Bitcoin Forum

I want to ask about the KYC in the world of bounty, what is the benefit of kyc?
1. only for identity
2. reduce multi-account participants

I want to ask seniors who have long been in the bounty world because I am still a newbie. Please enlighten me. thank you

Don't participate on the bounties if they need KYC for receiving your tokens because these kind of bounties can record all your KYC documents and will sell them for good rates which can be used for the criminal activities too so if you concern about your privacy and security don't reveal your documents for some bucks.But the only benefit is that you may receive high reward when multi account were restricted but it also has it own advantage that your success rate of that project will get reduced as well when less people promoting it.

As Thanasis wrote. There is no reason to divulge the data. There is only a significant risk that this date will be used for something else.

Greed makes people careless. Do not be greedy and always think twice about who gets what.

of course, every bounty is wearing kyc and some are not wearing kyc. From the beginning I didn't know that the bounty had to use kyc, bro, I was afraid that my identity would be used by irresponsible people. if your suggestion is correct but I don't know that the bounty must use kyc

I agree with your opinion, bro, if the bounty uses kyc for the terms of receiving tokens or coins, it doesn't exist and as far as I know, it's only for investors, I give thanks to all of you who have given advice.

the benefits of KYC are usually used for personal data that will be used to secure from irresponsible parties (multi accounts). there are some countries that are not allowed to follow it.

but I am still confused about the KYC that is obliged to accept the token and sometimes there are some countries that are not allowed to take part in the bounty whether the countries that are not allowed to participate in the bounty will have an effect on price competition.

there are none. it's not worth to give your identity up for $2 in crypto.

Naturally KYC is needed for the investors due to anti money laundry ( A process whereby someone fraudulently acquire wealth and he/she is looking for where to keep it or spend it lavishly.
In real sense there is no point for asking for bounty hunter kyc because they only earned  small amount of money.

KYC accounts can limit cheat while participating bounty.
However KYC account  there are also many risks as we may disclose information and bad people can use in the absence of good

what are the benefits of kyc to store identity data and also reduce multi-account participants with caution? This will make the security of project developers confidential and as reinforcement for developers by bounty participants

One reason, so they have more ID's that they can use for their Future ICO projects :D so if you undergo KYC in a bounty campaign you can expect your name to be used as a CEO for their future projects. :D

It is kind of promotion and data collection work only goes if the bounty program goes with the KYC verification. In my view, non soft cap achieved projects are not worthy to share your KYC details. Finally you will not get the worthy tokens as well as for your participation.
This is goose bump after the ICO and bounty campaign ends.
So be careful before you participate the any form campaigns in this forum or other sites.

therefore the Kyc program is only to reduce multi-account participants but as far as I know KYC is only needed for investors. but will give a lonely effect to the project that will be advertised for fear of using kyc.

but if it only reduces the multi-account participants it makes sense but what I'm worried about is my identity is afraid to be used with irresponsible people, and I agree with you.

in my opinion, kyc is a scary thing for bounty hunters and is afraid that someone's identity can leak and be used for things that people don't want to be accounted for, and KYC is good at preventing some accounts from participating in prizes.

There should exist kyc for bounty hunters because of minimizing the cheating of greedy bounty hunters and increasing fairness for bounty hunters.

KYC for bounty?

It shouldnt really be there on the very first place because bounty hunters are not investors which would really need up to pass documentations.It might really have some advantages to limit
or block those cheaters or multi-accounts but it isnt really an appropriate thing to be mandated.

This is the part of it but giving your identity for those tokens isn't really worth it.

Your identity can be used to some other things but whomever you'll give it so its better to keep your identity safe and sound than to entrust it to them. But if you are a die hard bounty hunter, its your choice.

not only for identity and reducing multi-account participants but in the gift program must be over 18 years old, in this forum I see several accounts that take part in the gift program under 18 years therefore some managers use the KYC program to ensure that participating in the Bounty program must be over 18 years of age

This is correct, but in bounties it's not the small amount of money why you cant be charged for money laundering, it's because you didn't invest any money so there is nothing to be "laundered". KYC for bounty, pure scam!

average bounty allocation is only 2% of sold tokens or total supply, very little. but the risk we get is greater, because our privacy will be at stake, kyc has the potential to be misused by irresponsible parties and that is why we must be careful.

Does the bounty have to have a maximum age, bro, as long as I study in the world of gift or crypto, I just found out that there is an age limit if I myself think that Bountyhunter does not have the most important age limit to meet the limits of thought and knowledge.

yes bro now there are many bounties and airdrops that have to use KYC, the amount distributed is also very small and unbalanced if in my opinion and the negative side of kyc is afraid of being misused by irresponsible people.

These things should really be put up on our mind why would really risk up our own identity for a token which doesn't really have any value in the market?As we all know on initial phase where tokens doesn't have a significant price.If you give your details and then end up on holding a garbage coin then it would really be a disastrous thing for you since you didn't gain nothing but all garbage.So no to KYC.

bounties shouldnt have an age limit because it is anonymous and can be done online which means anyone can still use a fake identity ( e.g name , age , adress ) so setting up some specific rules will only be useless . but you might have to be in a legal age before  you can withdraw your funds locally as it is requires an i.d to prove your ownership . if ever you are not in a legal age , you can still transfer your funds to someone who is eligble to withdrew your funds and that still solves  your problem .

Looking at different sides, I can say that its not worth to put your identity to any of these verification process of any bounty. But the participant has its own discretion and if you guys are bounty hunters remember that there's a limitation for it.

Before things would go terrible when someone used your identity, you can't stop thinking that its your own fault for passing your valid ID in exchange for those tokens that's really have no market value.

I agree with your opinion, bro, if I think age can be manipulated
because now technology has developed rapidly in all circles, if I am a gift hunter, I don't have to be an adult, the most important is mastering the science of crypto

Definitely. It shouldn't be there in the first place because doing KYC is only for the ones who would be investing in the project but not for those who would do the marketing for them. If it can do anything, then it would just be to confirm the identities of the people who are participating in the campaign and reduce the number of participants.


I saw one post before about someone selling the KYC of the people and it's not cheap. Those scammers are just taking advantage of the YC going on in legit projects that's why they are asking for KYC as well and then sell it for a profit. If they can collect for 1000 people and sell it for $10 each then they can have $10,000 easily. I just don't participate in bounties asking for KYC.

I disagree with this statement. Do you really think that minors should
spend their time with bounty campaigns? In my opinion they should either
socialize with friends, enjoy their childhood or focus on getting a good
education. A good education and a happy childhood will bring them more
in the long-term than a few (mostly worthless) tokens for participating
in a bounty campaign.

I also can´t believe that you suggest minors to sign up using fake data.
Get an education instead of participating in bounty campaigns using fake
data!

very big effect of kyc well, I just found out that KYC identity can be bought and sold by irresponsible people who are thirsty for money, thank you, bro for the info, and I want to be more careful

So, sometimes we don't know from the start that I participated in Bounty with KYC, so yesterday I joined the gift from the beginning, there was no information about KYC, after the prize was finished there was information about filling in data and photos to receive tokens, bro. if I knew from the beginning I had to use KYC, I didn't join the gift

It is true, bro, if a little boy has to go to school and seek knowledge not to be bountyhunter, but now the fifteen-year-old is already familiar with the internet, especially information technology is developing very fast, if I think that being a bounty hunter is now an adult and a teenager who already knows about cryptocurrency science

They are changing the rules at first if you joined a bounty and there are no words included that says its a KYC required bounty then would you join them from the beginning? I don't think so.

That's why they are including also another rule that they have the right to change whatever rules they would like to add.

Yes, it is true that parties from the bounty who have rules that can be changed at any time and I only realize that following a bounty that uses KYC is too much risk.

If KYC is for bounty, I think they are removing multiple accounts from the bounty hunter. Now I think KYC is absolutely necessary for the bounty because there are too many people using multiple accounts to cheat

It's risky on the part of those people that are taking care of their identities. You don't have to think about too much of these bounties if you are regretting the possible tokens that you'll get.

Don't risk your identity for those tokens so be careful.

but all I think about is to get coins or tokens that have no price and have wasted a lot of time for KYC, this is very boring, but really your advice, bro, we have to be careful about choosing a bounty program.

if only multi accounts I strongly agree whether multi accounts are strictly prohibited in the gift program, bro. but if I think the bounty program must use KYC, there are benefits and there are also negative effects

As I've said if you are caring about of getting those tokens and you are willing to give your identity, it's your decision. You don't even have an assurance if those tokens will be worth someday.

You may wasted a lot of your time but you still have plenty of time to do some other things instead of regretting about those tokens that you never get because of KYC.

Know your customer-that's the main thing in the process of KYC, and I support the view that bounty hunters this procedure is not required. It is unfair to force the identification of the bounty participants, and even more so to deprive them of the right to remuneration in the failure of the kYC.

Your suggestion is absolutely correct, actually Kyc is not needed by the team from the project. many bountyhunters do not accept tokens because of kyc because they fear their identities are misused.

Yea as others have said giving up your data for some junk 1 dollar airdrop is not work it it does not even reduce the amount of participants that much.
leading me to believe that if the airdrop is run right there are not many multi account holders 

there are literally no benefits for hunters.
multi acc users will use id pics from internet. yes, sometimes they will get detected but sometimes won't.
hence there will be only some little chances to get paid more as a fair bounty hunter

LOL only there is benefit for project owners and people whoever have the access for the bitcointalk bounty campaign sheets. If they wills to sell the email database to anyone it will be really worst part in the bounty program.
This is one of the reasons for the people mostly go with the side of good campaign. Since they are trustful people like yahoo in the campaign handling.

good point mate
I like yahoo too, but it is really difficult to get a place in his bounty campaigns

It's true, bro, so for now there are successful bounties and some fail, sometimes it looks like a bounty that will succeed and already uses Kyc, but a scam, some are like that. but it all depends on us alone.

Yes, it's true, if I think Kyc has good benefits and there are also negative effects, bro, yes it is true that the yahoo manager is trusted and I often join the gift program

Yahoo Manager is very transparent and very good at calculating rewards and you experience difficulties in Yahoo gift programs located where, for example social media, articles, signatures.

I did NOT say I have had any difficfulties IN his campaigns. I said it is difficult TO GET A PLACE in his campaigns because they are very popular but amount of places is kinda small

The bonus program when requested kyc will be fair to minimize the bad people abuse to cheat

I think is about getting your identity as part of being a token owner which means you are also an investor of the project. You have been promoting which means you have spend time for the project and at least knew about it. This I guess is part of identifying the cheating participants as well so its good. Not that its good because there is KYC, we all hate it but I guess purging cheats are good.

I think its main use is to prevent multiple accounts to receive the reward. That is the only consequence of it that our information will be used to something else but what can we do if its the requirement to receive a reward.

the benefits of Kyc that were asked by the bounty were of great benefit. some of which are useful for reducing participants who commit fraud. the purpose of KYC is to avoid participants who are multi-account.

I would tell you this that KYC isn't really necessary for bounty participants yet they aren't investors which do need to comply with KYC proceedings.Multi-accounting
can be solved out if the manager who do handle such bounty campaigns would really be eager or not lazy enough. Right excel filtering would already solve it out and
good or keen checking out participants task.

In most bounties where KYC is missing some hunters tends to cheat and steal others work.  In order to reduce the rate of scam KYC is the sure bet.  Some kyc is done  as a result of government policies

Using KYC on a bounty hunter does have some benefits as you say, to prevent multiple accounts from a bounty hunter. but I don't think the KYC system for bounty hunters is necessary because they are not an investor. besides that even though they (bounty hunters) use multiple accounts, they also work to promote the ICO project further.

In principle, there are not so many options, kyc is necessary to reduce fraudulent actions on the part of participants of bounty companies, and is also intended to confirm their identity, in my opinion this is a positive aspect since using kyc you can ensure the security of your account

maybe if KYC to reduce the existence of multiple accounts this could be. but actually this is still not accurate. because they could use the identity of others to pass through this KYC. and it is very unfortunate for accounts that are truly real because this is very detrimental. if KYC is for a bounty that has big rewards for me it doesn't matter, but if the reward given is small, I think it's not right. because our identity could be misused.

I think the only one benefits of KYC in bounty is the reduce of multiple accounts that abuse the bounty or always cheat. Because of KYC we avoid some cheating in bounty campaign. And that's the only one benefits that we can get in KYC .

i believe kyc is built not because they want to reduce abusers but because they want to comply with the rules regarding on regulation of banks/money but at the same time kyc do also have another positive effect and that is to reduce cheaters from partipating on their ico or bounties .

Kyc is also a hassel to most of us because not all can complete this step due to the fact that it requires an advanced i.d such as drivers license or a passport on which most of us didnt have but the best and legit bounties nowadays are always requiring this  .  so sad :(

in my opinion about KYC for the bounty world is the first to be sure to know the recipient's bounty and second to know identity multi-account participants, but the benefits of KYC are to prevent fraud because many people want to get rich quick through many accounts. but there are also many people who don't like KYC because they don't want they identities to be known by many people.

I do agree with KYC, a procedure in order to control the flow of multiple accounts and for audit purpose, they need to show to the government what was the total issued to the public. In some countries, they are following according to their rules and regulation of the ICO and that's why they are collecting the KYC procedure.

my credentials , I can get into the hands of malicious people, and they use my credentials for illegal activities. KYC always involves risk

In my view they do it to fight against scams and multiple accounts , also to prevent some countries they dont want them to participate , But i think there must be another way for them to do that without KYC , I'm not eager to reveal my identity for others . and still using KYC doesn't give them 100% guarantee that people dont make fake accounts!

Most of the time KYC for the bounty hunter introduced at very last time,if they really want to restrict multiple accounts means they need to do at very first so which chows that they are not interested to restrict other than paying their participants with the name of KYC.

kyc or can be referred to as KNOW YOUR CUSTOMER, the principle applied by the project developer is useful for getting payments that you receive.
because some projects are banned in some countries, so you have to fill in your personal identity

When it was initially for investors, the project avoided the practice of money laundering, which was used by many corrupt mafias, but now it began to be applied to the bounty community. I felt the goal was to avoid fraudulent perpetrators who used many accounts to gain profitsgreat, this goal is very good for the bounty community to get gifts evenly and real.

but if I myself better avoid KYC in the bounty that I fear is my own data is afraid of being used by other people who are not responsible if in my own opinion, bro.