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Author Topic: Bouty and KYC  (Read 2811 times)
vKedax
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August 29, 2018, 08:30:20 AM
 #141

When the company notifies the need to transfer KYC from the very beginning of the project, I can participate in it or not, there is nothing wrong with this. But I do not like when they introduce KYC after the bounty campaign.

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efey39
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August 29, 2018, 08:34:51 AM
 #142

I think kyc is unnecessary. I think the participants do not like this situation. I do not prefer that bounty if there are kyc in bounty terms.
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August 29, 2018, 08:39:40 AM
 #143

I agree to the full 100%. Managers should warn in advance about the need to pass KYC. Because it's not always possible to keep track of all the news and updates, and as a result, you may not get your earnings for bounty

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August 29, 2018, 08:41:50 AM
 #144

I agree to the full 100%. Managers should warn in advance about the need to pass KYC. Because it's not always possible to keep track of all the news and updates, and as a result, you may not get your earnings for bounty


I have suffered more than once because of the need to pass the KYC at the end of the company, and even gave a limited time for verification - accordingly, who did not have time to pass that did not receive anything. And I was among those who did not pass. And all because of the fact that they did not warn immediately about this.

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LankaJay
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August 29, 2018, 08:45:08 AM
 #145

Yes. Announcing about KYC at the middle of or at the later stage of a bounty campaign is not fair. Because at that time the hunters may have dedicated their time and efforts to promote that ICO. So the mangers must inform the hunters about the KYC status at the start of the campaign.
annicketucufaw
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August 29, 2018, 08:47:14 AM
 #146

KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

I think KYC should be ask at the end of the bounty campaign. You don't want to provide your information without getting anything. It is not worth it providing your personal information if the bounty campaign fails. Better to submit it once you already know that the bounty is successful. At least you already know you have earned something in exchange on providing your personal details. KYC really helps us eliminating multiple account users, it has a good advantage.

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coolon
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August 29, 2018, 08:48:52 AM
 #147

KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

Yes you are right, kyc should be announced at the beginning of the company. Since there are people who basically do not want to pass kyc, and when they finally find out about kyc they get it, they've wasted their time.

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Sofiyah
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August 29, 2018, 08:56:42 AM
 #148

I agree with you, the manager or team should inform in early if need a KYC in the bounty program, because that can be a consideration also for participants to participate or not. but usually the KYC is announced at the end of the bounty because of the large number of spammers, many cloning accounts are trying to get a lot of payment, so they have to fill KYC to reduce it all. but I would like have KYC announced at the start before the bounty runs.
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August 29, 2018, 09:00:42 AM
 #149

It is very inconvenient to fill the KYC form when you are not buyer but just a bounty participant. But we should become accustomed to it because Bounty could be a good instrument for money laundering, so there should be a KYC procedure.
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August 29, 2018, 09:03:35 AM
 #150

KYC has recently been asked to finish the bouty program. This makes it difficult to update people's information. For example, participants did not update information, or some people were afraid of giving out their information because it was confidential, or some KYC could not be updated because of some program error. .
With all the above reasons, participants do not have a bouty so they do not even have their tokens, although they have devoted a lot of their time to working for a long time.
I think the bouty manager should announce KYC as soon as it launches the bouty program instead of announcing it at the end of the program. This will allow participants to prepare KYC from the beginning.

Why would bounty participants don't update their information about the bounty? It would be a negligence of their part if they miss the kyc as announced by the project owner. It is not hard to do a kyc on a project. Also, it is good to have kyc to trace those participants who have multiple accounts in the campaign.

Guildenstern89
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August 29, 2018, 09:04:07 AM
 #151

Support the author. Not all participants want to give their personal data is unknown where. ICO is much easier and cheaper than IPO, but there are more risks for bounty hunters. I understand that in some countries KYC may be part of the law, but it is necessary to respect bounty hunters, and inform them about the need for KYC in advance.
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August 29, 2018, 09:05:58 AM
 #152

Good point, there are bounty that I have seen suddenly changing their rules at the last minute and requiring bounty hunters to submit KYC, that sucks, because majority of us doesn't want to submit our personal data, so you ended up in a dilemma wherein you either wanted to submit and get the token payment for all your hardwork, so simply not pass because you are afraid that your personal data might be leaked somewhere.

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bojoketikung
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August 29, 2018, 09:06:29 AM
 #153

KYC sometimes needs to be used, and this is indeed to avoid cheating. I think this doesn't need to be worried because there are indeed more crypto users, even though the owner is anonymous but I don't think there is anything wrong either.
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August 29, 2018, 10:50:59 AM
 #154

I am really fed up on other ICOs that ask for KYC when the bounty campaign almost ends and it's not actually written or announced that a KYC is needed before the start of the campaign. In my opinion too, KYC is risking yourself in identity theft and might even the key for others to have their account get hacked because you are giving your vital information to them.

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August 29, 2018, 10:56:10 AM
 #155

There are a lot of bounty campaign that are open for everyone. KYC is the best thing that has been invented in bounty campaign because there are a lot of dummy account who take advantage those who doesn't have a knowledge in doing such a stupid thing like making some dummy account to produce a lot of money. KYC is the best because the campaign is really secured and cannot be easily hacked.
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August 29, 2018, 03:05:15 PM
 #156

I hate when at the beginning of the bounty programm managers do not talk about the passage of the kyc, and then at the end it turns out that the kyc must pass
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August 29, 2018, 03:22:53 PM
 #157

Actually i'm always experience participating bounties and till the end of the bounty are they gonna using a KYC.
So it will can going too long to distribute the bounty rewards because of the KYC required.

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August 29, 2018, 03:32:22 PM
 #158

Actually i'm always experience participating bounties and till the end of the bounty are they gonna using a KYC.
So it will can going too long to distribute the bounty rewards because of the KYC required.
I only accept KYC when the amount of money I earn from the bounty is over $ 1000, which is a pretty big amount for me, so I accepted to give my information to someone. However, for those who earn less, that is a mistake, many bounty hunters will not participate with KYC conditions.
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August 29, 2018, 03:33:52 PM
 #159

it should be better if the info about Kyc is explained at the beginning of the bounty,
I have experienced a bad thing because of kyc, because of the lack of communication between the dev bounty project and the participants, I and the other participants did not get tokens because of the late info bout kyc.

it's very sad when you give your time to participate, but the result is nothing.
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August 29, 2018, 03:35:27 PM
 #160

If KYC procedure was not specified right from the beginning of the bounty campaign , but was set as mandatory just in to weeks before the end of campaign , I think it can be considered as a scam . Unfortunately such cases are not rare nowadays , but I hope all those scammers would be tagged with red trust to prevent scam in the future.

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