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Author Topic: KYC at the end of bounty  (Read 28828 times)

Online bitbit97

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Re: KYC at the end of bounty
« Reply #240 on: February 18, 2022, 01:31:24 PM »
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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Re: KYC at the end of bounty
« Reply #240 on: February 18, 2022, 01:31:24 PM »

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Offline GoldenView

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Re: KYC at the end of bounty
« Reply #241 on: February 18, 2022, 02:23:57 PM »
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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Re: KYC at the end of bounty
« Reply #242 on: February 19, 2022, 05:19:34 PM »
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.
retire and rest in peace

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Re: KYC at the end of bounty
« Reply #243 on: February 19, 2022, 05:23:09 PM »
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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Re: KYC at the end of bounty
« Reply #244 on: February 19, 2022, 05:32:54 PM »
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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Re: KYC at the end of bounty
« Reply #245 on: February 19, 2022, 06:38:49 PM »
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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Re: KYC at the end of bounty
« Reply #246 on: February 19, 2022, 10:23:55 PM »


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Re: KYC at the end of bounty
« Reply #247 on: February 20, 2022, 02:32:34 AM »
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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Re: KYC at the end of bounty
« Reply #248 on: February 20, 2022, 02:59:45 AM »
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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Re: KYC at the end of bounty
« Reply #250 on: March 12, 2022, 12:36:46 PM »
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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Offline cheezcarls

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Re: KYC at the end of bounty
« Reply #251 on: March 12, 2022, 01:12:03 PM »
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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Offline Fenix

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Re: KYC at the end of bounty
« Reply #252 on: March 15, 2022, 07:15:12 PM »
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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Offline mahadev

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Re: KYC at the end of bounty
« Reply #253 on: March 15, 2022, 08:23:10 PM »
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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Re: KYC at the end of bounty
« Reply #254 on: March 16, 2022, 06:19:40 AM »
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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