The KYC scam

[zk-SNARK]

I dont want to send my personal documents to anybody. KYC is really bad thing for during ico and bounties. Why i should give my personal documents to people. These are important for me.
I am not joining any bounty which wants from me kyc.

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[dunfida]

The KYC process today is beneficial only for developers, you understand that they can sell your data, so I wouldn’t have said it if you didn’t have serious doubts that today greatly violate the security of your data

Even on legit projects, we don't even know on where those informations being stored up after the sale or such investment. Arent we on doubt?

I completely agree, this is really a problem. However, today I see that many companies have begun to warn about the need for verification. For example, all the bounties that Amazix conducts immediately warn about passing KYC

That's why either as an investor or a bounty hunter it would really be on our own choice or decisions regarding if we do tend to proceed or not.

[antoarwadi]

Maybe the bounty developer team managers aim to create a healthy campaign, to ensure their prizes are evenly distributed to all campaign participants and at the same time get rid of fraudulent people who use fake accounts, or multiple accounts.

[Cheesus]

I dont want to send my personal documents to anybody. KYC is really bad thing for during ico and bounties. Why i should give my personal documents to people. These are important for me.
I am not joining any bounty which wants from me kyc.

But for those bounty that requires KYC, I find it a good bounty and not a scam. We can trust them and KYC to participate in the bounty, I agree with you KYC is something stupid for the bounty but in some cases it can be ignored.

[HEvangelista]

My brother joined the Morpheus ICO way back early this year but has since still waiting for the bounty rewards to be given. Does anybody have any idea whether they have released the said tokens for Morpheus? Hopefully someone can help.

[Gurjasmeet]

I think there is no doubt give KYC. but sometime  many ico's necessary KYC after starting their projects. that means investors think no received their reward.this reason create negativits.

[Ayomiqueen]

I don't in any way like the kyc if a thing , this is cryptocurrency and a decentralized blockchain , why on Earth do will need kyc when we are not in centralized business , I still don't know why such programs are not allow in the forum and more reason they always put the clause in the general rules that they can change the rules at any time when needed and if you talk they use that clause to tackle you, all project that talk about kyc are scam to me cause I see no reason for it .

[norachuks]

serious big scam! the annoying part is after doing the KYC it may still be rejected or when they ask for your utility bill . Just wish KYC can be ruled out.

[posi]

I think there is no doubt give KYC. but sometime  many ico's necessary KYC after starting their projects. that means investors think no received their reward.this reason create negativits.

I personally don't see anything wrong with KYC either if it is used for the reason why it created from the get go and the only problem we have in terms of KYC are the modern technology abusers which was the people that caused the negativity been said about crypto currency. What we need is how to stop them from using KYC participants information for wrong things.

[suzanne5223]

I dont want to send my personal documents to anybody. KYC is really bad thing for during ico and bounties. Why i should give my personal documents to people. These are important for me.
I am not joining any bounty which wants from me kyc.

What you said does make sense because KYC make people vulnerable and I don't any reason why ones must do KYC for bounty campaign but concerning the ICOs investors, the KYC was implemented as a solution to stop fraud and money laundry during the crypto huge traffic which I believe the US SEC and Senior regulators did in other to have power over ICOs cause the KYC does not prevent investors from scam ICO.

[abubakar.tapo]

KYC is not needed by anyone except those who are planning on sometime fraudulent actions. In the future, when state participation in the control of investor participants in ICO begins, then KYC will be necessary. KYC is currently a useless thing.

[jhache]

There is certainly something going on, I don't have any problems if they are asking for KYC at the beginning of an ICO, but to do it in the end seems like shady stuff to me, and it takes away a lot of the confidence I may have towards that currency, so we have to unite as a community and put a strong stand against those abuses, because if we let ourselves, the developers will continue to take advantage.

[anatolij.shishkin]

I believe the projects are using KYC as a ploy to not payout after bounty hunters have already done the work.  I see more and more of these surprise KYC requirements after the work is done.  This is clearly being done to seize the funds of the bounty hunters who are not willing to give personal data to god knows who. 

Very clever trick. They are trying to use us then ask for requirements which go directly against the movement. 

I have a negative attitude to the project at KYC. If the project is really worth it, I will go through this procedure. But no one gives me a guarantee that I will receive a reward. Or this reward will be valuable. Personal data is what is important now.

[ven7net]

I believe that if there was originally information about the passage of KYC, then there is no deception. If, as you write, at the end of the work there is a mandatory requirement for the passage of KYC, then there are at least three options. The first is how you write - deception that would not pay the participants a bounty, in part or in full. The second is when the team tries to remove the scammers from the list of participants in the bounty. Unfortunately, some of the participants violate one of the clauses of the conditions - this is the presence of one account to participate. Many have two or even ten accounts. The third is when the team at the expense of KYC is trying to attract all participants to themselves or to the site or in the application. That is, they write that you need to go through KYC on the site or through the installation applications.

[maculeth]

whether it's scam or not, what is clear is that Kyc is quite difficult for the bounty hunter, especially when the Kyc is announced at the end of the period. because sometimes to complete the course of the course is very complicated and too many requirements such as when making a credit card. if crypto is created to be simpler than a credit card, it shouldn't be important to be obliged.

[Ulya63]

Yes, it is not good if so do ico projects at the end of the bounty campaigne. At the same time, they may require a lot of documents, even a video or bank account. They write that it is required to combat money laundering but it is all a hoax. Many countries have no laws related to ico and cryptocurrency, why should they pass it then I don’t understand it and it remains a mystery.

[e@symode]

The worst thing in this situation is that it’s true that investors who send their data to the network are immediately deprived of anonymity and put their data in a dangerous situation, because very often it happens that the data is simply sold in the end.

[passwordnow]

I saw this and was being complained by most of the bounty hunters.

I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.

[Patatas]

I saw this and was being complained by most of the bounty hunters.

I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.

The requirement always comes when it's the time for sending out the payments. I'm not fond of supporting the bounty hunters but anyone in their right mindset would ask very first questions to the team their KYC requirements. The team can introduce any ridiculous rules if the project investment is a hit and they want maximum profits for themselves.

[hovrah]

I saw this and was being complained by most of the bounty hunters.

I don't think they really have the intention to scam the bounty hunters but it just so happened that their requirement came with the wrong timing.

I think that today the provision of personal data for ico companies is not bad, but it seems to me that in the near future we can expect fraudulent actions about this, too.