Bounty and KYC, any benefits?

[oo7]

A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?

[KobbyC]

A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?

KYC helps to reduce the number of scammers in a particular project. I don't believe KYC eradicate scammers completely. This is because I have seen others post on forums that they never submit their correct details.

[owmivmen]

Kyc will help the project to find out who gets the token from the bounty. Many restrictions and countries are restricted to participating in the bounty program.

[cryptothief]

KYC is definitely more prevalent than it was last year, mainly because of the additional regulations already in place (plus predicted ones). Companies are erring on the side of caution to make sure that they don't fall foul of potential regulations down the line. I've got no problem with KYC, although I understand the argument against it.

[tamango]

I agree with bounty manager that requires KYC because in this way a lot of multiaccounts are out of the bounty, best one is with also video verification (ex whatsapp video call) so that even if a multiaccount has lots of ID card he can't cheat.

[rizqillah]

A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?

Yes It is true. I also hate the KYC. I have participated in bounty program since 2017 and enjoy it.

[laughingburger]

KYC is just a measure for the ICO to safeguard themselves if the government authorities need any record of its coins holder in fact for bounty hunting KYC is not really a needed thing unless you are purchasing its token.

[purpleseven]

I think kyc is not needed in bounty participants. Bounty participants will not hold a token for a long time from the project. they will sell it if the token is listed on the exchange.

[boyplastic69]

In my views, I am not in favor of KYC as I believe that it does not make sense at all especially in signature bounty campaigns. The most  important thing is that as a bounty hunter, you had already complied with the rules and policy of the bounty campaign nothing more nothing less.  I think there are considerations that it will be most needed like when an investor would invest in btc, altcoins or in ICO's since the admin, CEO or Chairman  handling the ICO, alts, btc should know that they are dealing with legitimate persons.

[Master107]

Should ICOs require KYC for Bounty hunters & Airdrops ?
https://www.altcoinstalks.com/index.php?topic=34773.msg175994#msg175994

This topic started by our dear admin

[paolobaltimori]

I'm not against KYC but I think that sometimes it should not be required, for example if the amount of tokens is very small.

[Zed0X]

A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?

If you are the manager/founder, would you want to pay bounty hunters that are abusing the system? Let's face it, there are some that cheats and KYC is the best way to weed them out. If you do not agree, move to other campaigns. Simple as that.

[Fenix]

A lot of bounty hunters really hate KYCs. What are developers and managers doing about this issue? Do you even think that KYC is needed at all? What are the benefits of this?

Checking KYC in no way can help neither bounty hunters nor the ICO team. Almost such a check is a form of fraud on the part of the ICO teams, because if it is applied at the end or even after the ICO, it allows them not to pay the earned tokens to the participants in the ICO generosity campaigns who do not want or, for various reasons, can not send the required copies of documents possible potential scammers.

[Crypto Guard]

Bounty and KYC have benefits. Bounty benefits for us later, while KYC benefits for the Bounty Project. They are both closely related because the main requirement to participate in the Bounty is to deposit KYC users and prospective members of the Bounty Campaign against certain Projects.

[fulled]

Its not needed, im always avoid giving kyc for bounty, but if the reward is above 1k i will give it, but if lower i dont giving it