Topic: KYC to receive bounty rewards. - page 4. (Read 822 times)
They might be asking this because some people are creating multiple profile to participate. Admin is against implementing this on the forum registration.
I still consider it as a FRAUD by their team because they know that if they announce that there is a KYC in bounty participants, nobody will join their campaign. One of the fraud campaign that I talk about is PIKCIOCHAIN. KYC is only for ICO investors and not necessary for campaign participants and if they still insist KYC, they need to post it at the beginning of the campaign. It is a clear deception for the bounty participants and they can also do it to their investors.
In my opinion, KYC policy helps in ensuring the ICO's reputation. Why? Because it wants to make sure that its investors are credible and have clean records. Ofcourse they don't want their project's to have a bad name. I can also see the point of implementing it to promoters however it can be quite hesitating for them. I, myself, belong to the community of bounty hunters and I would not risk my personal info for an unworthy project, even more to a fake project. So to play safe, I'd stay away from projects that require bounty participants to comply on KYC policy. Data breach is a serious matter and i never planned to include my birthdays and place in those.
But in the end, many are not in to the KYC requirements. Most of them are afraid of exposing their identity. This can be used illegally. For a really bad doing, they can even make kidnap your family for ransom if they trance your overall transaction you are using. That's why I'm not joining bounty campaign that requires KYC. 
It seems to me that this is mainly due to the requirements of regulators. Even if these requirements are unspoken
I even don't want to provide my KYC document (government ID, driving license...) to trusted companies such as Facebook or Google. Why you want to provide such that documents to thousands of team/project/ICO in the market. Facebook still cannot protect our data so how these small company can do??
Kyc to receive bounty reward is strategy and scheme of denying bounty hunter their reward. There are many rules and impediment already that will reduce your reward if you are a bit negligent why adding more to it?
yes it is not bad ,KYC aka know your customer is part of the regulation we all be witnessing alot of things happens in the financial world.it is needed!
What we are worried right now one of them is this, passing KYC for the bounty participants.
We know that it is also part of identifying the people included in the project community. But, It's really that I feel worried about the security of my identity so far. I join a bounty and it requires the KYC and then I submit it. yeah, I got the rewards so far and it is legit. Now, what I expect is only the security of my identity is really kept safely, not used in the illegal terms by the irresponsible people over there.
We know that it is also part of identifying the people included in the project community. But, It's really that I feel worried about the security of my identity so far. I join a bounty and it requires the KYC and then I submit it. yeah, I got the rewards so far and it is legit. Now, what I expect is only the security of my identity is really kept safely, not used in the illegal terms by the irresponsible people over there.
I want to say, The use of KYC to claim payments from bounty to me is not too complicated if the terms are not troublesome, I am sure if the identity we provide will not be used in a crime.But now more difficult KYC. And they just say after the bounty ends, that's why many gift hunters do not even know.
yes when i heard kyc i thought its is risky because they can use our credential in the other. so it is some risky because they required to upload some identification card.
In my opinion, KYC policy helps in ensuring the ICO's reputation. Why? Because it wants to make sure that its investors are credible and have clean records. Ofcourse they don't want their project's to have a bad name. I can also see the point of implementing it to promoters however it can be quite hesitating for them. I, myself, belong to the community of bounty hunters and I would not risk my personal info for an unworthy project, even more to a fake project. So to play safe, I'd stay away from projects that require bounty participants to comply on KYC policy. Data breach is a serious matter and i never planned to include my birthdays and place in those.
I don't like that bounty campaign that needs KYC in order to receive your bounty reward, I'm afraid that they use my identity for their illegal activities even they are legit ICO still no for me.
I think that KYC is required for bounty hunters to be needed, for the project this will help the project get no trouble when the government requests to disclose the identity of the first Tokens owners from the project. For other chefs, it is easy to remove the cheater who will reduce the competition and quickly get many tokens.
This will eliminate or lessen the cheater, tho we all know that they can still join as much as they know how to pass the KYC, but at least they will be minimized in numbers since others don't find KYC better.
kyc is good for me. it might lessen the bounty participants due to some users who uses multi accounts on the campaign, it is also to become fair to all users. you dont have to worry about your identity, because the identification you have submitted is on safe hands.
I am also wondering why some ICO are asking bounty hunters to submit KYC even if we are only promoting their project. They are giving their tokens for free or as a payment for your labor promoting their project. KYC for bounty hunters really is dangerous and prone for identity theft but unfortunately, some ICO only announcing it after the ICO. Still, we shall always do our own research with the project first before participating to avoid waste of time.
I just passing by in the Bounties(Altcoins) section to find some good project and participate to one of their campaign and there's one campaign I've visited and asking for KYC in order to receive the bounty reward.
