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Author Topic: Should ICOs require KYC for Bounty hunters & Airdrops ?  (Read 13648 times)

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


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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.
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Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #31 on: November 23, 2018, 06:11:29 am »

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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...
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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.
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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.
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cryptomate3473

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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.

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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 »
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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,

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Re: Should ICOs require KYC for Bounty hunters & Airdrops ?
« Reply #38 on: March 31, 2019, 10:28:05 pm »
KYC for protect
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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

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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.

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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.

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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.

 

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