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.
Yes, the ICO teams are now just cheating bounty hunters, and they cheat more than once. The first time is when we are forced to undergo a KYC audit, although we should not undergo it because we are not investors in these ICO projects. And the second time, if they declare such a KYC check only at the end of the ICO or even after it is completed. The KYC check at the end of the ICO is clearly aimed at preventing certain part of the bounty hunters from paying out the tokens they have earned. 
Topic: KYC is simply just to cheat bounty hunters. - page 45. (Read 80000 times)
well, some bounties which i have been in and some managers clearly states it that kyc is needed or not. whereas kyc is not only meant for purchasers but for every token holder which are seen as a purchaser in one way or the other
many within this KYC informed at the beginning of the bounty because of many complaints about decisions of the KYC sudden at the end of the bounty. This may feel awkward because even indeed a bounty hunter simply doing chores or work rather than make a purchase. but it's also good enough to reduce the double account that follows the bounty on this forum. with the presence of KYC will be able to narrow down their space.
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 agree with this, if a bounty campaign wants to implement KYC then that is their right but they need advertise this from the beginning while I cannot prove it, it seems to me that the ico owners are using this as a way to try to get as many bounty hunters as possible to promote their campaign and then they can use the excuse of KYC to avoid paying their tokens to most of them.
I don't totally agree with that because I have witnessed instances where people use as much as 100 accounts to participate in a single bounty. Kyc helps to fish out most of the multiple account abusers.
if want cryptocurrency to become real money it should be legal. that is why most of good projects use KYC procedure for all token holders.
but not the only good projects use KYC procedure but and scam ones. and most of users can't recognize the bad or good project and give their data to scammers.
I never understood why bounty hunters are required to pass KYC. Why would a person who does not invest anything, but simply performs simple actions to promote the project, send their documents. He has to do it only at will. To warn about the KYC procedure is necessary at the beginning to bounty hunter decided whether he should pass it 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.
I am also not agree about kyc requirements participating as bounty hunter
But the rules is rules we need to follow the rules of campaign
If you don't like kyc do not participate project requiring kyc
There are many ico bounty project not requiring kyc
Well if I understand the concept of crypto very it's all about anonymity by Satoshi Nakamoto but due to the Anti money laundering law (AML) Kyc is introduced for investors but the moment project's team insisting bounty hunters to do Kyc is something that's fishy, most of them do it to avoid paying bounties because they introduce it after the bounty campaign which is a mean to scam bounty hunters of their rewards.. I hope the cheating bounty managers stop this
I always also do not understand why KYC is also applied to bounty hunters. What hurts me most is before the start of the bounty, most bounty managers will not let you know until the bounty is done and all you will hear is bla bla bla. This is not fair as in my view KYC must be only for investors only.
KYC for bounty hunters is just a way of cheating bounties hunter, even if there should be a KYC, it's should not be a long procedure which we normally do after bounty work.
I totally agree with you. And besides, they can keep the coins for themselves, and not just deceive the bounty hunter. And they themselves explain all this with some kind of legislation. And the author of the topic is completely right.
KYC for bounty hunters is just a way of cheating bounties hunter, even if there should be a KYC, it's should not be a long procedure which we normally do after bounty work.
It is one of the discouraging parts of joining bounty campaigns. Like earlier stated by the poster the bounty managers and project devs should always state it clearly right from the begining of the campaign so as to make sure that bounty hunters are fully informed of the joining requirement and terms of service before they decide to join the campaign. If KYC will be required then it must be stated from the beginning.
From the very start ask your bounty manager if the rules are already firm and final.
But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.
But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.
Agree, it's the final rule!
But on the other hand, why need KYC for a bounty program? I cannot see the point.
Thank you for the explanation. So the point is about greediness. Use KYC to set the barrier for those cheating hunters.
You are right, companies must announce the passage of KYC in advance, but the fact is that if you refuse to pass KYC you will not receive your tokens, so sometimes it is necessary to collect your reward!
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.
You are very right. The ICO or the bounty managers have not been fair to bounty hunters. Sometimes it is as if the bounty hunters are at their mercy. Why on earth should they change the rules in the middle of the game by not specifying KYC requirement from the beginning of the campaign, only to now make it mandatory to claim your hard earned reward of over 4 months or even 6 months. 
Before taking part in any company, you should check with the team whether they are going to conduct KYC or not. If you are afraid to provide your data, it is better to bypass this project at once. Another thing when you know about it only at the end of the campaign. Such projects can be called scams
It really depends on the outcome of the KYC or the rules about passing the KYC, I believe that KYC was introduced to reward good bounty hunters who have put so much hard work to promote the project but I understand the point you are trying to make, most times the ICO team short the bounty hunters tokens in the name of KYC because most people won't pass the KYC, instead of distributing tokens of those who did not pass the KYC among the bounty hunters that passed KYC, they will keep the tokens.
From the very start ask your bounty manager if the rules are already firm and final.
But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.
But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.
Agree, it's the final rule!
But on the other hand, why need KYC for a bounty program? I cannot see the point.
if want cryptocurrency to become real money it should be legal. that is why most of good projects use KYC procedure for all token holders.
Jump to: