and no one can be sure that your documents will not go any further
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.
I share the same opinion, while I do not like the idea of policies like know your customer if an ico wants to implement those policies then they are completely free to do it if that is what they want, but they need to announce this from the very beginning of the bounty campaign because if they do it at the end after many weeks or months of hard work then there are going to be many bounty hunters unable to claim what it's rightfully theirs.
Indeed, KYC is a headache. Each time the project team comes up with a more complex passage of couscous to confirm the identity, requiring a selfie with a passport, a document confirming the place of residence and the name of the project and even Bank data and other documents. I really don't like it - it's dangerous.
do look less fair. but now, many of which provide relevant information at the beginning of KYC bounty to anticipate accusations of fraud or a scam. however be very careful indeed will be the very thing that is required because the system could also be the KYC beginning of identity theft will happen anyway.
KYC is not there to cheat bounty hunters and definitely not the worth think that could happen to you. The worst thing is when a project cuts the budget from 500k USD to 20k USD and announcing another Bounty round.
However, fraudsters turn everything into deception, for example, scam projects, initially ICOs is not aimed at deception, but unfortunately there are people who are capable of it and by such actions they worsen the situation of cryptocurrencies in the world.
I do not agree with you and I believe that this check should be mandatory because in this way they will not participate in bounty campaigns
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.
The KYC process has recently been associated with numerous attempts by States to introduce regulation of the crypto-currency market and, in particular, ICO.Naturally, governments want to know in whose hands are all the tokens,not only those that were BOUGHT on the ICO.If it has now become a necessity for governments to know all the holders of a particular coin, then where lies the anonymity in crypto. This KYC processes will gradually remove that feature from crypto.
of the percentage of gift projects that need KYC which means sending our complete biodata, but why is there still a lot of fraud when it should be a good project with a good security system to avoid multiple accounts. I as a bounty hunter are very careful in choosing ICO projects that are vulnerable to fraud and in my opinion it is possible to use those who are only part-time workers for their own interests in any way because in the world of technology it is very easy to commit crime. take the positive, not all ICO projects that require KYC are fraud.
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.
The KYC process has recently been associated with numerous attempts by States to introduce regulation of the crypto-currency market and, in particular, ICO.Naturally, governments want to know in whose hands are all the tokens,not only those that were BOUGHT on the ICO.
I only once participated in such a project where KYC verification was reported at the end of the bounty campaign. Of course, there were many opponents of this and outraged users who did the work but didn't get anything, abandoning the KYC. I'm not against the KYC but I'm in favor of being informed at the beginning of the campaign.
I always ask the Manager whether it is necessary to pass KYC, if this procedure is I do not participate in such companies, because it is very difficult to pass the identification
KYC is for investors and if this KYC is applied to the prize program, of course, this will have a positive impact. Using KYC can reduce fraudulent actions committed by certain people. But for each ICO project, the reward program uses KYC. We hope this will be announced at the start of the campaign so we can prepare it.
I do believe on that for a 50 percent only.
KYC is not a good sign for investors, they have no additional security on investors side nor addition marketing for ICO.
KYC is just for the ICO team to ensure that the participants in ICO will not be in the restricted area.
After that, all the personal information is with the team which they can sell in the public.
KYC is not a good sign for investors, they have no additional security on investors side nor addition marketing for ICO.
KYC is just for the ICO team to ensure that the participants in ICO will not be in the restricted area.
After that, all the personal information is with the team which they can sell in the public.
Although KYC filters out those multiple accounts in bounties, I never agreed with KYC because of the fact the it prolongs the process. I am also hesitant to provide my identification and personal details because it can be used for identity theft. It is a big headache if that happens. What I am doing is to know how much I will get and if its worth the risk, I will provide my info for KYC.
All this is done so that the citizens of some states could not get tokens, but that’s why they warn so late about it, it’s not clear. Rather, this is one of the reasons for the passage of kyc.
Never thought about that, maybe ur right, but sometimes projects have to demand bounty hunters to pass KYC or else those cryptos can get in trouble
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.
Thank you for the post, it is quite sad to know we as bounty hunters are not given the accolades we deserve. We toil for these project, day in and day out promoting, marketing and selling these project to the world only to be denied of our hard earned tokens all becauee the bounty manager and the project team decides to run a KYC that was not stated at the initial campaign period. Even after going through the kyc and successfully passing it, they get to increase the tier all so you can fail.
Yes, now there is one hoax. In general, most projects are a complete deception to find something worthwhile is extremely difficult but possible if you know what criteria to look for.
Sometimes in order to pick up your reward you need to go through KYC, and in order to get paid you have to choose whether you will leave your documents to someone or not!
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.
there is a lot of debate for KYC and this will continue to happen as long as bounty hunters don't accept it as well as investors.
but some ico do KYC for the benefit of local state law firms as they say. and there are many other factors
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