Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on May 26, 2018, 11:02:51 AM
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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.
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The idea of KYC is really for frustrating for some bounty hunters who fail to pass. Others also think that it make the project look legit.
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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.
Exactly! This is really not fair, after using the effort and time of a bounty hunter for any kind of bounty offers of an ICO earn nothing because of kyc requirement which is announced only after or one week after the camp. This is considered as scam.
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I believe that passing KYC will cross the very philosophy of cryptocurrency. One of the advantages of cryptocurrency was anonymity, and now in order to get tokens it is necessary to undergo the procedure of full identity confirmation, as in a bank. It is especially unpleasant when you find out that you need to pass KYC when the bounty campaign is over and you are waiting for payment.
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I think this is another form of simple corruption. Maybe the management is too greedy and selfish because if they want to implement KYC it should be announced at the beginning of the campaign in order to be fair.
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I believe that there is nothing wrong with the fact that certain projects require KYC to pass at the end of the campaign bounty. It is much worse when you are required to pass at the very beginning and at the end the project is fraudulent and after that you do not know how the scammers will act with your personal data!
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Yes, I agree, the need to pass KYC is very inconvenient for many and it takes a lot of time, especially if you participate in a large number of campaigns at the same time. I believe that applying KYC to bounty participants is superfluous because those who launch their ICO can register their ICO in a jurisdiction where ICO projects are not prohibited and are not subject to the jurisdiction of financial control bodies of USA, China and other countries that forbid their citizens to participate in the ICO.
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Its really disheartening when after a bounty this happens. I have once be a victim to that and I think it should stop or it should be announced at first before we start the bounty.
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Maybe there are valid reason why the kyc given at the end of the campaign. But honesty your right it is unfair to announced at the end it must be at the beginning in order to Orient the bounty hunters about the rules.
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I know that there could be valid reason why KYC is required in most ICO, but KYC is unnecessary for bounty hunters. Bounty hunters are just promoters of start-up projects and they get paid on such services. An investor may require KYC before purchasing coin/token on ICOs, but i think that bounty hunters are just employed to campaign for a start-up ICOs, and at the end of the ICO, they receive payment for his or her services.
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very danger of submitting personal documents to kyc on bounty. if a big bounty gift i will give my document.
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There should have fair approach to everybody because bounty hunters did not performed the task for free services such as consumes electricity, time, effort, sacrifices that must considered by the manager. Payment must be paid in order to be fair.
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You can ask the team about the KYC on the telegram . KYC is a bit hassle, i joined one project with KYC there on the application , i dont know yet if i passed , it takes 48 house to know it.
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the requirement of making KYC in bounty is sometimes not included in bounty rules (not included) so we must always update with the project that we follow.
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I also think it is not fair. Many people lose money. But what can we do about it? How do we fight this attitude towards us?
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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.
yes your right, bounty campaigns now need a KYC and its requires passport to do so, but lot of people or bounty hunters can't pass the KYC.
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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.
It's a bad thing because the whole point of crypto from start was to be decentralized, secure and anonimous.
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If it is indeed using the KYC secure warranty can I guess that won't be a problem for the participants? And until this moment we as participants do not know to use KYC. And we are told when ICO is finished so we as participants have yet to set up our data.
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that's not fair for bounty participants. why not announce before bounty at start? it is very detrimental to bounty participants who do not have a passport.
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I did not understand what is KYC and how does it translate ? Can someone explain me that terminology and what is so frustrating about it ?
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i've been disappointed with some bounties that require kyc. The data I have given is never accepted by the organizers, even though the data is genuine have my own.
Sometimes they also ask for copies of utility bills or water on our behalf, but what if we rent a house or apartment and certainly his bill is not our name.
They also sometimes do not accept the id cards of some countries and only accept passports. This is a problem for me and maybe for other investors.
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The KYC review of participants in the ICO generosity campaign is illegal both before and after the ICO. This check is carried out, basically, in order to exclude by investing their money laundering funds. We are not investors, we do not invest our money in ICO projects and therefore should not undergo such a check. It is no accident that no ICO team has ever referred to a regulatory document that allows them to conduct such a verification against bounty hunters and to quote what has been said in this document.
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I don't think bounty hunter's got a chance to fight that right now. In the future, perhaps there will be some association.
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its not fair to do kyc on the end of the task... revailing your identity on international level is very dangerous.. we bounty hunters should not give in to them.. our identity is the most precious of all things in this world.
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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.
By many unscrupulous ICO teams, KYC was largely seen as an opportunity to avoid paying bounty hunters the tokens they earned. For this, KYC was announced a considerable time after the ICO and for a short time. Only a few participants in the ICO bounty campaigns could find out about the time spent on KYC, and without this, the earned tokens were not paid to them.
Also, many ICO teams drew up vague and conflicting questions in KYC, made various failures in their KYC programs, or simply announced that KYC was not passed without explaining the reasons.
It should be noted that since June, binding FATF recommendations have come into force, according to which KYC is carried out only to prevent money laundering and combat the financing of terrorism. Bounty hunters are not required to undergo KYC as they do not invest their money and cannot be suspected of committing these crimes.
In addition, KYC is carried out if the transaction amount exceeds one thousand euros.
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If in the bounty at the very beginning it is written that you need a KYC, that's good. And if they begin to demand it after the end of the bounty, then it's bad.
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If indeed participating in a Bounty, it should be for KYC, it should be announced at the beginning.
So those who could not do KYC did not participate in the campaign.
If the KYC Announcement was announced at the end of the Bounty, it was very detrimental.
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its not fair to do kyc on the end of the task... revailing your identity on international level is very dangerous.. we bounty hunters should not give in to them.. our identity is the most precious of all things in this world.
As much as possible joined campaign that dont ask for kyc. Why? They are simply gonna make your profile dirty. They could also sell it on thr blackmarket for a very cheap price. Kyc is utterly dangerous. If I have going to do kyc Im make sure that its only consists of good projects that are trusted enough for information but piece of advise as much as possible dont do kyc.
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Even managers are under the circumstances of change the rules. Managers could not to anything against what the CEO/President said to be done as soon as possible. Hunters are the center that really negatively impacted about the change. It's hurt to accept the fact that we hunters do nothing in case we did not passed the KYC process.
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Why are campaign owners trying to make things more difficult?we keep thinking about what a mistake they will find and eliminate us from the campaign throughout the week. It is not fair that something like this comes out while we think that the full season is over and we will get the awards.
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That's kinda of cheat, announcing kyc at the end of campaign is not acceptable. They really should announce it at the first place when the campaign is launch.
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That's kinda of cheat, announcing kyc at the end of campaign is not acceptable. They really should announce it at the first place when the campaign is launch.
I think it is a situation that should not even be at the beginning of the campaign. We are working on a project on cryptocurrency but we have to provide all our information including our identity. Isn't it ridiculous?
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We can blame the bounty manager. Rules can change suddenly from the project team. that is why the bounty manager will tell the participants at the end of the bounty. Maybe there are KYC that only require National ID Cards
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It is not fair for not communicating the need for KYC at the beginning of bounty due to the fact that many bounty hunters tend to loss there rewards if the KYC documents can not be provided. I will suggest that as bounty hunter we should ask question about KYC before joining any bounty.
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It is very unfair that the notification of KYC should be at the end of the Bounty campaign, because not all Bounty Campaign participants are ready to do KYC. It should have been that KYC was supposed to be announced at the beginning of the campaign, and again that must be paid attention to for Bounty hunters. Do not do KYC carelessly, especially for projects that are uncertain and of small value.
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I strongly agree that if it is required that KYC must be announced at the beginning not at the end, because bounty hunters will be able to consider first, whether to become part of it or not. Hopefully this thread will be read by the bounty manager and justice will be received by all parties.
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We can blame the bounty manager. Rules can change suddenly from the project team. that is why the bounty manager will tell the participants at the end of the bounty. Maybe there are KYC that only require National ID Cards
There are no rules that would stipulate the need for participants in ICO bounty campaigns to undergo KYC. These are all inventions or reassurance of the ICO teams. KYC is carried out only for the purpose of preventing money laundering and combating the financing of terrorism. Bounty hunters do not invest their money in ICOs as participants in bounty campaigns. Therefore, it is impossible to suspect us that we are laundering money or financing terrorism.
Therefore, it is illegal to require us to undergo KYC. Whoever requires it, let him clearly indicate which normative act requires it and what the specific norm says about this. Nobody will name it.
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I did not understand what is KYC and how does it translate ? Can someone explain me that terminology and what is so frustrating about it ?
I hope you will read this mate. Know Your Costumer in short KYC is the process to submit your personal identity information like passport, national id and etc. In order to receive your reward passed the KYC. If you don't like to share your personal information, then, don't expect to receive the reward. That's why it is unfair for us hunters who doesn't like to do KYC procedure.
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You just reminded me how I lost my Harmony bounty token for not providing Intl Passport for KYC. I am still hurt. It will be good it is mentioned before bounty starts.
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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.
Those who changes the rules after the bounty hunter are not to be trusted. This is the project owners way of minimizing hunters that they have to pay. It is actually a lame reason to say that it is to minimize multi-accounting. The job was been done, either it is an alt or not, they (bounty hunter) deliver what is needed and they must be paid with it. Unless they had stated the KYC from the start, I always consider projects owner that change the rule and implement KYC at the end of the campaign as scammers.
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Sometimes the Bounty managers change the rules mid bounty about KYC. But the truth is they are covered since the rules say they have the rights to change any bounty rules
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The KYC issue in the bounty is not necessary, and I decided not to participate in any further bounty campaigns if I have to complete the KYC. The project can be real or just a scam, even if the project has a successful Token-Sale, no one can guarantee the value of the token after being listed. I don't think we should give out our personal information in exchange for a few tens of dollars worth of tokens.
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Bounty hunters do not invest their money in ICOs as participants in bounty campaigns. Therefore, it is impossible to suspect us that we are laundering money or financing terrorism. Therefore, it is illegal to require us to undergo KYC.
I also think that the bounty hunter only gets a few tokens from the total supply it's no need KYC. I always avoid bounties that require KYC.
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In my opinion, there must be a reason why a project asks for KYC at the end instead of asking for KYC at the beginning and then the project is a scam, but there is also a sense of unfairness when the first rule, which didn't use KYC, then changed the rules arbitrarily to fill KYC.
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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.
Yeah, you are correct many of them suffered from that kind of rules were at the beginning of the campaign they've announced no kyc but after the campaign all of a sudden they've required KYC in which was most of their participants got disappointed in it were the team knew that participants nothing about their rules and that was really unfair.
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Most campaigns now do right at the beginning of their campaign that kyc might be request at the discretion of the dev and team of the project, in such case if kyc is requested at the end of the campaign, I think that is fair enough but in case if hunters do not have prior notice then it is unfair.
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I am into bounties where KYC is required. This actually helps a lot of scammers to stay away from it. I saw projects have been destroyed because of bounty f*cking scammers. What they do is that they sold all their loots once the token/coin gets listed. Even only a small percentage is allocated for the bounty, majority of the immediate sellers are bounty participants.
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I am into bounties where KYC is required. This actually helps a lot of scammers to stay away from it. I saw projects have been destroyed because of bounty f*cking scammers. What they do is that they sold all their loots once the token/coin gets listed. Even only a small percentage is allocated for the bounty, majority of the immediate sellers are bounty participants.
Lol, can you define what scammer is? How can a bounty hunter scam a project when he is the one doing the work? And where is the point of scamming in selling your own token? It is the right of every holder. Now you are saying selling your own token is scamming people? I cannot comprehend your sense of reasoning.
Look at the picture.
Where is scamming in this presentation..
Bounty hunter apply
Bounty hunter is accepted
Bounty hunter do the work
Bounty hunter got paid with token
Bounty hunter sell his own token
and you are thinking that selling his own token is scamming the project?
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I do not think they should implement KYC. Because all the bounty is not legit and spammers will take advantage of the situation and promote fake bounty and ask for KYC data and sell it. There is another way for eliminating multi-users and that is by paying directly in the exchange. List your token in an exchange and ask for an exchange deposit address.
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kyc should usually be shut down. Most of the time these are scams and hacking IDs with personal information. There are many bounty campaigns that spread fake news. No need to kyc later on reliable sites for exchange. Many are traded securely except kyc. Therefore, it is better to stay away from kyc sites.
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I hope that no KYC will be required from bounty hunters in the future, since it is illegal. It should be remembered that KYC is used only for the prevention of money laundering and combating the financing of terrorism. “Know your customer” is not to be taken literally. In fact, it means "know whose money you are taking." Participants in bounty campaigns do not invest their funds, and therefore do not have to go through KYC.
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kyc should usually be shut down. Most of the time these are scams and hacking IDs with personal information. There are many bounty campaigns that spread fake news. No need to kyc later on reliable sites for exchange. Many are traded securely except kyc. Therefore, it is better to stay away from kyc sites.
well, I really agree because with the KYC system it can provide security for the exchange so that developers can find out who owns the account.
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Of course it's stressful for Bounty Hunters. Because at the beginning of the campaign of the project it should be said that if you want to join the project, you have to do kyc. So it must later confuse the grace hunters. So kyc is good but it should be said at the beginning. Because there are many users who don't know if there is kyc. They stay until they work on the project. But later they did not keep any news. Because they run after work. So kyc should be mentioned at the beginning of the project's campaign.
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KYC at the beginning of the bounty, I'm lazy to do it, especially when it's KYC at the end of the bounty, I will definitely leave it. But this KYC rule should have been implemented at the beginning, so as not to confuse bounty hunters. If there is a case like this then in my opinion this is the way the team did it because they actually objected to paying the Bounty participants.
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I don't fully support kyc at all because kyc is a systematic process of selecting real person very good but sometimes scammers steal our personal information and database. Clipx a good example of scams and scamming.
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Doing KYC for bounty is actually dangerous. Sometimes, it has been done but we do not get any coin. This is a scam that gains our wor to promote the project freely and also get our ID.
Therefore, before submitting the KYC, we must ensure whether the project is legit.
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I think it is better to avoid KYC as long as you can. Do the KYC procedure on the bounty isn't a good idea. The team members probably take advantage of the situation. But in fact, this may happen because the team members know bounty hunters need money.
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kyc should usually be shut down. Most of the time these are scams and hacking IDs with personal information. There are many bounty campaigns that spread fake news. No need to kyc later on reliable sites for exchange. Many are traded securely except kyc. Therefore, it is better to stay away from kyc sites.
well, I really agree because with the KYC system it can provide security for the exchange so that developers can find out who owns the account.
I totally agree with what you say because everything requires clear information so that it can minimize theft and anonymized assets.
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I think the use of KYC is less effective. Many bounty hunters have finally avoided KYC. Because it does require a passport and not all bounty hunters have. Moreover, the information provided is also very complete and this could be an opportunity for the data we provide to sell. Very scary.
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KYC actually functions as a safety system. However, currently projects with KYC are being avoided a lot. Because it is very dangerous that data sales will occur. I myself also don't agree with the KYC.
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I think the use of KYC is less effective. Many bounty hunters have finally avoided KYC.
~snip~
It's not because it's ineffective, but because the KYC that is done is sometimes not in accordance with the prizes they get, that's why most bounty hunters are selective when choosing projects,
and other reasons because of data theft, personal data is vulnerable to being traded to third parties, and this is another risk that bounty hunters must consider when joining a campaign that requires KYC.
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This has been one of the pressing issues which need 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 a 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 the failure of meeting KYC requirements. This is not fair.
Most of the new project campaigns always announced to their bounty thread that KYC is not required but once the campaign is finished they will require it all of a sudden to all their bounty hunters who joined in the campaign. Actually, this was really annoying and it happened most often in most of the campaign projects even up to the present.
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KYC in bounty is a rubbish system. Crypto is a autonomous trend but why there will be kyc in bounty after bounty ended. KYC takers steal information and sell in the other purposes which is very risky for the bounty hunters. So bounty hunters should avoid kyc bounty, and bounty managers should take bounty payment first from the team so that the team can't cheat the bounty hunters.
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I personally do not support KYC in terms of grace. Many bounty projects do not talk about KYC at the beginning, but please do KYC at the end; Which seems like torture for bounty hunters. In addition, for KYC pass, one has to give various sensitive information including NID, passport which can be harmful for the person.
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This is the most hateful thing in my bounty participation.
Imagine that the developer is not capable of giving a one time decision right from the start for the bounty hunters. Such will just give us a clue that something's wrong behind the change that has been made.
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The KYC issue is good for every bounty campaign. But to do kyc you have to say any project at the beginning of the bounty campaign. Because of this Bounty Hunters feel confused. Later if KYC is given in any bounty then many users forget to kyc. So I think the project team has to make an announcement in advance.
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I agree with you, the issue is that Bounty managers always lie, and ask for a KYC at the end of the bounty. The excuse is made that it is necessary to catch cheaters. In fact, they have to achieve our secret information.
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Though have not participated in such bounty, but to me rules and regulation of bounty suppose to be specify at the beginning of the bounty so any additional rules should be kick against i.e should not be accepted by hunters
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The KYC issue is good for every bounty campaign. But to do kyc you have to say any project at the beginning of the bounty campaign. Because of this Bounty Hunters feel confused. Later if KYC is given in any bounty then many users forget to kyc. So I think the project team has to make an announcement in advance.
For bounty hunters, KYC is illegal anyway and there is nothing positive about it. In most cases, KYC was used by the ICO team in order to avoid paying us the earned tokens if possible. Teams generally do not know where to store and what to do next with the collected confidential information. In fact, they don't need such information at all.
As a general rule, its collection and storage is allowed only for the purpose of preventing money laundering and combating the financing of terrorism. It has nothing to do with bounty hunters.
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Actually, with KYC the purpose is for the security system, but I myself feel insecure. Because there is a lot of negative news about this KYC. So I think the use of KYC is somewhat less effective.
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I really dislike kyc at the end of bounties, because have lost alot of token since I couldn't pass their kyc, most times the bounty owners won't mention it at the beginning of the bounty campaign, then after you have worked your ass out to complete the tasks, on the last day they will just announce that kyc is needed for the bounty hunters to receive their tokens, it's really frustrating.
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Of course, I agree with this, but unfortunately, too many scammers are now creating cryptocurrency companies and we are promoting these cryptocurrency companies and we hope to get at least something with this cryptocurrency companies, but when it comes time to pay bounty hunters, various problems immediately begin and often kyc procedure is introduced.
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KYC is something harmful. We do not know how safe and secure our data. In bounty, it is a dilemma to fulfil KYC or not because if we do not KYC we will never accept the rewards. but if it is for KYC< it is harmful because there may be stolen data. So, better to check again whether it needs KYC or not
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I do not agree with this kind of thing because this is a fraud at the beginning of the event from Bounty.
If there is KYC, it should be told from the start and it makes more sense because of transparency.
We are members in various forums to develop the project, if we are tricked into KYC problems, which investor will believe in the project if for Bounty alone, it is deceiving.
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I agree with you, the issue is that Bounty managers always lie, and ask for a KYC at the end of the bounty. The excuse is made that it is necessary to catch cheaters. In fact, they have to achieve our secret information.
Sometimes we should not put the blame to Bounty Manager shoulder because it wasn't their intention to cheat hunters. The project CEO is the responsible to implement some changes but managers could not resist the Boss command. If they cheat hunters and stolen the tokens, it means they don't know hurts and no conscience to fellow human. However things will rebound in the right season.
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Yes. KYC after the bounty campaign are not really ok. Maybe if it was written on the rules and regulations of the said bounty project. Many bounties just adding the rules like Kyc not required but the company have the right to change it if they are not quite sure of the legitimacy or aunthenticity of the bounty hunters. This will be the scapegoat of some bounty companies. Sad but many hunters might full for this tricks .
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This is a major problem for the bounty hunters. I think , this is one of the ways to avoid payment. There should be some rules where the team will be bound to follow it. If the project is needed to verify KYC, they should clarify before starting bounty. The KYC requirement at the end of the bounty is one kind of cheating.
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When a project is asking for KYC after bounty ends, it's a sign of either identity theft or not wanting to pay all hunters. It's just ridiculous how it's becoming a norm
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I personally have no problem with KYC, what I'm worried about is my personal data being traded...
I have ever heard information that personal data is traded on the deep web, this, of course, worries me because many irresponsible people take advantage of my personal data.
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Sometimes, projects what to change their rules in the middle or end of the bounty. It is very usual done by the bounty manager. And hereafter seeing and analyzing the rules, if the project is not worthy, leave it and never KYC at that time
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Sudden change in the rules of bounty is bad, I think it shouldn't happen. For example, the bounty manager or the team of the project forced the bounty hunters to do KYC if the participants/bounty hunters want to claim their rewards. Indeed it is not fair, I think we should avoid joining a bounty like that.
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I actually don't like the bounty with KYC. Because it is less effective. This also raises many questions. Because sometimes there is information such as a passport even though I myself have never traveled abroad and do not have a passport.
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KYC must be negotiated immediately. Some companies ask you to provide documents after the end of the company's bounty. Because of this, many people are rejected because they do not want to provide their data. I believe that this is already a fraud on the part of the company. For example, ClipX requested documents after the end of the bounty. When people submitted their documents, they said that the company was not successful and they were closing it. Then why did they ask for documents in 3 days, if they initially knew that the company failed? It turns out that they are scammers.
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The idea of KYC is really for frustrating for some bounty hunters who fail to pass. Others also think that it make the project look legit.
Yes sir, you are right because I several times missed many bounties projects rewards not passing kyc because I have no passport or driver licence. Some time I missed kyc deadline.
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IMHO, KYC is needed in our respective governments, including Banking services, licenses, etc, and I have no problem with that because it's our obligation as a law-abiding citizen in our respective countries, But it's another story if the KYC was applied on a Bounty campaign that has no precise value because it's not listed yet, And what if we already work for 3 months and after the campaign is finished and then they required us to do KYC? for me I have no choice but to obey so that my work for 3 months will not be wasted. but it should be included in the written "Rules and Condition" in the very beginning so that the participants will not surprise.
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Having experienced this first hand, I can say, it is a wrong idea to introduce KYC at the end of any bounty campaign and often times, it leads to betrayal of trust in the part of the project and ends in friction which ultimately affects the public perception of such a project. If there is ever a need for KYC for any bounty, the team needs to communicate this to participants before the bounty elapses and also need to ensure the KYC process is as smooth as possible for everyone involved.
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KYC has become an issue that many bounty hunters disagree with. Especially if the project is fake and the data they have provided and ended up being misused. It's definitely going to hurt us as bounty hunters.
I strongly agree that KYC should be notified at the beginning the project will run. So we can check with the project to avoid fake projects. I recommend to all bounty hunters, do not trust all reward projects easily before you do a good check. So that we can get a good project and give us a payment according to what we've been working on to support the project.
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The bounty manager or the team of the crypto projects that has the bounty program should announce it from the beginning of the bounty program if the participants should do the KYC procedure at the end of the campaign/bounty. They shouldn't announce it once the bounty has been over already. It is not fair if they change the rules suddenly, we mustn't follow it.
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Yes, it is not fair. If I am the participant of the bounty, I won't follow the rules that is just changed suddenly at the end of the bounty/campaign. It is very bad decision to do by the team of the projects. Mostly of the bounty that has a problem like this, just ended with a scam issue.
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KYC is not the important factor in the bounty campaign. Some scammers are wanted to know the information by providing bounty campaign. I think this is the new way to get all the information about the holder or investor. Kyc reburied bounty program are not the good projects i think. In some causes it may different but most of the campaigns go to the dogs.
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KYC is not the important factor in the bounty campaign. Some scammers are wanted to know the information by providing bounty campaign. I think this is the new way to get all the information about the holder or investor. Kyc reburied bounty program are not the good projects i think. In some causes it may different but most of the campaigns go to the dogs.
there are many who do not and do not like it that KYC is still a mandatory rule, which interests are not necessarily able to produce the best results. as long as there are still many frauds there should be no more kyc, maybe there are other ways that can be accepted and do not harm many participants.
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KYC is a personal information. A person may agree to share his/her personal information or not. So it should be clear at the starting of bounty if KYC require or not. If the participants agree to share KYC, they will join the project and vice versa. But It is not fear that, bounty will not require KYC at the starting but at the end they will compulsory KYC of eligibility for payment. It is one kind of hypocrisy.
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It depends on the particular bounty campaign and the project team. Some bounty projects will demand for kyc after the end of campaign which is very wrong and unjust cause some participants aren't comfortable giving out their personal information and wouldn't have wasted their precious time joining such campaign. Asking for kyc after campaign is wrong, it should be stated at the beginning of a campaign, many hunters end up losing their rewards as a result of this.
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It is not correct not to report the need for authentication at the start of the reward as many bounty hunters tend to lose the rewards there if authentication documents are not provided. As a bounty hunter, I would suggest that we should ask about identity verification before participating in any awards.
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Its really disheartening when after a bounty this happens. I have once be a victim to that and I think it should stop or it should be announced at first before we start the bounty.
I am also a victim of it. Few days ago a project of bounty detective has been flew away without giving payment of the bounty hunters. The project required KYC at the bounty end without informing bounty detective. I gave my KYC to be elligible for my payment. But they made us foolish.
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Actually, currently there are very few bounty projects with KYC. Because there is indeed KYC, there is often a lack of interest. So that many good projects do not require KYC now. I also disagree with the KYC at the end of the bounty. Because it is ineffective, and is afraid the data will be misused.
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I can not corroborate KYC process right now because we know that most of the projects get scam. Now a days scammer conduct most of the projects. If they require KYC i think that project will not be successful. Now people are very careful they know how the scammer scamming in project.
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It is good to take KYC form from the investor because the authority should know his Clint information. In some causes it makes boring when they ask for passport or any other things which are not available then especially hunters face the problem.
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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.
Its really very frustrating when it happens like this, especially when its requiring international passport specifically. Although i see this as an issue as an hunter, i also believe its a nice idea to have an international passport as a bounty hunter.
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The post is long ago. Subject to discussion I would like to say, Kyc is a good thing. Most can give nothing at the end of the campaign. So campaign participants must keep an eye out. As a result, most campaigns currently do not have kyc. I think KYC is needed in the cryptocurrency market now. Because I have seen that most of the Bounty detective Bounty campaigns do not have Kyc. So things could be better. Because they know that users are not very active in this regard. And I don't think there is a need for KYC. However, there is a need for exchanges.
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As bounty hunters are like freelancers who work to promote the project and send the message across so essentially kyc should not be a requirement for them because it is required where the money is involved so it can only be asked from investors and not the workers.
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Every project should clearly say about their bounty from the starting whether their need kyc or not but after the end of bounty asking kyc is very unprofessional attitude. Some projects already did this type of cheating in the past. Our valuable information may be stolen and can be sold to dark sites which is very dangerous for us. KYC should be avoided but verification of POA can be accepted and justified their wallet whether they are cheater or not.
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KYC, in my opinion, is not the right choice because we provide an identity that should be a privacy which is very important to be protected, while the identity that you provide can certainly be used for criminal acts without your knowing it.
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KYC is definitely a good process of knowing personal information. When any bounty campaign end then they the authority trying to bring the information by kyc form. It is a normal process.
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as bounty hunters we have a choice but not to the investors. A bounty hunters is not force to do kyc but they were over smarted by the bounty managers or the project of the team sometimes when they change rules after the bounty period.
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but they were over smarted by the bounty managers or the project of the team sometimes when they change rules after the bounty period.
It is a risk that you must follow when deciding to do a bounty, if you don't like doing KYC, make sure before you join bounty by asking Team or BM,
You can't blame BM because the one who changed the rules was the project team and BM only followed the team's wishes,
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I actually don't like KYC at the end of bounties or airdrops. Because this really scares me the data will be misused. Moreover, the method with KYC is also less effective. Can still fill in basic data without this KYC.
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I also don't like it when every bounty changes the rules at the end or the bounty reward distribution, especially regarding KYC. If from the start the KYC rules were included it would be easier to decide whether to join the project or not. My estimate is that many use KYC at the end of the bounty but the result is a scam like the Clipx bounty example.
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I also don't like it when every bounty changes the rules at the end or the bounty reward distribution, especially regarding KYC. If from the start the KYC rules were included it would be easier to decide whether to join the project or not. My estimate is that many use KYC at the end of the bounty but the result is a scam like the Clipx bounty example.
Right, nobody likes KYC but few projects wants kyc after bounty ended. Then hunters don't have any other way. If they deny kyc, they won't get rewards. But from the start of Bounty team wants kyc, hunters have the option to avoid kyc. This kyc documents submit is very risky for the security of the hunters personal information.
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The idea of KYC is really for frustrating for some bounty hunters who fail to pass. Others also think that it make the project look legit.
Yes you are right. In some causes some bounty program is not legit i think. They require some documents which are not common to the hunters. Definitely they should alternative something but not. Here hunters will be worried this simple.
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Kyc is not important in most bounties. Some project's team wants, bounty is mandatory for the campaign. Because they collect data to make their payment. Some: The reason for giving Kyc to the project is that it gives the facility to present the project to the exchange team in a better way. So this matter is not unknown to anyone. However, there are some projectors that will come or will come in the future, which are still fraudulently removed from the market after kyc. As there was a campaign a few days ago, I also participated in the campaign. That is clipx. After completing the campaign, the KYC is mandatory, then they have committed fraud.
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It is necessary to immediately pay attention to the fact that the use of KYC for bounty hunters is illegal. According to the FATF recommendations of June 21, 2019, KYC can only be carried out for the prevention of dirty money laundering and combating the financing of terrorism and only if transactions exceed one thousand euros.
We cannot be suspected of laundering dirty money or financing terrorism, since we participate in bounty companies and do not invest in the project.
Recently, KYC for bounty hunters has been very rare and rightly so.
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This is not right at all That we do KYC at the end of the campaign. Even KYC was necessary, it would be good to get it done in the beginning of the campaign.Whoever succeeds in KYC will do work in the campaign. But after working it all, if for some reason it doesn't succeed Kyc then Hunters will not get anything And despite working hard, they will not be able to achieve anything which is not fair.Bounty managers should think about it.
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This is not right at all That we do KYC at the end of the campaign. Even KYC was necessary, it would be good to get it done in the beginning of the campaign.Whoever succeeds in KYC will do work in the campaign. But after working it all, if for some reason it doesn't succeed Kyc then Hunters will not get anything And despite working hard, they will not be able to achieve anything which is not fair.Bounty managers should think about it.
KYC at the end of the campaign is very detrimental to campaign participants, because the risk is if the KYC is rejected. So the campaign participants will certainly work in vain, of course this is different if KYC is done at the beginning of the campaign. If KYC is accepted we will continue to work, but if KYC is not accepted then we will stop.
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Actually, if KYC is announced when the first bounty is opened, I think it is okay and looks very fair, but there are some who need KYC after the bounty ends and the requirement to get tokens must pass KYC, I don't think it's fair. because it makes rules when the hunter will get the reward, and those who do not pass will not get the token. I think this is a small arena for the corruption they do.
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I actually don't like KYC at the end of bounties or airdrops. Because this really scares me the data will be misused. Moreover, the method with KYC is also less effective. Can still fill in basic data without this KYC.
We can talk for a long time about how honestly the campaign is being conducted, requiring the completion of the bounty to pass KYC, but the fact remains that no one is interested in our opinion. Therefore, everyone decides independently whether to pass verification or refuse it together with the earned coins.
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KYC at the end of the campaign is very detrimental to campaign participants, because the risk is if the KYC is rejected. So the campaign participants will certainly work in vain, of course this is different if KYC is done at the beginning of the campaign. If KYC is accepted we will continue to work, but if KYC is not accepted then we will stop.
Of course, this is something that is very unfortunate if Dev and the team really want to reduce participants and take advantage, they may say that KYC is not feasible and cannot accept prizes that belong to participants because they failed KYC. Nowadays it is almost often seen that many projects do not pay as promised from the start, without heeding any reasons put forward by the participants, in the end the participants just give up.
So it seems that if KYC is going to be used it is no longer strange that they do that, even though it could be like you said you have to do it from the start so that no one will suffer losses if they fail KYC they can not continue, don't just finish but eventually don't pass. but now it looks like BH doesn't have any power if they don't pay. It should be that from registering at BTT / Alt they should have made a deposit to the Admin so they can't escape their responsibility.
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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.
This is true and highly recommended. I would say it is not only about the KYC alone, some of the Bounties too after allowing bounty hunters to finish the campaign, you see where things are been changed. Most recently is the Bounty campaign for Student Coin STC where the project owners reversed the payment type and amount after 10 weeks of the campaign claiming that they never said they will pay the total amount of coins that is stated on the Bounty page and they never mention this in the whole 10 weeks until the end.
If possible, I like the Forum owners to get involved in this to help correct issues like this where Project owners believe that they can do whatever and nobody can do anything after they have used the platform to promote their project and they refuse to pay.
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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.
I completely agree with you on this issue. Аll bounters, do not like this, as well as delays in the payment of tokens in connection with this KYС. There is no trust in such projects and there is no desire to store their tokens.
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Here you need to understand for yourself, if the project is worthwhile, then you can pass KYC, now for example, almost all exchanges ask for KYC, so this is already part of the norm, I don't see anything wrong here, but only if you are confident in the project.
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Here you need to understand for yourself, if the project is worthwhile, then you can pass KYC, now for example, almost all exchanges ask for KYC, so this is already part of the norm, I don't see anything wrong here, but only if you are confident in the project.
Yes, no problem with KYC if you decide to do so for a bounty BUT that MUST be announced in the beginning before you register and engage in the bounty work and NOT after. KYC for exchanges are done before you start trading in the exchange or they will let you know that without KYC, you have such and such limitations to transactions. For me, it is about transparency, what is required before the work starts.
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Here you need to understand for yourself, if the project is worthwhile, then you can pass KYC, now for example, almost all exchanges ask for KYC, so this is already part of the norm, I don't see anything wrong here, but only if you are confident in the project.
You can pass KYC, but only if you know the amount you will be rewarded. I think you will agree with me that passing KYC to get $10-20 looks stupid. You will spend more on a transaction to exchange, compared what you have earned. I've noticed that it is become common to ask to pass KYC before final spreadsheet is calculated.
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Here you need to understand for yourself, if the project is worthwhile, then you can pass KYC, now for example, almost all exchanges ask for KYC, so this is already part of the norm, I don't see anything wrong here, but only if you are confident in the project.
You can pass KYC, but only if you know the amount you will be rewarded. I think you will agree with me that passing KYC to get $10-20 looks stupid. You will spend more on a transaction to exchange, compared what you have earned. I've noticed that it is become common to ask to pass KYC before final spreadsheet is calculated.
Exactly. Why won't that be put forward from the start so that whoever decides to Do KYC for some token you don't even know will eventually hit the exchange can go ahead and do that but after the campaign or almost the end, campaign owners are now asking to complete a KYC is a NO NO for me too.
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I also don't like it when every bounty changes the rules at the end or the bounty reward distribution, especially regarding KYC. If from the start the KYC rules were included it would be easier to decide whether to join the project or not. My estimate is that many use KYC at the end of the bounty but the result is a scam like the Clipx bounty example.
Announcement of KYC before the commencement of the campaign will enable some hunters who like to work anonymously to seek other bounty campaign that does not require KYC however it is very unfortunate that some bounty managers only announced mandatory KYC at the end of a campaign thus denying some hunters who might not like to work anonymously. this is common when the project is likely resulting to a scam.
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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.
I don't agree to share KYC at the end of bounty, I think It's just scam.
They should explain it at the beginning.
I have joined several bounty no KYC, I think It's more safe, not to share KYC at their project.
That's more risky, several projects are scam.
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To me kyc at the end of bounty is cheating, because agreement is agreement, because if the manager felt they need kyc, it should be from inception not at the latter end.
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To announce the obligation to undergo the KYC procedure for bounty hunters at the end of the campaign is not fair and means deception. I think that in this way they want to force some of the participants to refuse the reward.
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This is becoming the new pattern at which signature campaigns projects are using as a means of cheating and defrauding its bounty hunters from receiving their rewards. At the point of starting a campaign on a project, the need for KYC will not be stated, when the project comes to a successful end, then different selfish ideas will start coming up so as not to pay the hunters of the campaign.
This is now a new form of scamming bounty hunters, as it was not from the inception of the campaign, bringing it later on is totally unfair.
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You do not need to travel to have a passport.
In my opinion, many experienced bounty hunters know very well that in projects we sometimes have to do KYC.
It is NOT to get angry, but it is not the Bounty managers in the end who ask for this...
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To me kyc at the end of bounty is cheating, because agreement is agreement, because if the manager felt they need kyc, it should be from inception not at the latter end.
That's right, Mate, KYC at the end of the Bounty is cheating committed by the Bounty Team. Because there will be many participants who will not do KYC or will also not accept KYC. Thus the Allocation for Bounty will be reduced, and it is very detrimental to Bounty participants who are already working.
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To me kyc at the end of bounty is cheating, because agreement is agreement, because if the manager felt they need kyc, it should be from inception not at the latter end.
That's right, Mate, KYC at the end of the Bounty is cheating committed by the Bounty Team. Because there will be many participants who will not do KYC or will also not accept KYC. Thus the Allocation for Bounty will be reduced, and it is very detrimental to Bounty participants who are already working.
We ever see several projects are scam because we must share KYC at the end of bounty.
I think bounty manager should have agreement at the beginning before they launch bounty project.
Don't share your ID for scam project.
I don't agree with this way, that's scam.
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Kyc is not enough for one project, there are many good projects in which projector rewards are distributed even if KYC is not done. While the Student Coin Project has been one hundred percent successful, Bounty has been unfaithful to the Hunters. So I don't believe in KYC projects.
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As long as I joined the Bounty from 2017, I will do KYC if the team asks for it but I will see how much reward I receive from that bounty. This situation looks complicated, but we can refuse KYC or do KYC according to our wishes, but still be careful because there are many projects that end in fraud
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i think that the request for Kyc has reduced if not, has stopped. we hadly heard bounty managers requesting for kyc recently. apart from what transpired between bounty detective and collective. i think there are no campaigns currently requesting for KYC. maybe there are others but i can't say
Also this depends on the manager incharge of the project.
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As long as I joined the Bounty from 2017, I will do KYC if the team asks for it but I will see how much reward I receive from that bounty. This situation looks complicated, but we can refuse KYC or do KYC according to our wishes, but still be careful because there are many projects that end in fraud
If we decide to do KYC based on the reward we hope to receive which might make you think of doing the KYC, what happens if that project too with high rewards turns out to be a Scam/Fraud? I don't really think I have ever done any KYC for a bounty and don't think I will even though KYC for exchanges can as well be as bad as KYC for the bounty I would rather do KYC for an exchange than Bounty.
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I could not understand why you are upset about kyc as now kyc is very rare for bounty hunters and its only for investors. Actually when they launch a project and if their govt give this kind of criteria, they have to quarey KYC as terms and conditions. I think we should take KYC as positive thing so that cheaters can avoid real men in bounty.
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it is not at all fair to request the kyc only at the end of the bounty, the rules must be clear from the beginning, the bounty manager at the beginning of a campaign must best specify all the conditions after how long the payment will be made and if kyc will be required, according to me this is a sign of seriousness
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Well it's not as if KYC is bad but it would have been better to state it at the start of the Bounty because not everyone got the required passport or ID cards, so it's really not fair after working for a period of time of Bounty participant won't get his rewards because of not being able to pass the KYC process, so it should be stated at the start so as to make every participant be aware
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I could not understand why you are upset about kyc as now kyc is very rare for bounty hunters and its only for investors. Actually when they launch a project and if their govt give this kind of criteria, they have to quarey KYC as terms and conditions. I think we should take KYC as positive thing so that cheaters can avoid real men in bounty.
To me I don't think it is the KYC that is the issue per se but if the KYC will be demanded at the end of the bounty program. What will happen to the bounty hunters that would eventually not be able to do the KYC after they have finished all the bounty for the period? Would they miss out because they couldn't complete the KYC? I believe everything about the requirement to qualify as a participant in a bounty should be stated out from the begining.
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I could not understand why you are upset about kyc as now kyc is very rare for bounty hunters and its only for investors. Actually when they launch a project and if their govt give this kind of criteria, they have to quarey KYC as terms and conditions. I think we should take KYC as positive thing so that cheaters can avoid real men in bounty.
Actually, KYC is no problem if it's only for investors with certain goals that are an obligation, but for bounty hunters it will obviously be different, because many don't want KYC because they are just helping. The problem is that if it has been informed from the start that there is KYC, it is clearly not a problem, especially if it is immediately informed that KYC has passed or not, so that it can continue the bounty hunter, but if the information behind it is clear that there are bad intentions, they may not pass it for the purpose of not paying.
To me I don't think it is the KYC that is the issue per se but if the KYC will be demanded at the end of the bounty program. What will happen to the bounty hunters that would eventually not be able to do the KYC after they have finished all the bounty for the period? Would they miss out because they couldn't complete the KYC? I believe everything about the requirement to qualify as a participant in a bounty should be stated out from the begining.
That's right, indeed, if KYC is done after the project is finished, of course we can interpret something, there could be Dev's intention and the team really wants to reduce the bounty hunter recipients so they don't qualify. which obviously they can reduce the payment to bounty hunters. Of course this is clearly unfair and not commendable what they did. but this kind of behavior seems to have become a frequent goal.
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I could not understand why you are upset about kyc as now kyc is very rare for bounty hunters and its only for investors. Actually when they launch a project and if their govt give this kind of criteria, they have to quarey KYC as terms and conditions. I think we should take KYC as positive thing so that cheaters can avoid real men in bounty.
If the project is not scam, I think we can take KYC. But we must be careful to share your ID.
Too many projects are scam.
They just take our ID and not distribute the tokens reward.
Maybe other member ever have this experience, it's bad .
I don't agree to fill KYC form, when I don't confident , the project is legit.
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To me I don't think it is the KYC that is the issue per se but if the KYC will be demanded at the end of the bounty program. What will happen to the bounty hunters that would eventually not be able to do the KYC after they have finished all the bounty for the period? Would they miss out because they couldn't complete the KYC? I believe everything about the requirement to qualify as a participant in a bounty should be stated out from the begining.
In principle, any requirement to pass verification is illegal, since bounty hunters are not investors and receive tokens for doing the work. Such a requirement can only be legal for project investors.
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Many hunters don't like to provide the KYC because they are concerned about their data that can be misused so they join the campaign only when the admin doesn't ask the KYC but in many bounties, rules changed and they ask for KYC for an uncountable reason. I also feel it doesn't look good when you ask the KYC at the end of the campaign rather than asking in the starting so that those who do not want to provide its KYC will not join the campaign. Yes, majority of the hunter does not have the passport they have their national identity card but I also witness in the last 3 years I also ask for the passport in 2-3 bounties so far and I failed to provide and lost my rewards.
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Many hunters don't like to provide the KYC because they are concerned about their data that can be misused so they join the campaign only when the admin doesn't ask the KYC but in many bounties, rules changed and they ask for KYC for an uncountable reason. I also feel it doesn't look good when you ask the KYC at the end of the campaign rather than asking in the starting so that those who do not want to provide its KYC will not join the campaign. Yes, majority of the hunter does not have the passport they have their national identity card but I also witness in the last 3 years I also ask for the passport in 2-3 bounties so far and I failed to provide and lost my rewards.
I think the project team should announced this at the beginning of bounty as general rules
I agree with you, bounty hunter prefer to join bounty that didn't ask KYC,
I personally don't like that and worry my private data will be misused by the team projects.
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I think the project team should announced this at the beginning of bounty as general rules
Yes, it should be. The bounty manager or the team of the project must announce if there will be KYC procedure to claim the reward. So, the participants are already aware of the KYC need. People who agree with that requirement can join, while people don't agree can ignore it.
I agree with you, bounty hunter prefer to join bounty that didn't ask KYC,
For the safety reason, we are better to avoid the bounty with KYC requirement. It is too risky sending our private data to the project team. How if our data will be sold in the black market then. I can't imagine if I find my data there.
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Now a days most of the project is being scammed, it is very clear that the scammers are very close to us. They are constantly looking for new strategies. KYC is usually done by the client of any projects. But I don’t think that it is not necessary for the hunters according to the current situations? Many of us will not be able to do this correctly due to lack of any documents. Ultimately hunters will face big losses.
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I could not understand why you are upset about kyc as now kyc is very rare for bounty hunters and its only for investors. Actually when they launch a project and if their govt give this kind of criteria, they have to quarey KYC as terms and conditions. I think we should take KYC as positive thing so that cheaters can avoid real men in bounty.
Actually, KYC is no problem if it's only for investors with certain goals that are an obligation, but for bounty hunters it will obviously be different, because many don't want KYC because they are just helping. The problem is that if it has been informed from the start that there is KYC, it is clearly not a problem, especially if it is immediately informed that KYC has passed or not, so that it can continue the bounty hunter, but if the information behind it is clear that there are bad intentions, they may not pass it for the purpose of not paying.
Totally agreed. However, projects must properly communicate the guidelines in advance to minimize expectation mismatches. Similarly, in my current experience running an active bounty campaign that does not need KYC, I've seen far too many false accounts that join the bounty without adhering to any of the aforementioned guidelines. They are only there to pollute the waters and create disruption.
The use of bots or bogus accounts in a bounty campaign benefits no one but the fraudsters. Due to the size of our prize, we will discard any invalid and dubious submissions and concentrate only on genuine entries. This increases the chances of ethical bounty hunters winning our bounty challenge.
I can't speak for other projects, but for us, a genuine user (not manufactured just for reward purposes) promoting a project with a genuine account is really welcomed.
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Now a days most of the project is being scammed, it is very clear that the scammers are very close to us. They are constantly looking for new strategies. KYC is usually done by the client of any projects. But I don’t think that it is not necessary for the hunters according to the current situations? Many of us will not be able to do this correctly due to lack of any documents. Ultimately hunters will face big losses.
Yes ,several projects are scam now.
Success project but not give the rewards as their promising.
Several asked KYC.
So, don't share your private ID there. I think we should learn their team more.
I don't agree about KYC at the end of bounty.
As you said I think they don't need the KYC, but it's just the reason.
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When a project team (something a responsible bounty manager will never do) requests to perform a KYC at the end of the reward, it can be for a number of reasons. One of those reasons may be that the team has had problems with the securities commission of some country. Another reason may be that the team wants to pay a lower amount knowing that few users will be willing to provide their personal information. And another reason may be that the team is not willing to pay and they want to sell the personal information of the participants in the deep web.
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Now a days most of the project is being scammed, it is very clear that the scammers are very close to us. They are constantly looking for new strategies. KYC is usually done by the client of any projects. But I don’t think that it is not necessary for the hunters according to the current situations? Many of us will not be able to do this correctly due to lack of any documents. Ultimately hunters will face big losses.
I also think so. KYC for bounty hunters won't necessary. KYC is necessary for only Investors for the purpose of their policy inaugurate. Hence bounty managers and team can be benefitted form altcoinstalks KYC verified status if they know better its pros and cons. Forum kyc here is safe and good for the crypto community if they think to avoid their extra action. KYC here is verified with 100% personal security and fully legal. So team and bounty managers can be benefitted from kyc here.
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I will advise all bounty hunters to avoid those bounties which require KYC. It may hack your personal information which is very harmful for you. We see many bounty programs are scamming after the end of the bounty program. So providing KYC may scam your information. Don't take the risk.
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I will advise all bounty hunters to avoid those bounties which require KYC. It may hack your personal information which is very harmful for you. We see many bounty programs are scamming after the end of the bounty program. So providing KYC may scam your information. Don't take the risk.
You're right, I personally if bounty hunters use kyc, I better not follow, there are many more that don't need kyc.
And even the gifts given are bigger
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I will advise all bounty hunters to avoid those bounties which require KYC. It may hack your personal information which is very harmful for you. We see many bounty programs are scamming after the end of the bounty program. So providing KYC may scam your information. Don't take the risk.
That's something that doesn't just happen only to bounty hunters. A few years ago, a project that gave a lot to talk about also required doing KYC to invest. The result was that the team disappeared with the personal data of more than 2,000 people. No one knows what happened next, but that data probably ended up on the deep web.
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Its really a disheartening thing. At the beginning of the bounty, no mention of KYC, then at the end they bring it up. I feel its dishonesty. They just don't want to pay up
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We all know that the BOunty Manager and team always have their right to change the rules of bounties. But, making KYC after the campaign ends in order to be able to receive the reward is not fair.
We all know that sometimes, this is done to eliminate the scammers in the project. But at least if this will happen, it is better, to tell the truth at the first time, not after the end of the project finished.
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Yes this should be looked into... Sometimes we go into depression, imagine working for 3months and at the end of the campaign they just come up with the idea of kyc, now many will loss their distribution offer. It should be stated earlier.
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I think KYC is very important at the end of the bounty program. Because scammers can't take advantage of this. However, after a long time, many users will not be able to participate if KYC is given for Bounty. So this is never good news for inactive users. Many users find KYC a nuisance. However, I think the national KYC to protect users' information is very risky. This leaks information to many users can lead to various crimes.
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I think KYC is very important at the end of the bounty program. Because scammers can't take advantage of this. However, after a long time, many users will not be able to participate if KYC is given for Bounty. So this is never good news for inactive users. Many users find KYC a nuisance. However, I think the national KYC to protect users' information is very risky. This leaks information to many users can lead to various crimes.
Do you think it is very important to do KYC at the end of the bounty?. I can understand that some bounties need KYC by their nature, but what I cannot understand is that it is a mandatory requirement after finishing the bounty. The rules must be clear from the start, otherwise it may be just another scam, and sadly we have enough.
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Actually I don't see the point of requesting kyc from hunters while most of the project team are anonymous, it is not good to be asking kyc from hunters, even projects who didn't request kyc in the beginning after bounty has ended they will request kyc, many hunters who don't want to go through kyc process will then forfeit their reward, very bad.
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I think bounty requesting for kyc is a really bad in bounty because kyc is just revealing of identification, and some bounty managers always introduce kyc due to they don't really want to pay all hunters which is really bad after working for them they won't really want to pay you. I believe all bounty should stop requesting for kyc.
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It must be remembered that, according to FATF recommendations from June 21, 2019, which are mandatory for more than 200 states, the KYC should be applied only to prevent the laundering of dirty money and fighting terrorism financing and only in cases where the transaction will exceed one sum Thousand euro. This means that in fact KYC against head hunters is illegal. It is already pleased that fewer teams are now required by the KYC procedure.
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This means that in fact KYC against head hunters is illegal. It is already pleased that fewer teams are now required by the KYC procedure.
KYC is not really necessary for bounty hunters, I will not do KYC if it is a requirement to join their project. especially with the excuse of avoiding dual account participation. it doesn't make sense
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KYC is not really necessary for bounty hunters, I will not do KYC if it is a requirement to join their project.
Unfortunately, some bounties just announced the requirement for KYC after the bounties ended. If you didn't do the KYC procedure, you won't get your payment after working for months. Can you imagine that fact? I really hate the team projects who apply the KYC procedure like this way. It is like a trap for the bounty hunters who don't want to do KYC procedures. What do you think?
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KYC is not really necessary for bounty hunters, I will not do KYC if it is a requirement to join their project.
Unfortunately, some bounties just announced the requirement for KYC after the bounties ended. If you didn't do the KYC procedure, you won't get your payment after working for months. Can you imagine that fact? I really hate the team projects who apply the KYC procedure like this way. It is like a trap for the bounty hunters who don't want to do KYC procedures. What do you think?
In that case, I think it depends to the allocation, market price of the token, and how the team ensure the security to protect hunters identity.
KYC, Worse case scenario or Worth case scenario.
BD catches the hunters interest with regards to KYC. They did/do not obligate the hunters to process KYC.
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The condition of KYC bounty is not legit bounty project. If we look through the former bounties to ask for KYC according to my opinion most of them are not get their desire position. I think it's a strategy to find hunters fault. If KYC is required in any project then that should be ask first. I don't think it is appropriate to ask for it at the end of work.
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The issues of kyc in bounty campaign after when the hunters finish their work and the campaign team will start to demand kyc is so alarming and I think this problem is supposed to be addressed since last two years, I have loosed my reward serveral times because of the issue of kyc and this actually happens when you are participating in a Cryptocurrency exchange bounty campaign.
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Due to protests in various forums, KYC no longer wants most of the bounty projects. Even then, if a project needs KYC, I think the project team should be told at the beginning of the project; Whoever will choose will work on the project. I personally do not support KYC, as it can hack personal information which is extremely harmful for everyone.
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KYC at the end of a bounty without any advance notice is a very bad thing in a bounty campaign, and i hate it so much.
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There is both good and bad aspects of KYC. Multiple accounts is one reason for demanding KYC but the genuine persons have no problem to provide KYC.
But here is not a matter of genuine peoples or multiple accounts. While there is a matter of genuineness of company. After the completion of bounty campaign if they demands for KYC then this thing clearly shows that, they don't want to pay bounty hunters for there promotions and it's not a good thing.
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If we think about the essence of KYC and understand what its main function is, we clearly see that it is only necessary for investors in some projects, not for bounty hunters, since the bounty hunters do not make any economic investment in the project, they simply help to promote it. When a project requires KYC for bounty hunters, it should be a red flag.
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KYC at the end of a bounty without any advance notice is a very bad thing in a bounty campaign, and i hate it so much.
I also think it is bad after bounty ended. If any project wants KYC, they should clearly state before bounty launch. Many projects want to cheat bounty hunters, so they try to find any cheating reason. Hence KYC is one of the way by which they reject many participants as well as delays payments. Some sites disclose kyc documents with outer sites by money. This is very bad.
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Now this problem has almost disappeared. Rarely are projects requiring KYC. But until a few years ago, this really was a problem for bounty hunters. The project teams demanded KYC mainly after the end of the bounty, and after a certain long time, when many had already ceased to be interested in this project. Thus, some of the bounty hunters did not know about such a requirement and, therefore, in the end, did not receive the earned tokens.
It should be said that KYC is completely illegal for bounty hunters. It should be carried out exclusively for the prevention of dirty money laundering and combating the financing of terrorism.
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I believe this is other shape of easy contortion. perhaps the administration is over grasping and egoistic because if they desire to device KYC it should be published at the opening of the adventure in command to be pure.
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KYC at the end of a bounty without any advance notice is a very bad thing in a bounty campaign, and i hate it so much.
I also think it is bad after bounty ended. If any project wants KYC, they should clearly state before bounty launch. Many projects want to cheat bounty hunters, so they try to find any cheating reason. Hence KYC is one of the way by which they reject many participants as well as delays payments. Some sites disclose kyc documents with outer sites by money. This is very bad.
it's not strange anymore every bounty will always make a lot of losses that occur to bounty hunters, where one of them is by making a kyc request after the bounty ends when making payments.
agree with you, this is one way that many bounty hunters finally resign, and they end up benefiting. because they only aim to take advantage of the bounty hunter's inability to do what will be asked.
