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I've been in the bounties in this past few weeks in order to do something in order to have some earnings in my free time, probably to join a signature campaign since it's doesn't required a full time to do it and you hold your own time to complete the tasks needed by the campaign.

After hovering for a couple of page there's one campaign that gets my attention because of its presentation and the concept and solutions of their project to the existing problem (Whitepaper) so to make it short it's a legitimate project, after reading the thread there's a note stated that "Campaign requires KYC." well i'm not from the US but this concerns me, for what I've known a KYC stands for "Know your CUSTOMER" so basically it's for the investors or the customer of the certain project.

According to Wikipedia a "Know your customer is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship. The term is also used to refer to the bank regulations and anti-money laundering regulations which govern these activities."

In my understanding a KYC is a document needed in order to know the credibility of a certain person (investor) if the money they going to invest came from illegal works, money laundering and also to know the status of a person if he/she is has a criminal records for the certain country, etc. but in this case it's required in order to get the rewards.

As a bounty hunter and a fellow forum user this concerns me. Giving personal details to anyone on the internet is VERY DANGEROUS in today's era we can't live without using technologies including online banking, etc. it means they can use your personal datas in order to do illegal works and the likes, but let me give you the advantages and disadvantages of it (According to my own perspective) why they're requiring users to pass KYC documents in doing bounty works.

Reasons:
- To control spam
- To avoid users who uses multiple accounts
- To avoid cheaters
- To avoid abusers
- To get personal infos and used to illegal works (It might be right?)

Effects: (For bounty hunters)
- Risk

Summary:
There are different possible reasons why the project requires the users to submit KYC documents. Probably a good reason or a bad reason but no matter what sending a personal documents or a personal valid ID is very risk for the users.

Solutions:
There are some ways in order to avoid risk in sending personal details/KYC to bounty campaigns
- Review the project
- Read every technical details
- Review each team member
- If the projects seems unprofessional it's a scam

but the safest way is not to send any information of yourself on the internet.

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Disclaimer: All of the statement, solutions, etc. above are according to my observations, opinions and perspective on the said topic it might be right to others or wrong to others. This section might be wrong (I don't know where to post, maybe in meta? please correct me.) but I posted here because most of the bounty hunters are wandering in this section.

We should not undergo KYC in name of getting some tokens. It is some kind of personal choice, I do not hesitate  to put my details if I found the site legitimate but I decided to not to go to KYC for the tokens that were worth of $250 at that time in market because i was not comfortable to share my info with them.

Yes it's true KYC for bounties are having a purpose on why you need to do it. Alll people are being worried because it is a big risk to give your identification that's why there are bounty hunters are against to bounties that need an KYC, but we can do nothing but to follow the rules.

Reasons:
- To control spam
- To avoid users who uses multiple accounts
- To avoid cheaters
- To avoid abusers
- To get personal infos and used to illegal works (It might be right?)



All of those reasons are accepted but the bolded part would be the main for sure.  ;)

Some bounties requires KYC while some don't. It's just to ascertain that you don't belong to countries that are restricted in crypto activities because of their laws.

usually when i joined bounty campaigns before i avoid bounty programs that needed KYC at the end of the campaign, i think its not worth it giving your information in exchange for a token, who knows what will they do with the information they have probably do some shady stuff.

If these are the reasons they give, for bounties it could be understandable as a lot of people participate in bounties with multiple accounts just to get more tokens. How they keep up with them all, I do not know. But when ICOs require the same KYC for investing in their token sale, what do they stand to achieve though?

SOME REASONS TO DO DO KYC FOR BOUNTY REWARDS:
- To control spam
- To avoid users who uses multiple accounts
- To avoid cheaters
- To avoid abusers

When you do talk about KYC for investors side then most likely they ask it out due to law that they do follow on where the project is residing.Come to think that there are countries which are being restricted to invest into ICO and thats the main purpose of kyc on investment and i would rather treat this as a considerable stuff rather than on having a kyc when you are just a bounty hunter.On what for?

i recently attended a bounty and overlooked that it demands kyc. but now i prefer to do without my tokens, rather than send my data. kyc is a thing for me that i am not supported.

I think the main reason is to avoid scammers. I remember in one project's bounty some guy asked admins to combine all his accounts in one to get whole amount of tokens. He has created about 1000 accounts with 50 tokens per each. And due to KYC he was not allowed to combine them.

I take it normal, the identification of investors and developers becomes an integral part of the development of large and successful projects.

Actually this is a good kind of discussion, well all of you've stated might be right the bounty hunters shouldn't need to submit a KYC documents it supposed to be for the investor of a certain project. Just to add to the solution, just remember that if you're not an investor you have the rights to claim your reward because you're just a promoter/worker of the project and they don't need to know your credibility as long as you do the task/job they've given to you.

You stated the problem and the solution and it helped my knowledge
I think not all bounties needs KYC

Just few projects that wants to prevent massive dumping of their token does that
As long as it’s a good legit project
You have no problem

This system has its own cons and pros and it's up to you if you want to participate or not in fact not all of the projects that launch bounty every day requires KYC if you are not a fan of KYC then avoid all those type bounties there's a bunch of campaign without it but be wary to encounter scam projects you may not know unless you've done some good research through the ICO as the last part of the OP point might happen to your information.

Agreed! you're right even if the project looks like legit after researching information but nobody knows if on the end will ending with scam.
for example from my experience, i've passed kyc and bounty get paid but the token is not yet listed in the market then they made a drama as if there was chaos in the team when in fact all of it was deliberate, as a result the project suddenly disappeared even though from the beginning the project was very promising.

so back again it's up to you if you want to participate or not  ;D

For bounties KCY will only make sense and will protect the integrity of the project if only done by the correct people and management, the reason why many bounty hunters does not like KYC in the bounty program is because of the risk of their personal information being used against them, specially if the project is only being started without any assurance that it will deliver its promise.

why it seems as if i trust bounties which require KYC is that passing KYC shows seriousness of that projects. which means that the project could be 80% real and investing into such project will also be cool

KYC for Bounties is another attempt from scammers to steal your personal data and sell it for scammer's own profits. My advice: avoid every KYC to prevent a loss of your own data.

Or only some scammers searching for dumb participants which hand out their personal data for free.

The thing is, that a lot of bounty campaigns say that they require KYC almost by the end of the campaign itself, leaving the bounty hunters with no choice, otherwise they will get no rewards for their work.

The implementation of KYC is very important and vital in crypto currency because it has help to curb theft and other illegal means of investing or earning stakes but KYC in bounty is useful if only it can be asked before participating in bounty campaigns not after participations.

       Submitting our documents like picture and residence address and also email address are too much just to receive our bounty tokens but I have my personal experience which is very simple and can verify individuals , by submitting our email registered in the campaign then they replying a verification number then send it back , this is quiet  simple and easy to comply but enough to prove the legitimacy of person .

Bounty does not need KYC to get the reward, and I try not to participate in such projects where KYC is required

I don't think bounty should be subjected to KYC before token can be given. Many bounties now doing KYC for bounty hunters before they can receive token which I think is wrong because they are not customers.

Yes,  It's for the investor  or buyers  not for the Bounty Hunter and it is also true that giving personal Info is very risky they might used It in illegal purposes  :)  Every time I  join bounty I always double check  if there's a KYC requirement.

Sometimes the bounty managers themselves don't even know if KYC is required, we have to understand that most of the time they are following orders from their ICO team.

Not every bounty will require you to complete any form of KYC verification however, some will. I believe before we release any form of sensitive information to anyone online, care must be taken to ensure you are indeed releasing such information to a genuine set of people and not everyone parading themselves as project developers. You should endeavour to do a background check of the company involved, who the team is and how trusted they can be. All if this will guide against identity theft and fraud.

I think some bounty managers put bounty hunters in the position of an investor, that is why they request that bounty hunters must also pass KYC before they can get tokens.

The procedure of use of KYC is now a lot is done by a team of bounty. I think it's very risky because of our personal data submitted to other people. And by submitting our data to other people this is not known for its security and we do not know whether this document will be misused or not. And this becomes a problem for us.

I want to thank you for the experience and insight that you shared for all of us. This is very useful and very useful !! To fill KYC, we need some legitimate and original personal data. It is a good step and also discipline, if it is interpreted in a positive way. But there are other thoughts, maybe we are worried and afraid if the data is misused.
I think that's the fact. In my opinion. Thank you for your description. Really useful.

I try to avoid the bounty of the company require the passage of KYC. It's good when they write about it at the beginning of the company. But when they talk about it at the end of the bounty company, it suggests that the project is something wrong. But I can't talk about all the projects, because there are exceptions. But in general, I still do not understand why bounty hunters need to pass KYC.

I strongly don't agree with the kyc procedure in bounty or airdrop it crap.

KYC is a good for project but not for airdrop I think. Because, airdrop is the way of getting free tokens or coins by completing some simple tasks. So it will not better for airdrop.

This may actually expose those who submit such identity documents to unwholesome practice such as identity theft, hacking through brute force ,unless the ICO has good enough reason for it, I prefer not to submit my kyc

I don't believe the kyc requirements to get the rewards token participating in in bounty campaign, i think not safe to submit my personal identification as cryptocurrency anonymous user.

Why i'm not agree to the kyc it's because i worried to use my identification to the illegal activities if some bad elements or the hackers spot my identity submitted from the kyc.

I do not see anything wrong with KYS and if I have to send my passport, they will not do anything to him. and if you are already so afraid of something for $ 10 you can buy a complete package of documents of other people

I love this KYC system, at least this will reduce the existing multi account though not completely. but sometimes also feel personally objected when submitting personally identifying. obviously just like that because it certainly is not going to know where their running personal data submitted. It would be very bad if this is misused for things that are not appropriate.

I personally disagree with the requirement of performing KYC for any bounty participant.
The bounty participant already working hard helping the project to be known by many investors, they should get their right without the need to do such things.

Some bounties I joined are required keys because of these reasons. 1. To avoid duplicate accounts. 2. To avoid abusers on rewards. 3. To avoid spammers. But I think it is illegal to send some information that everyone have because we can use it for other purposes.

Send KYC for bounty reward is ok for me, this the team developer just want to comply AML . I just did it in one bounty program, but KYC should be only for bounty hunter that receive reward equivalent more than $10,000. We can see some exchange like Binance required KYC only for withdrawal more than 2 BTC daily, so small reward should not necesary required KYC.

For the time being, I am afraid to participate in the bounty that require the KYC because it is not regulated by anyone and scammers can collect personal data of investors.

KYC become frightening for bounty hunter, they fear their personal data will be abused, I've been dong two KYC for bounty recently,
what is the worst thing can happen if our personal data abused by irresponsible people?since I don't have experience on this matter

I believe that those bounties who collect documents for the procedure of KYC they are most likely scammers. Previously, this was not, but now everyone was interested in the personality of bountyhunter.

If any bounties ask you to do KYC to receive your reward then just know that you are being scammed. There is no reason for them to want KYC unless to get a hold of people's documents. These people know how important these documents are and they know that they can always sell it on the market for a good amount of money, do not give them your information

I think KYC must not be a requirement for bounty participants because they work hard for it. They can avoid multi-accounts by confirming their accounts in the thread.

If needed a KYC it must be included in the rules just before the start of the said campaign so participants will be aware of it not after finishing the bounty.

KYC is much avoided by many people. because it is too risky because of the identity will be quite dangerous if it falls into the wrong hands. but for the ICO is going to be an asset that is used for accountability regarding the truth of the assets and existing customers. but for the bounty, I thought this wasn't too are required unless for investors then this becomes important.

For some project kyc is needed for regulation, because they must know where and for who the coin they sent, its only because to avoiding sue from regulator, so if the project looks like legit thats not a problem for me to sent kyc

I do agree to this as well we can gain good peofits but still the risk of having  your face id on their bounty would be hard for you because you never knew where will they used it and as of now it is very hard to know you in the internet for bad reason

Lately there are project that requesting KYC even for the bounty campaign participants.
I think there is no need for the bounty participant to perform KYC, since most of the bounty participant will be selling their coin reward after they get paid from the bounty, so it's useless to ask for KYC to bounty participant.

The best reason (I can imagine) for having KYC for a bounty is AML (anti-money laundering) - if it is a legitimate and regulated company, they might need to provide info about where money comes from and where it goes. If they can anonymously give out bounties, it's a potential way to launder money.

KYC (Know Your Customer) is the company policy if some people wants to join their company/bounty., so it cannot be helped if they make that as a rule. It is not useless if its done right. It brings pros and cons to both sides, but if you really dont want to do KYV, you should leave and never join the bounty. It is as simple as that.

I've no problem with bounty KYC. I think when every bounty campaign also require KYC so bounty hunter will have to be careful when they wanna join any bounty campaign cause if they join scam bounty campaign then their documents will be risked. Beside, it's also a good way to avoid bounty cheaters.

We need to be careful on joining bounties that is asking for your personal information, they can use it to scam you. But not all bounties are scam of course, there are some bounties that is asking for your Personal information legally because its needed so they can prove that you are qualify for that reward.

In my experience, KYC is a good way to know if the ICO project is successful, so I think you and I should choose the KYC project to do, so that is quite secure. more for us

I think, if someone has your photo ID can make loans, and that can cost you, that is why i'd rather never do kyc.

KYC is indeed painful things to do, as a bounty hunter we already done our work tireless to get some small rewards.
But at the end we feels  like we should done hard task to get what we deserve to get from our work.
 

I dont think so, that is very risk.

now most of the  new ico promotions bounties are asking for kyc mandatory we can see kyc is important for exchanges as well so future genuine projects we can work with submitting kyc

actually not all bounty system applying KYC. only some of the bounty only. and for me no problems with KYC or not. the important thing is that given rewards, not the KYC.

I totally not agree if bounty campaign participant being asked to do a KYC.
That way i've tried to look for bounty campaign that aren't requesting for KYC.

Yes bounty manager  sometime put up the need for know your customer k. Y c to be able to detect the nationality and identify the customer so it important to be used in bounty

If a bounty is announced at the end of the time to declare KYC verification, then I can treat this bounty as scam. What really destroys the rules is not the abuse of the bounty hunter, but the random change of the rules. This is devastating for the credibility of a project.

Yes, i think so, credit is the most significant thing when doing business. That is very unfair and untrustworthy.

As an honest participant in the bounty of companies, I should not worry about verification. However, there is another reason why I'm afraid of sending my data. This, as you also noted - the fear that my data will be stolen and used by scammers.

Also, you indicated the advantage of passing KYC for bounty hunters is avoiding spam and multi-accounts. As for me, this is not a problem at all. Any hunter, if he wants, can pass KYC to any of his friends or relatives.

All individuals are being stressed since it could be a enormous chance to grant your distinguishing proof that's why there are bounty seekers are against to bounties.i think its not worth it giving your data in trade for a token. They can utilize these data to do awful things.

This article is so true. For my own opinion and also, based on my experience, bounty hunters DON'T NEED to submit any document or identification to join a campaign. What is the point?

Reasons:
- To control spam
- To avoid users who uses multiple accounts
- To avoid cheaters
- To avoid abusers
- To get personal infos and used to illegal works (It might be right?)

For this one? The bounty manager can control this. KYC is for investors not for bounty participants.

not all bounty require to submit KYC, there's bounty there that not so strict about the KYC. but most of requiring a KYC for there costumer details

That's true along with that some of the bounties may collect your email address while you are applying for the bounty program. I want to ask that if they sells the email addresses for the promotion purposes or data pulling means what we can do buddy.

If the project has the good strength means then we can take all things to take ahead buddy.

In my opinion, your observation is very helpful. The KYC is sometimes needed to prove that we are not scammers or spammers. However, should it be because it is only for the customers. I myself never do KYC for bounty. But if sometimes I must do KYC, i will really analyze the bounty and ICO whether it is trusted or not. Because I feel little bit worry about the safety of the document.

I have been avoiding bounty with KYC. I had a chat with someone who works with an exchange, she asked me if I have links to sites selling KYC to investors that are from  a restricted jurisdiction. The world is cruel and wicked, we all need with tread with wisdom.

Usually KYC used for pre sale and main sale investors. But now I see more and more projects that are requiring KYC for receiving bounty reward and airdrops. Dont get caught by scammers. Dont send your private info If you are not sure the project is clean

I think it is necessary to remove the scammers. A participant and using multiple accounts will make the fairness no longer available. They get more token.

kyc requirements has been the trend for bounty reward collection for some time now. Even some airdrop still ask for kyc despite the ridiculous amount of tokens one will earnest the end if it all. I also agree that it us not a too good decision to just release one's personal information but most times bounty participant are usually not informed of this condition until the end of the campaign when they would have completed the task. Therefore most participants don't have a choice than to do it because no one want to put effort into something without reaping from it.

All people are being pushed since it can be a colossal chance to allow your recognizing verification that's why there are bounty searchers are against to bounties.i think its not worth it giving your information in exchange for a token. They can utilize these information to do horrendous things. That wouldn't know about.

And the bad thing is: When they start the bounty campaign, they say KYC is not required , but at the end of contest, they  say it's required to KYC. But the time for KYC is gone! Lol !

And this is the main problem with KYC, the way personal data can be used. Since there are no restrictions in this respect, there is a risk of using the data sent for other purposes than simply identifying the bounty participants.

As of now most of bounty now are required to join KYC to claim your reward. KYC is a big factor helps cryptocurrency to remove all of scammer in this forum and some are cheating in joining bounty programs like using fake or double account.

