KYC at the end of bounty

[shadowdio]

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.

[Nboramir]

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?

[hair]

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

[Syunusa]

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.

[Seerge]

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.

[KKH84]

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.

[Senin]

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.

[Jaguar]

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.

[@chison]

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.

[Ten Ryuu]

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.

[Jaephoenix]

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

[MrSpasybo]

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.

[hair]

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.

[vanjava]

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.

[gunhell16]

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.