Actually I've seen someone asking in the meta section about the this but I forgot where was it.
Well I will just going to give my opinions about here in the altcoins section because I know most of the participants of the bounty programs are posting here.
KYC (Know Your Customer)
A KYC (Know Your Customer) is used to ensure that the people who're going to invest to a project are qualified for example they have a record about criminality, immigrants, etc. This was used to review the investor and make sure they're credibility and also KYC is used to fight money laundering.
Now let's go back to the topic. I've seen some bounty programs that's asking for KYC documents in order to receive bounty I don't think it's necessary to ask KYC Documents from the bounty participants because:
1. They don't Invest in the project.
2. There's no need to ask for the credibility of the user for promoting their project.
However I've seen some people are still participating in the bounty program, I just want to know you the risk you're about to face when you submit a KYC document to a untrusted project/program:
• They may use your details to fraud.
• You may be accused for something that you didn't do.
• Etc.
Well all in the KYC documents are your personal information and It can be used to different illegal things. But after all it's the decision of the participant if he/she's going to submit KYC or not. I just want to be aware guys that you should be responsible for choosing what program/project you're going to join.
PS. I didn't say that the bounty project that's asking for KYC is scam or any fraud related, I suggest to study the project itself first as well as the team behind that.... and the reason why they need your KYC document for participating in their bounty program.
I agree dude. I really don't like doing KYC since first of all, your information might used for bad doings(like you've mentioned above) Second, It's time consuming, Especially for students like me. I don't have IDs rather that school ID so I ended up using my parents informations which I don't wanna use. Actually I've seen someone asking in the meta section about the this but I forgot where was it.
Well I will just going to give my opinions about here in the altcoins section because I know most of the participants of the bounty programs are posting here.
KYC (Know Your Customer)
A KYC (Know Your Customer) is used to ensure that the people who're going to invest to a project are qualified for example they have a record about criminality, immigrants, etc. This was used to review the investor and make sure they're credibility and also KYC is used to fight money laundering.
Now let's go back to the topic. I've seen some bounty programs that's asking for KYC documents in order to receive bounty I don't think it's necessary to ask KYC Documents from the bounty participants because:
1. They don't Invest in the project.
2. There's no need to ask for the credibility of the user for promoting their project.
However I've seen some people are still participating in the bounty program, I just want to know you the risk you're about to face when you submit a KYC document to a untrusted project/program:
• They may use your details to fraud.
• You may be accused for something that you didn't do.
• Etc.
Well all in the KYC documents are your personal information and It can be used to different illegal things. But after all it's the decision of the participant if he/she's going to submit KYC or not. I just want to be aware guys that you should be responsible for choosing what program/project you're going to join.
PS. I didn't say that the bounty project that's asking for KYC is scam or any fraud related, I suggest to study the project itself first as well as the team behind that.... and the reason why they need your KYC document for participating in their bounty program.
Personally, im not a fan of know your customers projects. I dont liek it to give my data away, especially not scans from my passport. So but if you investing in initial coin offerings, i can understand why they are needing this. So if i invest my money in a initial coin offering, i will make a know your customer process when its needed. But i totally do not understand why i should do a know your customers process when i participate in a bounty campaign? The kyc process are here to safe the project from ilegal stuff. Bountys are free give aways for the tokens, so why there a kyc needed?
I think that KYC is required for bounty hunters to be needed, for the project this will help the project get no trouble when the government requests to disclose the identity of the first Tokens owners from the project. For other chefs, it is easy to remove the cheater who will reduce the competition and quickly get many tokens.
This will eliminate or lessen the cheater, tho we all know that they can still join as much as they know how to pass the KYC, but at least they will be minimized in numbers since others don't find KYC better. I totally agree with this. I know some projects that required its participant to comply on KYC policy and I think its very inappropriate because their job is to promote only. I think its a hassle to both the participant and campaign manager because first and foremost, the participant will risk his/her identity for it and second, verifying each participant's KYC status is tedious for the manager. In my own opinion, KYC policy must only be performed to investors.
know you customer for bounty hunter may not be too important, but the regulation that will determine for clarity, my own if wearing passport is very heavy, because not everyone has pasport
I think KYC can be usefull to limit abusers on bounties is a great way to do so but I really don't like share my data for few bucks. I really hate when managers ask for kyc at the end of the bounty and not at the start.
Yes, I certainly agree with this. Although often join in the bounty system KYC made quite a fuss really is. but I also sometimes like because of course participants with double accounts will be limited by the existence of this. However, it is the real function of the KYC as well I have too get it. that I am afraid of is if the data provided later can be misused.
Jump to: