Is KYC really a good thing?

[Domithra]

Well, KYC is good especially when the project has proven beyond reasonable doubts to be successful. It is a requirement that has been implemented by the authorities of many countries in other to eliminate the issue of money laundering and the funding of terrorists. Anyway, investors must do an intense study into the project to ascertain that their identities will be protected and be used for only verification purposes as stated by the KYC rules.

[owmivmen]

KYC is helpful to avoid errors when token sales. there are countries that reject crypto so that the people of that country are banned from participating in ICO sales. in terms of bounty kyc very help reduce cheating like multi account.

[Breadwinner]

KYC is really a good thing for those investing in the coin. FOr we the bounty hunters I think its not good for us as pair what we are doing because we need anonymity.

[Dynamite]

Kyc is just an act of identification of the investors specially the big orders, however bounty hunters should have a freedom not to undergo in kyc because we are just a simple bounty hunters and not an investor. Even though somehow kyc is a good way of identification but it should be announced at the beginning of the campaign.

[Bobcrypto]

And KYC (know your customers), is a standard business practice globally. It’s a requirement from industry regulations to protect all stakeholders within the industry and its in the best business interest of any investment firm or investor, especially if there is a lot of money at stake.

[Quantum X]

although kyc is a good idea and can be trusted that any projects that asking kyc can be successful still it is also risky to trust your private info to others but as a participant if you really like the project it doesn't matter

[Raboni]

KYC is legal. In fasct it is a good move to know the costumer's from different places. The identity of individuals must be record.

[Cheenguboc5811]

I respect those project or bounty campaign with KYC application needed , maybe it was their way of  inspecting each applicants , even though its a bit hassle but if you want to be part of it then accept their way.

[dominoes]

Bounty rules is bounty rules. The manager's decision is final. If we are just a bounty hunter then we are just a simple person that must follow the rules. I hope that kyc will not be use in the future to use one identity for illegal purposes.

[Dark_Soul]

KYC is a good thing. I'd rather see even stricter rules applied to participants to ensure actual quality exposure for the project. Right now so many projects suffer from endless spam on for example Reddit or Twitter. Have you read the replies? Shameful and I don't understand why those replies still get any rewards.

[BatBit]

I don't like KYC, but there's nothing I can do about it. I'm afraid my data will go to the crooks.

[X-master]

I don't have a problem with kyc because it really gives assurance to both investors and bounty hunters, what I don't like it is announce after the end of the campaign. Such manners are really irritating from the side of hunters to the team.

[Aljay7]

KYC is helpful because some people has two or more accounts in forum that's why KYC is helpful to avoid double payment in one person.

[Redhead5]

KYC is helpful because some people has two or more accounts in forum that's why KYC is helpful to avoid double payment in one person.

I really appreciated about the project which required KYC because this will serve as the measure to avoid cheating in each account. With KYC each bounty participants will be truly identified if they are the true owner of accounts entry.

[eldial]

Of course its a big yes KYC  is the most important in any transactions what you want because KYC is to identify your background and be trusted in your own life especially this kind of business to avoid terrorist can joined.