Topic: The KYC scam (Read 755 times)
you are correct. it is ridiculous to demand kyc from ico participants or from bounty campaign participants. why would i share my private informations in anonymous decentralized platforms.
actually simple, they actually don't believe in bounty hunters. and they will not waste their tokens given to many accounts. The existence of KYC is indeed busy us. actually I myself do not agree
I also think so that KYC norm is totally scam. But, I believe that there is no requirement of the KYC as all the ICOs are related to a private person or the body and why should we share our data with the KYC. Again, while we are talking about the decentralised nature of the cryptocurrency and complete anonymous so what the need for the KYC data.
The KYC process today is beneficial only for developers, you understand that they can sell your data, so I wouldn’t have said it if you didn’t have serious doubts that today greatly violate the security of your data
Even on legit projects, we don't even know on where those informations being stored up after the sale or such investment. Arent we on doubt?I completely agree, this is really a problem. However, today I see that many companies have begun to warn about the need for verification. For example, all the bounties that Amazix conducts immediately warn about passing KYC
That's why either as an investor or a bounty hunter it would really be on our own choice or decisions regarding if we do tend to proceed or not.I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work. I see more and more of these surprise KYC requirements after the work is done. This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who.
Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
Yes, I totally agree with you. Very often, the ICO teams announce about KYC verification only at the end of the ICO, when the number of tokens to be rewarded for participating in the ICO generosity campaigns is already calculated or even already calculated. It is obvious that in this case the ICO team comes up with ways not to pay parts to the bounty hunters of the tokens they earned. Not everyone wants to be tested by KYC or can do it for various reasons. The calculated but unpaid tokens to the participants behind the heads are then assigned by the ICO team. Moreover, it should be noted that the verification of KYC is generally illegal for bounty hunters, since they are not investors in ICO projects. Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
because many consider that the KYC into bad things then the bounty is now announced it from the beginning. does this require a KYC as a requirement or not this reported early to anticipate unwanted things including the lies that many people think about these requirements. but it carefully in the KYC is important because a lot of identity theft is indeed from this as well.
Many are just using that to deceive people in thinking that they are real project but later run away with investors funds and don't give hunters their reward, though many turn out to be real project by doing all they promise but many are using this means to scam people and the most dangerous part is the data collected from people which is very risky.
yes, most of them don't pay bounty participants after all do KYC but before joining the bounty we have to ask, does it need KYC or not? if indeed doing KYC the next step we have to look at is the team ... if the team is serious then we will be paid after doing KYC
KYC is not a scam. It is the governments requirements and right to know the customer behind the token sale. And on bounty campaign, there is nothing wrong if they require KYC to redeem the tokens. It is the humans fault if he knows he couldn't pass the KYC still proceeds and ends up whining.
I agree with you. I have done many bounties. From that I got an idea about projects that are requiring KYC. Most of them are scam projects, if not very poor project. But rarely some great projects require KYC and also I got a many tokens by them. So I think we must need to do a good research about projects before start. Community chats are the best way for it. Look at the replies from admins, their decisions, way of talking to members... By that we can get an good idea. Also if there are popular persons, brands as project advisers and sponsors, It will be a good project although they require KYC... So be very safe before start hunting. Because your time is very valuable.. Good luck for everyone who hunt BOUNTY...
I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work. I see more and more of these surprise KYC requirements after the work is done. This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who.
Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
Yes, I agree with you, your opinion is same with me. It should be if a bounty campaign wants to apply the KYC system to bounty hunter, they must notify them from the start and not suddenly notify when the bounty has finished. I also feel very disappointed in the attitude of some projects that were very impressed that they were not professional in dealing with things like this. I hope that in the future they will be better and wiser in making unilateral decisions about a system that looks like it is unfair. Very clever trick. They are trying to use us then ask for requirements which go directly against the movement.
I saw this and was being complained by most of the bounty hunters.
I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
The requirement always comes when it's the time for sending out the payments. I'm not fond of supporting the bounty hunters but anyone in their right mindset would ask very first questions to the team their KYC requirements. The team can introduce any ridiculous rules if the project investment is a hit and they want maximum profits for themselves.I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
BHters can't even leave that bounty because the space given was enough for the bounty management to do everything on their favor.
there are some KYC that are used for crime and there is also KYC used to take loans from several banks that might be able to be done by the founder of the ICO, so you should be more careful when doing KYC.
I've come across projects that just didn't respond , and the token information has been removed from the shared branch , and after a month of silence, they've done another round of bounty.
KYC for bounty became so popular and now when I look for new bounty, most bounty require KYC to get reward. Whoever does not pass KYC will not receive the reward, I find it quite reasonable because we can reduce the number of cheaters
It is not only to seize the funds our personal information also can be misused by the team so never ever share your details to anyone.But nowadays some of the managers clrearly states that no KYC or needed KYC so you can join on their campaign if you want.
You should be careful with project that require KYC because they can steal your information , I rarely participate in such projects because the cryptocurrency is anonymous
I saw this and was being complained by most of the bounty hunters.
I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
I think that today the provision of personal data for ico companies is not bad, but it seems to me that in the near future we can expect fraudulent actions about this, too. I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
I saw this and was being complained by most of the bounty hunters.
I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
The requirement always comes when it's the time for sending out the payments. I'm not fond of supporting the bounty hunters but anyone in their right mindset would ask very first questions to the team their KYC requirements. The team can introduce any ridiculous rules if the project investment is a hit and they want maximum profits for themselves. I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
I saw this and was being complained by most of the bounty hunters.
I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.
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