Bitcoin Forum

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

Its a good way to eliminate duplicate entries, scammers, etc.. Project team claims this when they go for KYC especially for bounty hunters.

To sell your personal data in case of bad token sales

I think that some of the projects that are asking for KYC want to block multiple accounts of people who want to break the rules of the bounty campaigns, But what if the project which asking for KYC is a scam project that wants to collect participants' documents and sell them or for any other reason, Really if these personal document fall into the hands of criminals, this is not good, But how can Project Managers prevent cheating in the bounty?

Aside from that, I think projects do use KYC for their future promotions by using their information, to target a demographic and gain more engagements. KYC is such a good way to help a project but for bounty purposes, I don't really think it's needed, when some of them won't even get you a huge value of tokens.

I think that basically KYC for bounty hunters exists because they do not want to pay to bots. a lot of people scam in bounty campaigns using a large number of accounts for one person

I think KYC is really needed in a bounty program, of course their goal is to know that the account that follows their bounty program is not a robot and indeed someone who can think well. Another goal is to make a transaction at the end of the bounty later, and besides to be able to know all the profiles of the account holders so that there is no case of money laundering or theft in the process of developing the ongoing bounty program.

It is not in any way so, but that's not to say that projects that request the submission of KYC are legitimate and cannot be a scam(obviously they can).
What we are made to understand is that such projects use such information to checkmate the possibility of bounty hunters trying to get in with more than one account, to increase their income, so unless such individual can in any way forge two identity documents(which is almost impossible),then they've curbed that menace.

But on another hand, submitting such private documents are highly risky and it can obviously get into the hands of fraudsters, that's why it's better not to give out such documents.

Yes, this is not a sale. But you become the owner of tokens. I think that the KYC is asked to go through to remove possible questions to the project from regulators.
It is possible that this also makes it possible for the project team to verify that real people, not bots, are participating in the bounty.

I think KYC needs in giving are caused by several things, one of which is that more and more scammers, second, KYC is also important to support distribution coins in many countries, third, to support project development programs, so KYC is also needed for bounty campaigns.

I don't know the reason the project applying KYC for bounty, some people agree but some people not. KYC it is the best way to reduce user with multiple accaunt.

maybe this is one solution to prevent forms of fraud that can be done by bounty participants and I think this kyc is not 100% able to successfully prevent such fraud and which is now being questioned by bounty participants, is it safe the kyc data we  sent so far to the team the project?

I think this is their request. We may not participate if you don't want KYC. I think this way will limit many bounty hunters to join multiple accounts. Although not thorough, it is a good way

To prevent cheaters using multiple accounts while joining bounty, I have no problem with KYC if the project is legit. They do KYC that means they only want to pay honest bounty hunters...


LOL
Hate to say, but is true...  ;D

Surely that is the truth. Most bounties now fail, and they will sell everything to get money. I have KYC a lot of bounty and my information is constantly being disturbed. My email has a lot of spam, and my passport may have been sold

For the most part, it is implemented to eliminate the scammers who participate through multiple accounts.
Also, it is used to verify the person's identity and that the person is a genuine being and not a fake identity.
Although this is not so relevant to bounty, KYC is also used in cases where the person is involved in criminal or illegal activities (most often to fight terrorism).

Why not to do it if it is required?
What i dont want is that the team is not telling that they have KYC at the first day of bounty program.
It is normal for the team to ask for KYC so they are safe for the restricted persons of a certain country which is not allowed to acquire the tokens.

When it comes to international law the team really need to comply with it, but for the bounty hunters they see it as another kind of scam. Maybe when the bounty campaign launch and the rule of KYC are there you can trust it but after the campaign they will announce the KYC procedure that is the time you need to think twice.

Yes, this is definitely true that why we provide and comply with the KYC as a bounty hunter. As, the project creator self invited to the bounty hunter to promote for it's project through the various mode and it is self benefited by the bounty hunter. So, I think to get the reward which they deserve do not require to fill any KYC.

This is just my opinion, bounty hunters should not have to undergo KYC, they are not investors and they only get a very small portion of the token, majority of bounty hunters, are only getting $5 to $15 worth of their token, these are bounty hunters coming from social media campaign, because there are too many participants, some campaign reached over 10000 of participants in social media campaign especially if the project is good I used to participate in a Facebook campaign and I only got $10 worth of their token after two months of campaign.

Some claims that it's because of cheating by having multiple accounts, some bounty hunters are caught using multiple accounts, because it's easy to fake credentials, you can even a pay people to lend their credentials, KYC is not a guaranty that bounty hunters will not participate using multiple accounts.



 

^ In crypto space that is very common when it comes investment to avoid money laundering and government having a strong regulation regarding that matter because they want a legitimate financial system. KYC is a part of AML or Anti-Money Laundering so that KYC is identifying customer which the meaning is Know Your Customer. Simple, you can avoid KYC implementation and choose those project that did not implement KYC/AML.

KYC is one of the procedures to minimize fraud, KYC is implemented in a company or project. both for prize hunters and investors who want to buy tokens in the project. but not all projects implement this system, there are usually projects that do not use the KYC system.

I agree KYC is a part of AML or Anti-Money Laundering but bounty hunters should not undergo KYC unless they are going to buy a token where they are also bounty hunters, I would like to go for KYC to prove that I am honest in my participation but unfortunately, these ICO's are not regulated, your sensitive information will only end up in the black market.

I think it is not necessary if they can check carefully and remove all cheaters. Personal information is very sensitive information because we do not know what they will do with it, so you should keep it secret.

There are 2 main reasons for this :
1. Not to abuse bounty with other accounts.
2. Some ICOs restrict some countries and KYC is functional in this matter.
If you are against KYC, look for the advantageous ones among the bounties.