I think the right choice is to receive rewards using KYC. Because many people do multiple accounts. A few months ago I had taken part in the bounty and used KYC to receive rewards. I think KYC is an easy thing to do if you meet the requirements.

Maximum bounty require KYC i observing at the present bounty project. Actually KYC just a method to find out multiple accounts and cheater.
In a few airdrop asking KYC because many people joined by alt accounts. KYC is very important i think. But sometimes it's risky for our privacy.

KYC is know your customer  and the reason why some projects are asking for bounty hunters to do KYC  is what I  do not understand. Bounty hunter is only helping the project to advertise the project to the investing public. There is a lot of risk in sending documentation online to a group you do not know very well. Any thing can happen with those identity and can be used to track you. A bounty hunter is not an investor rather an advertiser to the project so asking the hunters to do KYC before they are paid for their effort is not good. Sometimes the project handlers will not even inform the bounty hunters about the need for the KYC only for them to secretly bring the KYC up and denied a lot of  hunters their reward.

Yes, rules are still rules that we must obey. I think KYC needs to be done because to limit people who commit fraud. Yes, but giving an identity is a risk for us.

KYC is not a must. ICOs are doing that in case of they need to declare some docs to authorities.
Hint: Don't join any airdrop or bounty program if they don't do KYC. Possibly scam.

Reasons. 2-4 are basically is the same thing, to avoid bounty abusers. But in general they should n ot care about that, more markeitng is better for them.

I think that the only 2 reasons can be : 1) for legit project ,they are unprofessional and they dont know if they need to ask for KYC for bounty hunters as well 2) they ar scammers who are trying to get your information

Solutions: Do the KYC if it is done by outsourced company which checks out, otherwise do not do it.

That is not their purpose. Their purpose is to know if a participant is using a multiple account in their campaign. It's not about the nationality. Do you have an experience joining in a bounty campaign? If a bounty requires KYC, for sure its a scam. Most of it are scam so beware of it.

Do you have enough experience that most bounties requiring KYC are scams? Although I have never yet participated in bounties requiring it, I might in the future, but if what you said is true, then maybe not.

Now a days, many spammers are making fake entries in the name of real bounty hunters with their details and some time, real hunters deprive their rights with wrong entry in their names. If KYC comes into effect, then no spammer can make any fake entry and real hunters get more rewards for their work.

Some bounty projects require KYC to receive rewards, but not all of them. I am not at all interested to join bounties that requires KYC. As, there is no guarantee that you data would be safe and it wouldn't get leaked in future.

Yes, imagine, it is practiced now, but I also don’t understand why it is done, because we get our tokens for our work, I think that this cannot be called that way, maybe in most cases this is not required, therefore I think that the developers reinsured.

Oh sure. I think that you definitely need to confirm your identity because many people are engaged in multi-account management and do not allow others to earn money.

I disagree with you. KYC for a bounty campaign is a guarantee of the absence of a large number of multi-accounts and it means your rewards for the participants.
KYC for airdrop is stupid. Send your personal data to get 2-20 dollars? I would not do that.

bounty dont needs KYC, will that be implemented at the first place?
will that be a good chance to have in this way?
we all know kyc CAN BE FAKE SO WHAT IS THE REASON TO HAVE IT?

Yes it is true in some bounties need to submit KYC but it is not compulsory in all bounty programs. KYC is required only for the reason that you don't belong to the country in which cryptocurrency is illegal and also to restrict the entry of fake people.

Could you kindly tell me how can be our identities abused? What they will do with them? They will create a bank account and borrow some money? Or they will make a fake business with our identities?

I think cheaters in bounty campaigns is a big concern today and there is no more effective way to prevent this, than required KYC procedure. I'm not a supporter of it, because there are still many SCAMs aimed at gathering users data, so people need to be very careful with it.

I think KYC is really needed not only in the ICO program and also in the bounty, because this is very important to avoid cheating and restricted countries, but still there is a risk that they will use our personal data for fraud, therefore we must be more thorough in choosing a bounty or ico program that you want to follow

We should avoid the bounties with KYC procedure to recive rewards because if that bounty turns into scam then our details can be used in the wrong way or scamming others so we need to be careful with our personal details and don't reveal them for few pennies.

Now in most cases, and many companies Yes it is necessary to go through the procedure KYC identity verification, on the other hand can be good robots to remove, so to speak spammers, and on the other imagine that there are managers are not quite honest,and they will be different ways to try you part of the tokens to pick up, and KYC

I believe that as long as there are no guarantees in receiving tokens, then we can’t even gossip about any identity verification. this is the very fraud

I do not think requesting for personal details from bounty hunters before giving them their earned tokens is the right thing. It takes away the anonymity from crypto and besides bounty hunters are not customers, they are just workers so why the need for 'know your customer'

I agree with your write up about KYC, it's not meant for the bounty hunters, because the bounty hunters are not contributing money but their time and work, but in most cases, KYC is always required because of the cheat among the hunters, so the team requires the KYC to make sure they are sending the tokens to the right people. I will say bounty hunters brought it upon themselves

Well, I am a bounty hunter and I have got to understand that the need for KYC is to control spam, avoid users who uses multiple accounts, avoid cheaters and to avoid abusers which is of course a good thing but at the end of the process I just keep thinking what do they do with the Personal Information afterwards.

Some ICOs need to know all token holders whether they are investors or bounty hunters, that relies on the regulation process they are subjected to. I think it is not a bad thing, because it can eleminate the using of multiple accounts, which means more tokens for bounty participants who manage to pass KYC.

Personally, I don't see anything wrong with KYC. They can not abuse our data because the scan of the passport and selfie is simply not enough for the loan and so on... At the same time, KYC cuts off fraudsters, and this is a huge benefit. IMHO

well I do agree with kyc system apply in bounty campaign as this will make fraudsters a big time headache to claim the rewards. im very sure this kyc system will cut almost half of this scammer to stay away from the bounty.

