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There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.

Apparently, you encountered this problem. This question has been raised repeatedly. This is the bounty hunters curse. But all we can do here, on the forum and on social networks, is to inform investors that this project is playing a foul game.

Sometimes projects have to add the kyc procedure due to some legal issues. We can only see the top of the iceberg above the water, but its biggest part is hidden deep under it. We can be unhappy with the new rules, but sometimes it is the only way to pay the stakes out.

Yes it's easy to have our personal information and sell it to the needy party, while paying us just a few cent. It is ridiculous that the bounty hunter, who does not invest in the project, must also perform KYC.

It is a foul way that shit project use to stole bounty hunter token. And those tokens are not paid to bounty hunters are add to token pool for project team. Unfortunately we can't do anything to that shit project. They're done, collected enough money and forsake bounty hunters.

KYC has a positive and negative impact, with KYC going to be more secure, but in the absence of KYC it is a little insecure. actually I myself really disagree with the existence of KYC because it will make participants complicated, and for dev or bounty manager it will add to your work

On the one hand, it is a protection against fraud and the negative thing is that nobody knows what happens to our personal data, I bet that they are sold to third parties.

If an ICO team wants to conduct a KYC check, even if it is illegal for bounty hunters, this should be clearly stated in the conditions of joining the ICO generosity campaign. Without this, announcing the KYC verification after we have completed our work is simply an ordinary fraud. Why do we have to do something else after we have done the agreed work? Such a KYC check is simply aimed at not paying out the tokens earned by us.

It practically appeared another form of fraud on the part of the ICO team. A KYC audit must be explicitly stated in the terms of joining the ICO generosity campaign. This is a significant condition, because not everyone can pass it for various reasons. Moreover, the KYC check on bounty hunters is generally illegal, we should not pass it, because we are not investors.

Do you read their rules before joining their campaign? Almost it has: "Team project and bounty managers reserve the right to change the rules"

Even changing percentage of allocation for each bounty section. So, if they will distribute rewards afer doing KYC, I think it's ok. It's only problem with cheaters.

That is very frustrating on the bounty hunters side since the rules has been change when the bounty campaign end. This scenario occurs due to cheaters abusing the bounty campaign. KYC is one way of catching them off guard by implementing it in the end of the campaign.

As for me,Kyc is an embodiment of scam depending on the intention of the companies asking for it.We all know that bounty managers have software they used to identify cheaters.The question still remains ,why are some set of companies requesting for kyc,especially from hunters advertising their projects.The question is,are the companies requesting for kyc from hunters incompetent enough to detect bounty cheaters?some of these companies are placing hunters in the position of bounty  beggars, and it is unacceptable.
On the other hand,some companies are not stating categorically that kyc is compulsory ,and they deprive the hunters that worked for five  months or more  their rights and benefit.Some masked fraudulent companies use the kyc details of the hunters to involve in fraudulent activities,thereby making the gullible hunters to face the crime they never committed.This ugly trend needs to be given urgent attention.investors should be mandated to do kyc not bounty hunters.I pointed this ugly situation out because anyone can be victim.

That you more carefully read the conditions for joining the campaign of generosity ICO. There are surely indicated specific conditions that can be changed, this is the order, terms and amount of payment of generosity and some others. Otherwise, why then draw up rules if any conditions can be further changed. Any lawyer will confirm to you that such a document will be illegal.
As for the announcement of the KYC check only after the end of the ICO, this is just a new form of fraud by the ICO team so that the bounty hunters do not pay out the earned tokens.

In the rules of most bounty, there is a rule "We reserve the right to adjust the conditions of the bounty campaign." So the bounty hunter should prepare KYC for all the projects they join. Unless they are cheaters with multiple accounts.

It is mostly using to give out less bounty.

Think about this, you are announcing 500k $ bounty campaign.

At the end you say only people with kyc done get rewarded. So lots of people won't do kyc because their token doesn't worth it.

So at the end they can end up giving out less than 100k $ with this method.

i would be pissed if they only annouce KYC at the end of the campaign i would ditch them right away its better to keep your personal information safe rather than your information get sold to advertising companies, if your joining a campaign you should go to ask their bounty manager if there is a KYC for the bounty hunters to avoid this type of problem in the future, KYC is there to catch criminals trying to launder money but i hate it when they sell your information instead of keeping it to themselves.

I never encounter like this situation, as far as i know, KYC has been notified in the beginning of the bounty campaign, and its been reflected on the rules before starting the bounty campaign, however if this situation happen, which is for me a some kind of rare, i think bounty tokens will go to the manager or it depends on the situation maybe, if the project team is responsible for distribution, then its up to them how they would manage the tokens left after the distribution.

If this is the case, it is a project error in terms of socialization, because it cannot be like that even though the project controller has full authority, so many hunters lose their shares. in my opinion it harms many parties

This is not the best technical way to get out of multiple accounts. Projects needs to be more careful when they are selecting bounty participants from the beginning not at the end. Projects must be reliable otherwise they can not stand this crazy crypto world.   

Actually I do not like doing KYC but if I like the project I will comply on doing it. But, announcing it later on the ICO period is way better than announcing it ahead of time because there are many cheating bounty hunters. Some of them had joined two or more of their account to a single ICO project. Probably this will teach them a lesson for they cannot do KYC on the other account they joined in that project. Good for them to have gone that way.

And I had a sad experience with one project, over a bounty and there was no information about KYC, I did not go and have not looked in a month how it all goes, but then it turned out that they were doing a form for KYC, and those who did not, he lost all tokens.

this could be a new policy or a deliberate reason to make it difficult for hunter bounties. of course there are many factors that make it.
we all know that we carry it almost entirely ico is currently verifying KYC with all legal matters and manipulation

however you have to do KYC to be able to get tokens from the campaigns you follow. already the terms and policies can change according to the plan, including the last seconds.

The same here, I don't like doing this KYC, but if I am really interested in this project then I would do it. But I expect also from this project that they do KYD, Know Your Developers, many really trustworthy projects do that last time, I think it's fair!

       That is very true man and I think there is no problem if it is included in rules so that we can decide if we want to join or not since there's so many ICO which is not requires KYC and still they are successful and they distributed tokens with no too much hassles.

I advice to be far away from those campaign requiring kyc documents, maybe if 100% sure that project is well organized by known people in each country. But if just no good real background don't be careless giving your private information

This topic has already been discussed many times, but unfortunately , unscrupulous projects still violate the KYC rules. I wouldn't pass the verification in this case, because serious projects wouldn't change the rules at the end, and frivolous projects don't interest me much.

I am also wondering why some of the bounties or i should say that most of the bounties are only asking for KYC after ICO and not from the beginning of the bounty. Maybr that depends on the team of the platform and we cant blame BM for not announcing that immediately since they also rely all the information needed from the team. I guess we dont have a choice but to follow right?

Yes I've complained a lot about disappointing bounty managers that force kyc on us at the end of a bounty ,for example ,desico ,before I started desico bounty I personally asked in the bounty channel on telegram and the answer was ' no KYC is required to get paid' and now its a must to get paid ,I think its so unfair either ways I've learnt my lessons

Any initiative will have its good side and bad side, this also apply to KYC/AML. KYC shows some legality of a project and is  less riskier to invest in a project that requires KYC. Though to some extent, KYC defeat the goal of anonymous decentralized transactions but it is also good for the industry.

That you carefully read the conditions for joining the campaign of generosity ICO.

As a lawyer, I can say that the conditions for joining the ICO generosity campaign are in fact one of the types of contracts with so-called implicit, that is, silent actions. The fact that we further fill out their form of accession means that we have agreed to their terms of the contract.

In any contract there are so-called essential terms of the contract, which must always be specified. If at least one of them is not specified, the agreement on the decision of the court may be invalidated. The contract price, that is, the amount payable to bounty hunters, is one of the essential conditions of the contract and must be clearly stated. If it can change, it should be indicated in what cases and by how much. Otherwise, such a contract will be invalid. If in the terms of accession it is only generally indicated that any conditions may be changed, then such a piece of paper cannot be recognized as a contract and will in any case be illegal.

If the contract is made and executed, one of the parties is not entitled to declare additional substantial payment terms that were not previously agreed

In this case, this should be considered an ordinary fraud, and the ICO team should bear the material, and in the case of the intention of such actions, the criminal liability for fraud, that is, the seizure of another's property by deception or abuse of trust.

they are using that strategy because when you failed to comply it the stake will be going to them,i am agree with kyc but in the beginning they must announce it and not by the end.they have the rights to change the rules its true but they take advantage for sometimes.