Actually, there are many ways that can be done to bounty hunters so that not everything can be paid, perhaps the most effective so far is the KYC request, because it is clear that many do not want to do that because the risk to be borne will not be proportional to what they will receive.
but the act of requesting kyc after the bounty is over is an unrighteous act and this is clearly not a good thing for them to do, it is wiser to say from the start before the bounty is executed is a very good thing.
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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.
Yes, It's not fair.
Don't do KYC at the end of this year if you doubt the team will never pay the rewards.
Because several time I have joined bounty, then they ask KYC at the end of bounty but never paid.
I think They are scammer.
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I do not understand at all why the KYC procedure is necessary for those who participate in the bounty campaign. This is necessary for investors, they need confirmation of the "purity" of their income. And bounty hunters receive money from the project for the work done, therefore, it is more logical for the team to go through KYC, and this does not always happen. Therefore, I am generally against KYC, even before or after the bounty.
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Due to protests in various forums, KYC no longer wants most of the bounty projects. Even then, if a project needs KYC, I think the project team should be told at the beginning of the project; Whoever will choose will work on the project. I personally do not support KYC, as it can hack personal information which is extremely harmful for everyone.
The manager only wants to see that there are no multiple accounts in the campaign but there are other ways to do that, that will compromise the sensitive information of the bounty hunters, I don't like to undergo KYC, because you don't know what's going to happen to your information after the bounty is over and the project to be a scam.
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If we think about the essence of KYC and understand what its main function is, we clearly see that it is only necessary for investors in some projects, not for bounty hunters, since the bounty hunters do not make any economic investment in the project, they simply help to promote it. When a project requires KYC for bounty hunters, it should be a red flag.
That's right, I tihink bounty hunter shouldnt do KYC,
nothing interest there, They just steal our data and will misuse it. SKIP KYC for bounty hunter, It's just a scammer.
Bounty hunter help to promote their project, not more.
agree with you , KYC should be investor when we participate in IDO or ICO
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I will leave the project if the bounty manager asks for KYC, on the one hand, there are many participants who commit fraud, but the team and manager can track them through the participants' wallets and ips.
Even current IDO doesn't need KYC, because current DeFi platform already has IDO feature and it doesn't require KYC (solanium,polkabridge) many good projects use their services
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There is nothing we could do about it if a certain campaign requires KYC for their workers. If you do not wants to do kyc then just simply avoided that project. I think most project don't want any KYC from their participants expect some fews who are very serious about preventing and violation of rules.
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There is nothing we could do about it if a certain campaign requires KYC for their workers. If you do not wants to do kyc then just simply avoided that project. I think most project don't want any KYC from their participants expect some fews who are very serious about preventing and violation of rules.
The issue of KYC will not actually be crowded if it is not misused by policy makers in the bounty, if only they are wise and really want no one to abuse it by doing KYC is something that must be supported. but don't do the bounty organizer when the bounty is over, this is the problem.
because maybe there are still many who don't want to join the bounty or anything with kyc, because their personal privacy doesn't want to be known or it can be misused later. organizers should also understand this in order to provide more accurate information from the start.
In fact, this is the point of the problem that must be changed and improved in the future so that they both benefit.
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I no longer want to participate in bounty campaigns with the obligatory passage of the KYC procedure and therefore I am against this condition appearing after the bounty campaign.
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I don't know if I've ever said it, but when a team asks bounty participants to do the KYC it is just an excuse not to pay or to pay less. They know perfectly well that this will prevent the vast majority of participants from doing the KYC to maintain their privacy, it is another mechanism to mislead people and even if a small number of participants do the KYC it is very likely that they will not finally receive their payment. The KYC in bounties is a big red flag that warns us.
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Here is a contradiction between the two one is positive and another one is negative both are right according their own situation. the negative thing is we know the scammer are tries to know your information by the way and if i think positively then i have to say that many projects they want to know their customer information according to the lawsuit. So awareness is the solution of this issue.
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I no longer want to participate in bounty campaigns with the obligatory passage of the KYC procedure and therefore I am against this condition appearing after the bounty campaign.
You need to be ready to always pass KYC in order to receive a reward. Of course, the one who provides tasks in the form of a bounty company must present correctly. It is necessary or not necessary to undergo verification.
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I never appreciate those bounty project which require to complete identity verification after completing bounty. I think if any project require id verification that should be in the starting of the project then if any one want to continue then its upto him or her personal matter but after completing its so disgusting for us. So i suggest every project and manager for requiring id verification must be starting of the project.
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Kyc is not need For bounty. its my personal opinion. Kyc for investor. Bounty hunter Work and getting token. Why kyc need for bounty payment. Maximum time we see when bounty end after 1 month they want kyc. but hunter did not see this announcement. And he cannot. And did not received payment. its irrational.
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I think why they don't announce it as at the beginning is its for malicious purposes. If they do, many bounty hunters would not engage. So they wait till the end. Sometimes its the team that brings such rules
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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.
It always the big problem, if the team project ask KYC at the end of bounty.
They should wrote this at general rules, not ask at the end.
It will be the big problem for bounty hunters
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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.
It always the big problem, if the team project ask KYC at the end of bounty.
They should wrote this at general rules, not ask at the end.
It will be the big problem for bounty hunters
Youre right, if they want to ask KYC , I thin they should wrote at the rules.
We must be careful, If their scammers, they will misused our personal ID.
It will the big problem for us at the coming future, I think.
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I have an extremely negative attitude to KYC, and I completely agree with you, because the rules need to be discussed first by the bounty company, it's extremely unpleasant when you try, and in the end the rules of the game change.I avoid such bounty managers.
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I have an extremely negative attitude to KYC, and I completely agree with you, because the rules need to be discussed first by the bounty company, it's extremely unpleasant when you try, and in the end the rules of the game change.I avoid such bounty managers.
I always refused to share my personal ID, If I didnt confident to their projects, They should talk about this at the their rules.
Not ask our KYC at the end of the bounty, It is scam.
I often see this case and in the end their project failed
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I have an extremely negative attitude to KYC, and I completely agree with you, because the rules need to be discussed first by the bounty company, it's extremely unpleasant when you try, and in the end the rules of the game change.I avoid such bounty managers.
I always refused to share my personal ID, If I didnt confident to their projects, They should talk about this at the their rules.
Not ask our KYC at the end of the bounty, It is scam.
I often see this case and in the end their project failed
it seems that this is always done by them to cover their incompetence or projects that are not carried out in accordance with the correct provisions. the possibility of a scam is very possible and usually always will happen like that.
but their intelligence is, they will always do when the bounty is finished, of course it will disappoint the bounty participants.
The solution that must be done is of course difficult to do if the bounty has been completed, apart from starting from the beginning, but they know that they will not ask for it at the beginning, because many will not follow.
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The solution that must be done is of course difficult to do if the bounty has been completed, apart from starting from the beginning, but they know that they will not ask for it at the beginning, because many will not follow.
Yes, I think They should ask at the beginning when bounty will launch not ask at the end of bounty.
It will make participants annoy.
Bounty manager should know about it, Although project team ask KYC.
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You need to be ready to always pass KYC in order to receive a reward. Of course, the one who provides tasks in the form of a bounty company must present correctly.
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The solution that must be done is of course difficult to do if the bounty has been completed, apart from starting from the beginning, but they know that they will not ask for it at the beginning, because many will not follow.
Yes, I think They should ask at the beginning when bounty will launch not ask at the end of bounty.
It will make participants annoy.
Bounty manager should know about it, Although project team ask KYC.
KYC can be done on investors, but not on bounty hunters. According to the FATF decision of June 21, 2019, KYC is carried out exclusively for the prevention of dirty money laundering and combating the financing of terrorism and only if the transaction amount exceeds one thousand euros. Bounty hunters don’t contribute their money, which means they don’t have to go through KYC.
If the team asks for KYC, this should already be suspicious.
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KYC in a bounty is pretty much useless thing. Why this should even be needed to pass it? I mean is the project an authorized institution to collect all private data or not. Good point is, un can give out of date documents or put a water mark on a document to prevent its future usage. Projects are not as strict as exchanges in a question of KYC.
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Yes, this is the prime issue when the KYC gets rejected. They all know better every hunter does not have a passport so rejection for rewards is inevitable. It's not like that in every KYC we ask for the passport only 1-2 bounties where I have been asked to give passport but I failed to provide so lost the reward but BM should state in the starting KYC is must so that if one has not KYC docs will not participate in the bounty to waste their time. Things should be crystal clear for the hunter at the beginning of the campaign later on asking for KYC is not good some says for compliance we need KYC if they need KYC they must know in advance also that they need it so they should ask for KYC in the starting, not at the end of the campaign.
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This OP is from 2018? which are most of the bounty managers are not aware of the feelings with the bounty participants. unlike today most of the bounties have that disclaimer in the Bounty Thread which just in case if something has of change of the rules the participants are already aware because they have agreed on the disclaimer before they have joined the bounty campaign.
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This OP is from 2018? which are most of the bounty managers are not aware of the feelings with the bounty participants. unlike today most of the bounties have that disclaimer in the Bounty Thread which just in case if something has of change of the rules the participants are already aware because they have agreed on the disclaimer before they have joined the bounty campaign.
(https://i.imgur.com/H3ROqKX.jpg)
That right there and I believe that this act by Bounty owners is more of a new scan to play centers. Why would a bounty owner put such kind of clause so that at the end of the day they can fall back to that when it comes to KYC and if they are sincere I don't see a reason while you can't just say this in the first go.
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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.
Agreed with this issues but I think this is not the bounty manager fault but this is team fault. Because most of the time project team change their planning style and different system. And bounty manager has nothing to do in this case but what they can do? Bounty manager just can listen what the project team said to him or her. But this is bad when they ask for kyc at the time of distribution .
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All these points should be initially written in the rules, so that a person would understand whether he wants to participate in this project on such conditions or not.
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I believe that applying KYC to bounty participants is superfluous because those who launch their ICO can register their ICO in a jurisdiction where ICO projects are not prohibited and are not subject to the jurisdiction of financial control bodies of USA,
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All these points should be initially written in the rules, so that a person would understand whether he wants to participate in this project on such conditions or not.
You're right, it should be written in the bounty rules, but that's the trick. A team that makes a bounty and knows in advance that they won't pay can use it as an excuse at the end of the bounty. It's simple, "We reserve the right to change the rules", and when the bounty ends, team says KYC is mandatory. That way, when the bounty hunters and the bounty manager ask the team for an explanation, they just have to say "Read the rules".
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I believe that applying KYC to bounty participants is superfluous because those who launch their ICO can register their ICO in a jurisdiction where ICO projects are not prohibited and are not subject to the jurisdiction of financial control bodies of USA,
Yes, this is true, but it all depends on the purpose of the company and the countries that the project is focused on. I also do not like it when you need to go through KYC, confirm your phone number, place of residence and take tests to receive the tokens earned in the bounty campaign. 😀 I try not to participate in campaigns with a lot of requirements for participants
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It’s a big mistake for us in completing KYC just to claim the airdrop and bounty rewards (especially if passport is required and clearly a danger for identity theft). I’ve made a mistake before during my early days of being a bounty hunter, where I have complied in submitting my KYC using my national ID and then all of a sudden they have called off the distribution.
It’s okay to lose the rewards, coz’ our identities are way more important and expensive than that.
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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.
By seeing many opinion here, I think I agree.
That's not fair if the team ask KYC at the end of bounty
I think they are scammers.
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The idea of KYC is really for frustrating for some bounty hunters who fail to pass. Others also think that it make the project look legit.
Some time this is frustrating because most of the bounty hunter don't have NID card or passport something else. Also they work with the target that they will not need any kyc but if the target become wrong, they star to be frustrated. yah some time project team bring the rule of KYC just to ensure their security. In fact, when a project goes for KYC verification or something else like that many investor start to think that the project will be good in future.
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some time ago I often encountered KYC in every existing bounty campaign and in my opinion it is very risky and makes your privacy open, KYC should not need to be done because the data you deposit to project developers can be misused for actions that are not you know.
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As practice shows, many projects that required bounty hunters to provide their personal data ended in complete failure. Therefore, if the organizers initially or during the campaign require to go through the KYC procedure, then I try not to participate in such a bounty.
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I do not participate in bounty programs that require KYC. Because it is not correct for me to provide my credentials for the token. I don't do this. They must be specified from the very beginning. Otherwise, I would think that they are malicious.
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It is not right to ask for kyc at the end of a bounty. If kyc is compulsory, it should be said at the beginning of the bounty campaign. Because many times some countries do not allow. So they do not complete kyc. As a result, they will know it at the beginning.
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Most ask for KYC at the end of the reward and close to payout for reasons like bots or multiple accounts.
which in the end many of us fail in the process because we don't have documents like passports to back it up or for privacy reasons we don't want to be misused later.
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Most ask for KYC at the end of the reward and close to payout for reasons like bots or multiple accounts.
which in the end many of us fail in the process because we don't have documents like passports to back it up or for privacy reasons we don't want to be misused later.
this is one of Dev's wits and deception, of the various ways to be able to do things for his benefit. so that the prizes to be distributed will be smaller and they will hope that there is an excess or maybe hope that the price does not go down because after distribution, bounty hunters usually sell immediately.
It is clear that if the participants are informed at the end, there will be a dilemma for the participants because there are many considerations that can occur and do not need to be published. but the KYC trick is one of many actions that can be done, but seems to be very effective in getting many participants to quit.
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Sometimes this is really a big deal for hunters, it would have been more acceptable if BM had announced it at the beginning of the bounty campaign. Sometimes some projects still distribute tokens to a CEX, then hunters need to do KYC on that CEX to be able to trade tokens. Hunters should look into similar cases.
I don't like KYC in bounty campaign
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kyc at the end of the bounty is very detrimental to bounty hunters.
because not everyone wants to share their personal account with others, for fear of being misused
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I do not participate in bounty programs that require KYC. Because it is not correct for me to provide my credentials for the token. I don't do this. They must be specified from the very beginning. Otherwise, I would think that they are malicious.
