follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Should ICOs require KYC for Bounty hunters & Airdrops ?  (Read 42257 times)

Offline MOProgress

  • Hero Member
  • *
  • Activity: 1116
  • points:
    5156
  • Karma: 15
  • Beyond Protocol Street Team
  • Trade Count: (0)
  • Referrals: 5
  • Last Active: February 17, 2022, 02:14:04 PM
    • View Profile

  • Total Badges: 24
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #30 on: November 22, 2018, 03:58:34 AM »
Admin thanks for the well detailed information about what KYC is all about, now I believe that most projects just want to use that to cheat the bounty hunters. But with if the coin in which the bounty hunter hunts is Security token, will it not be enough reason for bounty hunters to pass KYC before holding them? Please some give more insight about this.
Beyond Protocol Street Team
http://beyond.link | Coming Fall 2021
Official altcoinstalks thread

Altcoins Talks - Cryptocurrency Forum

Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #30 on: November 22, 2018, 03:58:34 AM »

For Monthly biddings Check Here


Offline Stuart

  • Hero Member
  • *
  • Activity: 1161
  • points:
    11855
  • Karma: 22
  • FRX: Ferocious Alpha
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: March 02, 2023, 08:45:36 PM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    Fifth year Anniversary Fourth year Anniversary 10 Posts
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #31 on: November 23, 2018, 06:11:29 AM »
I appreciate your detailed information about the KYC admin. This is very clear, investors are to be known by the project team. The bounty and airdrops hunters are mainly interested in the token/coin of that project. Giving away IDs because of KYC, for some fractions of tokens that will be shared amongst participants and their ranks/how many times they could gain from it, is not a guarantee of giving away personal data. Project investors are working with the project to help them have a successful end, while the hunters are the advertiser of the project through which big investors come into the project.
I do not agree with KYC process on bounties and airdrops hunters.

Offline Abiodun

  • Plagiarism strike
  • Sr. Member
  • *
  • Activity: 364
  • points:
    727
  • Karma: -16
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: October 19, 2020, 06:19:51 PM
    • View Profile

  • Total Badges: 20
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #32 on: January 02, 2019, 02:58:16 PM »
I see no reason why KYC should be applied to some bounty and airdrop.. most of the project that requires KYC for there bounties do that so as not to give bounty hunters what they've actually worked for, I I partook in one bounty on bountyhunters, they never said they were going to be KYC at first but right after the end of the bounty, the asked for KYC and the funny thing about it was that 90% of people that did the KYC failed...
SR. MEMBER

       
        ██
       █████
      ███ ███
     ███   ███
    ███ ▄█▄ ███
  ▐███       ███▌
 ████▄█▀ ██████████▄
█████▀   ████████████
         ████   ████
         ███████████
         █████████▀
         ████
         ████
         ▀▀▀▀▀

Authpaper Coin
   ▬▬▬▬▬▬▬▬▬▬▬▬▬▬
        ▄███████████▄██████████████████
        ███████████████░░░░░░░░░░░░░░░░██
       ██████████████████████████████░░██
      ███████████████████░░░░░░░░░░░░░░██
      ███████████████████████████████░░██
       █████████████████░░░░░░░░░░░░░░░██
       ██████████████████████████████░░██
        ██████████████░░░░░░░░░▄▀███████████████▀▄
         ███████████████████████▄▀███████████▀▄██
         ████████████░░░░░░░░░░████▄▀███████▀▄████
       ███████████████████████████████▄▀███▀▄██████
 █████████████████████████████░░████████▄▄▄████████
███████████████████████████████░███████████████████
███████████████████████████████░▀█████████████████▀





.BLOCKCHAIN BASED SYSTEM.
.FOR DATA DELIVERY AND........
.CERTIFICATIONS......................
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██




..........WHITEPAPER..........
TWITTER
MEDIUM
GITHUB
REDDIT
SLACK
BTC TALK

Offline altcoingamer

  • Hero Member
  • *
  • Activity: 1117
  • points:
    242
  • Karma: 24
  • Trade Count: (0)
  • Referrals: 11
  • Last Active: September 01, 2020, 06:02:18 AM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #33 on: January 03, 2019, 05:58:40 AM »
I guess the counterargument is if you dont require KYC could it be an SEC violation.. I still don't see enough evidence through current cases that this will be the case any time soon, but with security tokens becoming more and more popular, there will likely be more KYC heading into 2019 unfortunately.