Recently, life has become complicated for bounty hunters. Many projects have stopped paying or postponing the payment of tokens, others do not go to the stock exchanges and the participants are then unable to sell these tokens.
I think that checking KYS for bounty hunters is not correct. Bounty participants do not contribute any assets to the project and are not clients of the project. They only invest time and risk because the project may close. Also, you can not send documents to unknown persons! You cannot be sure of your safety.

I also think that this is not a bad practice, but I would like to be sure that my documents will not fall into the wrong hands, and no one will guarantee this until the corresponding secure service appears.

I completely agree with your opinion, but I would like to add one more thing. I agree to provide personal data to this project, which will really be promising is the inability to make good money. For the sake of getting penny earnings, registering KYC does not make sense.

I think that this is everyone's business. But today, however, there are still more demands to provide personal data, as well as fewer really promising projects, which will give good earnings for participants in the Bounty campaign.

Yes you are right they can use our data for personal purposes I personally encountered this, then you need to carefully study the project

I think it all depends on the terms and condition individual bounty campaign release at the start. If the bounty requirement being introduced after the bounty campaign or towards the end, it will not be fair to the bounty participant but if the rule has been stated from the outset, therefore they are justified.

I think it will not hurt you. After all, if there is this notion, it will reduce the number of multi-counts.

I love bounty campaigns that require KYC identification. This allows you to earn much more. Those who have many multi-accounts do not participate in such campaigns.

I believe that a project that requires participants to fill KYC means that the developer is really careful of the bounty participants to run well to avoid cheating

Yes , but it depends on the requirements of bounty manager. If the bounty manager requires kyc for the members in order to redeem their bounty tokens, then they would submit their kyc, but if it is not necessary, then they dont.

Most if the bounty campaigns these days require KYC before they distribute tokens where I don't think it's a good idea. In my opinion, kyc should be for investors alone while bounty hunters should be left out.

There are bounties that needs a kyc or a real identification so that they will know who are the bounty hunters. But many people or bounty hunters don't want a campaign that requires a kyc because they afraid to give their personal identity.

KYC is for verification purposes and can be used in every aspect of crypto which deems fit verification especially in the event when double entries are suspected. Therefore, it is very necessary for the team to make bounty participants aware before they participate and not to wait till the end of the bounty program.

Although he has good cause. KYC themselves are also quite doubtful because many have a risk of it. identity theft and the fear of abuse also became quite feared by many. If in doubt it is better not because even I myself also avoid this sort of thing.

Yes bounty obviously need kyc(know your customer) for bounty reward purposes. Well this is a security measures that bounty organisers use to know your identity and nationality. Because there are some countries that are not allowed to participate in bounty hunting or cryptocurrency

Other bounty and some airdrop need kyc, some other airdrop dont need a kyc, i think kyc is good for airdrop so that the security of the airdrop or bounty site is secured

KYC doesn't help to avoid multiple accounts and cheaters, I know some people that pass KYC for 30 -50 accounts in good projects and then sell these accounts to investors who want to invest but don't have an account, in similar way a bounty hunter can pass KYC multiple times using documents of his/her friends or relatives. How does KYC control spam? It's unclear for me.

Actually you have a point, but that is the reason why most of the bounty campaign are needs an KYC for bounty participants to avoid multiple accounts or cheaters.

Only KYC will save the bounty industry from multiaccountry. I consider this procedure simply necessary and indispensable.

But after all, the fact that the project proposes to go through the KYC does not mean that it is not a scam and therefore many do not want to go through are not sure that the project is good

KYC is needful to identify the real bounty hunter as nowadays many spammers are entered in various bounty campaigns and taking rewards by the wrong way from bounties.

This makes the KYC is important enough for the bounty hunter. The double account is certainly quite a lot, and I am sure this will give bad influence for the results for such a small account that I have. at least with the KYC is becoming slightly reduced and made it increasingly fair. Perhaps many are not liking it because it also has the risk but it is also fair when it should be required.

Some projects do genuinely want KYC information in order to cover themselves against any potential legal action. This is just a precaution given the vagueness of laws around crypto.
However there are certainly people out there who want this information as part of a scam to obtain valuable personal details.
Just another reason to be careful I suppose.

Yes, I thought it was appropriate for the bounty hunters to make KYC when participating in the Bounty campaign, because there were so many bounty participants using fake accounts to participate in the campaign. That is clearly strictly prohibited, so I strongly agree that the bounty hunter must make a KYC.

Bounty needs KYC, because it will protect the project from a lot of scammers. But did you think, that our data is really safe? When 20k people passed the KYC and an ICO has gone scam, what happens to out data then.

KYC is so common sense why it exists ,and i dont know why so many retard think this is extra job lmao
BTW thanks for the sharing to let noobies learn

Unless of course you are confident in the project, in the team, then passing KYC is possible, but mostly it is not all bounty campaigns. Passing a KYC is necessary if it is required by the government of some countries, in accordance with their legislation and there is no other way.

By the government of some countries? Actually KYC is for the ICO investors not for bounty participants, but now most of the bounty campaign are KYC needed to get your rewards. Well the only thing we have to do is follow the rules, because there are some reasons why they required it,  is to avoid multiple accounts, cheater.

it's very good to be able to avoid cheating in the bounty campaign and participants. because now more and more participants are cheating in following a bounty campaign

I suggest that you should spend your time on trading. Buying cryptocurrency is still an early investor, but the rewarding task I think you are late, don't waste time.

I also think that it is not entirely correct that in this market we confirm our identity, but if we want to earn a bounty, then we have to agree with the rules

Before KYC is only for those investors but now most of the ICO projects also implement to do KYC thing for all bounty hunters to avoid multi-account users & cheaters abuse just to collect more rewards/ tokens in bounty campaign.

some rewards for generosity require mandatory passage of KYC, and some do not require, in my opinion the reason for the passage of this procedure is to detect fraud.

