In defense of projects, I can say that now I very often see what they say at the very beginning of a bounty campaign that I will have to go through the кyc every time I can decide for myself whether he should do it
Recently, quite a lot of bounty companies are demanding to provide personal data, as well as selfies with documents. I have already come to terms with such requirements and there is only one wish left for the project to be really promising and for good reason I present my personal data. 
Topic: KYC is simply just to cheat bounty hunters. - page 53. (Read 80000 times)
In defense of projects, I can say that now I very often see what they say at the very beginning of a bounty campaign that I will have to go through the кyc every time I can decide for myself whether he should do it
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.
Experience that stuff already twice where I join up some bounties which they haven't any rule when it comes to KYC but when the ICO ends they do suddenly change it up and ask out KYC before you can able to withdraw your funds.The thing goes to my mind " What the heck? why we would need to pass such documentation yet we aren't investors on the first place?" Its really a cheat because there would really bounty hunters doesn't really like to comply with that and in result they would save up tokens.
Some campaigns change the rules at the end explaining that they need to conduct a KYC on their bounty hunters. In my opinion, that is just low. If you were gonna do that then make it happen from the start not at the end. But I guess, if there would be a KYC from the start, there would not be as many participants as without it. Usually projects nowadays announce KYC before start.
Well i understand you i also see some projects they will tell kyc will be needed after the bounty ends and bounty hunters of course will not perform kyc.
I began to hesitate to follow the rules, some people said my data was not safe and the company could just sell data like the Facebook case some time ago.I will choose not to provide my data.
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.
KYC is also to prevent having two or more account of a bounty hinter in one campaign. It is okey when it comes to that but it is misused. Some just want to get the information but no intention of paying. Even airdrops now is requiring KYC. What the. Small amount ? Is it worth it ? No.
kyc for bounty hunters has always been a controversy, but I think this is something that is not to be debated. because we know your own needs and abilities, if you have complete and valid data, then you don't need to be afraid and be sure that kyc will be accepted easily. but if we don't like kyc, then we can leave it and look for another project.
in each bounty that he manages, the manager always gives notice at the beginning of the campaign, whether the bounty hunter is required to kyc or not. I do not know what bounty you are following, but I only suggest that you follow the bounties that are managed by trusted managers and have a good reputation.
in each bounty that he manages, the manager always gives notice at the beginning of the campaign, whether the bounty hunter is required to kyc or not. I do not know what bounty you are following, but I only suggest that you follow the bounties that are managed by trusted managers and have a good reputation.
I agree with you rather i would go further and call it fraud and unethical business and marketing approach, sometimes projects do it intentionally so they have to pay less tokens as only 20-40% bounty hunters pass the kyc after the ico and rest do not provide their documents making them disqualified for the reward which is very unfair, there should be some advance solution for kyc if it is forced to bounty hunters.
Well i understand you i also see some projects they will tell kyc will be needed after the bounty ends and bounty hunters of course will not perform kyc.
It is true that bounty requests for KYC are a bit of a hassle and it causes few people to participate in campaigns of such bounty. However, it is also known that the organizers know that their participants do not cheat with multiple accounts
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.
Almost of KYC is simple, every people can pass it !
But sometime , KYC need passports and proof of residence , and I think it's so difficult for so many bounty hunters !
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 main idea of the KYC procedure is to exclude the participation of fraudsters and multi-accounts. Fraudsters and deceivers are not only among investors, but also among bounty hunters 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.
Got it!! I agree. I also didn't know if bounty not required KYC.In the first week bounty isn't required KYC, but in the last week they change the rules and have to pass the KYC. So, I don't participate in 1 bounty. I confused when bounty manger changed their rules at the end of work!
The main problem of kyc in bounty is the team says about kyc after all work done. It is really cheating. I never go through a campaign which asks kyc.
in the meantime many bounties already say whether kyc is necessary or not. to announce it afterward, nevertheless, seems unfair to me. but unfortunately every project has the right to demand kyc, also afterwards.
I agree on your statement, bounty hunters should go through the KYC process at the start of application, in order to avoid redundancy of time at the end of ICO token sale, i mean lets be more practical, many bounty hunters failed the ICO process after the campaing, and they were never paid out of their effort, i hope bounty managers could some something about KYC process.
maybe no longer for now, because now many are required to use passports and proof of residence, and I think that's one of the most complicated difficulties
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.
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.
Jump to: