I fully agree with you, regardless of whether you invest in the project or are bounty hunters, you also own tokens. There is nothing wrong with passing the KYC procedure, if you are not a fraudster, then there is nothing to be afraid of, it does not require much effort from you and does not take too much time.
I agree with your statement that KYC is not a bad idea. Problem with KYC is that some of them are becoming increasingly difficult to pass even as an investor and not just a hunter. There should be some way around to make it easy to pass since people are sacrificing their private information in order to be part of a project. 
Topic: The misunderstandings in KYC (know your customer) - page 4. (Read 832 times)
In fact, I would make for bounty hunters a more simplified KYC walkthrough. I believe that it is necessary to create a single platform for the passage of KYC bounty hunters. It would be very convenient to upload all the necessary documents once and just log in to the project site for automatic identification.
I fully agree with you, regardless of whether you invest in the project or are bounty hunters, you also own tokens. There is nothing wrong with passing the KYC procedure, if you are not a fraudster, then there is nothing to be afraid of, it does not require much effort from you and does not take too much time.
Bounty hunters also own a lot of token supply and they have to pass KYC if there is the same rule for other investors. No exception is logical and acceptable, especially for bounty campaign participants.
Many bounty hunters refuse to pass the KYC taking care of the security of their data and they are right. I say this because I got into a situation where the startup collected data and disappeared. Because of this, there is a very strong disappointment, you are not only that worked for free for several months, and even sent their data to scammers. So before you require the passage of KYC bounty hunters, let the project will ensure the safety of our data.
I have seen many hunters talk about the kyc with utmost hatred. Many wants kyc removed, many thinks it's not fair for hunters, while some say it shouldn't be for hunters, because hunters are not investors.
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
You do not understand the essence of KYC verification. This check is carried out to prevent cases of money laundering and to combat the financing of terrorism. The ICO teams themselves do not do this. They receive information and hold it for a certain time in case the relevant state bodies turn to them for the necessary information. ICO teams actually do not need this information. What difference does it make for them whether a citizen of one or another country will have their token? If this absurdity with the passage of the KYC test develops, then it will be possible to install KYC checks in all outlets. Imagine, you go to one store to buy cigarettes or juice, and you are told, pass before this check KYC. Fill out forms, attach copies of your passports, certificates of residence, and so on. Come after this to another store - the same thing. Do you think this will be normal?But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
One should not confuse the state program of combating crimes and the simple, unjustified interest of ICO teams to our confidential data.
I think you're missing out somethings also. First of all, no matter what we say, KYC is completely reversed to the logic of blockchain and crypto money!
Suppose that they take measures against criminal activities with KYC. But does this process end only after ICO and bounty distribution? In other words, how do KYC projects follow the process after the distribution is completed? People can trade and exchange their cryptocurrencies without KYC!
Do people who have money laundering need ICOs? For example, Binance allows daily processing up to 2 BTC without KYC. Is there any way that the person who comes up to Binance can clear the money from there? Without any KYC? The answer is yes! I know dozens of other exchanges like this. Moreover, there are DEXs even though the volume is low. So let's not fool ourselves. The AML and Money Laundering event never will be solved with KYC.
If someone wants to send financial help to ISIS then which way he gonna to choose doesn't matter. Bitcoin is a digital form of money and it has the same power like cash for such kind of transactions. Big banks just apply KYC for bypassing the governmental regulations and they have inside connections with criminal people in my opinion.
I have seen many hunters talk about the kyc with utmost hatred. Many wants kyc removed, many thinks it's not fair for hunters, while some say it shouldn't be for hunters, because hunters are not investors.
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
You do not understand the essence of KYC verification. This check is carried out to prevent cases of money laundering and to combat the financing of terrorism. The ICO teams themselves do not do this. They receive information and hold it for a certain time in case the relevant state bodies turn to them for the necessary information. ICO teams actually do not need this information. What difference does it make for them whether a citizen of one or another country will have their token? If this absurdity with the passage of the KYC test develops, then it will be possible to install KYC checks in all outlets. Imagine, you go to one store to buy cigarettes or juice, and you are told, pass before this check KYC. Fill out forms, attach copies of your passports, certificates of residence, and so on. Come after this to another store - the same thing. Do you think this will be normal?But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
One should not confuse the state program of combating crimes and the simple, unjustified interest of ICO teams to our confidential data.
I think you're missing out somethings also. First of all, no matter what we say, KYC is completely reversed to the logic of blockchain and crypto money!
Suppose that they take measures against criminal activities with KYC. But does this process end only after ICO and bounty distribution? In other words, how do KYC projects follow the process after the distribution is completed? People can trade and exchange their cryptocurrencies without KYC!
Do people who have money laundering need ICOs? For example, Binance allows daily processing up to 2 BTC without KYC. Is there any way that the person who comes up to Binance can clear the money from there? Without any KYC? The answer is yes! I know dozens of other exchanges like this. Moreover, there are DEXs even though the volume is low. So let's not fool ourselves. The AML and Money Laundering event never will be solved with KYC.
I think KYC is not a problem because they want not to have many account users. And as long as they ask for KYC, we must check and be careful. But they also don't force you to do KYC. So you can also reject it, but as a result, you don't get tokens.
I have seen many hunters talk about the kyc with utmost hatred. Many wants kyc removed, many thinks it's not fair for hunters, while some say it shouldn't be for hunters, because hunters are not investors.
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
KYC for me there is nothing wrong, maybe the problem is that referring to the bounty hunter is the difficulty in filling out the KYC and the security of personal data, from some people I asked like that, this is related to the policy of the developer and to debate fair KYC or not, I think the decision is in the developer, so it will be useless to argue if the developer has decided the rules. But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
actually you are the one who is misunderstandings things!
these so called "projects" are either purely scams who are set to make the most amount of money which means they will sell your identity on the dark market to make more money from you and call that "KYC" or they are created by newbie idiots who thought if they ask for KYC their shitty projects would look more legitimate so they can fool more people into giving them their money. and their databse is easily hacked and the KYC documents would still end up in dark market.
and that is the main reason why everyone has been complaining about it. it has nothing to do with being an investor or not.
Even up until now after I have break down the misunderstandings pertaining the kyc you still find it very difficult to comprehend. I am talking about scam projects and I never ask you to submit your kyc to any project that you see as a scam. What I am referring to is the fact that many even when the project is super real still hate kyc. Because they believe hunters don't need to perform kyc these so called "projects" are either purely scams who are set to make the most amount of money which means they will sell your identity on the dark market to make more money from you and call that "KYC" or they are created by newbie idiots who thought if they ask for KYC their shitty projects would look more legitimate so they can fool more people into giving them their money. and their databse is easily hacked and the KYC documents would still end up in dark market.
and that is the main reason why everyone has been complaining about it. it has nothing to do with being an investor or not.
I dislike KYC for bounty hunter but i agree KYC requirment to prevent cheating. I think its just matter of perspective. But the KYC should more easier to pass for bounty hunter. Because we are not investor after all. I hopes there is another way to claim reward for bounty hunters.
A simple KYC would still can be acceptable but if the KYC asking for too many personal information, that could be another problem for everyone, not just the bounty participant, but also for any investors. I believe many of them don't like their personal information to be easily attained by someone else.
When you are the ICO issuer, you need to comply with the rules of your local. That's why you have to show legal documents for your token or coin holder and kyc is there for that reason. Anyway, I am not a fan of kyc and I never had done this in my 6 crypto years. 
I don't have any problems with kyc yet, if I go into any project and I was asked for kyc, depending on the type of project and it's quality will determine if I will submit my documents or not.
Most ICO teams now request KYC verification after the end of the ICO, and until that time, they even often deny the possibility of such verification. What is the point of carrying out such a check, if not for the purpose of non-payment of earned tokens by bounty hunters. In any case, passing a KYC check should take place when joining an ICO bounty campaign, in any case, contain such a possibility. Especially now, when there is no uniform form for providing the requested information and copies of our documents and the ICO team, they are simply refined by inventing, at the end or after the end of the ICO, such conditions for passing the KYC test so that many of them simply do not pass.