Thanks for the informative post, yes i do agree with implementing the KYC for bounty participants. Nowadays its a questioned of how many participants are real, fake and a dummy accounts, so KYC is the only method to eliminate those spammers, fake accounts and others. Good thing, that KYC is implemented

Yes, I agree with you but what we can do about it, rules is rules and need to follow to get pay. That's why take the right bounty program is more important, join only trusted program depend your experience. KYC is not problems but if you can't accept it just leave and take another one.

You should understand that many countries have adopted the same type of regulatory practices as the US when it comes to investments and receiving benefits from ICO. These restrictions are placed on projects by governments not just because they feel like making your life more difficult. Besides that, it is an excellent way to stop Account farmers making multiple claims on the bounty and taking an unfair share of the pot before others.

Sure if you believe in that project i think we should doing that and KYC is the only option we have, if we don't wanna do it they can't give us the reward. But i just do kyc for a big reward, not for a few token.

Most of the bounty is not required the KYC procedure but one of them ask for that. I always consider joining the bounty that asks the KYC procedure. Almost my bounties do not need to pass the KYC but I joined two bounties that need the KYC procedure and I am in cos I think the token is worthed. 

Although KYC can effectively avoid using multiple accounts, the privacy of our participants through KYC will be revealed. If it's a fake project, then our privacy will be the way they make money!

Something this year bounty is not happy with their projects. :-[

Some ico don't need kyc also for claiming their rewards if you are a bounty hunter.
Every ico have some ways to build a project and different thinking for doing it.

I think having a KYC in the bounty to receive an reward is very risky for he bounty hunters because having a kyc is giving your personal details so that you can join on the bounty campaign. But I think it was also a good idea of having a kyc because we can avoid multiple accounts in the campaign.

yes to me I don't truly accept the releasing of self identification because bounty program..


we don't really know why and how why do they need our details for such purpose, bounty participants are not meant to give out there ful details to unknnown people. i think kyc are only for project investors.

Most campaigns require KYC to prevent users from using multiple accounts. It also helps the team members to identify the investors and identify scammed too.

This is not as effective a technique as you think, now you can buy other people's documents for the passage of this procedure for only 5 $ -10 $. Identifying multi-account and dishonest bounty hunters should be the work of a bounty manager.

But they should atleast inform the bounty hunters that KYC will be needed because i can see projects they will announce it after bouty ends

This is indeed a risky action to take. I usually avoid bounties which have a KYC requirement as much as i can.
Peoples can use your KYC to make fake account, fake information, etc. But if you know it is a legal company and won't use your KYC to anything illegal,
then it is ok to do KYC because it is verified. Not only hunters, but investors are usually doing KYC when investing.

A very bad technique deploy to cut the number of participants who will be rewarded, i wonder why such bad act is common with campaign priestly those project should be tag as scam by participant on forum.

not always, it all depends on the conditions of the campaign, most often it will not be required

Well there are 2 sides of the coin,one that, Yes,drop out of work,and so on,less people will participate in the bounty and more money will be,and berating the party that they can just the same, thank KYC adinamii normal people who have done the bounty,in principle, managers do,and part of the proceeds of Bautista take,and where the General throw,thanks to KYC

All participants in the bounty are faced with a difficult dilemma. To refuse KYC is not to receive payment for their work. Agree to provide KYC with an opportunity to get into fraudsters.All of the projects in which I participated and  were asked to fill in KYC generously rewarded me.And I hope they don't use my documents in bad affairs.

Just make sure that it will be un by professionals personnel, better know if the project is really a registered company then t will be fine to do so, it will give more high profit in bounty since not all want to comply in KYC.

Great article and all of the above is true. But still the risks of data leakage are very high.
Now and in large projects there are missing data getting on the Internet, and what to say about small ones, which in the end may even turn out to be a scam.
Sincerely yours.

I believe that it is necessary only for the creators of this bounty. For the participants it is very problematic. In addition, the trust is much less to the projects that decide to resort to KYC because not everyone wants to leave their data

Now I am categorically against this procedure. For me, KYC is very difficult and I do not want to leave my passport details to just anyone. I prefer to participate in bounty projects that don't have such a useless procedure

Yeah. I think that it's the good idea. Because there are so many bounty hunters with multi accounts and it's not fear!

In most cases KYC is a necessity to prove your identity for bounty and it is a requirement of SEC and of most exchanges.
It is easy for me to pass KYC, because I have all documents and it is like 2 minutes to upload it

There are good reasons why kyc is actually good, but nevertheless i have a strange feeling, if i should send my documents to someone else. Too often i have read that the documents end up in the darknet afterwards. If there was a solution to this problem, i would also be involved in projects that require kyc.

When a bounty program requires KYC for the participants there are two things that come to my mind.
1. I agree on the application of KYC for bounty programs to avoid Scamers and people who use multiple accounts, this will make the bounty campaign more fair.
2. On the other hand I feel hesitant to follow it because sometimes our doumen is secret and can be misused by irresponsible people.
 
Of these two things I always thought hard when I saw KYC's request for the bounty campaign and in the end I always missed it. For me, my personal document is very personal, so is there another solution for this problem?

Yes this is true, knowing your customers is for avoiding some cheaters shits all over the bounty campaign however some truthful bounty hunter are going into some risky illegal activities without personally knowing it, they might be surprise they already has a committed crime accusations. Adding that up, KYC is risky but somehow in the bright part it is just for most of the bounty hunters.

I don’t understand why they introduced verification procedures with passports or other personal documents into the bounty. I think it was already superfluous.

I'm 100% agree with this.
Many people are just doing bounties with so many alts and many social media alts with many wallets to receive rewards.
With KYC everyone will do bounties honestly

Yes, definitely agree with this. KYC should be mandatory. We all know that bounty campaigns are full of alt accounts, cheaters etc, though it won't totally eradicate cheaters, it will somehow lessen this kind of activity. About the risk, well it's our role to check what project we are supporting.