KYC for bounty hunter is looking so weird but this is for secure system.
i know many project scam is using KYC for something bad and illegal issue.
sometimes i am afraid to choose bounty campain with KYC but if that bounty is looking right, i don't have a problem with that.

maybe many people think that giving someone our identity will be a threat. however, for some projects, I think it is quite necessary. of course sometimes there are regulations that make a project need to know who they are giving their tokens to, even if it's to the bounty hunter. Well, but it depends on the member, because basically we have full rights whether we will give our data, or not.

This procedure is often introduced in order to exclude multi accounts. However, in my opinion, finding and excluding such participants is the work of a bounty manager. There is no correlation between the projects that requested the KYC and which are not, regarding their continued success. Therefore, I am often suspicious of projects that introduce this procedure.
 

It is very good if the KYC requirement reduces the level of fraud among Bounty Hunters.  But I would also like to find some ways to solve the problem, when companies cheat the Hunters for Bounty and do not pay remuneration, under the conditions that were originally stated.  Bounty hunters are not investors, but people who have done the job and must get paid for their work.

Using KYC checks to prevent bounty hunters from using multiple accounts illegally. Such an inspection should be carried out only with the aim of preventing cases of dirty money laundering and combating the financing of terrorism. Since the conduct of such an inspection is connected with a violation of the rights of citizens to the confidentiality of the person, it cannot be used in cases not provided by law. Now, after the FATF recommendations of June 21, throughout the year most states will be required to adopt their own internal laws, which will also include cases of KYC inspections. Regulation of this issue will be much better than the absence of any regulation.

Some projects require KYC because of fear of the law, while others because of a desire to prevent users from registering with different accounts.

There are a few projects that are managed by law, so they will need to ask KYC who owns the project token. And there are many scam projects that want to have user information and sell it for profit. That's my thinking about KYC

I think the major reason for KYC is for legal reasons.
The thing is, there really aren't any laws in any country that requires it for crypto yet.
And that's the key word: yet.
So although KYC is currently totally uneccesary, there is a high chance that it will get more regulated and possibly require some form of KYC in the future.
To protect against that, projects have KYC all the way through.

Also, it can help weed out scammers.
First off, it can make casual bounty hunters who aren't serious go away.
And it can help multi accounting.

But, despite all this, my own personal opinion is that it is totally unnecessary.
Every country that makes a new law doesn't do it retroactively, meaning, you aren't held accountable for things done before the law was made.

Doing kyc for token sale isn't bad, but I really see no reason why there should be kyc for hunters. Hunters are there to promote a project, they work for the company and should get paid. Almost not to exceed bisect, the bounty should be capped that using kyc to cut hunters of.

Yes, we see in many bounty that they ask for KYC. And this also means that in my opinion, because many times there are many scamer who open many accounts and then work. If one person has many accounts then everyone else cannot participate then. it is very bad. Therefore, to verify any scamer, the KYC is given by the admins of any project. So its safe i think.

I agree if the KYC for bounty is evidence that the participant is serious in the success of the program and should not be blamed on the token. In my opinion, for such reasons, I accept and I always submit if needed.

Indeed Kyc prevents cloning from participating. the question is whether it will be safe to give our data to the developers if we follow the bounty ?

in my opinion KYC bounty functions to ensure the bounty hunter does not commit fraud, for example using 2 or more accounts with the same id card.

Know your customer is just to ensure and guide hunter not to run multiple when participating in a campaign. Many hunter are too greedy, they will run different accounts because they want to make more money. So I think kyc is still the best to avoid multiple and fraud

I don't like kyc for bounty but it has turn a new leaf in the industry which I think are now major for almost all project but in other way trying to prevent scammers who use many account to participate in the bounty but the team has also abuse the privilege. So we have no choice than to do it as most do tell at beginning but at end and you have to do it in other to have your reward.

KYC is good practice but for bounty hunters there may be simple as only to avoid scammer and duplicate entries. Like mobile verification, email verification and bitcoin forum verification, Not demand for documents like National id card etc.

I believe the essence of KYC for any project is to give its clients the assurance that it is a legit project while some also use it as a means to curb out multiple entries for bounty hunters

is there a KYC like that for the bounty project? looks simple and not difficult. but that's not what the developer wants. really makes it difficult for participants who join many accounts to claim their reward, that is their goal. it will not work 100% because some can definitely do KYC with other people's data.

The reason I usually meet, why prize hunters have to do KYC.

• To avoid fraud in bounties or people who use multiple accounts.
• It was required from the start by the project. Even though we are not investors.

For all these reasons, the reward hunter's response is certainly different for KYC. Some agree and some don't. As long as you are comfortable doing it, then do it.

Asking for KYC is about the project teams requirement I don't think they ask KYC just because their government needs it.

They do it to reduce cheating in the bounty campaign. For me, it doesn't matter, as long as they don't complicate it. There are still many prizes that make it difficult when we want to upload KYC, to delay the distribution time. And again, they accuse our identity is edited. That's what I can't accept.

As much as i hate to submit my I.D to any form on online verifications ive come to realized that KYC for bounties is not that bad like many thinks it is,it helps get rid of scammers and spammer but where my doubts lies is if the submitted I.Ds are safe,no darkweb sell out?i heard about it alot and its scary

It's clear the use of KYC for hunters to reduce the fraudulent use of multiple accounts.  if someone does not fill KYC the responsibility itself will not get paid, in fact I also do not agree with it but with project regulations certainly would have to be obeyed

Bounty hunters has a way to avoid getting caught with multiple account, its always easy to submit someone else documents.