Yes, I also agree that KYC must be announced at the beginning of the campaign. Not just because of your reason but also because there are people that are not comfortable sharing their information with other people just for stakes. I think it is unfair that some projects announce KYC in the end of the campaign. And I don't think they don't give the tokens if they don't comply with the requirements.

For some reason now the KYC system is very crowded, there are some people who use and there are used as an excuse so that they do not pay hunter shares. this is unexpectedly all can indeed be made into action manipulation. it is indeed difficult to find honest people now

I really agree with that. Actually, it is only to ensure that the participants do not cheat and are very fair in distribution. the problem of where to bet when someone doesn't get a part because they can't do KYC usually stakes will be accumulated again

  ;D The fact is that I clearly relate to projects with KYC. The point is not that I am afraid to show who I am. The fact is that I do not want to send my data to the scammers.

Yeah, I found some bounties like this, they annouce regarding KYV requirement after the bounty has ended not on the beginning of campaign. I know that the bounty team just make bounty hunter hard to deal with it. Of course that coin/token from bounty participate didn't distribute and it will be send to their address, then they just need to stealth document.

I'm also feel sick on the rules that there will be no KYC at the beginning of the campaign. That makes me feel worried if my data will be used for doing something bad.

       KYC cannot help the project to be successful but rather than it can make doubt to the investor since this will make a quarrel  between ICO team and bounty hunters in the telegram during distribution of tokens .

The good projects provide KYC  from the start of their projects they must announce it, KYC is much secured and to avoid double accounts who wants to take advantage for this forum so i think if there is kyc this is good and not a scam...

kyc will reduce who participant using multi account on campaign, but its look bad if the project not running succes

I see that this situation causes dissatisfaction with many users of cryptocurrency. Galante hunters should not provide personal data because they are not investors. It seems to me that all these personal data can be sold by the attacker.

yes, to reduce fraudulent people, they will use cyc to distribute their coins, and to make things easier, so if there are bounty hunters who don't do their kyc they will lose their coins, and that reduces the amount of coins issued by that project, maybe it just project sense to reduce their coin spending

There's a lots of project which gain success even without KYC, this rules are been added due to a lots of multi accounts participants, they just wanted to protect the project to those abusive people around, but I also agree that it should be informed at the beginning so people who doesn't like to show their
real identity won't bothered to join the campaign and move on to another project where it's not asking for this identification procedures, bounty managers should make a clear stand about this.

Let's not lie to ourselves. KYC - protects? Now to get data on the Internet is very simple. And who will stop it?  Now getting data is not a problem. The more you are supporters of KYC, the more data goes to the Internet.

KYC is not a scam rather it used to scam scandal.
The trusted team and manager won't let their name destroyed as long as possible because their name represent their personality. Those who scam others by using KYC must be put into prison.

This is now the battle cry of a bounty hunters that we need to pass the KYC process to get our bounty rewards with just few dollars. We don't know the effect on those data we send to them. What if they will sell it to other groups that deals in black market. It's a high risk but it's our choice to process KYC or let it go with our token.

Those stakes probably will be on hold or the manager has the rights to transfer it to anyone or just don't distribute it at all.

This is hard for all of you guys who are bounty hunters especially if they suddenly require each and everyone of you to comply for their KYC. I wouldn't put my identity at risk just for those tokens. I feel the regret of not having those stakes because you worked hard for that but the project management itself has the fault for having a crazy rule of can modify rules anytime they want.

There is an element of deception in this case because many can be promoting a said project primarily because there is no need for a KYC and then at the end there can be one required which can be a way to reduce the amount of coins or tokens that the project has to distribute to the bounty hunters. It happened in the past and there is a possibility this is happening today and even into the future. This is the reason why we have to deal with only reputable BM but even then everything really depends on the project team or the developers if they have the word of honor or just bluffing their way to get what they want.

Most of the mentioned projects in the OPs post apparently dont do enough research prior to opening their bounty campaign and then when the time comes for distributing the rewards, they poop their pants when they became familiar with potential regulatory violations. So its kinda understandable that at the end they try to enforce the KYC process and consequentially piss off a lot of token hungry bounty hunters.

I agree, polygamy projects do so , I also think should be warned in advance, a lot of people can not pass kyc and probably will be the best to tell people this

Not necessarily, bounty hunters can buy other people's KYC information. And this is certainly not a good way to limit users to multiple accounts, in this case I'm sure that bounty is a scam

We all know that some of those projects that needs KYC are gonna be scam but also some are not. Nothing changes the only thing about that is the addition of KYC.

Of course it is terrible for a company to suddenly change the rules of a bounty campaign.
In the real world, bounty hunters are like freelancers.
Imagine if a company hired you to do some marketing for a month, there typically would be a contract.
And then, when it came time to pay you after you did your work, they suddenly tried to change the deal in the contract.
You could straight up sue them.

But in the crypto world, there are no contracts and companies willingly "hire" bounty hunters that may or may not be scammers themselves.
Well, in the end, if you don't get paid that is terrible.
And if they suddenly jump kyc on you, then walk away.
Yes, you won't get paid, but it is definitely not worth it in any way.

I personally don't see the need of a KYC especially in bounty campaigns I view as a ploy that bounty managers use to cheat bounty hunters of their required tokens because even after successful completion of the KYC it still gets denied and all the work done by the bounty hunter in that particular bounty is all gone and the bounty manager takes over the denied person's tokens.

Yes, some projects team members in the first telling not need Kyc but after they telling Kyc is required. Unfortunately, this situation further reduces my confidence in these projects. And if I've joined the bounty campaigns of these projects, I'm going to stop making these campaigns. And i do not joining this project's tokensale. But if I really trust a project, then I do Kyc. Because some projects really good which want Kyc. So i cannot say that every project that wants every Kyc is scam.

Yes, need rules for this. Many of managers/project admin say after the end of Bounty for KYC.
It is just very bad for bounty hunters. Bounty hunters work very hard and if at the last they did not get token it is very bad things.

I would just avoid any project that requires KYC, there is just too much risk involved.  Your personal information can be sold to criminals and you may become a victim of identity fraud.  I only give my personal information to a few crypto exchanges that I actually trust but there is even a risk involved with that.  Another tactic you have to watch out is when crypto services let you deposit funds without a KYC but once you try to withdraw they do a background check.

I never understood. For projects, they need bounty hunters to help promote and publicize. Why do people who help them promote and promote projects need KYC? If I take part in ICO, I can totally accept KYC. But bounty hunters need KYC, which is really strange. I will not participate in any project that requires KYC.

I think I agree with your opinion, introducing KYC during the distribution period is not too good , many managers have used this period to deprive bounty hunters their hard earned tokens, it's very unfortunate and i really want them not to continue that unfortunate habit. Thanks

I have already said this today, if the ICO introduces KYC at the very end and they have no good reasons for this, then it is at least done to not pay for bounty hunters.

For ICO they can apply KYC but for bounty hunters i think there's no need to do that because bounty hunters not buying there tokens/coins only the ICO participants.

The procedure, which today is called KYC, is a big sell-off, because today it looks more like the usual luring of documents that people are willing to sell just like that, because people today are trying to make money by any means. It seems to me that the documents are clearly not safe.

with the difficulty of the Kyc verification process as I have experienced and also the other bounty hunters who feel the same with me, fix that Kyc is a scam. if indeed the goal is to find out personal identity, the process of downloading the data should be easy and not difficult.

I think KYC is required to verify the user's identity in order to ensure that the user is not a bot or Artificial Intelligent being. Also, KYC will provide fairness to the bounty campaign in order to limit the account of each participant, allowing only one account to participate.

Well , as we can see there are a lot of scam attempt not from developer site but also on bounty hunter side as they want distribute their coin accurately so it's reasonable if they require KYC as their distribution process.
So if you already believe on the project, giving KYC isn't big deal except if the project have the high risk of scam so I'm usually follow local project rather foreign project !

But you cannot deny the fact that there are rules like they can change their decision anytime so we can't break that rule. It is better that before you join any bounty, assume that they have KYC  so you will not face any problem.

Yeah, Actually the purpose of KYC itself is very good I think. But sometimes, it is used by many people to get the private data of the person. Just be very careful in giving any personal information about us.

I think this is more just poor planning than a scam, or at least poor awareness of changing legislative enviroment - but either way it raises concerns about the professionalism of the team and long-term viability of the project.
There are definitely some outright scams out there though which are trying to get personal information for illicit purposes - so it's always good to be sceptical and cautious.

KYC is not good in crypto world,, and same with you i don't agree with that
why ? because as i know the main principle of crypto is about privacy,, and with the existence of KYC there is no privacy anymore
just my opinion

Truly speaking I really believe some projects have started scamming people with KYC, the reason is that KYC some how makes projects looks genuine even when they are not, giving scammers the space to scam investors.

I think you are right, KYC procedure should be announced as early as the bounty starts so that bounty hunters are aware about it. Not all bounty hunters are willing to go through KYC procedure. I know that KYC is sometimes done to abide to some law or regulations, however, it should be announced early.

Yes, the bounty managers should be able to inform the bounty hunters about the KYC process if any before the distribution period so as not to deprive them of their payment, however i don't totally support the idea of KYC in a decentralized world of crypto.

I also believe that the passage of this procedure should be warned in advance, not at the end of the company, it worries me.

They may, not must - and they tell about it in the bounty thread. Also they tells that they can change any point of bounty program. That's why rewards are being decreased sometimes and participants receives just a little after months of supporting the project.
This is blackguardly, I agree. I know that we should do something about it, but I don't know what ;D

Kyc is actually an application to be done but many projects have exaggerated this kyc business. from bank account numbers to house bills. I find them unnecessary.

I think it is a good idea that they should tell us if there will be a kyc required not before or while the distribution of tokens because we cannot say if they are trying to trick us just to use our information or something else, so before the project start they should announce it already for us to believe.

you shouldnt send all your ınformatıons to everybody or every ıco or every aırdrop, lots of them just collectıng your ınformatıons and sellıng that ınfos, they dont have any project, theır only project ıs to steal your ınformatıons and sell them to marketıng campangs

In my first steps in crypto, I often made such a mistake and sent my doc to participate in the airdrop. Now  I've become an expert and i understood what you are talking about. Your data must be protected

Kyc is good and sometimes it is needed on a project. But it is different that when a bounty campaign requires after the campaign to submit KYC. It should be posted on the first place before the bounty starts. And if that really happens, then nothings can be done. Next time be more attentive on it, ask KYC if it is required in the first place before joining the bounty campaign.

I have always been very negative about KYC because I understand why KYC is taking place and why it is needed for investors, I think that many investors will soon begin to understand that for the full picture, we need to see the documents of the developers. It will be honest.

I also have some bad experience with a KYC verification: it was an ICO project with a KYC, but it had occurred a scam and my personal info was stolen.

Just a tactic to save some of their tokens on its own so if you are serious about bounty hunting then you should be ready to do KYC as well or just stop doing bounties and join only on the bitcoin payment signature campaigns where you no need to worry about the project getting succeed or not you will be paid weekly.

This is probably the worst experience you can learn by going through this procedure. I myself have often come across this when I was inexperienced and took part in everything. Never come the procedure of  KYC if you are not sure about the project.

I really think that ICO that wants to have their bounty should announce this as early as possible. This will give them no harm if they really intend to have KYC for their bounty before they intend to start one. Not all bounty hunters are able to have their KYC since some are minor, or have no files to pass the KYC that is why some avoid it.

i think its normal, they are is manager bounty, every rules you must to accept, if not you will lost you tokens, for invest i think now almost all ico need kyc to verification but not all in bounty

so many scam project took KYC , and this is dangerous
and i have idea changed KYC to Selfie photos with text paper for KYC

yes I agree with you, it sounds more like a fraud committed by the ICO project. Previously at the beginning they had determined the rules, where they had to explain the procedure for following their bounty project, they should have announced it in advance if they had to do KYC when distribution, if it was not announced and arrived the last week they announced it meant they were cheating on the bounty hunter

hi,, i don't agree with you,,,
here my questions
how if the project become failed or scam ?
and the project already took KYC from their investors and supporters

Yes me too I don't also agree because not all project that requiring KYC was legit but some of them was scam and they also want to get your information for their personal intention to use in other project. And not all project that don't have KYC was scam because I joined in one project that don't have KYC but un now it is profitable so that KYC is not basis if it is scam or not.

I agree if a project needs a KYC, the team should announce it from the beginning. It will be fair and transparent to the bounty hunters. In my view, a sudden change for a KYC need in distribution process indicates a poor planning from a project team. It mustn't happen because it is very possible to be anticipated from the beginning.    

Usually they will give answer like, the regulation in the country requires KYC for token holders, so you need to submit your KYC.
But yes, they should give the information from the beginning of the campaign, so the hunters who want to remain anonymous will not lose their stake.

It is indeed less fair since the announcement of the KYC done spur of the moment ahead of the distribution. of course inevitably if you want to receive the payment must meet the demand of the KYC and this risk also behind them. KYC could be abused for another thing for people who are not responsible and of course, this will be very detrimental.

The main purpose of KYC is to prevent fraudulent hunter participation, but the authenticity of the project does not give us any guarantee, which is very unfair, isn't it?

I've seen this as well.. Not much you can do though

I believe that this is wrong and the procedure for checking should be carried out only by investors, since they buy coins. If kyc is planned for bounty hunters, then this should be discussed at the very beginning of the campaign, so that people can choose to participate in the campaign or not.

I think that there are now many bounties that need cyc before the coins are distributed, but I also doubt, can the ico maintain the confidentiality of our cards? , I think this needs to be questioned

Yes, at least they could mention that KYC may be needed for the bounty! Without a previous alert, after finishing the bounty they announce KYC needed for hunters! This is just an unprofessional procedure! Though I am not sure is it scam or normal.

I do not understand how many people have trouble KYC to invest, I have done it several times. And just following what they annotated will be able to complete KYC quickly

You're probably lucky, there's times when people got trapped to submit KYC required data to a scam website and that can be considered as a life threatening since the data that were stolen couldn't be retrieved and if even it can the data would still probably have been coppied somehow.

This statement is true. Many projects do not require KYC for bounties, but when they are finalized, teams behind the project request KYC. This happened with ETAINPOWER, with XChangerate among other projects. Changing the rules of the game during the game is frustrating, but without regulation everything is allowed in the ICOs.

from some of the projects I have participated in, I prefer those without KYC because I was never sure the project was scam or not therefore I prefer to leave the conditional KYC. but if a lot of positive comments often I send my KYC so I always look at how the project is progressing.

KYC is really something that is not very safe, because today the best thing to do is not to go through the KYC procedure at all because it has not become safe at all. Just expecting what's best called HODL right now.

I thought that all ICO investors who are investing into real ICOs need to pass KYC, also bounty hunters should to that. I am okay with that, they need to protect them from the government.

You are right! Some ICO projects would announce that KYC is not required and so investors and bounty participants hop in to join and invest in the project thinking that their identity is anonymous, later after the ICO period they change their minds that a KYC is required in order to withdraw your tokens. This issue, for me, is very disappointing especially when your very first reason why you participate is that there is no KYC. While some are legit, there are still those who would use our identity for their personal interest such as selling them on third party companies or even use it to do illegal activities.

I am saying that this is not a correct action, the company should report from the very beginning that it is necessary for the company to undergo KYC. But if at the end it is reported, the company is immediately inconvenient with the hunters.

You are right that if KYC is required, they should announce it at the beginning of the bounty. So people don't lose their time if they don't want to do KYC.

I guess bounty campaigns should announce it as early as bounty program starts, so that bounty participants will have an idea about it. Not all bounty hunters are able to undergo KYC because of lack of valid ID or documents.

Yes, I agree with that! It is necessary to warn about KYC at once. This is not a good deed on the part of the project team. But on the other hand I do not see any problem. If I need to verify my identity, I'll do it!

I also think that companies need to warn them in advance that it will be necessary to do KYC. Unfortunately, there are many companies that do not warn about this. And those steaks of those who had to go through this procedure, but did not pass are often simply distributed in equal shares between the participants.

I don't consider KYC as a scam.
It is measure to prevent scam(if founders pass KYC) and to prevent money laundering ( if ICO participants pass KYC).

KYC depends on the country of the team who register their ICO because there are some countries that requires the KYC procedure for them to be able to legalized the ICO but ofcourse anyone can do it and in the end the team turn their back on you and used the ID's that the participants provide.

Actually KYC is only needed for investors. When a project fails, the developer of the platform can return investor money. And when they return it right on target. Whereas for bounty hunters only to avoid multiple accounts.

I think it’s time for us to understand that the time for anonymity has passed. We must be ready at any time to provide our ID. Or not to take part in the bounty campaign at all.

As a rule, such a procedure is attempted to reduce payments related to bounty companies!

I agree some bounties doesn't tell their participants that they are recquired to submit their personal information,
It is really hard to do a KYC because the main thing about Bitcoin is anonymity and I think it contradicts it.
And of course we don't really know what would they do with our info they could sell it out ,
Just imagine a scam campaign that recquired a KYC that means they would only sell the personal information plus the total investment it would be a huge amount of money.

I am upset by such projects. If I go through KYC, then at listing I immediately sell the coin. And no longer buy this coin.

Lot of scam project now that one can't keep its money with , if a project conduct bounty and in the start didn't ask of say what ever needed for the project , like kyc and reduction in reward then such project need to be sold fast and move away from cause they are in for quick money and have nothing to show or add to blockchain technology , it is bad not to ask for kyc at start and later asked which means they are looking for way to not pay some and I don't even like any kyc bounty .

Kyc for bounty hunters is not a fraud only if it is announced in advance. If after the campaign, it is fraud and extortion.

yep they must announce requiring KYC for bounty hunters in the first place it's like they cheated us, some of us are not doing that just like me, I don't really join bounty campaigns that required KYC, what if they use our personal information to scamming people so no no KYC for me.

I don't understand why many people are so afraid of KYC. Kyc is designed to protect against the scam, which has recently become very much. Why are so many people afraid of that?

They can use them as a scam and one thing that people do not seem to realize is that they can actually sell the details that you have submitted on the dark web. once your information gets into the hands of hackers they can actually use it to ruin your credit and take off with your money. It is better to avoid kyc on projects that you cannot trust

Apparently, the reason some projects don't report passing KYC is that the project will attract fewer participants behind their heads as not everyone likes going through KYC or the project team then uses the data for their needs.

Quite rarely you can see the bounty companies that do not say immediately whether you need to pass the KYC or not. Basically it is indicated immediately, and even if it is not specified, then it is written in the conditions that it is so far that this information is not approved.

it really is a scam because your data afterwards are freely available

I also noticed such things when the bounty manager or the project management force the bounty hunters to pass verification only at the very end, when the bounty is already over. I consider such situations to be a direct indication of the fact that the project team it's a scamers.

I don't know what kind of strategy requiring KYC from the bounty hunters
Project announcing there's no KYC  Requirements for  the bounty particicpant but and the end they will be asking to join kyc to got the token stakes this clearly a scamm

It is written mostly in the thread that the manager and the team has the right of changing the rules.
If the team required the participants in doing KYC while investor has dont it, then there is no problem in doing it.
Why would invester do it and then the bounty can't? The team doesn't want to be in danger and dont want any person in restricted country get the coins.

That's the bad thing in bounty programs, they have the right to change the rules anytime. Maybe, just look for projects which do not require KYC or anything sort of that. Or better yet, look for known campaign managers that are really doing their jobs.

I do not see anything wrong with this check, as I am sure that it is necessary for as few fraudsters as possible to participate in projects

ElenaN is right, KYC is a method to cheat bounty hunters in large scale. Even if it's announced before the campaign all KYC documents can be lost if it's a scam. It's always dangerous to submit personal data and I recommend to boycott every bounty which requires KYC.

During this time when I was looking for an ICO project, there were indeed many projects that had used KYC. This KYC is used for bounty hunters to take their gifts. But that was a problem because it was announced when the project was finished. So that the bounty hunters have not prepared their personal data. But I see now projects that use KYC, they have been announced from the start. So you have to be more selective.

So many unfortunate bounty hunters or are skeptical about leaking their private information online have actually lost a lot of bounty tokens due to this presumed scams. The rules shouldn't be changed in the middle of the game.

They did not get their stakes. That is the solution of alt account in bounty campaigns. Because I think they implemented for other reason because they want to preven that alt account to join in one bounty campaigns because once they submitted their ID it will not resubmitted  that again.

The bounty managers can go away with the tokens for all I care. I do have the feelings that 90% of such bounties are scams. A legit bounty will keep to the rules from the start.

I favor you that it is a fraud. You have to ask all of the projects from the beginning as in this way they may not tell you a lie and at the end they will not change their words and if they will do then it will be easy for you to start a scam accusation.

Agree, I think KYC will become a new tool for scammers. KYC is meaningless except for the airdrop mission, so some KYC ICO projects I will not participate, this is a low-level marketing tool. Excellent projects do not need such technical support at all.

I don't like to participate in projects that require KYC, because the project didn't reward me after I provided privacy! I think this kind of activity is very unfair!

I do not think that KYC is a scam. KYC is a great feature to detect scammers, but your should be very picky with the project where you pass the KYC, because if it is going to tern scam, you will lose your data.

personally, I don't like to join those campaign that asked for KYC. I just avoid those project and if any project asked me about KYC I just skip those project. I think you did any bounty that asked KYC after the end of the bounty. so why you are posting ''KYC as a scam''. KYC is not a scam, KYC=Know your customer/know your client. For more details about the KYC you can check : https://en.wikipedia.org/wiki/Know_your_customer

This happens quite often, so sometimes you have to participate in this procedure if you want to pick up your reward!

Simply, KYC is scam if you think it is always used in scam purposes.
Know your costumer is a step to know more about them in order to exclude the scammers as long as possible. KYC purpose depends on what the motives of the team by implementing such process.

Your right but for bounty hunter i think kyc is not needed..only for ico investors.

KYC is good we know it. but I am afraid to provide my document some unknown people. who knows how they use my document? they also can sell my Documents for some quick money. So why I don't like to do KYC at all.

I do not like the fact that they oblige us to go through the KYC at the end of the bounty campaign. Such a procedure must be reported when the company starts.

What do you mean by project protection? Protecting projects? This is all fiction as it is not so difficult now to go through this procedure. I do not know who aspires to this procedure possible government. To know that we own a cryptocurrency. There are bounty managers who constantly use this procedure, you just need to know them so as not to consider them fraudsters.

That's it. When you pass the KYC you give your confidential data that you do not know how will be used. No one will give you a guarantee that all the information you send will remain confidential.

Although KYC is required some projects due to legal problem. but lot of people should not have interested in that projects. because they thought their  personal data can be misused by the scampers.

This have become the other of the day in the crypt world. Take a look at Masternet Bounty program that did not include KYC among the rules and regulations, but now they have added it as a requirements to pay hunters for their rewards. These guys are just cheat as they might possible fail a lot of hunter because they do not want to pay us. It disgusting for real and this are part of the reasons a lot of us see KYC as Scam to deny hunters their rewards.

Yes.. this is a tactic used by project developers to reduce the amount of tokens to be distributed... my experience in crypto has taught me to never trust developers of ico's

KYC as a procedure is a good way to protect a project. It's a good tool in right hands.
But sometimes it is a scammer's hand. No one wants his personal data to be made publicly available.
If I see an announcement about  KYC I will leave the project. My personal data is more important than some money.

Not really a scam, but sometimes it is really protecting your funds. Like airtoken, centra, paragon. SEC can see who been the real contributors and they contact you back, to help you to refund your investment.
However, those scams ICO's who collect your data may use it not in a very legal field, which is a shame to the industry.

It still depend on the rules of the team, because as far as i know a lot of cheaters on a bounty campaign so I think KYC is one way to block those cheaters and greedy to earn money. KYC can be use against us, so make sure that you will just participate on a good project, its the risk on this cryptomarket if you can’t handle it don’t take it.

I have participated in such bounty campaigns. What I have learnt is that it isn't their fault. Sometimes, they face legal issues and are forced to do kyc even for the bounty hunter. I will not say it is a planned scam.
By the way, if you are ready to do bounties, why don't you get yourself ready for kyc, which is an easy thing to do.

Maybe they can use it as a tool to scam bounty hunters. But, if you can read their post in bitcointalk that they have the right to change the rules within the period, it is just in the period not included when the bounty is finished so you have the right to protest.

Yes, maybe they just following up the legal issues that's why there's a sudden rule change in the bounty. But the worse part there is that, bounty hunters are not going to get their tokens/coins if they not comply.

Bounty manager who do that had the risk of not getting trusted by bounty hunters, this is one of the risk of bounty hunters, they have stated in their rules and guidelines that they can change their rules anytime even without prior notice, so you have a choice to proceed or not.

This indeed becomes an obstacle for many bounty hunters on this. but many have already applied the rules of notification this KYC in the beginning and it will be better to notice. Indeed if KYC already scams then this is a bad thing because the identity is compromised if misused.

We are actually pretty good at being able to detect fraud in the bounty. as we know that nowadays there are many who cheat in following the bounty campaign and this is detrimental to other participants

Here on the forum is useless to discuss these issues.While there is no state regulation of ICO, all of us, and investors and bounty hunters will be powerless.

Though, it’s something that is very bad base on my understanding. Projects with KYC are expected to announce or include it on their thread  that their would be kyc for bounty hunters before starting the campaign so no one would have any excuse and everything would go smoothly. There should be a kind of rules on this platform guiding bounty managers too.

Some KYC is really scam.
You can detect it by uploading wrong documetns, scam kyc's accepts wrong documents

I haven't tried it but that seem to be like a collecting agency rather than a kyc requirement.

Be careful with what you are joining so your documents are very well safe and don't be too gullible with their promises as you fulfill that requirement.

Yeah this is just a good suggestion. If a bounty requiring kyc upon transferring the tokens or coins, this project should be announcing at early stage of the bounty to avoid misunderatanding and it seems that they are fraud. Why should be there a kyc in a bounty campaign? Bounty campaign years ago doesn't require this.

Scam? As far as I remember, KYC is "know your customer" ... so I don't think that is a equal as a scam. If you look KYC as a scam, play with it and send a fake KYC if you can. It's not advisable, but be smart if you have a guts. Just my own point of view as a human being, please no offense.

That was the thing that was really worried by the bounty participants, because after all that identity was personal I only agreed if Kyc was used for investors not bounty participants.

KYC verification is generally illegal for bounty hunters. We are not investors and should not pass such a test. Moreover, if the ICO teams try to deceive bounty hunters and announce such a check after the end of the ICO, when it is already meaningless and logically can only be carried out in order not to pay the tokens earned by us. We need to put an end to this disgrace and permissiveness of the ICO teams, this wild period in the history of the ICO, and go to government regulation with clear rights and obligations of the parties.

They really played bad. I think you should have an thread listing such projects to help the community avoid investing in them.

By itself, the KYC procedure is very useful, it does not bear any threat, unless of course it is carried out by a fraudulent organization. Reporting at the end of the bounty to the company about the need to pass KYC is a sign of questionable manipulation.

KYC can effectively protect the project from fraudsters, but KYC still can't protect the interests of hunters! So I think KYC is not perfect, it is not fair to hunters!

kyc is really very vulnerable, sometimes there are scams and not. actually the bounty hunter does not require it because it is not an investor but includes workers. therefore we must learn the bounty / ico / airdrop that pays and don't just upload our documents

The Bounty project that uses KYC does have a negative and positive impact. In my opinion, KYC is very useful for the progress of the Bounty project. Those who cannot pass the KYC process will definitely not get rewarded. But you also have to be careful because not all projects that use KYC can succeed.

Many projects do things that do not provide information from the outset that they will do KYC, but when they distribute it they ask for it, even though many also disagree with KYC, because they feel that their identities must be known to others without being able to be accountable later. . I usually least like it when there is KYC and always try to avoid it.

That is indeed a pain when a project changed their rules in the last second before they distribute the bounty reward.
I'm also feeling cheated if i met that kind of project.

Yes I share your opinion, you should pay close attention and fight fraud

in bounty campaign as you say, need KYC for after they want distributed the token, i think many project are announcement the rules when bounty hunter want to participate in the campaign, that's why this is fair for bounty hunter share their identity for checking to avoid cheating in the campaign

Really?? Am no so sure about that cause i see kyc as a means of knowing your costumer and makes it more legal for costumers or participants to get what they deserve in the appropriate way or manner kyc is no scam for me thanks

KYC mean Know Your  Customer. They try to know about customer. But there have many they try to collect customer informatio.  And try to use this information various sector. So  be careful all. 

That's the point. I don't want that My data would be used by some unknown people or some criminal.so why I don't like to do any kind of KYC. I have seen some people do KYC only for airdrop coin!! Really? It's not good at all. Your Document can be used for criminal works and you would be responsible for this.so be serious and think about it where to submit your personal data and where not.

To me, i was left in a confused as to what problems this kyc of a thing is set at solving then it dawn on me that it is actually required. I could remember mosy projects that sounded good from the beginning until it became clear they actually set at scamming people of their hard earned money. I think since the kyc is out up as a factor, it should be able to confer a security to a level issues like this would be near solved even if not totally.

For company to know there customer is not a bad Idea, as  a token holder, either through bounty or  you invest with you money, we are all customer, so KYC is not a bad idea, it also help to reduce the number of scammers involve in bounty as there are several individual with multiple account.

But because nowadays there are many people who cheat and require Kyc to worry about the data from these participants being misused and this is certainly very detrimental to investors

Kyc of course when announced at the end of the program then of course it is unpleasant , many people can not pass , I think that if at the beginning announcing that it diminishes a lot of trouble! and advertising becomes more effective

Did you really experience a case like the one you told? KNOW YOUR CUSTOMER (KYC) with the aim of knowing one's identity, and monitoring transaction activities. Actually this has a good goal, as long as it's not wrong to use it. Regarding regulations that change in a project, specifically that is indeed the manager's full right. And that's one of the risks for participating participants. Sometimes it looks unfair, but we can't do anything. It was sad and disappointed.

The cryptocurrency market is very young and I do not want to leave my personal data on suspicious sites. No one has yet had time to recommend themselves, to become really hopeful. Therefore, I can not say that KYC is a necessary today.
P.S. Your data may not be in the right hands.

Well you are right, i know there are projects doing this even now

I understand you are upset but that's not the definition of scam...

every bounty manager has to tell at the start of the campaing do bounty hunters need to make KYC or not. and who wants - continues to work.

they are not being honest but I wouldn't say a scam...

Kyc have been abused by some selfish devs and bounty managers to cut off bounty hunters in order not to get their rewards after working hard to promote the project. It's very bad and I hope devs and bounty managers should be transparent with their dealings

There is this rule in their bounty that owner and manager have the right to change rule anytime they wanted and you agree with it.  In a project owner perspective, requiring KYC not only supply them an information about people and a list of leads if they have other activities that need audience and more, it removes the chance of these bounty cheaters of successfully exploiting the bounty program.

In short in participating in this kind of bounty where there is this kind of rule, you have no way to argue with their implementation.  Better avoid this kind of bounties if you do not want to abide by what you have agreed with.

It's better to be careful with KYC procedures, indeed many projects now use KYC. And some of your projects that use KYC will be announced at the end of the campaign when they will receive compensation. If you do research and KYC is very good to do. Of course, you have to do it so you can get rewarded.

KYC issue has been going on and on for the past few months.
KYC is indeed unnecessary for tiny rewards that they give

I participate in the bounty company of a pretty good group of managers and they always inform about whether it will be necessary to pass the KYC or not, or this issue is still under consideration.

I am of the opinion that kyc which is an anti money laundering act requirement should only be applicable to ico participants in specific countries. Bounty hunters and Airdroppers should not be subjected to kyc cos they are not buying from the platform with fiat or btc

So, many scam campaigns use KYC for fishing, you know. Nobody can't evade this actions, if they would not be careful. Just try to know more about your campaigns.

Yes, indeed you are right, if the project intends to be seriously tuned, then yes it can introduce such a procedure, but understand that in any company's bounty it is written that the project can change conditions at any time, so that we are powerless

KYC not a scam,but a way of identification also avoid multiple accounts most from bounty hunters.

If KYC is related to the bounty hunter, I think that's just to reduce scammers or multiple accounts. So, if we want to get a reward, we must follow the rules well. Whether it's done at the beginning of the bounty or before distribution, we have to do it if we want to get a reward.

Yes, in those projects in which I participated there were such moments. Admins thus want to weed out the bountists, so as not to pay, as many simply will not notice or will miss this news!

There is a reason for them to mandatory kyc they don't want multi accounts. Some ICO's are abusing it I get it you can want kyc for a signature campaign but for a social media campaign i don't get it. It is kinda more than necessary

i doubt taht it is ascam as ther zre a lot of good things that it brings to is and we must he happy to have such a wonderfil system

Yes, multi-accounts can be reduced by using Kyc. They try to eliminate participants who cheat because even though it has been written the rules cannot be multiple accounts but many violate them.