A simple KYC would still can be acceptable but if the KYC asking for too many personal information, that could be another problem for everyone, not just the bounty participant, but also for any investors. I believe many of them don't like their personal information to be easily attained by someone else.
I have seen many hunters talk about the kyc with utmost hatred. Many wants kyc removed, many thinks it's not fair for hunters, while some say it shouldn't be for hunters, because hunters are not investors.
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
You do not understand the essence of KYC verification. This check is carried out to prevent cases of money laundering and to combat the financing of terrorism. The ICO teams themselves do not do this. They receive information and hold it for a certain time in case the relevant state bodies turn to them for the necessary information. ICO teams actually do not need this information. What difference does it make for them whether a citizen of one or another country will have their token? If this absurdity with the passage of the KYC test develops, then it will be possible to install KYC checks in all outlets. Imagine, you go to one store to buy cigarettes or juice, and you are told, pass before this check KYC. Fill out forms, attach copies of your passports, certificates of residence, and so on. Come after this to another store - the same thing. Do you think this will be normal?But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
One should not confuse the state program of combating crimes and the simple, unjustified interest of ICO teams to our confidential data.
I have seen many hunters talk about the kyc with utmost hatred. Many wants kyc removed, many thinks it's not fair for hunters, while some say it shouldn't be for hunters, because hunters are not investors.
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
The main problem here is KYC which is asked at end of the bounty. Nobody has a problem with KYC. Some people do not want to give their personal information and we need to respect it. This does not make them cheaters. You would want to give your identity to a fraud project? But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
I have seen many hunters talk about the kyc with utmost hatred. Many wants kyc removed, many thinks it's not fair for hunters, while some say it shouldn't be for hunters, because hunters are not investors.
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
But the point is, if the company or start-up project asks for kyc from hunters, they are not wrong in any way.
Kyc are not for investors only, as long as you will hold or holds a company's or start-up project equity share and have voting rights, you are a customer. What this simply means is that whether you bought the token or through bounty hunting but holds this token with the so called investors, there is no different between you hunter and an investor with cash.
Both of you holds the same token from this company and share equal right with them, which means that what an investor can do an this particular company, you as hunter holding the same token can do also.
The only difference is that the investors invested their cash and you invested your time and both of you holds the same token and shares equal rights. So if you say that you can't pass through kyc because you are a hunter, then you are the cheater
The misunderstanding is from your end, boss. Kyc is not carried out to know token holders, its done to checkmate and eliminate fraud and financial crime. From the definition its pertinent, only to investors and not bounty hunters. Bounty hunters work for several projects simultaneously and there's a greater risk, if we give out personal data to every project. The increase of scam ICO's have multiplied the risk of losing our data to third parties who utilise the information for illicit purposes. The tokens we receive are barely worth anything after getting listed, because the developers ensure that the investors take the chunk of the market and leave us with crumbs.
KYC is fine. It's a government requirement, lest you want them to have legal problems while the project is on its way. The real issue is the ICO teams should always be upfront about it from the start.
KYC is for all the member of the PROJECT ICO.
Investors and Bounty participants, but please include team members.
KYC, if and only if can't be implemented well thanks, as this is for the TEAM ICO benefits only!
Investors and Bounty participants, but please include team members.
KYC, if and only if can't be implemented well thanks, as this is for the TEAM ICO benefits only!
OP, you made you a good point, but sometimes they don’t it the right way. What makes hunters to complain about KYC is because these campaigns never say it on time, rather they bring it up when it is time to make a withdrawal, and a lot of people don’t like that, they believe they should be informed earlier on. Then it’s no news that there are campaigns that are owned by scammers, you won’t get paid and they also have stolen your info.
I don't have any problems with kyc yet, if I go into any project and I was asked for kyc, depending on the type of project and it's quality will determine if I will submit my documents or not.
That is the same thing with me, never had any problem with KYC, though I have seen lots of people discourage the use of KYC, but I do my research pretty well before choosing any campaign to work on. What matters most is that you don’t waste your time on the wrong campaign, cause some of them you wouldn’t get paid at last. So KYC is not even a problem . Jump to: