KYC SHOULD BE STOPPED FOR BOUNTY HUNTERS - page 26.

Zero1One0

full member

Activity: 625

Merit: 125

Quote from: Favouredhart on February 01, 2019, 07:02:32 AM

What is KYC? It means knowing your customer. In KYC some requirements are required such as: Full Name, Residence address, Citizenship, Birth date, Photo of government issued ID (Driver’s License, Passport, ID card),
Social Security number or Tax Identification, Bank Statement, Utility Bill, Photo of bank card .

I honestly think kyc should be stopped for bounty hunters, reason being that we are not buying the token of the project ,rather we are rendering services to create awareness for the project. Which ought to be paid for.

In another view, if a bounty hunter has to go through KYC ,then it should be at the start of the bounty, during registration, if accepted or passed, then you go on with the bounty.

I did a bounty which i passed, and earned some amount of the token, but i failed kyc and my effort was gone just like that, after rendering my services to them by promoting the project. I got really pained.

This is just an example of what is happening.

What do you all really think about kyc for bounty hunters?

There were lots of bounty scammers - creating multiple accounts in one bounty campaign.
These fraudsters are the reason why KYC was needed. The scammers scam the bounty and the bounty hunter community and then dump their tokens once it hits the exchange.

trade2winnn

full member

Activity: 602

Merit: 100

here is a twofold situation, with the help of KYC rotten and vile administrators and project managers, trying to steal from hunters, and to appropriate their honestly earned tokens, more than once faced with such a Vile situation, so I will say one thing is always good, depending on what kind of Managers are behind the project

as9ardia

full member

Activity: 541

Merit: 137

The main reason KYC for bounty hunters is there's a lot of multiplayer on bounty campaign.
I think with KYC for bounty hunters will minimized that case, and I hope in near future KYC also applies to Bounty Manager / Campaign Manager.

saycryptohello

member

Activity: 574

Merit: 11

With the passing of KYC for participants of the bounty, there are often questions, firstly it is not clear why this is needed, and secondly, where are our personal data going?

trobbert

member

Activity: 462

Merit: 10

KYC is something inevitable. Yeah, I am also against KYC for bounty hunters, but you know, it is general procedure and people are aware of it.
I don't know, probably you are somebody which stands crypto to be regulated

ivaf

full member

Activity: 980

Merit: 109

I agree with the author of the topic that there is no need for bounty hunters to go through the KYC procedure. After all, I do not enter into a financial relationship with the project. I just get a reward (gift, bonus) for the work done.
And also I am very concerned about the question of what happens to the data provided by me further. I am not at all sure that a developing (or unsuccessful) project is capable of ensuring the safety of my personal data.

Bittalk12

member

Activity: 434

Merit: 11

I am also against with KYC for bounty hunters because as you mentioned, we are the one who offers service to promote their project and will be paid using their token. I know that KYC is to avoid money laundering but how safe bounty hunters about identity theft? They could just sell our information to someone for extra cash or even use those information to create an account at exchanges to pass their KYC.

ynclksnr321

member

Activity: 280

Merit: 10

From this point of view, you may be right, but for bounty hunter, it is necessary to make an arrangement. or, the work of many people, unfortunately, is wasted.

judeafante

sr. member

Activity: 2254

Merit: 258

There is another thread that KYC should only be for whales only because they are the one that can manipulate the market, and cause disruption, some bounty hunters are only getting $100 of the bounty stakes so why bother getting them to do KYC unless some hidden agenda is on it.

JohnMacZeppelin

full member

Activity: 602

Merit: 101

If you turn your attention and absolutely unhurriedly read that KYC actually has very, very serious dangers, now it seems to me that I would probably choose only the usual conditions of investors that were before, but not KYC as it was There are already many cases of finding documents on the black market.

Capt00

full member

Activity: 938

Merit: 105

KYC is something I can consider as nonsense. As a bounty hunter, I only give service to the ICO and I would not have to be considered as a customer. Even though yes, once you get into a signature campaign you can actually acquire the tokens and use it personally but if that project won't pay you without you being verified, your effort will be gone and that hurts a lot.

pedpedped101

jr. member

Activity: 552

Merit: 1

Formerly, most projects in the crypto space were not asking for kyc. Those who asked were few and they asked at the beginning of the bounty. So if a bounty participant is not comfortable with it, then he will not bother himself to participate.
Also, most bounty hunters are just here to earn for survival, a lot of them do not have the documents needed to pass kyc.

miropp

full member

Activity: 810

Merit: 101

Already a lot of discussions have been created on the topic of KYC for bounty hunters. Opinions are divided. In any case, we will not be able to change this system in any way, so we need to be content with what we have. But if you want to know my opinion, then I don't welcome KYC either.

Alohadance

member

Activity: 378

Merit: 10

Many projects are under government pressure. I think special commission like SEC controls these things. It would be much easier to control all tokens and their supply. As for me, it's not a big trouble to pass KYC

24Kt

member

Activity: 1092

Merit: 67

Quote from: Genemind on February 01, 2019, 07:06:36 AM

I totally agree with that, disclosing personal information is risky. However, some projects or managers are imposing KYC in bounties because some bounty hunters are cheating to get more stakes. This some how avoided bounty hunters from spamming number of accounts in one project. I agree that if ever there's a KYC, this should be announced as early as possible, not when the bounty ends.

Actually, there's advantage of having KYC for bounty hunters. But yeah, they should clearly state that at the very beginning of the program. In that way, the participants know what they are involved in. This kind of requirement also lessen the bounty cheaters. But sometimes, it is really hassle. Submitting your docs to unknown companies just for few bucks? You don't know where your docs ended up to.

shamc

copper member

Activity: 336

Merit: 1

These ICO companies cannot be trusted with our personal data. Imagine sending photos of your passport, selfies with your driving licenses, utility bills, and anything else they ask for. They could sell it on the dark web and your ID will be used to open bank accounts, take out loans, crime, buying drugs, and anything else

Corer

jr. member

Activity: 210

Merit: 1

StableDex | Decentralized, Secure & Cost Effective

KYC to me is not necessary for bounty hunters but if there is need for me to undergo KYC in other to claim my tokens then so be it but can only do it for a very good project

baeva2

member

Activity: 728

Merit: 10

I totally agree with you- the KYC should be stopped for bounty hunters. I'm thinking, that this data is being used for fraudulent purposes. Many projects do not say at the beginning of the bounty company that you will need to take the KYC , and on some projects, even after you pass the KYC you do not give the earned reward.

Uju4real

copper member

Activity: 349

Merit: 0

📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

For starters I don't understand the need for KYC for bounty hunters. I haven't been a fan of KYC infact I always stay very far away from any project that requires it

Sanford

jr. member

Activity: 462

Merit: 1

Yes, anyway, this is a confirmation of identity. If they start to pay humanly. I am ready to go through it 10 times. But the problem is. That there are no payments with and without confirmation. So why do we need to once again give their data.

Topic: KYC SHOULD BE STOPPED FOR BOUNTY HUNTERS - page 26. (Read 56021 times)