I have seen genuine projects asked for kyc and i was not reluctant to get it done, because i trusted them and i know the right motive behind it. He same is the project whose signature i am wearing. The kyc has already been announced from the onset.

You have to be highly cautious before giving away your identity and passport to any so called ICOs as it may be a serious threat to you, your identity and your country. There are several cases of faked identities and identities sold over deepweb. Be sure your risk is worth when investing in a KYC compulsion token.

yes , I agree with you that they should announce it since the bounty hunters join because there are some people they will not go back to reread the rules of that bounty

This is not always a scam, but we cannot be sure that our ID will not be sold.

I can not say that if the developers ask KYC-the project necessarily scam.But in any case, I do not understand why bounty hunters have to do KYC. And I am sure that this procedure should be discussed at the beginning.The shares of those who refused to undergo the procedure are taken by the developers (although I heard there were cases when the shares were divided into all participants).

It should be like that, if the ICO project that requires the right KYC is announced from the start. not in the middle or end of the campaign, there is only notification about KYC. this is where someone who participates in the ICO project must be vigilant and cautious about fraud. here we have to really research the project, and make sure this is a real and good project.

Well 90% of the ICO will state it from the start of the campaign even at bounty campaigns. I don't think that the ICO is a scam if they want to conduct a Knowing Your Customer policy at the middle or end of the campaign, maybe they just noticed something wrong about the investors or so, but i believe it is not.

That's the bad side effect actually, some of the ico campaign became unfair to their bounty participants.
In the first place they've became not transparent to their rules especially to their community as well.
Regarding about the bounty hunters fail to submit KYC their stakes will goes to the Bounty manager of course.
although, I don't know how He going to do it but I am sure He has a capability to do it.

The KYC procedure is introduced so that bots are not participating in the campaign and there are no multi accounts. this is correct, but I think that the procedure should be assigned at the beginning of the campaign

That's how they explained about this with campaigners and bounty hunters, but if this procedure already been announced before the campaign, it can
be understandable but some teams only change this requirements when the campaign is already in the middle somewhen the distributions is already
coming,  clear rules gives different perceptions.

A project that needs a KYC must be notified beforehand, but a lot of things happen in the process of developing a cryptocurrency project, so they ask for a copy of KYC in the middle of the road, it's also legitimate because they want their project in line. with their expectations so that KYC is needed so in my opinion, it's not a Scam.

there are many projects that started without KYC need and now requires KYC:.this is not fair and I really hate doing KYC not using third apps like CIVI or ONFIDO..

if they collect KYC at the end of the campaign it means they are afraid that hunters will sell tokens on a large scale to reduce the participants who get their tokens, they tell us to do KYC. But of course we will not agree with such a project.

If the bounty branch does not contain information about the need to undergo the KYC procedure, then you must know about it in the chat. I also had that this was reported at the end of the bounty company and I was unable to pass this procedure. These teams are clearly engaged in fraud.

i don't have any concerns about KYC. so at least if the business reaches high amounts.
for a few usd, nobody will like to go through a KYC process.
but like everywhere else, there are black sheep at the KYC suppliers.

I've learned this the hard way,in the past I joined bounty that doesn't request for KYC and I even Contact the team on telegram channel to be sure so after the bounty ends and waiting patiently for my stakes reward KYC was announced ,shit happens in crypto space and now I don't bother to risk my time ,I have always choose carefully now

I already experience this kind of thing, like in the beginning they wont ask for KYC but at the end of campaign they will require it eventually. Its  a shock for us to imply with an limited time. Out effort became to waste because of KYC

if you are asked to give KYC when you become an airdrop participant or become a participant in a bounty campaign then you should not do that because your identity has a bad threat and your identity can be used for an identity trade crime.

How many scam airdrops that asked KYC from the participants, these scammers will sell all of your data to the internet and that's it. I remember there was a scam ico that has been doing it too. I can't remember the name of that scam ico correctly.

We all understand the purpose why do we need to submit a KYC for them to know who were their participants. But all of us still hesitates before we submit our ID because we might get scam and use our identities to scam more people.

yeh i agree with u, alot of airdrop project just want to collect our id, and also some of not fiat market exchange ask for kyc to claim the airdrop

KYC itself is good but will they use it rightfully is what bothers me,our identity is not safe from hackers,darkweb etc ,I won't take the risk of dropping my I.d ,passport info and home address to get money that actually doesn't worth a lot ,even airdrops this days demand KYC ,it's just so unfair and unreasonable

Like the quote that I've heard of before "if you are using a service for free, you are their product".

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These airdrops and KYC requirement aren't just one single way for the developers, they can use our identities in something that they can in which only them are  aware of.

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It's simple, if you don't trust them don't send KYC.

Sometimes investors are forced to pay the KYC procedure. If the team decide to change rules for getting accepted by big companies then it will be essential to pass this procedure. I don't want to lose my deposit because of the small probability of getting scammed. Worst case is they will sell my identity documents on dark web.

there have been such things often, when the bounty is over and the team decides to oblige each participant in the bounty. I think it's the team's move to hold the token value when the participants are doing the kyc which is sometimes very difficult.

Changes to regulations are their right as organizers. As a bounty hunter, we can only surrender to the rules and changes that suddenly occur like that. If you agree, then do it, if not then leave it, simple, right? Concerns about misusing our data for kyc must be there, so it would be better if the developer provides a strong guarantee of our data security.

That's the worst thing when you participated in a bounty campaign. They can change their rules anytime. If they require KYC, and you don't like it, you can't just simply leave it. It's not that easy. You will be forced to send your personal information if you want to receive your rewards. You work for it how many months, you think it's easy to ignore that kyc and just forget your tokens? People are afraid to send their personal info coz they might become a victim of identity theft.

But thats reality they can change anything for everything that they think will make good for the project,most of the ICO don’t know about the cheaters on crypto advertising specially in bounty section in which cheaters are dominating the whole area,but suddenly the investors sometimes becomes affected by this changing of rules as management always have the rights,so if you are not hiding anything bad so why feel this way?and besides they will pay you just send them kyc is that really a big deal?

Then those legalities should be done from the start, first they say no kyc, so hunters join and promote their project and later they play a foul game.

You are right dear in my opinion no KYC need for bounty hunters as it is totally unfair, bounty hunters are not the investors they only do hard work to get some rewards in term of bounty or token/coin. The project must firstly describe about KYC procedure for investors not and bounty hunters.

If they don't require it or post it in the beginning of the campaign and ask it at the end of the campaign to receive the stake it's really shady and in my opinion it's 100% scam. This is an old topic but there's a lot of people are getting victim by this KYC we should all know that KYC is only for customer of the project to know the credibility of the investor and to know if he/she is not going to launder his/her money to that project.

This topic is about KYC and bounty campaign that is asking for it you can find the advantages and disadvantages of KYC and when or where it is needed: https://bitcointalk.org/index.php?topic=5028239.msg45641169#msg45641169

How could they scam people out of their Identities? I am just confused how come can they? Is there a worth in selling peoples Identity? If so, how much? In that case we should stop doing KYC in anysense right?

It could be, they use your identity to follow giveaway, other airdrop projects. Or use a certain financial website with intentions of crime, and he put your identity there.

I, too, am always indignant about the fact that the KYC is announced at the end of the bounty company, a person should know about such an event at the beginning, then everything will be fair, and so we just understand that the project gets rid of unnecessary.

This is really very worrying because when hunters struggle to the campaign so the project has many investors. But when the project was finished they were told to go through KYC. Maybe there is nothing wrong with KYC, but when it was said at the beginning it did not use KYC. And for those who don't pass KYC, I think the tokens are still in their possession.

All we need to remember that all projects need KYC, it's just time different.

I prefer to delay KYC. if the bounty token I have received has appeared on the dashboard. and the token has a market or exchange and is valuable. then there is no problem doing KYC. if the token is already on the dashboard then just calm down we can do KYC at any time. I will not do KCY on ICO scam. on my experience doing KCY with original data is always easy and never denied.

The KYC pattern must be changed and carried out at the beginning of the campaign. So that we bounty hunters who will join the campaign must pass KYC. If they can't get past I think they can't join the campaign. And there won't be many bounty hunters who are disappointed with the gift manager's decision.