The reason for them to also ask KYC is that whoever owns the tokens be bounty  hunter or an investors, they should be treated as holders who has to have records. Sooner all of them will compare all these data to filter all those cheaters. Hope not lol

We must obey the existing rules, KYC is the best solution to avoid scammers, because now many bounty participants who are blind can be scammers.

no, I don't like bounty programs asking for KYC if I am an investor that it is ok for bounty hunters I think there is no need for it many lose they reward because of KYC.

Project team or developers know why they introduce KYC. Bounty managers may sometimes tell them to impose it on bounty hunters, in order to cub cheating, because it will be difficult for one person to use different identities to pass KYC. Although, some people use fake documents to pass KYC which sometimes makes KYC not to be an effective way of reducing bounty cheat.
However, I see no legal backing that compels bounty hunters to do KYC.

Yes, it is a way to filter out cheaters with multiple accounts. In addition, projects in some countries are required to strictly adhere to AML regulations, so KYC is required for anyone who owns their token, not just investors.

KYC implementation is the perfect solution to deal with many cheaters and scammers that wants to use stolen identities or multiple accounts thats why i dont go against KYC but it would have been easy if KYC users data are safe but to me its not,we are in a world where your identity can be easily get stolen

It might be a country restriction or for their company to keep on going.
There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.

I understand the goals of the bounty manager to initially exclude bots and scammers by announcing the KYC at the beginning of the bounty Campaign.But when the managers introduce the KYC before the distribution of tokens, I think this is unfair. This is one way to reject documents and not pay the hunters what they earn.Unfortunately often this happens in successful projects.

Recently, one guy confessed that he joined in a signature campaign with his 22 high-rank accounts! So, the project goes to verify their real supporters through the KYC! This is not that bad, rather it can help other people to get a better reward! If you don't like the project then avoid doing their KYC proceeding. This is the safe way I feel!

For preventing the bounty abuse, bounty managers are preparing the bounty campaign rules strictly. There are fixed token allocated campaigns which look for loyal bounty hunters. Without KYC it becomes a easy to cheat and multiple alt accounts  appear one by one on the spreadsheet. Bounty hunters hesitate to pass account verification procedures due to  the mentioned reasons, every failed KYC is big plus for the marketing teams of crypto projects. Some CEOs decide to implement AML/KYC in order to show their well planned terms and conditions as a strong team.

Whatever be the case , I really see no reason why bounty hunters should be subjected to go through kyc, first, they are not participating in the token sales, secondly they are only promoting the project and as such be treated well. They spend their time promoting a project, at the end they deserve being rewarded.  Moreover one should be careful over identity theft. Most projects that have paid hugely never requested for kyc from bounty hunters.

Bounty projects can require users undergo KYC for several reason, either it is legal requirement they have to do or it is a way to stop irregularities from bounty participants.

Why not do it if it is requirements to have the payment?
If the investors made the KYC then why bounty hunters not?
This is the way that the team secured the safety of them from some people who is a citizen of a restricted country!

I myself am surprised at this time, even though in the past KYC was completely unnecessary, but now to take part in the bounty, most of them must have kyc even funny requirements, even though the rewards are only counts - tens of dollars are still KYC and now I only choose Bounties that don't do KYC although it's a little difficult to choose it but it's better

I also choose from those projects where it is not necessary to pass KYC. I don't want to go through it. But who thinks if there is KYC, does it guarantee that the project will pay something?

It is necessary for a project to require kyc. In a situation having a participants cloned your details. I was a victim of someone clone my details the bm disqualifies me, i sent the bm a message and he said a kyc process will prove if i was the owner of the account.  In my opinion it's safe for a project to require kyc.

They have many measurements why they do that. To prevent cheaters and also to comply what does the local gov't requires them to do so. At first, you may think that it's unfair for the hunters to do KYC but it's your choice not to participate if you think that it's unfair.
But IMHO, this isn't worth the identity that you're going to send them because there were issues that identities are being sold on the black market and this can be one source of it.

You can find out if somebody is abusing the campaign by checking the posts addresses and other things. It's not that hard there are hundreds of exposed cheaters in reputation threads. KYC is not the best way to do it but a lazy way.

You can also cheat KYC with stolen IDs that you can buy online but if you are an honest person you are risking your identity to be revealed in the Internet sold or leaked.

implicitly, they want us and them self to believe that bounty hunters are the ones who dump the coins' prices, which is it is not true.
who's scammer..?!?

Actually, I've submitted my KYC stuff once before just to get my bounty share. Checked if the project is legit first before sending anything to them. But once they credited my share to my wallet, I sold it to the exchange that they are being listed. I'm not a long term holder of tokens as they tend to decline their value very fast. After selling, there's no looking back. In that way, no regrets whatsoever.

Most bounty programs require the kyc. They use it most times to confirm the identity of their participants thereby helping to reduce cases of fraud on the part of bouty hunters

It is been talked already for several times but something KYC is getting hotter and considers as one of the requirements in order to receive rewards from bounties. We know its a risk in dealing this but we can't do anything if we would like to have those rewards. KYC isn't a problem if we know the purpose for this and we find that it gonna be handled safely.

They usually ask for KYC form filling in order to avoid people abusing their program. This help the project to remove users that use multiple account to join their bounty hunting program. This is about a legit project I am taking about. Project that in the market with an intention to scam people asks for KYC so that they can make more profit by selling your information to other people! That is why it is best to avoid any programs that asks for KYC.

There are many duplicate entries in bounty camapigns,, so in order to eliminate this kind of doings KYC is implemented. Also, it is an SOP for IEO to under KYC for their bounty participants for security reasons.

The essence is to fish out people with multiple entries in bounty campaigns but have also noticed that it hasn't been that effective as people still do multiple and go freely

It's easy to verify the real participants from the duplicate entries and that even doesn't need KYC but it looks like to comply with the regulation is more suitable compared with that reason that you have mentioned it. but this time so many scam icos and would you like try to put your KYC anywhere? It looks like the majority of bounty participants don't care about their KYC.

