There is no way we can stop them from getting that information as they are making their own rules. However I do agree that you are KYC is not pre-reuqisite or shouldn't be one for the bounty programs. I mean come on its like getting chocolates and candies from your parents and however before you could get that you have to provide validity proof to your parents that you are their child. Lol.
It does kinda seem like that only and hence its really not valid one. But we cant do anything in this matter as we are in the decentralised world and we have to walk the way they want.
Topic: Why KYC should not be asked from the Bounty Participants! - page 3. (Read 556 times)
I support the author's opinion. I do not understand why bounty hunters are forced to undergo this verification procedure. Kyc is created for investors, not for those who simply make the project an advertisement.
Definitely, and this is why I don’t participate on a bounty campaign that requires me to provide personal details. KYC should be provided carefully by everyone, that’s for your own safety so don’t give easily your information.
I agree with what you are saying here op. KYC goes against the entire core logic of the cryptocurrency market which is helping users conduct financial transactions online in an anonymous manner without any sort of outside interference by banks etc. I never supported this KYC concept from the beginning and urged users to avoid it whenever they could, but campaigns are literally forcing people to fill them up these days which is downright messed up. Such campaigns need to be boycotted.
One of the part of KYC for bounty hunter is disqualifing multi-accounts and residents wich countries cant be part in this project for exclude further problems
Many ICOs right now asking for KYC document to fullfill government regulation, and i think that is good for investor safety. Maybe bounty hunters asked for KYC document because bounty hunters investing on their project with efforts on social media or else.
I'm also still confused about the needs of KYC for the bounty hunters. If for the customer, yeah it is true they will need it. But for the bounty hunters?
I only guess that this way is for eliminating some scammers or people with the multi-account. Along with this, we can do nothing. Their rules should be obligated or we cannot get the rewards.
I only guess that this way is for eliminating some scammers or people with the multi-account. Along with this, we can do nothing. Their rules should be obligated or we cannot get the rewards.
Absolutely agree with the author. with such a procedure as the SSC faced a couple of times, and it is very annoying, do not want to know where to send your document data. I understand that all the bases merge and it is unknown in which hands will get this information
Definitely true, bounty campaign should not require bounty hunters to do the KYC since it is only for the customers or clients of the project that they are promoting. Personal information and security is very important and some of the bounties are scam so we doesn't know if it will secure are informations are not. Although not all are like that, I admit that I still do KYC whenever the bounty is requiring to make sure that they'll gonna pay me.
The requirement for a participant in the ICO signature campaign to undergo a KYC check is indeed illegal, as we are not investors. The meaning of this check is to prevent the laundering of dirty money. Therefore, such a requirement to us is illegal. No ICO campaign has ever explained or referred to any regulatory act permitting or requiring them to conduct such verification against those who advertise their campaign in the same way that ICO signatories do. Moreover, this is simply a fraud if the ICO team without any warning requires us to undergo such verification after the completion of the ICO. This can really be explained only by the desire not to pay the earned tokens.
I think asking for a KYC is okay for those with big rewards in bounty campaigns, of course you would need some verification for the people who gets those rewards because some will invest on that certain coin especially if the ICO was successful.
Let me get this straight, we are seeing many bounty campaigns are asking for the KYC verification from bounty participants which is completely wrong!
KYC is Know Your Customer document that is taken as proof of validity. But this is applicable to the "Customers" and by legal means Customer is personnel who has got trade with the seller/entity/organisation etc. So its obvious that they should be known to the service providers as they are going to invest their money. Knowing customer let them know they are having track of right person, with rightful money etc.
In case of bounty participants, they have no rights to ask for the KYC as they are not the real customers and they are not having any kind of trade with the ICO companies. Thats the sole and perfect reason why they should stop asking the KYC's from the participants.
Conclusion : If bounties asking for the KYC then they are surely going to be scam one or they want to screen out most of the participant to save their money.
KYC is Know Your Customer document that is taken as proof of validity. But this is applicable to the "Customers" and by legal means Customer is personnel who has got trade with the seller/entity/organisation etc. So its obvious that they should be known to the service providers as they are going to invest their money. Knowing customer let them know they are having track of right person, with rightful money etc.
In case of bounty participants, they have no rights to ask for the KYC as they are not the real customers and they are not having any kind of trade with the ICO companies. Thats the sole and perfect reason why they should stop asking the KYC's from the participants.
Conclusion : If bounties asking for the KYC then they are surely going to be scam one or they want to screen out most of the participant to save their money.
KYC is project policy, whatever the reason we as bounty hunter should follow the rules. If you don't like KYC process just join bounty program that not ask about this, simple isn't?. For some people, KYC is difficult because they afraid the data can be use for something wrong and that's natural. Positive thinking about this and keep going.
I support the author's opinion. I do not understand why bounty hunters are forced to undergo this verification procedure. Kyc is created for investors, not for those who simply make the project an advertisement.
Yes I also agree what he say about the KYC.
Honestly I'm pretty worried to give my personal information, and most of the bounty campaign are required to do the KYC or know your costumer. As far as I know the only need to pass kyc is the investors not bounty.
i think KYC is a must for token holder, neither he buyer or a bounty hunters, first for hunters it can filter greedy people who is doing double or triple entry and didnt found by bounty manager.
This is an unfortunate news. More and more bounty calls for the provision of KGC. In order to maintain legal compliance, there will be no resistance for future exchanges, so this is a trend and inevitable. There is no way to avoid it.
actually, I very much agree with what you say. but some of the bounties did not provide information at the beginning does need KYC or not. and this information sometimes appears at the end of the bounty. so, of course, participants must provide their KYC to receive what they are working on. If you still do not want to necessarily pay will not be given. or it could be said this system is a little forced.
KYC is not that important when it comes to bounty hunters cause they did their work in doing and earning a token.
If I were the heck did you not all project was doing KYC regulation depends on whether his project should do karivikasi KYC IF NOT YES CAN NOT SALARY if not doing KYC 
I support the author's opinion. I do not understand why bounty hunters are forced to undergo this verification procedure. Kyc is created for investors, not for those who simply make the project an advertisement.
In my opinion, that is not true. It is governed by the laws that govern the application of globally applicable financial regulations and certain banking-related policies. Therefore, companies that construct blockchain design ideas in these stereotypes must apply KYC - which is like a rule, a measure of deterrence and restriction of terrorism or a KYC-based act. They define their customers specifically for marketing and management policies later.
I think that's because the bounty participant did not invest their money in the project. so strange if someone bounty participant KYC asked. and in my opinion KYC function is as a safeguard for someone not to use the ico platform as a money laundering container.
I also don't count if the problem is not that long since the KYC is detrimental to not need to be in the damn it is also for the sake of our security as well, so there is no problem in the end the result later KYC is bad in cryptocurrency,,
for investors or bounty participants, because its far away from the main purpose why cryptocurrency being created
as i know, basicly cryptocurrency focused on how to protect the privacy from all the users
I think, I agree with this, since cryptocurrency made based on anonymity, that way it will ensure every transaction made with it.for investors or bounty participants, because its far away from the main purpose why cryptocurrency being created
as i know, basicly cryptocurrency focused on how to protect the privacy from all the users
And then KYC came, it makes the anonymity became pufff, gone forever.
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