KYC Requirement for Bounty Managers before they require KYC to bounty hunters. - page 10.

janggernaut

legendary

Activity: 2366

Merit: 1130

Quote from: r_delossa on June 12, 2019, 12:17:17 PM

I cannot understand this as well, because some projects require KYC only for bounty participants, however investors could stay anonymous. This is just silly, because such teams want to share smaller rewards with their bounty participants.

Before they asked their bounty participants to do KYC, they already did that on their investors. Investors should be do KYC before they buying their token during ICO, so there is no any of their investors who stay anonymous.
Yea, but my advice just stay away from any project which require you to do KYC, because you don't know what will they do with your information

r_delossa

member

Activity: 490

Merit: 10

I cannot understand this as well, because some projects require KYC only for bounty participants, however investors could stay anonymous. This is just silly, because such teams want to share smaller rewards with their bounty participants.

H1N1

full member

Activity: 812

Merit: 100

Well, i think it is not necessary to requiring KYC for bounty manager, if they are a trusted manager here in this forum.
The one we must verify is not only the bounty manager, but the ICO as well whether they real or fraud.
Participating in a fraud ICO bounty is same as wasting your time and efforts for nothing.

blackhawkeye1912

sr. member

Activity: 784

Merit: 250

First of all, I don't like the idea of KYC in both situations. But i case bounty managers asking for KYC in bounty hunters, this is a great idea to ask for their KYC also especially knowing that there are not so good bounty managers. This I think would be fair.

Docbee

full member

Activity: 822

Merit: 100

Bounty manager is not at fault but project team, bounty manager can't mandate kyc for bounty participants, the team must have requested for it through the manager.
If this will be required from the bounty then the team should start doing a public kyc before requesting money from ico participants.

cryptonight9631

copper member

Activity: 140

Merit: 1

CryptoMarketAds

Even though that it may seem so unfair because like you said that we are not investors, but we respect what the bounty manager requires us to do. Because we also are considered as a token holder. And some of the bounty hunters are making some multiple accounts in order to cheat, so KYC was very helpful on that part.

Mikcik

sr. member

Activity: 742

Merit: 250

Quote from: Cryptomom888 on April 16, 2019, 01:46:14 AM

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

How do they know that you are not cheating on their bounty. Because so many people have done so to earn money from bounty

Roukawa

member

Activity: 546

Merit: 10

I assume all bounty managers already presented some docs to the project team before they handle their bounty programs, no team will let someone unknown to them handle their bounty programs and email addresses of the participants. If you mean you want the bounty manager be known personally to the participants, there's a problem there, he will receive lots of personal messages in social medias trying to make up for something or to get special treatment from him,

bitcoinst

hero member

Activity: 1708

Merit: 651

SmartFi - EARN, LEND & TRADE

If you delve into the details, it is not the bounty managers that require verification, but projects for which they work. If you want equality, demand it from the developers.

Gabmot

member

Activity: 686

Merit: 11

Exactly my fear.. Why do they have to get us go through that is actually frustrating for crying out loud. It's even fair with bounty campaigns that have it clearly stated out from the inception, so anyone not comfortable would have opted not joining. In sharp contrast to this are those who at the very end will start telling faithful bounty supporters there is a mandatory kyc for rewards payment.

mazdafunsun

full member

Activity: 490

Merit: 123

This always have been a subject which have induced much discussion in community.
You have a good point but consider if the token is a subject to laws that require all holders to be identified ,then it doe snot matter if you are a investor or not.

sky_Gritzz

full member

Activity: 402

Merit: 101

Quote from: Cryptomom888 on April 16, 2019, 01:46:14 AM

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

one problem for bounty hunter is they can cheating the campaign by using multi account or spamming the campaign that's why BM need KYC for hunter.

like i agree with you Bounty manager is need to submit kyc to developer, but as i can see BM from some bounty management service is trusted, that's why i never suspect them if it from trusted manager

r_delossa

member

Activity: 490

Merit: 10

I believe that if bounty hunters are required to do KYC, investors must do it as well. Otherwise it makes absolutely no sense, and I agree with you that if one party should do KYC, all other involved parties must do the same.

fvb

member

Activity: 1470

Merit: 13

Quote from: rachman mahesa on May 15, 2019, 05:32:49 PM

Most are true, that bounty hunters don't like this. Because sometimes KYC is also complicated by those who do it. That's why most bounty hunters don't like that. But actually we as bounty hunters cannot do anything unless we have to get the token. If not we will lose what we did, so look for a bounty that doesn't do kyc. And ask the project group before participating.

It is clear that it is better to look for projects without KYC, but the rules of the companies always say that they can change them at their discretion. Already several times faced with this on personal experience.

Folajuwon56

copper member

Activity: 462

Merit: 1

As a bounty hunter, personally I hate the idea of this KYC of a thing, but saying bounty managers should also submit KYC is a bit complicated because I don't know who they are going to submit to.

nightl

member

Activity: 686

Merit: 12

Quote from: Kemileye on May 15, 2019, 04:09:22 PM

I really don't see any meaning in the KYC requirement. KYC requirement to me is like a waste of precious because these ICOs are not regulated by any authority but they do claim that they already got license from a particular country ministry of finance or whatever but in actually sense they are all liars and the KYCs they request doesn't go anywhere.

1. to sell fresh scans on the black market
2. as few people as possible pay the bounty remaining to sell or distribute to themselves.
3. just because they can
4. no one knows the law and ithey afraid that they will not be go in jail

rachman mahesa

full member

Activity: 966

Merit: 111

Most are true, that bounty hunters don't like this. Because sometimes KYC is also complicated by those who do it. That's why most bounty hunters don't like that. But actually we as bounty hunters cannot do anything unless we have to get the token. If not we will lose what we did, so look for a bounty that doesn't do kyc. And ask the project group before participating.

Kemileye

member

Activity: 573

Merit: 11

I really don't see any meaning in the KYC requirement. KYC requirement to me is like a waste of precious because these ICOs are not regulated by any authority but they do claim that they already got license from a particular country ministry of finance or whatever but in actually sense they are all liars and the KYCs they request doesn't go anywhere.

zikzag

member

Activity: 588

Merit: 10

Minter

Bounty hunters are paid such ridiculous sums for bounty that they do not need to undergo KYC. I do not understand why they should spend so much time checking KYC at hunters.

Wittny

jr. member

Activity: 184

Merit: 1

Kyc is not a good idea, I don't see it as something that should be made compulsory for hunters to claim their bounty rewards, I see as a way of denying hunters their reward, so it should be stopped

Topic: KYC Requirement for Bounty Managers before they require KYC to bounty hunters. - page 10. (Read 10189 times)