There are some projects that are asking hunters to take part in KYC process to claim their rewards. I do not see something unusual of strange in taking part in KYC, but if they announce it several weeks after bounty end, such things are pissing me off.

I also don’t understand why, for the sake of a few dollars, to demand KYC. But I think that this is done intentionally in order to weed out some of those who do not want to go through KYC. I also think that some manual SWAPs are often carried out in order to reduce the number of token holders among participants in bounty campaigns.

Are there jurisdictions which would require bounty to have KYC?
No there is none it's everyone for himself, KYC at your own risk


Why do some projects require KYC for bounty?
Another way to make an income by selling participants vital information


is it a way to make sure they are not being scammed by bounty huntrs?
Bounty hunters are not scammers they just here to promote the project

well mostly they required KYC to make sure that bounty hunters can not cheat, but make sure that bounty campaign you join is legit, it is risky to submit a KYC to scam bounty.

False. KYC needed or not its back to the dev, bounty manager/campaign manager only do the job as like they (dev) want.

AFAIK manager has their own fee, it's doesn't include with the bounty for participants.

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Legit bounty is nearly 0% right now (including ICO you advertized now). Better to ask them pay with bitcoin instead of their token

How can you be sure that they are legit? Are they under any regulation of a certain country? Things you need to know first before risking your information through KYC, remember the news about Binance Leaked of KYC information? It happened to big exchange, so it's more possible in small projects.

KYC is mostly required for bounty hunters not as an initiative from the devs but because the legal registration or license commands them so. This is in line with laws or policies on anti-terrorism, anti money laundering, and so on. But you could always doubt that. After all, what is at stake here are your personal information in exchange for a few bucks. Take a little pause and compute whether it is worth divulging some personal info and get some little amount or avoid releasing them and not have that payment. All your choice!

it is an attempt to close the possibility of 2 accounts from the same person. so if done kyc, then the identity of the bounty hunter will be clear, and on what account he does kyc. after that bounty hunters who want to cheat with multiple accounts will never be able to do it.

If they have multiple accounts and they need to pass KYC, I think they will easily buy someone else's KYC information to make KYC account. Currently, KYC information buying and selling is very much and this is not a good way for projects to avoid greedy people.

Some project has been implementing KYC before bounty project start, which simply (known as Know Your Customer), and some bounty manager and team really want know how many participate, by showing identification before distribution, not to send Ghost token.  

Indeed, KYC is a proposal to limit the number of greedy people using multiple accounts to cheat in bounty projects, unfortunately, this calculation may be very difficult but for greedy people, they always have too many methods to overcome easily, therefore, to limit such people, projects need better methods. And the KYC problem is not a topic that many people like when there are many problems in the process, people often boycott projects that require KYC when many events selling participants' information have occurred

What if they are scammer? There have been many people think like you. They have lost their reward and their identity documents have been also stolen. In my idea, you should never give your identity documents to others unless you completely trust them.

They just wan't to be sure no users are using there farm to get most of the bounty tokens.
Of the several reasons for issuing a bounty, decentralization too is also a part. If a large portion of the tokens goes to a person farming 100s of account, it would not be according to the goal and would be unjust. So, they force KYC to establish person to account realtion.

Most project required KYC because of the regulations that's ongoing with some jurisdiction  concerning cryptocurrency and some of them have taken it upon themselves to implement it. In some jurisdiction KYC is legal while in some jurisdiction like mine its not legal. Yes even though its not the token sales but remember that you are talking about token, either sale or airdrop they are all tokens.

I think basically some projects are not supposed to ask for kyc from bounty Hunter, but some hunters are becoming greedy and they are running multiple accounts which is very bad, that's why project are requesting for it

Marketcap is currently still largely dominated by bitcoin. so in my opinion it's reasonable if we see that the price movement of altcoin still can't be that big and what happens is the price decrease

Most bounty hunters are very ambiguous about the KYC procedure. They just advertise some project and it is not clear why their personal data should be in the project. After all, they are not investors.

KYC for bounties is to stop multiple accounts and bounty spammers but the truth is every bounties i promoted that has KYC implemented ends up not paying bounty hunters and the bounties with no KYC pays every dime,since then i dont bother to promote bounty projects with KYC implemented.

KYC process actually work to know the customer.You can easily decrease the scammer and fraudster.I think it work much for bounty .The dev. team easily catch up the double entry scammer and remove them to rewards .I think there is nothing about illegality just make it clear to rewards the real hunter.

It is for the solution of the multiple entry but it wont cure the scam side of the team, how we are sure about the people behind the team if they are legit or not?

When it comes to legality there are international law about KYC process that must be done but it wont assure the payment for the participants.

The average KYC is conducted for bounty participants because it is indeed to carry out verification that it is feared that bounty participants commit acts of fraud that often occur. and the existence of KYC Actually also still a controversy for many parties

It is a scam so they can sell your KYC info. They don't keep it safe and they check it themselves which they not supposed to do. There is no legal reason they are just lies.

The bounty participants are not who we should worry about. They can barely hurt the team even if they make 100 accounts. The de team itself is where the focus should be. They can scam every single bounty hunter. If anyone should take KYC it should be the Devs.

I think they have a rights to ask the KYC of every bounty hunters to avoid some incident of scam and fraud but I think bounty managers will need also to present their KYC for the assurance of every bounty hunter that the bounty campaign is legit. And also to be just and right to same part between bounty hunters and bounty manager.

I think KYC for bounty is to prevent the cheater from joining in the same project so they can get bigger rewards. But with so many scam project and bounty, I think that is not worth if people send their document to the project because people don't know what will happens later with the project. Although the project can guarantee that they will protect the document, it doesn't mean they can do that in all day long because who knows, there is a hacker who can penetrate their system and steal the data.

It's good for both bounty hunters and bounty founders.
Hunters are always want to do more than 1 account in a campaign, to make more and more token, much as possible if that's a good bounty.
And founders want the opposite thing.
So it's fare for both. Things get equal.

And sometimes, they just want you information. :D

Currently, Know Your Customer (KYC) is not only aimed at investors who make token purchases, but is required to bounty hunters, because many people do multi accounts to get a lot of bounty rewards, therefore DEV doesn't want to lied to by multiple accounts carried out by several members of the forum, so they impose KYC on bounty hunters to get bounty rewards.

I can say that KYC system is too easy to pass, except KYC by camera. No matter how difficult it is to ask KYC, they will find the way to pass it. It is not necessary for Hunters, sometimes you have to provide your information for only a few cents, it really is not worth it.

This is depend on the discretion of the bounty manager, probably prevent cheater in the campaign.
But sometimes there is also risk, what if the project was scam only especially if they are pushing the bounty hunters
to submit it even the the participants not yet starting His/Her work for the campaign. So that's really risky actually.

I don't recommend KYC or participating in bounty hunting or airdrops that do KYC, it's very risky the cheating stuff is just an alibi, for bounty hunters not to get their rewards, because when they first launch their campaign, they will tell you that there will be no KYC, but after the token calculation and before the distribution, they will announce bounty hunters to go KYC, it's an old trick.

KYC is good for real bounties.
As you said, there are several reasons why KYC should be used for bounty participants. But from all that, there are still many people who don't like KYC. For me personally, as long as I am confident in the project. I will do it.

Seriously? There are many better and less tedious ways to remove the double entries. But none of the bounty managers seems to be interested. Do you think that the only way to remove multiple application is by KYC verification? So are you willing to send the scanned copy of your passport to some unknown bounty manager?

Mor ethan tens cases about the project become a scam after the verification by hunters and it's not safe anymore. I heard that data collected from the hunters have been sold to the darknet. I even meet a scammer who has claimed he was selling the investor's email but i think that's related to the bounty hunter's data or some may investor's email. i have seen that in this trade section.
It's too risky. the double entry is easy to be discovered through use BTT verification.

It is possible to reduce fraud, because many accounts are greedy, with the existence of KYC the relationship between the two parties knows each other, as long as the project is really good, clear from the road map etc.

Most times the reason  kyc is implemented for bounty hunters is to prevent hunters that want to cheat the system with multiple accounts. Also when a bounty restricts some countries from participating. Though I am not in support of kyc because some scam projects could sell people's information.

Yes, that's not token sale as you said. however There's a good and bad side while submitting KYC for bounty hunters.

Good thing is the KYC process will eliminate bounty scammers from the list
bad thing is There is no guarantee what your data will be made to by those who receive your KYC data.

However, KYC must also be implemented using the same method as Token Sale, even though Bounty Hunters don't invest money there (but they invest with their work that promotes the project).
if the KYC mechanism differs between Bounty Hunters and Investors (for example, KYC Bounty Hunters with Google Form) I think this should be further investigated, even for good projects. because it is possible, bounty managers collect your data unilaterally and without the project developer knowing, then they (Bounty Managers) use your data for their needs.

of course in this case there are bad and good. the advantage of KYC for bounty hunters is, we can filter scammers from a project. however, the bad is, we cannot guarantee our data. yeah, that is the thing that is the most questioned. however, there is no compulsion in this case, it all depends on yourself. if you feel it's appropriate, it's better to do it.

Well I think most projects initiate KYC in their bounty program to curb rate of scammers. I don't see it as appropriate either. But bet me, despite the kyc procedures, those who would still scam would scam. I think projects should be more concerned about "Honest works".

First, a KYC review should not be conducted to avoid bounty hunters participating in ICO bounty campaigns with multiple accounts. It should be carried out only with the aim of preventing cases of dirty money laundering and combating the financing of terrorism. Performing a KYC audit for another purpose is illegal.
Now ICO teams are abusing KYC checks very much, because this activity is still practically not regulated by states. Following the FATF recommendations of June 21, most states will adopt their internal laws throughout the year, and then in any case, we will not have to go through a KYC check if the amount of tokens we receive is below one thousand euros.

It is also gives you the risk like what happened with binance. I mean how are we so certain that our KYC is safe? Companies want to be safe and be in the legal side by getting our information for bounty but at the end of the day this is a two way street and we want to be certain as well.

For example, our information on binance got leaked, will binance pay us all for it? Will there be compensation? No. They are just gonna go with "it was a third party that got hacked, not our problem" and move on. It makes no sense to trust these companies with our information when they are not even caring about it, if you care enough than put up a bounty for your KYC and say that if any information gets leaked with the KYC than pay everyone damage money where each person that got their KYC hacked will be given 1000 dollars for it. If you can't do that than I don't trust you enough to give you my info.

Even at that, the KYC is good for bounty hunters and to actually avoid double entry but am not in support of the KYC because of the possibility of the data be hack or stollen from the hands of the team. We have seen what happened to Binance and others who couldn't protect their data for their customers, so, am aren't a fan of KYC.

yes, I strongly agree with that, many people say that it does not recommend KYC to get a bounty reward, but it is very effective to reduce losses from the act of bounty participants who use multiple accounts and harm other participants.

here the choice of the project team itself, if they have investors from the USA, then the SEC asks ico to be held as part of the KYC

Bounty project teams have their own rules and regulations. So they make KYC procedure mandatory accordingly. Some projects specify KYC procedure is required beforehand. But what is irritating is that some projects do not require KYC information beforehand, but later they require it.

Know your clients or KYC is required in different purpose such required by law, or other important purposes. While in bounties it doesnt matter if the team was required to do KYC and announce it at the very beginning of the campaign. Participants must know it first if they can pass the required documents before they join in any campaign. for me theres nothing wrong about KYC if it was legitimate.

That's is a solution to prevent the investors from USA due to the SEC regulation but the majority of them are buying it through exchange site.
Basically that's the real purpose of KYC to be applied for investors.
KYC must be optional for the bounty hunters and if the projects are willing to pay the hunters use bitcoin or ether and it seems like that will not be a big problem with the regulation.

It is a good thing that there are still good bounty campaigns that do not do not ask for KYC from bounty hunters. After all, it is not as if asking for KYC compelling bounty hunters who want to get their rewards to do KYC  is a guarantee to the success of the project. So, look around for projects without it.

To sell your personal data after it. Nice additional income

For that purpose, it is justifiable, because I agree with you that we have such people that really exist and the best way to control it is to limit the project, but unfortunately, some of them have ulterior motives about the data that they collect, I guess that they want to be like Facebook that is selling the data of their clients to make money, but they forget that it may not always work that way for everyone.

People don’t have problem with kyc really if it would be used for a legal purpose alone, but they are scared that their data will be exposed outside the system and their faces being shown the threat in the real world. Like we head of Binance story of recent, and how hijackers succeeded is stealing their data, and I could see faces of people that had data in there.

KYC process is a way how to eliminate scammers and multi accounters.
But also it is a way how to steal your identity, just like recent Binance hack.

KYC for bounty is a way to pick out multiple accounts and in a way its actually helping but the only thing that bothers me is how safe are those personal details that are submitted

KYC is not necessary for them to be able to manage a person using multiple accounts at once to participate in a bonus campaign. In contrast, KYC is losing the essence of cryptocurrency, which is anonymous. They can use the information we provide to sell them to third parties. Exposing personal information outside can make us vulnerable and lose many things. Therefore, I do not recommend requesting KYC

Personal, I don't really see anything wrong with bounties requiring bounty hunters for KYC.   Most crypto projects want to know where and who exactly their coin or tokens are been sent to and also outline their possible market audiences.  Just like using your details in applying for a job, there is nothing wrong if a bounty campaign ask its participants to provide their details before they can receive their tokens...

Most people take part in bounties with more than one account. The KYC is required to minimize the usage of multiple accounts and to eliminate some participants from specific countries.

You are right. The developer has the rights to it. If the reason is relevant and can be justified, I guess that for the bounty hunter is not lazy. I also really like your analogy with applying for a job. We as workers must meet the terms and conditions in order to get a salary according to the agreement, and hopefully, the developer also applies fairly. Usually, from the bounty manager, kyc is used to reduce fraud and multi accounts.

If we continue to think it's for eliminating scammers, then we might be lured to give out our details to the real scammers themselves.
There are other measures that can be used to achieve that, without involving KYC.

KYC is usually used to get rid of cheaters who are participants of bounty campaigns, some of your campaigns can see that many people's bitcointalk profiles are used by other people and it is detrimental to those who are victims, so KYC can avoid the participants of such cheating bounty campaigns.

The most reasons to eliminate or minimize scammers about joining their project. To be sure we must do our delligince before joining a bounty. Always remember do not trust easily by submitting kyc since most issues there are many who steals our personal document and sell it online.

I think they do that so they can give efficient rewards to the real hunters, not the one who use multiple accounts.
The hunters are free to choose if they want to joining such campaign or not.
If we sure the project of the campaign is very good, KYC is not a problem.

I totally agree with KYC for bounty hunter, this sometimes proves that they / dev want to pay and do not want to be cheated, if KYC is limited to e-mail and ID card / driving license it still feels normal for  bounty payments above 100 $.

If we want to view it properly. KYC was implemented back then for crypto investors not bounty hunters but we can't blame some project owners either for asking bounty hunters KYC since some people abuse the bounty campaign section.

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Out of curiosity, could provide the post link.

People who use multiple accounts are usually KYC applied to bounty hunters. And there is also because the project does require it, both for investors and bounty hunters. I personally strongly agree, if you do KYC to get rid of people who cheat by using multiple accounts.

what do I know KYC to avoid from multi account or playing cheater but not intended for all bounties all depending on your choice if you are able to meet the KYC requirements, you can join if not better looking for another bounty

Firstly, the KYC check is not designed to deal with multiple accounts in this forum. Such an inspection should exclusively be carried out in order to prevent cases of dirty money laundering and to combat the financing of terrorism. Using it for another purpose is illegal.
Secondly, in my opinion, owners of several accounts can pass the KYC check quite easily if they use the data of their relatives and friends.

Well it really have negative and positive effects for me, The positive one is they can make sure the legitimacy of their users to avoid the multiple accounts or related while the negative is it's hard to trust now which project or company will going to keep those documents safe.

I think KYC for generosity is a cat in a poke. The team has nothing to lose when it tells the hunter to go through KYC. Hunters do not understand why they should give their documents to an unknown project.

To avoid spammers of multiple accounts because many are joining in a bounty campaign under different names owned by one person. And to ensure that bounty rewards are being rewarded by real people not just by a dummy name.

Wow,,, first time I have heard of such a saying or idiom;) But yes,,, I get what you mean. But you are wrong actually. The team has a LOT to lost if it is the one managing the KYC for their users,,, thanks to something called GDPR. Every mistake they make about the storage or use of personal data will be very costly to them. Today no one is pursuing teams for it but one day soon, everyone will be so careful about asking for data.