Right, you can know this if they specified it from the beginning, and of cause, they will not do this because they understand that most bounty hunters will not promote that bounty because of those KYC requirements plus they like to use Bounty hunters and do not want to pay because they also understand that some hunters will not want to do the KYC and neglect the pay altogether, so as far as I am concerned, this is anther form of scamming bounty hunters.
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In some cases I might consider passing KYC after bounty end, but the reward value must be really worth passing. But this must be a light version of KYC, document scan is a max, and hunter must have a chance to upload documents several times. Not like "KYC not passed and goodbye".
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kyc at the end of the bounty is very detrimental to bounty hunters.
because not everyone wants to share their personal account with others, for fear of being misused
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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.
I personally didn't like to fill KYC for bounty or airdrop.
I just do KYC at presale and exchange.
Do KYC at the end of bounty, It's scam.
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In some cases I might consider passing KYC after bounty end, but the reward value must be really worth passing. But this must be a light version of KYC, document scan is a max, and hunter must have a chance to upload documents several times. Not like "KYC not passed and goodbye".
"KYC not passed and goodbye" is something that unfortunately many "teams" put into practice, especially those that end up being scammers, or are so beforehand. In this way they make the participants believe that they will not receive their payment due to "problems" with their official documents. Therefore, the team does not pay and also has private information of the participants, being able to sell that information on the black market, as we have seen on occasion.
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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.
Its not a mandatory issue for all bounty .The problem usually happen when after completing bounty team ask for kyc .This will be a huge harassment for bounty hunter .So that before joining bounty you wil need to ask the team if they need kyc when start distribution .Some of the bounties ask kyc and most of the hunter fail to complete cause they don't have passport except NID .So i just wanna draw attention to the Manager they should clear the issue before starting bounty .I wanna say to the bounty hunter as well you need to be clear it before joining a bounty .
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I am totally against it. I understand that certain projects have their own reasons for KYC to avoid identity theft and fraud. But for bounty hunting, it’s not practical to perform KYC in their platforms (especially if they are requiring passports that would be very risky). Even if I have participated in that campaign and they require KYC, I choose to forfeit all of my stakes and rewards for the sake of my identity.
Our identities are much more expensive than what we have in our bank accounts. I am okay with KYC if we’re talking about top tiers like Binance, KuCoin, OKEx, etc.
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Even if I have participated in that campaign and they require KYC, I choose to forfeit all of my stakes and rewards for the sake of my identity.
Our identities are much more expensive than what we have in our bank accounts. I am okay with KYC if we’re talking about top tiers like Binance, KuCoin, OKEx, etc.
Me too, I always do KYC in exchange as you said binance, Kucoin,Okex but not for bounty campaign.
I think It doesn't have relationship between bounty and KYC.
I will forget this, and join other bounty.
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Some projects, after completion, had such a habit to confirm their identity in order to receive project tokens, as if they were sifting out the distribution of coins for participation. If the project is attractive and they are working on it, you can go through KYC to get tokens.
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I believe that passing KYC will cross the very philosophy of cryptocurrency. One of the advantages of cryptocurrency was anonymity, and now in order to get tokens it is necessary to undergo the procedure of full identity confirmation, as in a bank. It is especially unpleasant when you find out that you need to pass KYC when the bounty campaign is over and you are waiting for payment.
Yes, crypto is anonymous, bUt why we must fill KYC when join bounty.
Maybe we can fill KYC while register on exchange, presale or before join bounty, not at end of bounty. It's funny
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The solution to this issue of the requirement to pass the KYC after the end of the company's bounty is not a serious problem. I do not comply with this requirement although I will not receive this award.
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The solution to this issue of the requirement to pass the KYC after the end of the company's bounty is not a serious problem. I do not comply with this requirement although I will not receive this award.
In fact, this regulation is something that I don't think is worth doing, if it is necessary to do KYC then this rule must be applied at the beginning of the campaign. If this is the case, there will probably be many people who think and do the same thing as what you do.
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The solution to this issue of the requirement to pass the KYC after the end of the company's bounty is not a serious problem. I do not comply with this requirement although I will not receive this award.
I usually don't fulfill this requirement either. But I think it's a big problem. I think such demands are not honest. This should be known at the very beginning.
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The solution to this issue of the requirement to pass the KYC after the end of the company's bounty is not a serious problem. I do not comply with this requirement although I will not receive this award.
I usually don't fulfill this requirement either. But I think it's a big problem. I think such demands are not honest. This should be known at the very beginning.
Yeah, I think bounty manager should announced at the beginning the bounty program, maybe they should write on general rule how to join bounty.
Not ask at the end of bounty.
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The solution to this issue of the requirement to pass the KYC after the end of the company's bounty is not a serious problem. I do not comply with this requirement although I will not receive this award.
I usually don't fulfill this requirement either. But I think it's a big problem. I think such demands are not honest. This should be known at the very beginning.
Yeah, I think bounty manager should announced at the beginning the bounty program, maybe they should write on general rule how to join bounty.
Not ask at the end of bounty.
usually the bounty manager forgets to ask the developers about it and they provide information when the bounty campaign is over and in my opinion that is a cheating nature of the developer because when the developer gets an identity it can be used to make any transaction they want and that is very dangerous.
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yes i agree that the bounty manager must state at the beginning of the program must be kyc at the beginning or end of the bounty so bounty hunters don't feel disadvantaged
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yes i agree that the bounty manager must state at the beginning of the program must be kyc at the beginning or end of the bounty so bounty hunters don't feel disadvantaged
all seem to agree with what you say, because all bounty hunters always want to know clearly and clearly from the start the rules that should be done.
but the problem is that BM can't do anything when Dev asks to have to KYC for distribution to be accepted. because this is indeed one of the most unsympathetic ways of reducing costs.
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yes i agree that the bounty manager must state at the beginning of the program must be kyc at the beginning or end of the bounty so bounty hunters don't feel disadvantaged
I have not seen for a long time that the team of new projects at any stage requested KYC for bounty campaign participants. This is good, as it was a big problem for the bounty hunters. First of all, because the project team often used KYC verification in order not to pay participants in bounty campaigns the tokens they earned.
KYC verification was, in my opinion, illegal for bounty campaigners. The FATF has established its conduct only for the purpose of preventing money laundering and combating the financing of terrorism, and only if the transaction is worth more than one thousand euros.
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Well, The issue of kyc should have been ironed out before the start of the bounty to avoid controversy. Basically they often use it as technique to reduce payout of Of the number of workers after vigorous job done
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Asking KYC at the end of the campaign or before the distribution is very frustrating for hunters I believe it should be asked at the starting of the campaign and that would be fair. If is there any compliance issue I believe the project owner already knows about it in my opinion So saying to follow the compliance we have to provide KYC is cheating with hunters and I think many of the hunters are not holding Passport so asking specifically passport is not fair with hunters.
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Asking KYC at the end of the campaign or before the distribution is very frustrating for hunters I believe it should be asked at the starting of the campaign and that would be fair. If is there any compliance issue I believe the project owner already knows about it in my opinion So saying to follow the compliance we have to provide KYC is cheating with hunters and I think many of the hunters are not holding Passport so asking specifically passport is not fair with hunters.
I think bounty manager or the team should announce about KYC at beginning of their bounty, at general rule.
If they ask KYC at the end of bounty, I think we should rethink agian to share our national ID.
Because as long I joined bounty, many of projects which ask KYC at the end are scammers.
We must be careful, mate.
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I think bounty manager or the team should announce about KYC at beginning of their bounty, at general rule.
If they ask KYC at the end of bounty, I think we should rethink agian to share our national ID.
Because as long I joined bounty, many of projects which ask KYC at the end are scammers.
We must be careful, mate.
When bounty hunters are asked by a project team to perform KYC at the end of a bounty, it can be for any number of reasons:
• The team doesn't want to pay bounty hunters and uses KYC as an excuse, knowing that a large percentage of participants won't.
• The team believes that bots have been used to perform the various jobs.
• The team wants to use the official documents of the participants to sell them on the black market.
• The team may have legal problems if the data of the users who own tokens of their project are not known.
Those are usually the reasons most used by the teams, but they can also be for several of those reasons at the same time.
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So, I think its better to tell first before Joining bounty kyc required or not. It will helpful for joining there.
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KYC at the end of bounty, why they didn't announce at the beginning campaign launched.
It seem scam.
I personally don't believe about KYC at bounty campaign, I think They just want to collect our national ID and maybe will sell to other.
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I prefer not to pass KYC at the end of a bounty. Since every bounty is a lottery, KYC at the end equals to a loss in a lottery. If projects want to get rid of cheater, there are other ways to catch them. Sometimes it is funny to see that a decentralized project asks to pass KYC to get bounty reward. If it is centralized project, hunters should consider that before joining and dont join everything that is available.
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I prefer not to pass KYC at the end of a bounty. Since every bounty is a lottery, KYC at the end equals to a loss in a lottery. If projects want to get rid of cheater, there are other ways to catch them. Sometimes it is funny to see that a decentralized project asks to pass KYC to get bounty reward. If it is centralized project, hunters should consider that before joining and dont join everything that is available.
Its really good I think. There are a lot of scammers and cheaters from bounty hunters. Real people will get tokens. So KYC is good now. Every bounty manager should start this KYC system.
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For Bounty Managers, it seems that this must be fair at the beginning because the Bounty Manager is the one who can be a bridge to the CEO to be able to negotiate about KYC for bounty hunters.
If this negotiation fails, then the victim will have an impact on the bounty hunter participants and at the end of the campaign KYC will be held and this will be very difficult for those who do not want their privacy to be exposed.
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For Bounty Managers, it seems that this must be fair at the beginning because the Bounty Manager is the one who can be a bridge to the CEO to be able to negotiate about KYC for bounty hunters.
If this negotiation fails, then the victim will have an impact on the bounty hunter participants and at the end of the campaign KYC will be held and this will be very difficult for those who do not want their privacy to be exposed.
This sort of thing used to happen a lot in the Bounty project, but now it doesn't seem to exist anymore.
Many people or bounty hunters have complained, so this rule seems to be abolished.
And even if there are, this is very burdensome for some people.
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In every bounty campaign rules it is said that project can change rules anytime and in away they like. So basically it is normal for hunters to pass kyc. Everytime they join, they should be ready to pass kyc.
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KYC is needed but the present condition make it harder. As we know that it is one of the arm to scammers attract. If kyc need then it should be asking or written very beginning of the bounty launch but after ending the program they ask for kyc it should be avoided.
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Sometimes the project team does not inform the bounty manager that the particular bounty would have a KYC attached and so in the end, they just pop up with the notion
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KYC is needed but the present condition make it harder. As we know that it is one of the arm to scammers attract. If kyc need then it should be asking or written very beginning of the bounty launch but after ending the program they ask for kyc it should be avoided.
Bounty manager should annouce at the beginning of bounty project being launched, not at the end of bounty campaign.
It seems manipulation or scam.
Don't share your ID at their projects.
Because many scam projects ask KYC at the end of their bounty campaign.
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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.
This continued happening until now every time there is a new project arise here in the cryptocurrency, and I think this will not stop as long as there are some of the Bounty managers intentionally doing this, though I agreed this will be very unfair for those who can't able to comply it.
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Some scam bounty campaigns require KYC at the end of the campaign. Some of these are scams. I don't think it's very safe to send our credentials to such projects.
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The rules that are implemented in a bounty must also be respected by the team. Changing the rules after the end of the bounty without important reasons should be a huge red flag for the project. If the rules have to be changed to avoid possible legal problems in some countries, I think it would be easily acceptable for bounty hunters, but just asking for KYC is not. Requesting KYC without important reasons means that bounty hunters will not receive your coins/tokens, it also means that your private data will be sold and possibly used for criminal acts.
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I have experienced complying with the KYC in a certain bounty. But it turned out to be a potential nightmare because the project have failed and decided not to pay us after KYC completion. Thus, as bounty hunters, we are scared that our real identities will be sold in the black market by that company, but they did “claimed” about erasing all of our KYC details and never had extra copies for that. That was in 2020 I think, but at least they did complied because the ones who doxxed them may be forced to reveal the company’s true team members to the world and report to the interpol (as well as their addresses) if they do attempt selling our data to the black market.
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KYC is needed but the present condition make it harder. As we know that it is one of the arm to scammers attract. If kyc need then it should be asking or written very beginning of the bounty launch but after ending the program they ask for kyc it should be avoided.
Why did you decide that KYC is necessary in bounty campaigns? From the very beginning to the present, KYC has been used illegally in bounty campaigns. Also, as far as I remember, in June 2019, the FATF international financial group adopted recommendations that are mandatory for more than 200 member countries that KYC can only be used to prevent money laundering and terrorist financing, and then only in cases when the transaction amount exceeds one thousand euros. Participants in bounty campaigns do not fall into these categories, if only because they do not invest their own funds, but do work related to advertising cryptocurrency projects.
Recently, KYC checks in bounty campaigns are almost non-existent, and this is already a good thing.
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The rules that are implemented in a bounty must also be respected by the team. Changing the rules after the end of the bounty without important reasons should be a huge red flag for the project. If the rules have to be changed to avoid possible legal problems in some countries, I think it would be easily acceptable for bounty hunters, but just asking for KYC is not. Requesting KYC without important reasons means that bounty hunters will not receive your coins/tokens, it also means that your private data will be sold and possibly used for criminal acts.
You're right, I agree with you.
We should be careful to share our personal ID, As you said private data will be sold and possibly used for criminal acts.
It will happen if the team didn't have reason why we must fill KYC.
I think KYC at the end of bounty, it's clear.
They re scam project.
They should announced at the beginning, wrote at general rules.
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The KYC Bounty should have been at the beginning because it was a rule that the cryptocurrency community didn't like, not an excuse for duplicate accounts, scammers or multiple accounts, but the problem is with KYC.
