Bouty and KYC

[aceptamosbitcoin]

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 did not understand a single thing of this post.
I don't think that KYC is a reason to hold distribution of tokens. They cannot check every single document they have. Usually the delay is due to another reasons.

[athiftammam2018]

Honestly, i agree about KYC if they as good developer not abuse the document for own consideration. Actually, KYC procedure is only applicable for the investor that want to buy the token. Yesterday i passed the KYC and i get my token from bounty reward, and i'm really happy.

[Todoroki]

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 did not understand a single thing of this post.
I don't think that KYC is a reason to hold distribution of tokens. They cannot check every single document they have. Usually the delay is due to another reasons.

It has deprived me of some of my tokens. I never knew KYC screening will appear when I register for the campaign and I didn't have a few criteria which they were asking for, it was really painful. So for noe any campaign that is bound by KYC, I avoid.

[Parodium]

Many ICOs seem to be of the opinion that it is sketchy to hand out tokens without performing KYC checks. Personally, I'm not sure where this comes from as I've never seen legislation requiring you to perform identity checks to give away money. For example, you wouldn't ask for KYC for a competition, giveaway or when giving away free samples would you? However, a lot of projects are taking it to the extreme by doing these checks due to regulatory uncertainly and AML compliance.

I guess one good thing is it reduces the number of bots/multi-accs paid out by bounties

[khalifa25]

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.

Indeed its very frustrating doing all those bounty tasks and ending up you can not receive the bounty stakes because you can not pass the KYC. Bounty manager should announce the KYC early on the campaign so it will be transparent to the participants.

[travelhelperio]

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.

Author is right on some point Bounty managers must announced that KYC is Compulsory, but KYC is a medium to prevent fake accounts and identify the authenticity of their participant.

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[Desscount]

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.

actually not as you said, there are many goals in KYC verify.
and for the participants, this can also be a factor so that farmers cannot multi-account in one project.

[novy]

I don't see any problems with passing the KYC process. When you receive coin you potentially becomes an investor, that's why kyc can be applicable. If you are honest person kyc shouldn't be any problem to you.

[senin]

The KYC audit is generally illegal for members of the ICO generosity campaign, since it should only apply to investors. Moreover, demanding to pass such a check at the end of the ICO campaign, it already looks like a fraud, because the meaning of it is only in not paying the earned token to the participants of the ICO generosity campaigns. In this case, you need to require the ICO team to provide information on what basis they require bounty hunters to provide confidential information. I'm sure it's just arbitrariness on their part.

[Sarcasm]

The KYC audit is generally illegal for members of the ICO generosity campaign, since it should only apply to investors. Moreover, demanding to pass such a check at the end of the ICO campaign, it already looks like a fraud, because the meaning of it is only in not paying the earned token to the participants of the ICO generosity campaigns. In this case, you need to require the ICO team to provide information on what basis they require bounty hunters to provide confidential information. I'm sure it's just arbitrariness on their part.

I think that KYC  is an opportunity to control the crypto-currency market at least somehow, it would be better if the laws were written for  cryptocurrencies , but for this time being this is not serious.

[Stimah23]

Yes, you are right... Announcing KYC requirements from the start of campaign will reduce participants joining bounties because not everyone have the identity they usually request for, personal information is strictly ment for personal use, so people don't want to start giving it out.

[erox]

I think you're right. Many participants in the bounty of companies can't get the reward just because they have a problem with KYC and div just burn the tokens not being distributed among the other participants.

[Krezi777]

On the one hand, this is rightly done, that it is necessary to drive KYC to verify the identity, but on the other hand not. You can be late with the input of the identity confirmation and everything that worked then for nothing.

[DarkIT]

Yes, you are right... Announcing KYC requirements from the start of campaign will reduce participants joining bounties because not everyone have the identity they usually request for, personal information is strictly ment for personal use, so people don't want to start giving it out.

well, actually for KYC regulation it's very useful and good, even for a bounty hunter. but, you're right. sometimes they inform you to fill KYC at the end of the ICO, and sometimes so many participants are not ready for it. I think that is also the reason why the payment of a project is long. maybe the best solution is to notify the rules regarding filling KYC before the bounty participants register.

[tamango]

I don't have any problems of doing KYC procedure but I understand that for some people this can be a problem so I hope that every bounty manager will write at the beginning of the campaign if KYC is required or not.

[tetyulfania]

More than one years I have active on bounty campaign project and found only one campaign have I participated needed KYC. I was upload my document and approved than they sent me coin from bounty campaign reward. Next time I am checking which one bounty campaign needed KYC and I leave it.

[German Klimenko]

In some cases, the requirement for KYC identification procedure arises later, this may happen as a result of new legal requirements or a change in the opinion of the project's lawyer.

[Nshan0102]

It would be nice if every program has a KYC. In that case we wouldn't see as much participants as we can see nowadays. It's really nice to know that no one can use multiple accounts and KYC is helping us to do that.

[Barmalei06]

I do not like when asking KYC to get earned tokens for Bounty. when you work long and then you find out that you need to go through it, then you have to. but if I know about it at once, I usually do not take it bounty

[Kjooocheka]

I agree that for the participants of the bounty campaign it is necessary to announce in advance the need to pass KYC. Some campaigns neglect this. It's very ugly, but unfortunately, the rules are set by them and we can not help it.