Offline ZionRTZ

  • Legendary
  • *
  • *
  • Activity: 1628
  • points:
    2965
  • Karma: 112
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: November 22, 2020, 08:45:01 AM
    • View Profile

  • Total Badges: 23
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #34 on: January 03, 2019, 11:06:42 AM »
As a bounty hunter, I understand the sentiment of the many here. But if I were on the other side of the fence, I would rather stay on the safe side than having that risk of getting investigated by the SEC. That is a lot of resources going to be wasted.

Offline cryptomate3473

  • Plagiarism strike
  • Jr. Member
  • *
  • Activity: 85
  • points:
    196
  • Karma: -10
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 03, 2019, 02:50:25 PM
    • View Profile

  • Total Badges: 16
    Badges: (View All)
    Topic Starter 10 Posts First Post
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #35 on: January 09, 2019, 06:22:06 PM »
 I can understand wanting KYC is they are investing actual money into the ICO, but that's different from bounties and airdrops of course.

Offline igort0x of Publish0x

  • Baby Steps
  • *
  • Activity: 19
  • points:
    81
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 04, 2019, 07:36:53 PM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #36 on: January 20, 2019, 04:21:04 PM »
I've done an article bounty for my project with CCX

I think they do KYC for some users and some tasks, but not for all (I might be mistaken)... but here's my take on why I *might* want to know who users participating in my bounty are:

As the campaign was open to all, anyone could have participated and I'm 99% certain that some users had multiple accounts (or borrowed from friends). An example would be that a bounty hunter named xyz123 publishes an article on Medium, where username on Medium was example987.

Then another boutny hunter applies for my bounty. This bounty hunter is named example987 and he publishes his article on Steemit. That article is very similar to one user xyz123 published on Medium... circumstantial evidence for sure, but almost surely foul play. :)
« Last Edit: January 20, 2019, 04:23:35 PM by igort0x »
Publish0x is a crypto agnostic publishing platform on which both authors and readers earn crypto. Connect via Telegram - @igort0x

Altcoins Talks - Cryptocurrency Forum

Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #36 on: January 20, 2019, 04:21:04 PM »


Offline vertigio

  • Baby Steps
  • *
  • Activity: 7
  • points:
    77
  • Karma: 0
  • I am good man
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 15, 2019, 12:04:20 PM
    • View Profile

  • Total Badges: 10
    Badges: (View All)
    First Post Fourth year Anniversary Third year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #37 on: March 25, 2019, 04:22:33 PM »
I am not afraid to do KYC
Student,

Offline bit858585

  • 1st Step
  • *
  • Activity: 4
  • points:
    79
  • Karma: 0
  • HODL!
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 10, 2019, 06:39:49 AM
    • View Profile

  • Total Badges: 8
    Badges: (View All)
    First Post Fourth year Anniversary Third year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #38 on: March 31, 2019, 10:28:05 PM »
KYC for protect
HODL!

Offline Fly_Away

  • Member
  • *
  • Activity: 94
  • points:
    170
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: June 13, 2019, 08:56:49 PM
    • View Profile

  • Total Badges: 10
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #39 on: April 14, 2019, 02:07:33 PM »
The thing is not in the fact if the should or should not - the thing is they are obliged to do that by law

Offline moonuranus

  • Sr. Member
  • *
  • Activity: 532
  • points:
    635
  • Karma: 9
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: August 05, 2020, 07:25:31 AM
    • View Profile

  • Total Badges: 22
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #40 on: April 21, 2019, 04:58:59 PM »
I would understand if it is STO, but if it is just an ICO there is no way I would accept that they will require KYC for bounty hunters and airdroppers, KYC is only for the investors to detect fraudsters.

