Bitcoin Forum

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.

If you are taking part in bounty programme you automatically accepting the rules of any bounty and it is said that the team members are allowed to change the rules and they have their legal right to make a KYC process for bounty participants.

and that's the second cheat: we can change the rules at anytime.

and that's why people work for free in bounty campaigns because they have no say. You can't do this in the real world. You just can't make somebody work for you without getting paid. You can be legally held responsible, but urgh! well, this is crypto so what happens in crypto stays in crypto.  ;D

If Kyc is introduced after the end of the campaign it is definitely fraud, blackmail and extortion. Decent projects, if they consider it necessary, warn in advance.

Yes, in ideal world there shouldn't be cases like that. But real world isn't ideal and crypto-world far from been fair. After you have encountered such a problem for the first time, you should be ready for such situations.

KNOW YOUR CUSTOMER OR KYC is not a cheat to bounty hunters.

The rule says that the team and the manager can change the rule in the campaign which is their rights.

1. Bounty doesn't required to do KYC at first and it is good for the participants.
2. It is okay to do if all investors will or did KYC also.
3. KYC is for the regulation they had from the country to ensure that the tokens will not be in hand of a restricted person or citizen.
4. KYC is not bad! Though it is not good for the participants as they are in danger from their privacy.

There are so many cheats and scams with bounties and ICOs mate. We can do nothing as a user. Because we already agreed their rules. All the bounty managers said they can change anything. Then you have to choose legit campaigns with good bounty managers. This is the only solution to avoid those cheating and scam campaigns.

I am choosing only the best ICOs and bounties, so if they require KYC, I dont have problem with doing it. Because I know that the company is legit and will not abuse my IDs.

that is correct.. some bounty campaign doesn't include kyc or no kyc at all before the campaign but at the end they change everything.. its just they just don't want to pay the bounty hunters

Maybe that is one of the reason why they decide to do KYC, but also it could be required because so many participants are cheaters and they do not want to send tokens to cheaters.

For KYC, it is usually more specific to investors and if for bounties, usually when the bounty period is over and the icon is still running, this is not a cheat, but the workings of each manager, and the bounty must understand it.

It's one of the risks and unfortunately, it's the biggest risk any bounty hunters are facing right now, even if you do not want to do KYC you are forced to do because of the fear of losing all your rewards, it's like scamming us bounty hunters can you name ICO that implemented KYC in the middle of the campaign..

Just be sure to read the terms and agreement before you joining the campaign including but not limited to the kyc proceses. Besides, you should already knew that involving yourself on cryptocurrency is prohibited in your country.

It is not really a hassle to undergo KYC since you only need to pass personal data on the site. What is risky is disclosing personal information for the reward. Some projects are using this to avoid paying some rewards simce they know some hunters do not like KYC. This should be announced as early as the bounty starts so that hunters are aware.

Its so sad that I was not paid what was rightfully mine because I worked for it all because of KYC the truth is I was not even aware of the KYC  only to check telegram and they said token distribution is over only for those that passed KYC

There is rules or terms in the bounty campaign that they can change the rules anytime, and because of this, this is the risk involved participating bounty campaign, so we must be ready in case you are not into KYC so be sure that you only participate in a legit project so you will not regret anything.

Personally, I would stay away from any services/bounty that requires KYC to be able to use it. But those kinds of problem is on the manager and the project owner side, because they have a responsibility to inform their user, and they have failed without certainty regarding KYC verification for their user. You could make a scam accusation thread if somehow you have a strong argument about it.

Yes, this must be a kind of scam which is easily being done on this community by scammy devs in the name of ICOs. They must clear the need of KYC well before the start of the ICO and its campaigns. Announcing the need of KYC in between time must not be allowed by this community and such devs and managers must be regulated in possible ways.

I never prefer clearing KYC for the reason of benefiting few dollars. At the same time, I will not go for contributing an ICO if they ask for KYC at the time of investing with them. I value my privacy more.

If the bounty manager asks for kyc in the bounty campaign especially when it was ended already, you must comply on it. But next time, ask first the bounty manager if there would be a possible kyc before the bounty starts, for your time not to be wasted.

I think that proffecional bountyhunters don't have any problems with KYC. I have all required documents and ready to pass in one day. Sure, when bountymanager announce it after campaign it's bad but what can we do?!

Ask the devs first if they will not implement kyc and if they did then you should stop.

But if they wont then take a proof of screenshotting that conversation.

It is indeed cheating the bounty hunters and should not be tolerated so far I haven't encountered that but a good and well-known bounty hunters will not do that to the campaign he is managing, he is going to put his reputation at risk if he does that, only newbies manager who is part of the team will do that

I dont have any problem with KYC unless people wanted to cheat with the campaign by using multi accounts. This is one way for them to ensure that dump will be prevented and for them to ensure that it will not be used for something illegal. Well we as bounty hunters should accept the fact that we are also investing our time for their success.

But KYC can act as against cheater too,when people entrolled with lot of alt accounts in the bounties which is a cheating so when they need to pass KYC they can't get any rewards so make and view in positive thought,the working time is the punishment for the cheater.

indeed, now I have to be extra careful in choosing a campaign program, a very big obstacle in receiving gifts through KYC, I often find such campaigns with unclear rules but eventually scam, and I really avoid the Kyc program.

There is no point in collecting the KYC from the bounty hunters. It is OK for the investors to do KYC but bounty hunters have already advertised for the project. They have devoted their time to the project and if they are denied of tokens on the basis of KYC failure it will really hurt the feelings of bounty hunters.

I believe that project managers who introduce the KYC procedure after the bounty campaign is over are fraudsters who are trying in this way to minimize the payments to people who have promoted their project, therefore i'm extremely negative about such cases. This should not be so, but unfortunately we cannot prevent it.

Base on my experience as well some bounties or investment site  nowadays  are not reliable and worth it , because  they used KYC as well for verification  like other Classified site just to attract all bounty hunter to contribute easily.  but the fact is it's not legit wherein always turn into scam suddenly after and there's no distribution .

Most kyc related ico/ bounties are more secure and always guarantee a pay because the requirement of kyc is actually hard but you must also be aware that there are few who were scam therfor you must checked them carefully . test all their infos and contact details to see if they are responding and if they are the real team members for the said project  .

Kyc isnt really a cheat against bounty hunters but they require kyc in order to make their ico more legal . its for the safety of bounty hunters and project owners , so dont just complain imediately until you didnt know the exact reason behind it.

I have experienced this, but I chose to keep quiet and forget, at least I tried to complain, but it didn't produce anything, even though I had worked for 5 months, and the result was zero. very disappointing, but I am not in the position of decision maker. and make this an experience. on the next project I always ask about KYC from the start and keep every communication I do with the manager and the developer team as evidence.

I'm not favor of doing KYC before you join the bounty because your risking your identity with no assurance that the project will collect enough funds during the ICO. I don't see any reason why such bounty hunter will fail the KYC if he has no hidden agenda.

I do agree that bounty hunters should not be obliged to undergo the KYC process. Sometimes, it's one way of collecting vital info from the users. We don't know the legitimacy of those projects. Very few have real intentions of doing it right. But if the project is really authentic, then there's really no way of failing the kyc requirements as you have one valid id at least in your lifetime.

You will fail KYC for 2 reasons, either you are a BOT or you have multiple entry. Except that you have expired documents in the case of an honest hunter will KYC be a problem to you.

Unfortunately bounty hunter cannot do anything if the managers change the rules at the end of campaign that they have to following it if they want to get payment or this is maybe manager strategy to get valid participants which is there are plenty of people cheating too when they enrolling bounty campaign but overall this is one of plenty risk when you are joining bounty campaign and liked it or not you must accept it

All blame should be took by the Dev itself on not imposing these rules since from the start and the fact Managers arent anytime included on such act because they are just being paid to handle out people.
If what rules being set of by the Dev then they do just follow it unless if the manager itself is part of the team then theres no doubt that cheating can happen anytime.
So as a bounty hunter then you should really ready up yourself anytime if you are willing to do KYC incase if they ask later.

I always ask about the KYC before starting to work in the bounty campaign. Personally, for me, the KYC is unacceptable, but I agree with the fact that it eliminates cheating. But when the condition of passing of KYC is pushed to the end of the campaign, it looks like cheating.

Some of their KYC is really cruel, they ask you to upload a house bill which belongs to you, what if I don't have any house?!
Beside uploading a house bill is sort of dangerous because I don't like to have my address in some stranger database!

Passing the KYC is a very painful process for anyone who wants to participate anonymously in projects,but if for investors this process becomes mandatory due to bans and persecution in many countries, then passing the authentication for the bounty participants is completely meaningless. Many projects do not warn in advance about the need to pass the KYC for bounty hunters,which in fact is a fraud, but project managers reserve the right to change the rules and this is their right. Both our investments and our participation in the bounty program are not protected by any rights, it is based only on trust in the project.

There is totally nothing wrong with basic KYC which only requires your ID and selfie holding it, and to be honest I think it is a must in all campaign to avoid those that abuse the campaigns and they are a lot, those multi accounters and cheaters is the only one who will get affected by this, if you are an honest person and not multi-accounting why you should be worried about that!!? I know that some people value their privacy a lot but what if that this is the only way to fight multi-accounting and cheaters?

With that being said, it still should be announced clearly before the beginning of the bounty that KYC is required.

haha sounds funny and terrible when someone knows your bill. this is unnatural and I ignore this kind of KYC.
if it's just a name and email it can be tolerated but if other data I think it's indeed dangerous.

I guess that's the only pros for having kyc, it should be done to caught cheaters thus abusers. And those who worked good will be rewarded from what they deserve.


Definitely, so if you don't want to go through the kyc then don't join, neither no one will force you no matter how attractive and promising the project.

Honestly, I think that KYC cannot stop cheating, They can buy KYC files in a simple and extremely cheap way to get over KYC's bounty. It only limits a few participants. I didn't like KYC either because they asked for a passport, but I never owned it