Bounty and KYC, any benefits?

[Domithra]

I am not against KYC. KYC is for verification purposes by either the project or bounty managers in order to check multiple accounts. However, if bounty hunters are required to pass KYC, they must be made aware of their rewards before most of them give out their identity for some few coins or dollars.

[nayeon.twc]

KYC is really not needed. for us, handing over an identity card just to get a token is funny. there is no benefit for us. they are the lucky ones. they can sell your personal data and get money.

[Rituvohra01]

I think KYC is not required for bounty participants because they earn little amount of tokens. I think it is necessary for investors.

[giovannucchi]

KYC procedure is trustless for bounty hunters that respect rules not creating multi accounts.
Is true also that de never know exactly how our sensible data will be used for!

[Hisbullah]

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?

I think If the project is good and profitable,  I will share my identity.  But too many projects are scam,  So I afraid to share it

[Bruks]

Much of the time, KYC is directed to counter illegal tax avoidance. Presently we are perceiving how contributing through token buy turns out to be more legitimate, as opposed in years. Presently, institutional financial specialists are demonstrating expanding enthusiasm for the crypto business and in such manner, crypto ventures need to direct the most straightforward ICO's to ensure themselves.

[Bobcrypto]

And besides tax avoidance as you explained, KYC serves as a check and balance for exchanges that buy fiat currency and convert them to a cryptocurrency for trading, convert this cryptocurrency with another crypto, and related activities.

[Plnshah65]

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?

I am also hate Kyc because I lost many payments due to Kyc unsuccessful because In Kyc agreement passports and drivers licence required which no one having me.

[tsakf]

I am not against KYC. KYC is for verification purposes by either the project or bounty managers in order to check multiple accounts. However, if bounty hunters are required to pass KYC, they must be made aware of their rewards before most of them give out their identity for some few coins or dollars.

Exactly, so if someone does not like KYC, he will not participate. If he does he will. In another thread, someone said, that the best, is, standard payments with a cryptocurrency like ETH. It is up to us bounty hunters to make the market. If we participate in bounties, that we like, then the bounty managers, will find the right people to do the job. If we try to tell them what to do, I think, it does not help anyone.

[KKH84]

I think the thing that underlies KYC for bounty hunters is that many of the bounty hunters have multiple accounts, but on the other hand there are many bounty hunters who question the security of their identity, so many are reluctant to do KYC, with the risk of losing prizes from work they.

[KYB40]

If you cannot understand the logic behind the KYC policy for bounty hunters, you may stop doing bounties and be an investor instead where KYC is also required.

[tamango]

I think that the problem is not the KYC process, which is good because in that ways multiaccounts are banned, but the fact that our data can be easily stolen or used without our consensus. A possible solution may be using third part KYC apps like ONFIDO or CIVIC.

[Helex]

I consider bounty manager that calls for KYC because on this manner quite a few multiaccounts are out of the bounty, quality one is with also video verification (ex whatsapp video name) so that despite the fact that a multiaccount has lots of identity card he cannot cheat.

[vanjava]

I think KYC is very necessary. Why? to reduce identity fraud and also reduce people who have multiple accounts. but I hate KYC because our identity is known and I fear my identity is misused for things that are not desirable.

[Ahmedalab]

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.