It's not right to do KYC if you are going to get a 3 to $5 worth of their token when you sell it in the market, I don't see the logic why you want to sell your sensitive information, for pennies, but the ICO that you are selling your information cannot even guaranty that their token will be profitable when it hit the market.

I know KYC to avoid fraud or multi-accounts, and not only for prize hunters but investors also do the KYC system if you want to buy project tokens. the most important thing is you can't do kyc to get prizes from airdrops or unauthorized signature campaigns.

Most campaigns I know who require KYC for bounty hunters do so to stay in the right side of regulations, but it also has the indirect effect of ensuring that bounty hunters do not try to cheat the system as well, so it's a win/win anyways.

Each bounty campaign has different rules, including being required to verify KYC for each prize hunter who wishes to participate in the bounty.  Actually the KYC verification process is required to prevent scammers and participants who want to register with a different account.  So every account that has passed the KYC process can be sure that the account is legitimate, so the work of the bounty team will be even easier.

Is it true ? honestly this is the first time I've heard this. If it's true that they sell other people's personal data is there a law that can ensnare them? I feel that some of the ICO scams that I participated in are asking KYC for hunters. I hope this is not bad with my personal data and the hunters.

that's a very important topic. so far i've always relied on my feeling.
often KYC is obligatory but the tokens are not worth it. sometimes you have to qualify via KYC at exchanges to get bounty tokens there.
you have to consider in any case whether the tokens are worth all the data to publish. it can not be answered in general, but i often go
risk and make KYC in the hope that in this campaign little to no cheaters to have. ;)

Asking bounty Hunters to pass KYC is not a big task as long as such hunter(s) is sincere in his/her work.
I think such information is needed by team so as to avoid cheating on the side of hunters.

The authorities will have a hard time prosecuting them if they are going to sell the information in the black market, they sell it in the black market where everything is anonymous and, you should do your research first before doing KYC.

There are advantages and disadvantages of doing a KYC. But as long as the project is authentic and won't play around my information, I think I could submit it. It is for security purposes and to avoid scammers and people who cheat on bounty campaigns.

I used to do it but not anymore. It is nothing but a waste of time. Some bounty managers believe it helps in reducing the multi participation whi h they think is responsible for dumping but it is still to failure.

It's not only a waste of time but you could be risking your personal info as they could sell it if they want to.

There are a lot of bounty campaign in the space and I don't believe the reason for KYC is to reduce multi participation, what I believe is that they treat their bounty hunters like their investors because they also own the same coins. If this is also to eliminate bounty cheaters, I think bounty cheaters are also smart to submit fake KYC documents to be able to comply and at the same time keep their real information safe.

I think this is done either to collect personal data for empty coins or to kick out the people and do not pay them  for the a bounty work done which has been done

Well it's quite getting popular now that most of the bounty hunters are being too much greedy  when it comes to some promising projects that they think will going to have a good  result even risking their own participation just to cheat.

They do it to pay honest people who only use 1 account for one person, not cheating a project with several different accounts. thus harming other participants who are honest in conducting the campaign.

Most likely KYC in bounty campaigns is organized in order to stop the mass participation of multi-accounts. I do not know if this is so and how effective it is, however this is the only assumption that comes to my mind.
I try not to participate in bounty campaigns where there is a KYC, I just do not want my data to flow into the network.

in the beginning it was just to prove that multi accounts could not participate in a project, and could not be misused by kyc prize hunters for bounty to be more thorough and good in dealing with a sophisticated era of trading and therefore made like this so as not to make a project become a scam / trash and get it using a passport.

Even if KYC, scammers still have a way to do it. This only further disadvantages the true hunters. I think they have to find another solution instead of KYC

I would have thought it would be obvious to all that if you had both hands out you would receive twice as much as the person with just one hand out.  If you went to the end of the line and turned up with both hands out again, then the person with just one hand out would get four times less than you.  With KYC the person doing the giving can stop and say "Hang on, didn't I already give you some... yes I did..."

When you say "fear of law", what do you mean?  Is it illegal in certain jurisdictions to do bounty?

many things are stored why you have to do KYC for bounty participants. I think it's possible to avoid cheating, but for myself I feel that bounty participants should not do KYC because the rewards they get are not worth the risk of giving away their identity

right now I think it's strange because bounty has a reward that is not how much even many do not reach hundreds of $, and kyc should only be applied to tokensale. and because of this I am lazy to follow the bounty, especially social media campaign I prefer to sign campaign and look for a bounty that is really feasible to do kyc

It is true that KYC is still a serious consideration for hunters because most of the rewards are not worth the risk and it makes me worry by irresponsible managers (fraud). I also still do not know its true purpose, but one thing is certain in my opinion that KYC is indeed necessary because it relates to identity as in real life as long as it is used properly and correctly.

Many projects currently require participants to do KYC before accepting tokens as bounty fees, but if KYC is only to prevent fraud I think it can't 100% prevent it because of course fraudsters will be more proficients in doing so, we really should be more careful to sending we personal data , for fear that we  data can be misused by them to commit other frauds, make sure the project that does the kyc have a security system to store our personal data if indeed the project is unclear, we better not to do kyc.

in my opinion about the kYC request by the project team to campaign participants because they want to ensure that only 1 account is for 1 participant ... because many bounty hunters participant commit fraud by joining multiple accounts in one campaign ... so they are not deceived by bountie hunters..

because there are many bounty participants who use several accounts in one project, so the project developer requires the KYC participant to ensure that 1 account is 1 person ... so as to avoid cheating by bounty hunters ... although KYC can be used to other things, but this is a policy to avoid fraud .. and KYC is very reasonable to be applied to bounty participants ..

Can consider that aside from those scam projects who also selling participants accounts online, KYC shouldn't be affecting Hunters if the team who asked for it are also do the same, providing their own identity and revealed every personal information to make sure that it will be fair to everyone, but if this will not happen why bother to provide and participate to projects who requiring your data.