In the cryptocurrency space, there are lots of people from various parts of the world and all of them have their own principles and KYC problems, some don't want to share their identities to the public and the reason is for security.
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Bounties in cryptocurrency are freelance and can be obtained without having to use KYC because I believe that for bounties in cryptocurrency, the more people who join, the better it will be to attract investors to the project.
But if the bounty in cryptocurrencies must be KYC then it will definitely be a big problem for those who follow it, especially at the end of the campaign and this is a trap that has been planned, it is the same as blocking or cutting the bounty allocation in the middle of the project.
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you're right, sometimes some bounty projects suddenly change the rules for anyone who wants to earn they have to go through KYC, I don't mind if it's an ID card, but if it's a passport it's very difficult because I don't have one. I sometimes feel like it's just forced labor because I don't get paid with the excuse of having to use KYC to receive coins.
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Previously, indeed, very often at the end of many bounties, companies was changing rules and bounty participants had to go through KYC, but recently such bounty companies come across very rarely, so everything has changed for the better, but unfortunately there are still bounty companies where at the end of the bounty you need to go suddenly through KYC.
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Previously, indeed, very often at the end of many bounties, companies was changing rules and bounty participants had to go through KYC, but recently such bounty companies come across very rarely, so everything has changed for the better, but unfortunately there are still bounty companies where at the end of the bounty you need to go suddenly through KYC.
Actually if we doubt to their project, better don't share your personal ID.
Yeah, I see now is better than last
Bounty manager announced if aks KYC at the beginning, that's normal if the team project ask it.
But If KYC at the end of bounty, forget it
They are not professional as BM and project team.
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Bounties in cryptocurrency are freelance and can be obtained without having to use KYC because I believe that for bounties in cryptocurrency, the more people who join, the better it will be to attract investors to the project.
But if the bounty in cryptocurrencies must be KYC then it will definitely be a big problem for those who follow it, especially at the end of the campaign and this is a trap that has been planned, it is the same as blocking or cutting the bounty allocation in the middle of the project.
agreed, bounty campaign just the way to promo codes their projects.
So I think it doesn't need KYC, different to ICO or IDO .
If we join IDO ,IDO or presale KYC is needed.
Because to reduce multy.
I always think If the bounty ask KYC, better to refuse those projects, join another bounty campaign.
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Previously, indeed, very often at the end of many bounties, companies was changing rules and bounty participants had to go through KYC, but recently such bounty companies come across very rarely, so everything has changed for the better, but unfortunately there are still bounty companies where at the end of the bounty you need to go suddenly through KYC.
It is possible that in some cases it is true that the company must perform KYC on all users to avoid legal problems in some countries, but personally I would not take any chances. The cases in which KYC is really necessary are very few, the rest of the cases are to sell user data, and we already know that it could be used to carry out illegal acts. I don't know what anyone else thinks, but I'd rather consider the time and work I've put into the bounty as a loss rather than hand over my personal data without knowing where it might end up.
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Previously, indeed, very often at the end of many bounties, companies was changing rules and bounty participants had to go through KYC, but recently such bounty companies come across very rarely, so everything has changed for the better, but unfortunately there are still bounty companies where at the end of the bounty you need to go suddenly through KYC.
It is possible that in some cases it is true that the company must perform KYC on all users to avoid legal problems in some countries, but personally I would not take any chances. The cases in which KYC is really necessary are very few, the rest of the cases are to sell user data, and we already know that it could be used to carry out illegal acts. I don't know what anyone else thinks, but I'd rather consider the time and work I've put into the bounty as a loss rather than hand over my personal data without knowing where it might end up.
Yeah, don't share our personal ID to fulfill KYC, although the bounty projects ask KYC at the end.
It sounds not good.
I think It's strange , they should ask KYC at the beginning when open the bounty project.
I filled KYC, But only at exchanger. Because I want to do transaction ,not hope about bounty tokens which doesn't clear. Scam or not.
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It's not fair if the KYC is at the end of the campaign!
I don't agree with KYC at the end of the bounty campaign!
Where I live, privacy is a priority and it is my right to protect my own data.
I don't want my personal data to be given to other people just because I have worked in the digital world like in this forum, sorry!
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It's not fair if the KYC is at the end of the campaign!
I don't agree with KYC at the end of the bounty campaign!
Where I live, privacy is a priority and it is my right to protect my own data.
I don't want my personal data to be given to other people just because I have worked in the digital world like in this forum, sorry!
Yeah, It seems not fair if we must fill KYC at the end of bounty.
As many people said It's strange .
Im never share my personal data to other except I know well their companies.
For bounty campaign, Sorry...Better never oin in that project.
maybe its scammers, will sell your data to other.
I often saw many scam projects have the same modus
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the need to pass KYC is very inconvenient for many and it takes a lot of time, especially if you participate in a large number of campaigns at the same time. I believe that applying KYC to bounty participants is superfluous because those who launch their ICO can register their ICO in a jurisdiction where ICO projects are not prohibited and are not subject to the jurisdiction of financial control bodies of USA, China and other countries that forbid their citizens to participate in the ICO.
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the need to pass KYC is very inconvenient for many and it takes a lot of time, especially if you participate in a large number of campaigns at the same time. I believe that applying KYC to bounty participants is superfluous because those who launch their ICO can register their ICO in a jurisdiction where ICO projects are not prohibited and are not subject to the jurisdiction of financial control bodies of USA, China and other countries that forbid their citizens to participate in the ICO.
You are right, but if the teams restrict their project only to countries that do not need KYC, they are closing many doors to countries where there are more investors and with greater investment capacity, and that is also a problem. The best (and most difficult) thing would be to be able to find an intermediate point so as not to harm the project, the investors and the bounty hunters, but as I have already said that is very difficult to achieve.
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Many projects and platforms for the initial sale of coins depend very much on the pressure of regulators from the jurisdiction in which they are registered and they have to do so that there are no questions about their product.
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I've a lot of bounties here in the forum even in the other platform like where in the beginning of their bounty there is no KYC required, but after the campaign finish the rules in the first place will of a sudden be changed, where the fault is not in the hunters instead it is in the fault or intentionally from the start of the bounty manager.
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I've a lot of bounties here in the forum even in the other platform like where in the beginning of their bounty there is no KYC required, but after the campaign finish the rules in the first place will of a sudden be changed, where the fault is not in the hunters instead it is in the fault or intentionally from the start of the bounty manager.
Yeah, majority of the project bounties here always ask KYC at the beginning
If we see the bounty project that ask KYC at the end of boounty, better leave it.
I ever join this bounty at the last, maybe at 2017.
The bounty that ask KYC at the end, and obviously, we know It's scam.
So be careful, I never fill KYC for the bounty, It's annoying.
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I think we should own consideration to share our personal ID for bounty project that might will be scam project.
It's really risk.
Better didn't share it..
There are several scam project that just collect KYC and will sell to other.
If they are legit project will ask KYC at the beginning, I agree with this.
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I think we should own consideration to share our personal ID for bounty project that might will be scam project.
It's really risk.
Better didn't share it..
There are several scam project that just collect KYC and will sell to other.
If they are legit project will ask KYC at the beginning, I agree with this.
Every time we do KYC, we really have to research the project we are participating in, it is very vulnerable and dangerous if it turns out to be a SCAM project.
The topic here is KYC at the End of the Bounty, and I totally disagree if there is such a rule.
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I think we should own consideration to share our personal ID for bounty project that might will be scam project.
It's really risk.
Better didn't share it..
There are several scam project that just collect KYC and will sell to other.
If they are legit project will ask KYC at the beginning, I agree with this.
Every time we do KYC, we really have to research the project we are participating in, it is very vulnerable and dangerous if it turns out to be a SCAM project.
The topic here is KYC at the End of the Bounty, and I totally disagree if there is such a rule.
Not only you, almost all of majority member here didn't agree to share their ID at the end of bounty. It seems just strategy to collect KYC.
I agree with you, and other that disagree to fulfill KYC for bounty campaign.
For presale or exchange I will do, but not for bounty campaign.
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Not only you, almost all of majority member here didn't agree to share their ID at the end of bounty. It seems just strategy to collect KYC.
I agree with you, and other that disagree to fulfill KYC for bounty campaign.
For presale or exchange I will do, but not for bounty campaign.
#DevelopmentTeam s know very well that bounty hunters don't want to share their private data with companies, that's why some teams that don't want to pay or want to pay less use the KYC excuse. That way the team doesn't pay a lot of coins/tokens and when the bounty hunters demand the teams pay they hide behind KYC, it's a shame but I've seen it on several occasions. Not many months ago something similar happened on this forum with a bounty.
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Not only you, almost all of majority member here didn't agree to share their ID at the end of bounty. It seems just strategy to collect KYC.
I agree with you, and other that disagree to fulfill KYC for bounty campaign.
For presale or exchange I will do, but not for bounty campaign.
#DevelopmentTeams know very well that bounty hunters don't want to share their private data with companies, that's why some teams that don't want to pay or want to pay less use the KYC excuse. That way the team doesn't pay a lot of coins/tokens and when the bounty hunters demand the teams pay they hide behind KYC, it's a shame but I've seen it on several occasions. Not many months ago something similar happened on this forum with a bounty.
This has decline so much with bounty but the some team demand in some cases which I found unacceptable especially when they were not preinformed before the bounty begins. There are fewer bounties because of the state in cryptocurrency now, more so the payment are just getting smaller
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This has decline so much with bounty but the some team demand in some cases which I found unacceptable especially when they were not preinformed before the bounty begins. There are fewer bounties because of the state in cryptocurrency now, more so the payment are just getting smaller
Right, the payouts are very small, but still a lot of people participate. I haven't participated in a bounty in a long time and I don't plan to, the payout is minimal and usually several months after the bounty ends, and I've never liked those terms. I have always preferred to participate in a few bounties (2-3) a year for these reasons, so I have more time to better study the projects and do other things, I have always thought that participating in many bounties does not mean earning more.
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Not only you, almost all of majority member here didn't agree to share their ID at the end of bounty. It seems just strategy to collect KYC.
I agree with you, and other that disagree to fulfill KYC for bounty campaign.
For presale or exchange I will do, but not for bounty campaign.
Actually in Cryptocurrency, KYC has become everyday food. However, before we do KYC, we have to be careful first, because this is related to our identity. Actually in Bounty, KYC is also natural but if it is announced at the beginning. If it's announced at the end of the bounty, then don't do it.
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Not only you, almost all of majority member here didn't agree to share their ID at the end of bounty. It seems just strategy to collect KYC.
I agree with you, and other that disagree to fulfill KYC for bounty campaign.
For presale or exchange I will do, but not for bounty campaign.
Actually in Cryptocurrency, KYC has become everyday food. However, before we do KYC, we have to be careful first, because this is related to our identity. Actually in Bounty, KYC is also natural but if it is announced at the beginning. If it's announced at the end of the bounty, then don't do it.
Yea, that's normal to share KYC is crypto world.
But It's must clear and has been announced at the beginning, If we join or participate in bounty campaign, bounty manager should announce at the general rules, they ask KYC.
If they ask at the end, I think It's scam project because not professional.
Better to leave this campaign.
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Not only you, almost all of majority member here didn't agree to share their ID at the end of bounty. It seems just strategy to collect KYC.
I agree with you, and other that disagree to fulfill KYC for bounty campaign.
For presale or exchange I will do, but not for bounty campaign.
Actually in Cryptocurrency, KYC has become everyday food. However, before we do KYC, we have to be careful first, because this is related to our identity. Actually in Bounty, KYC is also natural but if it is announced at the beginning. If it's announced at the end of the bounty, then don't do it.
In the world of cryptocurrencies, KYC is sometimes applied and necessary in some cases. But in bounty campaigns it is illegal. Let me remind you that according to the FATF recommendations of June 21, 2019, which are mandatory for more than 200 member countries, KYC can only be used to prevent money laundering and combat the financing of terrorism and only if the transaction exceeds one thousand euros. Bounty campaign participants do not contribute their own money, which means they cannot be subject to KYC verification.
Recently, KYC has not actually been applied anywhere in bounty campaigns. And it is right.
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This is a requirement of many jurisdictions where the project is registered...perhaps this is a bit contradictory-as well as the sanctions of exchanges against citizens from certain states who have fallen under international sanctions and contradicts decentralization...but everyone wants to work and is afraid that regulatory authorities will pay attention to them, and therefore, unfortunately, they will carry out all these largely delusional procedures.
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In the world of cryptocurrencies, KYC is sometimes applied and necessary in some cases. But in bounty campaigns it is illegal. Let me remind you that according to the FATF recommendations of June 21, 2019, which are mandatory for more than 200 member countries, KYC can only be used to prevent money laundering and combat the financing of terrorism and only if the transaction exceeds one thousand euros. Bounty campaign participants do not contribute their own money, which means they cannot be subject to KYC verification.
Recently, KYC has not actually been applied anywhere in bounty campaigns. And it is right.
Yeah, I agree with you. I think Bounty campaign shouldn't ask KYC, Bounty campaign is just promo to launch new project.
What for, the project team ask KYC.
It seems strange. Better to refuse this and we should leave their bounty.
I think It's scam project.
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In the world of cryptocurrencies, KYC is sometimes applied and necessary in some cases. But in bounty campaigns it is illegal. Let me remind you that according to the FATF recommendations of June 21, 2019, which are mandatory for more than 200 member countries, KYC can only be used to prevent money laundering and combat the financing of terrorism and only if the transaction exceeds one thousand euros. Bounty campaign participants do not contribute their own money, which means they cannot be subject to KYC verification.
Recently, KYC has not actually been applied anywhere in bounty campaigns. And it is right.
Yeah, I agree with you. I think Bounty campaign shouldn't ask KYC, Bounty campaign is just promo to launch new project.
What for, the project team ask KYC.
It seems strange. Better to refuse this and we should leave their bounty.
I think It's scam project.
agreed, As I said before, I think we should leave the bounty campaign that ask KYC at the end of bounty.