Well, when I discovered the KYC (Know Your Client) concept which I wasn't really used to here in my country, I was first discouraged because it hindered me from receiving some of my token which I have exhausted time,energy and data on. Although, the idea is good but it doesn't pay me because I have not yet gotten some of the required available.

I think it's natural if the bounty hunters feel scared if their personal data is misused by fraudsters, but I'm sure as long as the ico project we follow is really good and reliable, the project team needs KYC just to distribute tokens to people who are entitled and honest follow the bounty rules.

For the exchangers it can be consider or reasonable to apply KYC, but in some other bounties they have this kind of rules, though in some your reason was right, but it is not necessary actually, because some bounty campaign don't have this kind of rules. And yet, in the end they distributed the bounty rewards to all their participants which has no difference in the bounty who have KYC. But sometimes, if you are one of the participants you need to follow even you don't like to do that.

The problem is that so many companies began to introduce KYC after the end of the bounty, so if you want to get your tokens then you have to go through it!

KYC for bounty hunters are not very good rules, which definitely cannot be used, you understand that now such rules will not be taken seriously, because seriously many people just won't do it, I think that this is not right

Kyc for bounties to received rewards ,it is the rules which is implemented by some ICOs to have transparency in the bounty campaign because there are multi accounts participating in obe bounty and they consideted it as cheating, so to be fair that only one account will joint the bounties ,they set the rules of KYC to prevent multi accounts and fairness to all campaigners.

KYC is just an excuse by the team so they don't have to pay reward on their bounty participants not unless they announce it before the campaign start. It is not worth it to compromise your personal information in a campaign where you are not sure of it is going to be successful or not.

No, and many times we can say no, because bounty hunters do not pay anything for sure, because now these people are just wasting their time promoting projects in order to raise money to implement the idea.

On the one hand KYC is normal cause now appear a lot of projects that offer banking services for crypto holders and they just have to do KYC. But on the other hand you never can trust the developers because a lot of them just sell documents on the black market.

We totally trust your own viewpoint, however, I'd like to include yet another thing. We accept supply individual information for this task, that will truly end up being guaranteeing may be the failure to create great cash. With regard to obtaining cent income, signing up KYC doesn't seem sensible.

When you deal with well established exchange or brokers, KYC, doesn't come up until the amount involved goes beyond a certain significant level - big enough to finance crimes not when peanuts are involved. Bounty hunters are promoters not investors and they hardly earn something significant from the campaigns, so asking KYC from them is a misplaced priority or a clear attempt to defraud.

You can tell a project is calculating to scam its bounty participants, when at the tail end, they start asking for KYC even when they said otherwise at the beginning. They know most bounty hunters would rather not go through KYC and so they end up not getting their rewards. Now, what's that, scamming of course! A project like Two-TV  did as much, till this minute, they refused to make public, the bounty campaigns spreadsheets and then slammed KYC to get rewards, they'll reap what they've sown.

You hit it all right, good analysis paypal requires us to submit our documents for verification but they are a compliant company that you can sue anytime if there are leaks, you cannot say that to a company that is just doing a crowdfunding where you will not have a guaranty that the ico will become a success and very much compliant to all existing laws about KYC

I consider it fair to do kyc for bounties only when the projects themselves will be registered in sec.

Do you know about some ICO that is registered and approved by SEC? And probably this will not happen in the future because many ICO tokens are considered as securities.

The kyc of a thing in bounty do give me concern too, since we are not putting money to buy the token cause kyc only require to know your customer worth and if the person is really worth to buy the worth in actually put in , so the reason is majory to prevent the money laundering and scammer but if kyc is to prevent scammer in cheating by bounty then that is not enough evidence to ask for kyc as the bounty manager can do all needed to stop cheater if really want.

I agree with you. Providing your personal information is always dangerous. But it often happens when the requirements to pass the KYC are announced at the end of the company. If you are confused by something in this project, it is better not to send them your documents. But if you know that the project is good, you can not be afraid.

KYC for bounty participants is to not give tokens to those citizens in a restricted country.
If the ICO requires the investors to do the KYC.
They have the rights to do it also with the bounty hunters.

In my opinion KYC will not be effective, even when ICO applies KYC, investors will be reluctant to invest, I hope there is no KYC in bounties and ICO so it is more free to invest.

I have spoken about this many times, because I do not understand that the KYC process may have something in common with bounty hunters, with people who believed and supported a project that does not yet exist. Therefore, I do not understand this.

This is not true, only reason why institution like exchanges, banks, gambling sites and bookies has to enforce KYC is to stop money launder and financing terrorism.

KYC for spam control, users with multiple accounts and similar is not the reason. There are also legal requirement when someone has to enforce KYC and when someone doesn't need to enforce KYC, which also depend on jurisdiction where ICO is launched. I can hardly believe someone need anyone's KYC for 50$ neither I believe law is forcing them to collect information and copies of documents for so low amount and without investment.

I say fuck bounties with KYC requirement.

For bounty hunters, KYC is completely unnecessary. It is used to identify investors who put money in the ICO, which is to avoid abuse. Bounty hunters receive tokens for their work so they do not invest their money directly in ICO.

I have no desire to go through the KYC identification. But if it is required to receive an award, I submit my documents and I write with watermarks on each of them that these are documents necessary for such a project.

Unfortunately, more and more Bounty campaigns requires Bounty hunters to go through KYC procedure to get the rewards. In my opinion, it is unnecessary, KYC should only be used for investors.

Not all bounties requre KYC for the bounty participants in order to receive their bounty rewards. Some thinks that KYC is jist a waste of time but some people do look at it as an added security in order to promote protection against multiple account users which is its advantage. We do all have different perspectives.

Kyc is for the bounty management to know the investors that are dealing with them and to be sure if they are not from countries where Cryptocurrency is restricted. Most bounties use kyc while some don't

Also when an ICO require KYC, it will make that ICO add more risk, because if the project exit to scam investors not only lose their money, but also their identity that will be misused later for various crimes.

One again about bounty with KYC. I think that so far, many bounties use the KYC to get the rewards. Some have told us in the beginning that they will need the KYC for the bounty participants. It is fair I think. but, some are not fair by telling KYC pass after the end of the campaigns. So, I think that the BM and the team must consider our work, moreover about KYC, never do it in the end of the campaign, just in the beginning or at the middle at least.

This is no, no for me because doing kyc will be the collection of people 's personal data. I don't agree with the implementation of kyc for bounbounty hunters because it will reveal their true identities which might fall in the wrong hands.

Most of the project now are requiring the KYC process those who join bounty and token sales but I ask if it safe to give your information to them, as I can see bounty manager also checking some identification and he/she will using in it evil purposes.

If I really like the project, I’m ready to go through KYC, but I wouldn’t have ever done it myself, because I really love anonymity. I believe that the Internet was invented partly for this reason, so that you can work and not show your passport at every corner.

Bounties requesting to fulfill KYC with the participants is a way of outsourcing them as legit. In reality there were more such projects that has gone as a scam. One in five projects have now begun to request KYC. The true feature of being anonymous using cryptocurrencies have been getting similar to that of the fiat.

There are a lot of projects that are now asking for KYC, i myself don't like it as it is against the basic idea of cryptocurrency and that is anonymity but with more and more projects asking for it, i guess we move to it. But i still prefer projects with no KYC.

You have to understand that anonymity was talked about a lot because in order to attract as many users as possible to the cryptocurrency market.

actually, its depend on every member. they want to send their information or just participate when in ico with no kyc. thats not break the rule, and i think kyc just for safety for them (try to positive thinking) there are many ico's reward without kyc, so every member can choice what the best for them. some people said that crypto is anonim, and its ok.

Yes, I have never joined to a bounty that requires KYC. It's really not safety to send our personal information. There are a lot of bounty that not require KYC so I think we have no reason to join the bounties that require KYC

For me in some Bounty campaigns there is no KYC campaign but there are also some campaigns that need KYC. Maybe this campaign manager wants to use KYC to verify the identity of the number of participants objectively. This is not a problem but we should note that KYC may be leaking personal information to hackers and do bad things.

KYC is your choice that would depends on you what are you going to do. If you want to get token not just KYC is the thing to do but to find more bounty campaigns and join for it. Yes their ae problems that might appear but that is part. Tokens are really useful because it is can be converted to cryptocurrrncy.

I am a supporter of this test because in this way we can hope for the integrity of the bounty campaign

Of course prefer projects where there is a kyc , due to the fact that it is possible to earn more bounty , and it is not difficult but of course I want to be anonymous here!

KYC doesnt determine or a factor that make your earning bigger, infact handing over your important data to stranger is the biggest flaw here, imagine giving away your passport for the sake of few dollars any sane people would consider that an act of suicide but some people will do it anyway, that's just crazy.

I do not really like to send my personal data to anyone. However, if it helps to reduce the number of multi-accounts in bounty campaigns, then I agree to go through KYC.

Literally speaking, the act of sending KYC documents for the sake of token is not the best idea because it's has go astray to the features of cryptocurrency.
I wish the aspect of KYC can be cancelled.

I think that a quick and easy solution for KYC is doing it but with a third trusted app like CIVIC (that is used now also in bountyhive for example). In that way bounty hunters are safer because host can't have direct access to their personal data.

I have mine too, that bounty required KYC, i have no choice but to fill up that KYC required because if not i am not rewarded. I just hope that it can't be a big risk for me as what was i read in this forum. Only i am very thankful of this forum that next time i would be careful to avoid risk and any circumstances.

Other bounty and some airdrop need kyc, some other airdrop dont need a kyc, i think kyc is good for airdrop so that the security of the airdrop or bounty site is secured

I have seen blockchain driven KYC systems where you encrypt your data where 3 party verifying system will verifies you for KYC standards. You are right that KYC is too risky for our personal info can be used for unwanted issues.

It is necessary for bounty campaigns. This is because many people use multiple accounts to join the campaign. It is fraudulent and not transparent. I am involved in a bounty campaign managed by the amazix team. They asked the participants to pass KYC before receiving the reward. It helps the campaign participants feel interesting and believes the campaign is transparent to everyone

I disagree.
You say that "Giving personal details to anyone on the internet is VERY DANGEROUS", but everyone give personal details online when we use our online banking or financial service.

The truth is that we don't have enough faith in crypto's world or crypto's world can be already trusted.

At this point I will not KYC for a bonus campaign. Maybe they will use my information for bad purposes. I often avoid the bonus campaign that KYC is obligatory.

Sometimes decisions must be KYC when the bounty is over and not the previous bounty rule, the main reason as summarized above. I have verified KYC in several bounties but only for certain projects that have reached hardcap or 80% of hardcap

I will not participate in the bonus program that KYC is obligatory, a very small number of tokens are not worthy in exchange for my information.

I have no problem in doing KYC if i participated in the bounty of any ICO.
As long as they are success ICO and the project is legit.
If the investors did KYC also then it is really a must for bounty participants then.

All the bounty do not need the kyc to receive reward. Out of few bounty demand of kyc because this is the best thing to know the actual entity of the bounty hunters for his rewards to do the bounty campaign. I think this is good for all bounty 

In my opinion, so that the ICO team is not responsible for the fact that someone became a member of the ICO from countries whose governments forbid their citizens to participate in the ICO, it’s enough to warn them in their documents and that everyone who joins should press the appropriate option that he knows that. It does not necessarily require confidential data from us. In addition, bounty hunters cannot be considered as clients of ICO projects at all, since they do not invest their money in ICO projects.
However, in any case, a KYC check should be carried out for bounty hunters before joining the ICO signature campaign so that everyone can assess their ability to pass such a check. For example, I can not provide documents confirming the fact of residence at the place of registration. since I live at the place of registration. Therefore, to work for free, then at the end of the ICO to find out that I will not be able to get through KYC, I do not agree.