Maybe because the developer team considers bounty tokens like tokens that are sold to investors. I think there is nothing wrong with KYC in the bounty campaign because it can reduce scammers in the campaign.

I think they require kyc its for their benefit of the doubt, to know their customers or applicants name and profile so that they would know if that person uses bot or duplicates their entries. But accordingly to some bounty hunters, it is not necessary to them to have undergo kyc in the bounty project, its only for those inveators who joins the project, not for those bounty participants.

It might be like that, to find out if many bounty participants are using bots or to prevent cheating. In my opinion there is no problem bounty hunters have to do KYC because KYC has now become a standard in the cryptocurrency market

KYC is needed for the company to know if you really are not a bot ,
it is also really important because lots of people signs up with just different account but
same person, it is also protecting other investors from people who is just making advantage of the airdrop or free tokens

If the team announces a KYC process, then you should get through it to get your rewards. I do not see the point of so much complains about passing the KYC. I does not take so much time, just get it done and receive your rewards.

often businesses require KYC to sell to other businesses that need it more. they use the cost to deploy more activities.
There have been some people talking about this and we should be careful with projects that require KYC. Best of all, we should avoid it.

We can prevent this from happening if we will not just randomly join a bounty campaign and comply with the KYC.
Of course there are still a lot of scammers out there but they can't successfully operate if we bounty hunters are knowledgeable enough to determine which is legit or scam.

We should be careful but not to avoid it, most legit project requires KYC, and I think it's not risky if we trust them.
If investors are willing to comply with the KYC, we should do the same.

i truly accept kyc for bounty because it satisfy AML policy for crypto bounty hunters we see more genuine company coming up with kyc verified

I think the issue of KYC is to curb the use of multiple accounts. People now use several accounts to cheat the system which is not a good thing. Doing KYC may not eradicate it totally, but it can go a long way in reducing it to the barest minimal.

There are 2 reasons.
1. Bounty managers do not want to pay all allocated tokens to bounty participants. The rest of tokens they will keep for themselves.
2. Bounty managers want to reduce number of scammers and pay only honest bounty participants.

I think that bounty campaigns need a reason why not to pay rewards to some participants for this and the KYC is introduced.
Personally, I try not to provide KYC as in bounty campaigns, in investing and on exchanges.

if you really feel it's unnecessary, then trying to avoid it is quite natural. for some bounties need KYC on their project to avoid scammers. several projects carry out KYC in the relevant market. in my opinion, when using KYC on a project, you make yourself bound to the project. That will make you not choose another project that has a similar function, which also requires KYC. Well, there are many reasons if you ask why you need KYC, but the goal is most likely to recognize who their users are. in addition, some projects also prohibit investors from certain countries, so it is quite useful.

Because identify many duplicate entries bounty hunter and scammer etc, in fact this decision is the own team and their development. I see many professional project give us rules before start of the bounty and also kyc required.

I think that most if these KYC being asked is just a requirement that is also imposed in those companies too by the government, so any of them wants to get the chances of gaining the trust of government, those data’s are what is most vital to them, at least with those data, they will be able to compute whatever they need to compute in other to be able to act on teem accordingly.

We can do what the US government is doing already with the KYC  that was being submitted by their citizens to those exchanges, and now they have all the detail with them and would taxing purpose, Binance is even going to the extent of having to create a special database for the US users which is mandatory for anyone that would be coming on the exchange to perform KYC, so whether we are bounty hunters or not, this issue of KC cannot be controlled by us, so there is absolutely no point actually fighting it.

I understand the manager’s desire to exclude bots from bounty campaign.This is normal  if the condition of the mandatory KYC is stipulated at the beginning of the campaign,but when the KYC is introduced before the distribution is one of the way not to pay the huntres because often the KYC is rejected without explanation. I usually don’t join the bounty, where they require KYC because I’m not ready to give my personal data, which can be sold by an unfair team.

They do it to avoid those bounty hunters that are abusing them. And once you are not comfortable or you don't feel the urge to pass with their requirements of KYC, you can stop following that bounty and stop wasting your time. They don't force people to participate them, as long as they have said it on their rules and they won't change it, have your verdict early.

Most need to do it to prevent scammers. If you're doing with a project that hasn't launched already, it's probably a scam.

I know that Hydro is doing a bounty right now which apparently can be completed in around 5 minutes. I've been in their community since the initial airdrop last year. Hydro was also the most profitable airdrop of 2018 too. Definitely might be one to check out: https://projecthydro.org/blog/hydro-pay-and-liquid-exchange-rewards-campaign/

By the way for me if we participate some bounties and need a KYC ill think it was not good idea because of the bounty hunters are only promoting their project and only investor can do some KYC. But it depend to the bounty if they want need KYC so we want to follow on what the intructions it have if the bounty it was have a potential to develop more in a future.

If there is a pre-agreed KYC rule on the bounty campaign, it should be passed by the every bounty hunter for receiving the rewards. IEO projects forward the bounty hunters to the exchanges in order to get verified, the team later distributes the bounty pool to the exchange wallets, from my enlightenment.

What jurisdiction you are talking about. As a rule, verify identity or not depends on the jurisdiction of the country in which the company is based. However, most often this is administered even when it is not necessary.

it should not be one of the main efforts to do kyc. because right now if we think KYC should only be more suitable if applied to investors. and bounty participants do not have to do kyc because it is not in accordance with the reward, but it is a rule and we must follow

I think it is absolutely unacceptable for projects to request for kyc from bounty hunters because the cryptocurrency space is an unregulated marketplace and there is a very big risk of data leaks and breach in privacy especially with the very large amount of scam projects present in the cryptocurrency market