I think It doesn't urgency why we must fill KYC and share our personal ID.
Maybe they will misused our ID and sell to other.
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agreed, As I said before, I think we should leave the bounty campaign that ask KYC at the end of bounty.
I think It doesn't urgency why we must fill KYC and share our personal ID.
Maybe they will misused our ID and sell to other.
I get the point, they will misused our ID and sell to other.
it makes sense.
If the project ask KYC at the beginning to avoid multy, they will ask at presale, IDO or ICO.
But bounty campaign doesn't connect to this reason.
Bounty campaign is promotion.
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I get the point, they will misused our ID and sell to other.
it makes sense.
If the project ask KYC at the beginning to avoid multy, they will ask at presale, IDO or ICO.
But bounty campaign doesn't connect to this reason.
Bounty campaign is promotion.
Millions of private data from Internet users are bought and sold every day. Most of this data is used for commercial purposes, this is how companies use big data and offer market research for other companies to sell their products. But another part is sold on the deep web, and is used for much worse things than the ones I just mentioned. Personally, I would never do KYC for a bounty, my privacy and peace of mind are worth much more than that, each user must make their decision.
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In recent months, we no longer see the requirement to pass KYC verification when participating in bounty campaigns, and this is very good. It must be remembered that the requirement for bounty campaign participants to undergo KYC is not only dangerous, but also illegal. According to the FATF recommendations, KYC is carried out only for the purpose of preventing money laundering and terrorist financing when investing your funds in excess of one thousand euros. This requirement cannot apply to bounty hunters, as we do not invest our own money in bounties.
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In recent months, we no longer see the requirement to pass KYC verification when participating in bounty campaigns, and this is very good. It must be remembered that the requirement for bounty campaign participants to undergo KYC is not only dangerous, but also illegal. According to the FATF recommendations, KYC is carried out only for the purpose of preventing money laundering and terrorist financing when investing your funds in excess of one thousand euros. This requirement cannot apply to bounty hunters, as we do not invest our own money in bounties.
I think bounty campaign is just promotion, Why the team ask KYC.
It's strange.
I will never to share my personal ID to bounty project, except on exchange or presale.
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because the project is most likely located in a jurisdiction where it is necessary to comply with kyc. Alas, lately this has become the norm and nothing can be done about it.
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First of all I want to say what is bounty mean, bounty hunters doing marketing their ICO or IDO with the help of social media and if bounty hunter doesn't work properly he will not get any coin. So in this situation how much useful KYC process?? I think its waste of time. And it is risky to give your personnel data to anyone because its can be misused. One big problem is also that all bounty hunters doesn't have passport so they will fail to pass KYC process. Yes KYC is needed to participate in ICO or IDO on their web but not for bounty hunters.
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Most projects use KYC to reduce the number of bounty hunters to be paid. Some have a genuine purpose for the KYC to reduce fraud in the participation of the bounty campaign. KYC is not a bad idea, some project use it for genuine purpose while some are not gnuime.
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Most projects use KYC to reduce the number of bounty hunters to be paid. Some have a genuine purpose for the KYC to reduce fraud in the participation of the bounty campaign. KYC is not a bad idea, some project use it for genuine purpose while some are not gnuime.
KYC is not a bad idea when a user wants to participate in an ICO or IDO as long as the #DevelopmentTeam is public. But for a bounty, I don't think it's necessary, there are other ways the team can make sure no one cheats, that's always an excuse for most bounty participants not to claim their coins/tokens. It is something I would never do, we could never know where our documents end up and they can even be sold for illegal activities.
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If the dev is honest he/she should ask the KYC at the start of the campaign so that nobody's work goes in vain because of KYC verification. I feel the requirement of a Passport is not mandatory in every campaign I feel it would be very few where we have been asked only for a passport even Bounty Manager should also be clear with dev in the starting about the KYC procedure.
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I totally agree with you, I am from Pakistan. I have lost many bounty rewards in this regard, in the end, some projects demanded KYC. But in some projects they ban Pakistan, so it is better for the project manager to clear this KYC method before starting a project. So no one can lose.
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Many projects are located in jurisdictions that require or imply the passage of kyc. Therefore, it is important to take this into account.
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Many projects are located in jurisdictions that require or imply the passage of kyc. Therefore, it is important to take this into account.
It is true what you say, but KYC is required for investors, that way the authorities can know who earns money by investing and who should pay the corresponding taxes if they have applicable laws. Bounty hunters should not go through KYC as they do not invest their money and the potential profits they could make should not go through the same laws as investors, in that case, another type of tax would have to be applied to bounty hunters, but all this is another legal loophole that no government has covered.
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I totally agree with you, I am from Pakistan. I have lost many bounty rewards in this regard, in the end, some projects demanded KYC. But in some projects they ban Pakistan, so it is better for the project manager to clear this KYC method before starting a project. So no one can lose.
What is discussed in this topic is KYC at the end of the bounty, so many disagree because the provisions are announced when the bounty campaign is about to end or even when the announcement is finished. KYC for me does not matter if it is requested at the beginning of the campaign, so we can decide whether to join the bounty or not. By the way for me KYC in Bounty campaign is unnecessary and just a waste of time, unless it's done for an exchange.
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Most projects use KYC to reduce the number of bounty hunters to be paid. Some have a genuine purpose for the KYC to reduce fraud in the participation of the bounty campaign. KYC is not a bad idea, some project use it for genuine purpose while some are not gnuime.
Indeed, the BM of the campaign projects doing it because there are some participants are exploiting the bounty project.
so when the project is done, He will double check their participants who are the eligible for the payments then if the BM find out there is an abuser, suddenly He will change the rules at once in which is submitting KYC.
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KYC is not a bad idea, some project use it for genuine purpose while some are not gnuime.
how do you know about this? are you from the future? we all don't know whether our personal data is safe with them or not. remember, don't exchange your personal data with only $10 money or more, because this is privacy
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for the sake of bounty, I would hardly pass kyc, because there are simply no rewards there
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because the project is most likely located in a jurisdiction where it is necessary to comply with kyc. Alas, lately this has become the norm and nothing can be done about it.
This is a wrong opinion. Now states and legal entities must comply with the binding recommendations of the FATF special group, which, back in June 2019, established that KYC can be carried out only in two cases: in order to prevent money laundering and to combat the financing of terrorism, and then, provided that the amount transactions exceed one thousand euros. Thus, the team of a new project can only require KYC for its investors, but not for bounty campaigners, who do not invest money in this case, but provide marketing services to this team. Requiring KYC for bounty campaigners is illegal!!!
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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.
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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.
I do not agree with you. KYC is necessary for people who invest their money in an ICO/IDO or similar, that way the government of each country can have a record of the citizens who invest to combat money laundering. Bounty hunters can't be under KYC because they haven't made any kind of investment, so they can't act against AML, so there shouldn't be any record of those participants. In addition, KYC should always be registered by an entity external to the team, otherwise our private data could end up anywhere to be used in fraudulent acts.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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Now this is a common practice. All projects are subject to certain legislation and therefore it becomes the norm.
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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.
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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.
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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.
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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.
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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
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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
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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.
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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.
actually the implementation of KYC is very visible as a transaction tool to reduce participants from bounty, where indeed they deliberately do that so they can save on gifts to Bounty Hunters. It has been seen that this kind of behavior is often applied even though many have protested, but this application can always be repeated on another occasion, if they really want to be able to reduce payments. so KYC is a tool to take actions that are not commendable to be done and we cannot avoid it, even though now it is not or rarely seen again and it is very likely that one day it will reappear.
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actually the implementation of KYC is very visible as a transaction tool to reduce participants from bounty, where indeed they deliberately do that so they can save on gifts to Bounty Hunters. It has been seen that this kind of behavior is often applied even though many have protested, but this application can always be repeated on another occasion, if they really want to be able to reduce payments. so KYC is a tool to take actions that are not commendable to be done and we cannot avoid it, even though now it is not or rarely seen again and it is very likely that one day it will reappear.
I do not think that KYC can appear, at least in the same volumes. The fact that now new projects practically do not require KYC, indicates that it is not needed and illegal, and you can do without it in relation to participants in bounty campaigns. Now new projects offer such small amounts of rewards that hardly anyone will agree to participate in them. Indeed, in addition to the usual risk of transferring our confidential data, the risk of fraud on the part of the project team will increase, and there are a lot of such opportunities for fraud and non-payment of rewards. The practice of previous KYC confirms this.
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I see this is kind of a trap, it's true what the op said, using passports for KYC feels so unfair, not all of us have prior plans to travel abroad and have passports, of course not.
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If such projects after the bounty are asked to pass KYC in order not to get caught by scammers, this is a normal solution. It should still be already in the plan of the bounty initially.
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If the project of bounty is not successful then there is no justification for KYC. Due to lack of KYC, people do not even get tokens, in some projects KYC is done after several months after the bounty is over, which is not right for bounty hunters. The KYC may also be correct in the product to some extent.
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There are some projects that change policies at the end and this sometimes involves KYC which frustrates some people. It's necessary to be careful about submitting your identity because there have been many cases where projects don't paid or even scam.
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I saw many bounties write that no KYC required. But the basic moto of this if a payment of an individual is coming in an crypto application which is being sponsored or anything then we do KYC. And if the payment of particular bounty is coming in any of the explorers such as bsc, poly etc then we dont need kyc. This is my thought.
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Is it important to do KYC to get bounty rewards? I think it's too risky because it contains from personal data and security for long term. It's best to know the rules before participating or ask if you need KYC or not
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Is it important to do KYC to get bounty rewards? I think it's too risky because it contains from personal data and security for long term. It's best to know the rules before participating or ask if you need KYC or not
Yeah we must be careful to share our personal ID.
It seems drama if the bounty manager or project team ask KYC at the end of bounty campaign.
I think they are scammers, don't follow them.
That's my opinion.
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kyc should make it easier and not complicate, of course kyc needs to be done to anticipate scammers.. apart from using a passport, you can also use bills or other personal data as identity. actually many reasons for this problem dev seems to trap hunters.
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kyc should make it easier and not complicate, of course kyc needs to be done to anticipate scammers.. apart from using a passport, you can also use bills or other personal data as identity. actually many reasons for this problem dev seems to trap hunters.
any intention for goodness should certainly be supported, as you said to select from those who want to cheat, but it should be done from the beginning so that when you don't want to give the data you can avoid it, but what has been so far is dishonest treatment which is done after completion.
dev are sometimes inconsistent in their implementation and this will obviously be detrimental to participants who have already joined, but nowadays it is rarely seen again asking for KYC and hopefully it won't happen again.
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I see this is kind of a trap, it's true what the op said, using passports for KYC feels so unfair, not all of us have prior plans to travel abroad and have passports, of course not.
It's not only passports, though, is it? All KYC verifications I have gone through accept ID cards (as well as drivers' licenses)
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Of course, it is very bad for an autistic person when it was not immediately discussed that they need to go through KYC and at the end of the bounty they demand it. And so it's very good there will be fewer scammers.
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At least we always decide whether to pass kyc or not and how much it is worth it
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In recent times I have not noticed when bounty manager asks to do KYC to get the coins but in the past several bounty manager ask for KYC to get the coins and it's really disappointing when a person is ready to give details but your KYC keep rejecting so things should be clear in the starting of the campaign rather than putting a disclaimer that team can ask for KYC if anything suspicious found so one can not deny providing the KYC.
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Of course, it is very bad for an autistic person when it was not immediately discussed that they need to go through KYC and at the end of the bounty they demand it. And so it's very good there will be fewer scammers.
I have not seen for a long time that the teams of new projects required the participants of the bounty campaigns to pass KYC. This is very good since KYC requirements for bounty hunters are completely illegal. Now, probably, few people would agree to participate in bounty campaigns if the need for KYC was announced there. In any case, I would not participate in such bounty campaigns.
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I think its just straight up fraudulent that bounty managers or projects require bounty hunters to submit passports for KYCs. This is especially wrong when it is not stated that there would be KYC at the end of the bounty. It's just a way to reduce bounty payment allocation or use the documents for malicious activities
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I think its just straight up fraudulent that bounty managers or projects require bounty hunters to submit passports for KYCs. This is especially wrong when it is not stated that there would be KYC at the end of the bounty. It's just a way to reduce bounty payment allocation or use the documents for malicious activities
I totally agree with you, mate, that asking for supporting documents for verification for bounty participants when it's finished is one way of not wanting to pay or reducing the existing allocation.
we appreciate the good goal, which is to reduce participants who cheat with multiple accounts.
bounty hunter should have been informed at the beginning, when the bounty has not yet started.
not in an unfair way where there is indeed another goal by reducing the bounty allocation.
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I think its just straight up fraudulent that bounty managers or projects require bounty hunters to submit passports for KYCs. This is especially wrong when it is not stated that there would be KYC at the end of the bounty. It's just a way to reduce bounty payment allocation or use the documents for malicious activities
In fact, this is indeed a scam, because no state regulations oblige new project teams to conduct KYC in relation to participants in bounty campaigns. According to the mandatory recommendations of the FATF of June 2019, KYC is used only for the purpose of preventing money laundering and combating the financing of terrorism, and only if the transaction amount exceeds one thousand euros. Therefore, KYC cannot be applied to participants in bounty campaigns due to the fact that they do not invest their money in these projects, and therefore cannot launder dirty money or sponsor terrorism.
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There are a lot of new companies that ask to undergo KYC after completion, but it's clear that this is to protect against bots. Despite the fact that it is necessary to pass KYC, it is still difficult to protect it from bots.
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There are a lot of new companies that ask to undergo KYC after completion, but it's clear that this is to protect against bots. Despite the fact that it is necessary to pass KYC, it is still difficult to protect it from bots.
KYC is good, that's normal if the company or projects ask KYC, but if they ask at the end of bounty campaign, I think It's scam.
Becareful.
Don't share your personal ID
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Well, if you understand in advance how much you will get, you can decide for yourself whether or not it is worth going through KYC to get such an amount.