Offline sunny1356

  • Baby Steps
  • *
  • Activity: 42
  • points:
    492
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: August 08, 2020, 01:45:14 AM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    10 Posts First Post Sixth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #41 on: May 17, 2019, 02:03:57 PM »
My believe is that most of the bounty campaigns or projects requiring kyc from bounty hunters, have ulterior motive behind it. Which is why there are incidences of identity theft.
I have decided that i would not participate in a project that requires kyc from bounty hunters.

Offline kingmaster

  • Baby Steps
  • *
  • Activity: 28
  • points:
    91
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: August 07, 2019, 03:27:10 AM
    • View Profile

  • Total Badges: 9
    Badges: (View All)
    10 Posts First Post Fourth year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #42 on: June 15, 2019, 08:14:24 AM »
But, the real question, Should ICOs require KYC for Bounty hunters & Airdrops ?

Quote
The Know Your Client (KYC) rule is an ethical requirement for those in the securities industry who are dealing with customers during the opening and maintaining of accounts.
/SNIP/

Thus, here we understand clearly that this is applicable when there is an investor / broker relation, but airdrop hunters and bounty hunters are NOT investors, thus i see no reason for ICOs to require KYC from them.
Please share your views below.

I agree with OP that KYC is important in dealing with project customers, there is financial dealing between project team and the customers. This KYC also sometimes required to avoid money laundering related to crimes and terrorist. I agree with this, and necessary.

But if KYC related with bounty hunters and airdroppers, it should not suitable. One key point of bounty is advertising, if more accounts participate in a bounty then the advertising will be better.
One thing to be concerned is fraudulent by stealing other participant jobs and fake account. The point that must be prevented in bounty is things that are detrimental to the bounty goal of advertising and harming other bounty participants without the slightest effort.

Offline gunhell16

  • Legendary
  • *
  • *
  • Activity: 1559
  • points:
    9287
  • Karma: 46
  • Your Privacy Matters
  • Trade Count: (0)
  • Referrals: 8
  • Last Active: Today at 01:33:01 AM
    • View Profile

  • Total Badges: 21
    Badges: (View All)
    10 Poll Votes Third year Anniversary 1000 Posts
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #43 on: August 05, 2020, 12:00:24 PM »
In my own perception, Kyc is not necessary for bounties. I remembered during 2017, lots of members in bitcoin talk joined in the ico and got earned a lot without submitting their KYC, and some of ICO by that time required it but in the end, they never give the rewards. In short, submitting KYC in any bounty campaign has a risk involved to be honest with you guys.
...Tumbler.io......Because.Your.Privacy.Matters......Bitcoin.Mixer...

Offline Ten Ryuu

  • Jr. Member
  • *
  • Activity: 46
  • points:
    3420
  • Karma: 2
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: December 21, 2023, 09:09:01 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    10 Posts First Post Third year Anniversary
Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #44 on: August 30, 2020, 09:01:11 PM »
In my own perception, Kyc is not necessary for bounties. I remembered during 2017, lots of members in bitcoin talk joined in the ico and got earned a lot without submitting their KYC, and some of ICO by that time required it but in the end, they never give the rewards. In short, submitting KYC in any bounty campaign has a risk involved to be honest with you guys.

Same experience and thought here.  Bounty hunters are not investors.  That is a fact.  I believe that only investors are required by the authority to undergo KYC to make sure that they are not residents of a country that forbids such kind of activity.  Those projects that require bounty hunters to undergo KYC are just in for an excuse( as I stated on the other thread concerning KYC implementation regarding bounty hunters) to narrow down participants they need to pay. 

I have witnessed lots of projects that require KYC ends up being a scam.  Possibly they use that KYC thing to phish for identity in order for them to sell those identities on the market.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod