KYC at the end of bounty

[rizqillah]

KYK FORM is needed for participants of bounty projects to reduce bots that participate in projects. KYK protection that needs to be applied for security.

It's true, But If the manager or the team projects ask KYC at the end of bounty, I think It's not fair.
They should announced it at the beginning.
So, I don't agree with this

[bee]

Supposedly bounty participants are exceptions to sending KYC if what is meant here is to find out the identity of the initial token holder, some of them sometimes come from countries that are restricted from participating in the sales program.

[cheezcarls]

It is very risky to participate in a bounty program where we are required to perform KYC to claim the tokens (but with some exceptions from highly reputable projects like Binance, etc.). Your personal info can be sold in the dark web and will be used for unauthorized registrations in various random websites, etc.

I would rather choose to sacrifice my potential rewards in exchange of data privacy. Our personal information is much more valuable than the amount of money that we have in our bank accounts, crypto wallets, etc.

[legend45]

It is very risky to participate in a bounty program where we are required to perform KYC to claim the tokens (but with some exceptions from highly reputable projects like Binance, etc.). Your personal info can be sold in the dark web and will be used for unauthorized registrations in various random websites, etc.

I would rather choose to sacrifice my potential rewards in exchange of data privacy. Our personal information is much more valuable than the amount of money that we have in our bank accounts, crypto wallets, etc.

Yep, be careful to participate in bounty campaign that ask KYC at the end of bounty.
I think They ar scammers that our personal ID will be misused.
Better to join other bounty.

[gurunanakji777]

Some people don't want to share their personal details as we all know it can be misused whether they say it's safe. KYC requirement should be clear in the starting of the campaign so that who don't want to share their personal details will not participate thus can nobody complaint about the KYC. Asking specific thing for the KYC is also not a good gesture as we all know most of the hunters do not have passport I beleive if they are able to travel across the globe they don't need to do bounty work to earn little little amount.

[lepbagong]

Some people don't want to share their personal details as we all know it can be misused whether they say it's safe. KYC requirement should be clear in the starting of the campaign so that who don't want to share their personal details will not participate thus can nobody complaint about the KYC. Asking specific thing for the KYC is also not a good gesture as we all know most of the hunters do not have passport I beleive if they are able to travel across the globe they don't need to do bounty work to earn little little amount.

obviously many reasons why not all want to share their personal details, because we know that misuse of personal data for bad things is very rampant, so many don't want to give just because following a bounty that doesn't necessarily pay well. I agree that if a bounty hunter is asked from the start, many can determine but usually many devs are inconsistent with the goal of not paying.
maybe you are right that many of your bounty hunter colleagues don't have passports and that is one of the reasons even though you can now use participating country id cards so it's not a problem for KYC not to use a passport.

[DAMKAR]

Some people don't want to share their personal details as we all know it can be misused whether they say it's safe. KYC requirement should be clear in the starting of the campaign so that who don't want to share their personal details will not participate thus can nobody complaint about the KYC. Asking specific thing for the KYC is also not a good gesture as we all know most of the hunters do not have passport I beleive if they are able to travel across the globe they don't need to do bounty work to earn little little amount.

As I said before I'm think we should not share our personal identity to projects that ask KYC at the end of bounty campaign.
It's strange, and sounds they are scammers.
Don't do that.

[Speaker]

Now this is a common practice. All projects are subject to certain legislation and therefore it becomes the norm.

[satpol_PP]

Now this is a common practice. All projects are subject to certain legislation and therefore it becomes the norm.

what you mean, I think OP just ask about KYC at the end of bounty.
Not talking about norm.
I think It's not fair, if they ask KYC at the end of their bounty.
As I said before.

[iamwarhawk]

This has been one of the pressing issues which needs to be addressed. All bounty managers must state at the start of their Bounty program whether there will be KYC or not. Some KYC requires passport and not every bounty hunter travels across the globe. In the end, most bounty hunters suffer losses as their tokens are not paid to them due to failure of meeting KYC requirements. This is not fair.

yup you are right my friend, if any project wants to conduct their bounty they must clearly tell participants about the requirement of the KYC beforehand, asking for KYC, in the end, is like a project not being transparent to its employees, then how would they be loyal to their real customers. Project asking for KYC in the end only signifies that the project is not willing to clear payments of most the hunters bcz most of them would not be able to provide valid passports etc.

[Senin]

Now this is a common practice. All projects are subject to certain legislation and therefore it becomes the norm.

Could you tell me under what legislation is it possible to require KYC from participants in bounty campaigns? The fact is that such a requirement for participants in bounty campaigns is generally illegal. According to the mandatory recommendations of the FATF international group dated June 21, 2019, KYC is possible only if money laundering and terrorist financing are prevented, and then, provided that the transaction amount exceeds one thousand euros. Bounty campaign participants provide marketing services and do not invest their own money, and therefore they cannot be suspected of the above illegal actions, and therefore require KYC.

[alltalk]

Now this is a common practice. All projects are subject to certain legislation and therefore it becomes the norm.

What legislation do you mean?
KYC isn't a must to do, it is just an optional. KYC never becomes the norm in bounty, only a few bounty managers apply KYC for the participants. I even rarely find a bounty applied KYC at the end of the bounty period lately. It is too risky if we send our data for a bounty purpose only.

[pelana vreo]

I think KYC is not required to get the Prize, but if the value is above $1k usd, the bounty manager and team can write a description so that the bounty participant can understand such a situation.
To date, many bounty partners have partnered with crypto exchanges such as coinsbit and azbit, this is a great progress to avoid fraud between the team running the bounty and the participants. so that the bounty allocation remains transparent and no party is harmed

[Speaker]

Many projects in the ambassador programs immediately warn that you will need to pass KYC to receive tokens. I think it will only get tougher with that

[Alcor]

Many projects in the ambassador programs immediately warn that you will need to pass KYC to receive tokens. I think it will only get tougher with that

Passing KYC can be applied by the team in relation to investors if the amount of investment exceeds a thousand dollars, but not in relation to participants in bounty campaigns who do not invest in the project. Now KYC is practically not applied to the participants of bounty campaigns, and this should be welcomed. Given the fact that the amount of remuneration for participants in bounty campaigns has fallen very recently, it is unlikely that many on this and other similar forums will agree to provide their identification data and undergo KYC.