Solutions to KYC complain of some Bounty Hunters - page 5.

upsidedown75

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Quote from: akungagal on April 09, 2019, 10:12:41 PM

Quote from: Dobolen on April 09, 2019, 07:57:28 PM

Maybe what really regrets is when I have done the KYC process. And then I got the token they promised. However, the project was unsuccessful and many of them reasoned. This is what I regret about the ICO project and this might be my fault for not being careful when choosing the ICO project.

yeah, i also regret the same thing as you.
that is why i am currently too careful in KYC, i really need to pay attention to where the project comes from and what the goals are.

i don't want the same mistake to happen again.

It can really be painful, many of us are being careful in the way we display our vital information to the public, and it can be very annoying after picking up the courage to trust a project and then submit the KYC requirements, only to later hear that the project was not successful, which means one will no longer have any information or trace to the project that has ones KYC and they might use it probably for an ulterior motive since the information is stored permanently in their database and like you said, we need to be very picky when it comes to investing in these projects for security and safety purpose.

Debonaire217

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In Code We Trust

Quote from: cryptoaddictchie on April 02, 2019, 01:44:54 AM

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

In the world of technology and Artificial Intelligence domination on the main line internet, I think utilizing KYC procedure is a one step precautionary measures as to very us, basically who knows what people can do today? we doesn't know if a technology just enrolling enormous amount of accounts. That will be dangerous. So what we need to do is to comply.

cryptogeek101

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Quote from: cryptoaddictchie on April 02, 2019, 01:44:54 AM

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

I think you advise about KYC participation is quite amazing and I really appreciate your efforts,for me I don't like the idea of KYC from the beginning because it negate the concept of decentralization which the blockchain technology is all about

Redemption59

member

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Its very simple, if you're a bounty hunter as me and through research you find any promising bounty which comes with KYC and you think because of KYC you can't do it, that is your own decision. So decide whether to do a KYC bounty or not and stop the complains.

sandra_x

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Often times, the project that request for kyc (even from Bounty hunters) are not only as a result of fiats but to also make sure some countries with restrictions on ICOs do not participate and thereby avoid possible sanctions or legal battles in the future as regard this.it is more like being on the safer side

smyslov

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Quote from: cryptoaddictchie on April 02, 2019, 01:44:54 AM

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

Problem with point number one is they do not tell you right away if there is a KYC or not, they just tell it, after the bounty was finished and they are processing the distribution, so even if you are not into KYC you are obliged to do so, because you will lose the stakes that you've worked with for so many months.

fullhdpixel

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Quote from: Malsetid on April 09, 2019, 09:54:41 AM

The thing is, how do you even make sure that your data is secured? These are projects that hasn't proven anything yet, and even those that seem to have legitimate whitepapers sometimes end up as fraud. I think the best solution is to just move to a different bounty campaign if you don't feel comfortable about it's kyc policy.

In trying to avoid KYC, we need to also be careful not to allow fraudsters take advantage of our fear in helping them promote their projects by producing projects without KYC.

Most of these projects have their website and most information that are submitted are via website and once a site installs SSL certificate on their website that automatically protect user’s sensitive information, I think this is enough to guarantee us of the safety of our information, but we need to avoid any website that is not making use of SSL, it means they totally disregard and don’t have the privacy interest of the users at heart.

Ezenwanyi

copper member

Activity: 336

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I know that one can pay another to do kyc for one .
But it's a risky game.
Besides, the best solution Will be to exempt bounty hunters whose rewards are not up to $500 worth of the token from kyc processes.

Migranet

copper member

Activity: 84

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Quote from: BitcoinHodler on April 02, 2019, 04:39:59 AM

unfortunately there is no solution to something that is seriously flawed. there shouldn't be any KYC for any of the bounty hunters in first place specially since they are not really participating in the fund raising and they are only "workers" that are supposed to be paid for their time that they waste advertising these crappy projects to other users.

Isn't the purpose of KYC for bounty hunters to ensure hunters are not using bots and creating multiple accounts?

Evrolina

jr. member

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It might be very difficult to get someone to do KYC for you,instead i better stay away from campaigns asking for KYC.Giving away vital information just for reward can be very dangerous.

Fedrey

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Quote from: akungagal on April 09, 2019, 10:12:41 PM

Quote from: Dobolen on April 09, 2019, 07:57:28 PM

Maybe what really regrets is when I have done the KYC process. And then I got the token they promised. However, the project was unsuccessful and many of them reasoned. This is what I regret about the ICO project and this might be my fault for not being careful when choosing the ICO project.

yeah, i also regret the same thing as you.
that is why i am currently too careful in KYC, i really need to pay attention to where the project comes from and what the goals are.

i don't want the same mistake to happen again.

if we analyze all those bounty companies from which I participated, then almost all the companies that demanded passport data turned out to be very bad in terms of remuneration. By That is why I am not very good at kyc.

