Bounty and KYC, any benefits?

[tsakf]

If the bounty, ico or exchange that we follow is real and requires us to fill out the KYC form, why not. People are afraid to fill KYC because they are afraid that their data will be used for fraud, or they are afraid that their identity will be exposed and not free in transactions.

Yes, it is exactly how you said. For me, most ICO's ask you to join Telegram. Telegram, asks for your phone number, to open an account. Giving your phone number, you are verified, because your phone number, is KYC verified, in most countries. Why do we need the extra?  Why have our personal data, exposed, here and there?

[OptimusPrime]

It's not about the benefits,  it's about required things to do to hold some companies asset's.  The company only wants to know it's customers for security and safety purposes

[PhiliPPs]

Personally, it seems to me that the KYC bounty hunters are far from always needed, I personally think that this event needs to be done more for the ICO team in order to gain more trust among investors!

[Fenix]

It's not about the benefits,  it's about required things to do to hold some companies asset's.  The company only wants to know it's customers for security and safety purposes

It is not true. Firstly, participants in the ICO bounty campaign are not investors and therefore cannot be considered clients of ICO campaigns. The KYC check is aimed at preventing the laundering of dirty money and combating the financing of terrorism. For any other purpose it should not be carried out. This is illegal because it violates the rights of citizens.
Secondly, if it were conducted honestly, then the KYC check should be carried out simultaneously with joining the ICO bounty campaign, and not after we have completed our agreed work. Given that there is still no form of KYC verification, no one knows what information and what documents we will need. And sometimes in connection with our work and studies we may not live at the place of registration, utility payments and other documents may not come in our name and therefore we cannot provide all the required documents. In this case, we do our work for free, because in the end we don’t pay for it. Who thinks it's normal?
 I’m not even talking about the fact that in many cases it turns out that we are transferring our confidential data to fraudsters, because they themselves do not pass any checks. This is generally some kind of nonsense.

[Alcor]

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 that KYC checking for bounty hunters is not only illegal, but harmful in general. We should not pass such a check, as we are not investors in ICO projects. This is contrary to the purpose and objectives of KYC verification, and using it in digitschuchach, not related to the prevention of dirty money laundering and the fight against the financing of terrorism, is illegal because it violates our rights and our privacy.

[Crazymelons18]

Well on the clients side it can be very helpful to trace ownership of coins being owned on an exchange where you have lost the private keys to it. Yet on the idea that you only have a very small amount received as a bounty hunter, I think it does not actually weigh as much to share your personal information to anybody which can be used for anything that is not good.

[Bering]

I think KYC is needed only for the team and investors, because bounty hunters are not investors, we do not spend money, but invest our time and effort when promoting a product!

[Altcoin1998$]

Know your customers (Kyc) is a superb proces of identity scam projects. I support Kyc projects very much.

[Alcor]

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?

KYC testing is illegal and harmful for bounty hunters. Such a test does not give us any advantage. It only takes away our privacy.

[Lanirex]

KYC is done to ensure that no one is cheating on a Bounty, I think that's good. But it's good, before we do KYC, we make sure that the project we are following is a really good project. so that we do not in vain do KYC.

[shadow.bishop]

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?

KYC helps to reduce the number of scammers in a particular project. I don't believe KYC eradicate scammers completely. This is because I have seen others post on forums that they never submit their correct details.

I am totally agree with that comment. If kyc is requested, scammers ratio will decrease but it will not be 0 of course. Same issue also is similar about ico.

[sr.arthur4868]

KYC testing is illegal and harmful for bounty hunters. Such a test does not give us any advantage. It only takes away our privacy.

Right. They can get our personal data. There are even some mandatory KYC bounties before the stake calculation. What for? KYC has no benefit for us.

[Davidniam55]

absolutely right bro. because with bounty we can get additional knowledge. so you can invest much better. and make the crypto digital world better. while KYC makes it easier for us to avoid fraud

[naitik01]

There are KYC benefits in bounty because it will not promote scams ICO, s. This will bring transparency and there will be no possibility of harm to the investors.

[Jereh]

The issue of kyc is a good one to the development of the blockchain technology.
But it seems it's being abused by some people .....how can anyone be asked to go through kyc processes before you can receive a reward that is less than $20 in most cases.
It doesn't make sense.