KYC is indeed very risky and sometimes used by people who are not responsible. KYC has good goals and therefore many Bounty projects use KYC. But I am also sometimes disappointed if it is announced suddenly at the end of the ICO. But if it really has to be done, I don't think it's a problem.

They might be forced but they have a choice not to go through it.

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Those scenarios you have mentioned are plausible and it's the reality calling everyone. Dark web isn't the very place they can sell your identities but they can also sell it in some other projects or marketing agencies.

I think you really do have a point because the project should announce that they needed to submit a KYC before the beginning of distribution time not during, that is why more people are afraid to submit KYC because they think they will use their identities to trick other people.

Hmm🤔 it’s not really all of them that are scammers, some of them have reasons as to why they request for KYC before their payouts, legal issues or so. But there are others that are scammers and after the KYC they will sell the information of the investors on the dark web for money. So that’s why you also need to he careful on the kind of info you give out.

I have never sent a single document to any ICO/ ITO.
I will never do it. My privacy is fundamental, even my personal documentation.

What if... a coin is really interesting?Just buy after an ICO in exchange / OTC market.

The fair thing to do would be to redistribute to other bounty hunters because the number of accepted participants will fall.

This is very disheartening when team breach terms and condition set on ground for a campaign just to pay below what they promise at the beginning of a campaign a team like that might not succeed with the project because they can keep to what they say and they can abandon the project at any time.

It is well Understand that as part of the rules is; They can change the rules at any time. Also I think some also make KYC to be compulsory for all hunters because they try to protect their tokens from entering into the hands of those who does not merits it or those who get involved with multiple accounts.

Well you’re right, but that still won’t change the fact some of them are scammers who just wants to steal your information and after the campaign you still might not get paid and you just got scammed in every way. So be careful with every ICO and make sure you’re not giving out what you will regret later.

These are some of the cunning ways of some bounty managers who are in the habit of shortchanging bounty hunters by  introducing KYC at the end of a campaign I think this is is a very bad idea I am very sure the unclaimed stakes will be diverted into their wallet while denying hunters of their efforts.

I agree with you. If the project announces from KYC at the end of the program, it is always very alarming to me. Only as a last resort I pass this procedure in such a project.

Recently, very often there are moments when at the end of the bounty project managers change the rules and require KYC. Such changes leave a negative impression about the project, perhaps in this way managers seek to reduce the payment of remuneration or for other reasons, but this is not fair.

I honestly don't mind too much but it would be better if they said it from the start so that bounty hunters could be better prepared because sometimes not every bounty hunter always monitors the updates provided by the development team so sometimes some are late knowing that they have to verify KYC and finally they don't get a token reward

In my point of view, some bounty project may ask bounty hunters to provide KYC document when they realize that bounty hunters are getting about 10% of the total coin distribution. some may be due to legal reasons associated to the type of project the bounty campaign is about. Bounty hunters usually have some effect of the market of the crypto coin and this may require the team to ask bounty hunters for KYC.

I go through the KYC procedure only with proven bounty managers. If I have any doubts about the project, and then this project also announces the KYC procedure at the end, then I usually give up such a project.

It sometimes ridiculous how the rules Change during these periods but I always say there is nothing to fear if you are on the right path. So always lets try to be  genuine in our ways and also put in mind or expect anything in this world of ours.

Giving up in a specific project was totally a dumb idea when we found that it's not going to be successful. All the efforts wasted time and dedications has been worthless after all. How much more if you're an investor same as bounty hunter did for such a long time, and yet not paid for all hardwork done. The worst thing was submitting kyc without any assurance, that's why we should always be careful and make sure those managers handling have higher reputations.

I agree that is correct, bounty hunters will be caught by surprise and if the guy is not into KYC he will be forced to do it, or else lose his stakes that he works for several months to earn, this is one of the bad sides of bounty hunting, you sometimes become a hostage.

that's right, this way we become hostages because if we want to get results from our work we have to verify, but I won't do it because identity is more important so don't be too affected by the reward that will be given.

I came across a particular project, called Geeba, after conducting bounty with a particular platform and bounty tokens had been paid to bounty hunters, the team decided to fork the token and compelled bounty hunters to do kyc, which was not part of the agreement. Honestly, this looks like a scam to me.

indeed there are some projects that require kyc after the project ends, as a bounty hunter we must obey the rules, but it is indeed better if the project requires kyc better to announce it from the beginning, because not all bounty hunters want to fill it, this is very detrimental to us as bounty hunter

Better to be fair between the hunters and the project maybe you are right. Before they create bounty campaign they need to list all the requirements like KYC if they really want but if they implement it during the distribution for me it is not right so means it's wrong move because what about those hunters who did not want to submit their ID or Identity because maybe they are scared better to be fair every situation.

Everyone decides for himself, he wants to participate in the bounty companies, which require to pass KYC. I think that there are no such managers who speak about passing KYC at the end.

We do have to follow the bounty rules, but I also strongly disagree if there is a project that requires a Kyc at the end of the bounty and if it does not fill in the kyc, we will not get results from work that has been done for months, not all bounty hunters agree with the existence of Kyc, a project must to provide clear rules and also if necessary filling in the kyc must be notified at the beginning of the bounty.

Recently, I took part in the bounty, in which the developers made changes, and all the hunters should follow the KYC procedure in the company’s personal account using the wallet on the platform of this project. However, half of the weekly payments have already been made on the ERC-20.

happend to me
joined like 2 or 3 bounty then 2 of them asking me to pass kyc if want the ballance withdraw
it just waste time for doing more than 4 month and they asking kyc at the end

and for the next better asking bounty manager about the ruler
changed ruler at the end bounty is just like cheating all of us

Its all depends on your situation and the bounty's policy sometimes its just and sometimes its not. If that situation happens, its clear that the project doesnt want you to claim whatever your part on their holdings. Even we dont like this kind of crime, we still cant sue them because of the anonimity. The only thing we can do is to inform others and take that as a lesson.

it all depends on policies carried out by team, if they think or feel bounty hunter is one of the factors that makes their project success they will give to participants who pass KYC, but if they don't care about bounty hunter, I think token participants who don't pass  KYC will be taken by team themselves

I'm agree with you

This can be called so, so I think that now KYC is a process that is created solely in order to secure the withdrawal of funds for developers. It is for this reason that they collect your documents.

Well, this is a common feature, I think it is usually done to remove the scammers in the bounty , but of course you need to look at what the project enters, your documents may just be with other people

In fact, there is nothing wrong with providing personal data if the project is not fraudulent. But if you look at the statistics, or analyze all those projects in which you participated in Bounty companies, then a very small percentage of those projects that require KYC are promising and their reward has real value.

So hunter not fault the team will have problems on that. In the first place once they implemented rules or requirements they need to have to stick to it. Because like what happened what you said so other hunters who really do not want to KYC force to pass their informartion so they enable for them to get their token. Just follow tje rules the you inplemented and don't break it they need to fair on every situation.

the development team must be creative and also agile in handling problems because it is currently very difficult to develop new projects, especially in conditions like this.
and KYC in my opinion is not very effective because it is still very easy to manipulate.

Yes, indeed the Bounty campaign that does the Kyc is good and they are serious about real payments and tokens, there will be a price value, compared to those who do not, Kyc often has no price.

For me I'm not against in KYC, I think this is good so that all who are making multiple accounts in bounty and other means of cheating will be caught :D

Yes, you are exactly right on this things mate, actually I think this is the bad side effect if you are a bounty hunters. Where even you complaint several times it is still end up into nothing, due to we are just a bounty participants to their campaign. That's the saddest things that we need to accept it. There are just some BM here in the campaign are also scammer were they stole some of the allocation budget token for the bounty campaign. And for them to get it, they will all of a sudden give a new rules for it.

Have actually been in a situation, it was a very good project I wrote a very good article for them and when it was time for me to receive my token they came with KYC which I couldn't meet up with and I lost the token. It was really bad

in my opinion doing kyc in bounty is indeed suspicious because the problem is illogical in my opinion because the tokens that get are worth not hundreds of dollars, better without kyc, but it has become a developer policy but I hope the data they use is not misused they are personally used by people / members of the project that are followed to borrow money and things related to it

In my opinion,  Kyc is a good way to eliminate multiple accounts users , and also to restriction countries etc. I think it is not only because of bounty hunters. It could be because of some projects who don't want restrictions countries to participate in the project. So Kyc in a project it isn't scam.