Balzhi

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South Park

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Quote from: fortelen on April 07, 2019, 07:46:00 PM

I think there are now a number of projects that from the beginning told us that this project was using KYC. And of course, things like this have become your decision. If you want to join, of course, you have to be ready with KYC. In my opinion, KYC is not a problem as long as the project has good potential.

Even if I dislike know your customer policies if the project tells its participants that they are going to apply those policies from the beginning then it is your choice whether or not you choose to join them, but there are many projects that assure their participants that they will not ask for any personal information only to change the rules at the end, and that is very unfair to those that supported the project and now need to give out their information to get their tokens, in that case the developers are obviously doing that because they know that not everyone will share their information and then they can avoid paying them.

akungagal

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Quote from: Dobolen on April 09, 2019, 07:57:28 PM

Maybe what really regrets is when I have done the KYC process. And then I got the token they promised. However, the project was unsuccessful and many of them reasoned. This is what I regret about the ICO project and this might be my fault for not being careful when choosing the ICO project.

yeah, i also regret the same thing as you.
that is why i am currently too careful in KYC, i really need to pay attention to where the project comes from and what the goals are.

i don't want the same mistake to happen again.

stefany101

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Quote from: cryptoaddictchie on April 02, 2019, 01:44:54 AM

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

Yes it is ! If bounty hunters are afraid of verifying their identity during the bounty period then all they need to is not to join with those bounties which requires KYC, so that they are not be triggered.
It is really for of cheating because we are the ones who join the bounty campaign and not other people. It is better for us bounty hunters to do it in our own so that we will have no issues on receiving our bounty rewards.

martina14

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Quote from: cryptoaddictchie on April 02, 2019, 01:44:54 AM

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

Quote

Owners and managers have the rights to apply new rules, change rules and do any other reasonable changes if necessary.(including payment amount and structure.)

This is the problem, most thread in bounties have this which the ICO team and the manager can change the allocation and sometimes the rules which they can tell people to do KYC at the end of bounties.

What you will do if you stayed in the campaign for 2 months and you need to do KYC to have it?

biskitop

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the most is airdrop, for bounty campaigns, there are still many who don't require kyc. it seems like more to the free gift and do not want a double account to receive donations.

Dobolen

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Maybe what really regrets is when I have done the KYC process. And then I got the token they promised. However, the project was unsuccessful and many of them reasoned. This is what I regret about the ICO project and this might be my fault for not being careful when choosing the ICO project.

cryptowolfsu

member

Activity: 476

Merit: 10

For those who are not willing to reveal their private data the solution could be to sell their stakes.
There are bounty platforms where you can sell your weekly stakes for ETH immediately like on the exchange.
Other hunters who are willing to undergo the KYC process or seven some investors could buy it cheaper
and that would be a win - win solution.

Malsetid

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Quote from: Spaffin on April 09, 2019, 01:46:47 AM

Quote from: Vaculin on April 07, 2019, 07:47:43 PM

Quote from: prayogi on April 07, 2019, 07:42:06 PM

there are many bounty hunters who disagree with KYC, maybe some of them use multiple accounts, so that makes it difficult for them to follow the bounty, I don't mind the existence of KYC if the project is good and guarantees data security, if the bounty hunter doesn't want to fill the KYC for bounties, look for bounty that don't require KYC

Yes. You're right. There are also good bounties that demand KYC nowadays and if you trust the project, then you should comply with the KYC. But on the other hand, if you don't want to support their KYC system, find another bounties that will not require KYC anymore.

For the time being, a big problem for bounty hunters is that the ICO teams at first hush up or even deny the possibility of passing a KYC check for bounty hunters. However, by the end of the ICO, they declare that they have changed their mind and we need to undergo a KYC check. This is quite similar to fraud, given that the task of such verification is to prevent the laundering of dirty money and fight against the financing of terrorism, and since bounty hunters do not invest in ICO projects, they should not be tested by KYC. Thanks to the KYC check, which does not have a predetermined form of its passage in advance, the ICO teams have good opportunities for any far-fetched reasons not to pay the tokens bounty hunters.

The thing is, how do you even make sure that your data is secured? These are projects that hasn't proven anything yet, and even those that seem to have legitimate whitepapers sometimes end up as fraud. I think the best solution is to just move to a different bounty campaign if you don't feel comfortable about it's kyc policy.

Topic: Solutions to KYC complain of some Bounty Hunters - page 5. (Read 1422 times)