KYC has been one thing I hated most about been a bounty hunter, I can't just submit my personal information for just a few token and most projects have seen that bounty hunters doesn't like KYC so they use it as a way to scare them away from receiving their token after they have worked for them

I totally agree with your submissions. Every information about a project bounty should be communicated on time to allow users make an informed decision. I was once in such situation, I had an expired ID and couldn't apply for the kyc. Thankfully, the bounty manager understood my condition and awarded stakes

Sometimes the project do not required for kyc, but you know the future no one know it, maybe the team change their mind. I think this simpel, follow the rule fill the kyc form and done. And i also already fill many kyc, sometimes not required in the beginning but when champaing end team ask for kyc so i do it, If you think not worth don't fill it. Simple.

Kyc is a scam if the project team uses the idea to restrict hunters of there reward.  Many countries don't issue Id to all citizens .. It's only legit to curb hunters also from robbing the team with multiple acc. All depends

If kyc is to be implemented,  it should be announced before investors or hunters involve in the project.

Lucky for you that the manager do understand your condition yet there are really some scenarios which do leave you no choice yet you wont able to get your tokens no matter
what since you would need to submit necessary documents that being asked.I hate KYC actually but as a bounty hunter you wont really have any choice but to comply on whats being asked
in order to recieve your tokens.

this is indeed complained by many bounty hunters, if a project uses KYC then it must notify in the beginning of the bounty,
because not all bounty hunters agree with KYC
the manager and team of a project must be professional, don't suddenly require KYC at the end of the bounty, bounty hunters
have worked hard to promote the project, don't make their work futile

Yes, this is very important and KYC should be announced at the start of the campaign. So that every bounty hunter has prepared their personal data. But I also saw that KYC was done at the end of the campaign, but still did not get the token. Not all projects are good and we must be careful when analyzing ICO projects.

No, KYC is not a scam. The crypto scenario has been changed for many days. Now everyone is very aware of the scammers and abusers! Some bounty hunter doesn't like KYC procedure because it is a boring thing to do! But it should be taken in well manner and project should be announced the KYC thing at the beginning of the campaign. Recently I have seen the Datablockchain  Equity KYC submission, only 400 People submitted KYC and thousands of people left the project because of KYC! But we should be on KYC support zone.

It's not about real payment but it's about how we can make sure to secure our identity because there was a lot of fraudulent ico. the real price will be determined after the token already listed on the exchange site and that's it.

It's breach of terms for a project that didn't state kyc requirement at the beginning of their promotion to turn around and ask people for kyc before they are eligible for their rewards.

Yeah boi kyc itself is not a scam because kyc is only a term . kyc is short for " know your cosutmer "  only companies such as ico can use it and they are the ones that can potentially scam you if ever they are fake and they are intented to scam people in the form of kyc  .  bounty hunters avoid kyc , not because of boring but because its risky   .  some dont join because kyc requires advanced i.d were most of us dont have

Nope sir. KYC helps the ICO from distributing your share. Because they need a confirmation if your country accepts cryptocurrency.
And it really help you if you dont do the KYC and you already invested but your country banned crypto . It helps you to refund your investment so think positive about KYC.

I am agree that if the project require KYC, it should be announce at the beginning. But i think if we dont have a problem providing our identity, i think giving KYC at distribution time is not a problem. KYC become standart right now and i think its good to avoid from scam ICOs

KYC is good to prevent scam. After many scam ICOs in 2018, now many ICOs need KYC to invest and i think its good for increase investor confident. I am believe developers team just want to comply with government regulation

Absolutely correct statement and I wholeheartedly support this statement, because I believe that cryptocurrency requires anonymity on the network, and the KYC process, like many others, violates this requirement.

I believe that in most cases, projects that request KYC after holding a bounty company without warning about this earlier simply simply wish to give out less coins, since not everyone will agree to undergo this procedure. Many do not even know that they had to go through it.

You are right and I think that a lot of ICOs are using this trick to distribute smaller rewards. They are announcing a KYC process at the end of a bounty campaign, because they know for sure that not every hunter is able to pass the KYC.

As many said, this is a common practice done in 2 ways:
a) by many projects to save some tokens being distributed (as many people dont like or just is nto able to pass KYC)
b) by many scammers to get data to be sold to private companies
both behaviours just disgusting

If you have your know your customer documents ready you should not really be boarded about the timing of when a project chooses to run there know your customer

KYC is made for the good of this forum so we must support that step but there is no denying that KYC still has deficiencies and is generally used by fraudsters.
but even though it is used by fraudsters that doesn't mean KYC is bad, it's just a bad project.

This happened to me recently, a bounty we started without any notice of kyc, as tasks were marked, tokens allocated, project got listed, distribution began, they stopped along the line, that those with higher amount of the tokens must do kyc. This is just not right.

It is good to find scammers and restrict restricted countries. But the person who spends his time in the project is right not to accept the changes afterwards. For example, you have to write 5 post weekly, but rules are changed at the end and you leave campaign without reward. And compare it with KYC.

KaaS (KYC as a Scam) is similar to SaaS (Swap as a Scam) where the companies do not distribute all the tokens they should and do not give any transparency on what they did with the unspent tokens.

Increasingly, we are witnessing manipulations with the KYS procedure, which spoils the mood of the hunters, and causes some distrust. Probably, from the very beginning it makes sense to ask the manager a question in order to eliminate irritation and not waste time in vain. Now there are many similar projects, choose fair and legitimate projects.

I have previously argued same at same when any ICO asks KYC requirement at the time of distribution, it should be at start, whey they ask mostly at the time of distribution of token, though this is not case with all ICOs, but I have seen such a lot of instances like that where I avoid to fill KYC and in which case, I loose all my tokens which I earned through bounty.

KYC means money, KYC means coins! I have witnessed that a scam project has sold their customers/bounty hunters KYC's for money and after that day when i send my KYC i always feel very bad. I think only the big buyers should send the KYC, the small buyers and bounty hunters should not! I mean why they would ask KYC for bounty hunters? They just work for you and getting some coins and usually those coins wouldn't worth anything nowadays. So that means the hunters sends their KYC for nothing!!!

KYC shouldn't really be asked out on bounty hunters yet they are just advertisers and not investors but look on most projects as of now where
bounters do really needs to pass it up for you in able to get the coins. Most of the time they would really ask in the end of the bounty where most people
doesn't know about such requirement and you wont really have any choice but to comply for you to earn those tokens you work hard.

KYC is really a solution to solve double accounts and cheaters but my own point is there are some scam projects that still implemented KYC so it doesn't mean that all projects with KYC are real or safe ,my own reason why I go against KYC is because of security reasons ,to steal someone identity is easy nowadays

Most of the projects required KYC before the bounty end and how you can clarify this project will be reach exchange in the market and token worth? If you always fear about KYC i prefer you can skip it because in the most of the project you can never trace which will be go to exchange and worth token.

it is true that with KYC it can provide a solution to solve that problem, but you have to know your data or identity that is very important it can be used for crime that you do not expect. keep careful when doing KYC.

This practice is very common. They have already scammed me thousands of dollars that way. They usually burn unsold coins, but what do they do to undistributed bounty coins?

I also do not know where the token went but if there were participants who did not get the token because of KYC problems, the team should share the tokens with all the campaign participants so that the allocation would match what was written in the thread bounty.
for example, in the signature campaign there are 10,000 tokens that are not sent, the tokens must be distributed to all signature campaign participants equally

This is usually done to erase multi-accounts. The share of these participants should be distributed to all the rest. So honestly

We are better done and notified when we start. this is to avoid fraud against participants, this can be an option for participants whether or not they want to follow the Kyc procedure so kyc is worth doing at the end

OP is not talking about passing KYC verification on crypto exchanges,it is about the people who need to complete the KYC to receive their tokens from ICO projects.

This procedure is not loved because it forces us to reveal our personalities, while there are no guarantees that this should be done at all. I believe that resorting to this procedure makes sense only in the case of significant payments from the project.

People who understand this have not sent anything for a long time. You also need to understand that today you do not need to send anything so that in the end it does not become very, very painful in the future. And maybe in general everything can end in failure and mortally.

KYC is a procedure where people scam themselves  :D

I often experience things like this. Many Bounty projects from the beginning did not use KYC but when the project was completed. They need bounty hunters to go through the KYC process before receiving tokens. And for those who don't do the KYC process, of course, they don't receive tokens. And for tokens that are not given to bounty hunters, I think that depends on team policy.