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Author Topic: Bouty and KYC  (Read 2814 times)
abas_ir
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September 03, 2018, 01:17:24 AM
 #281

I think from now on, every project that requires KYC must announce it at the beginning, so that the bounty participants can be aware before they participate.
KYC problems sometimes become very disturbing when the bounty participants do not give prior notice from KYC before the distribution of prizes.
Yeah, actually I have opinion about this, since i have one bounty campaign which is ended successfuly but bad news come in. "For all bounty hunter, kindly pass your kyc documents". I do not get any reward since i dont have any to pass in, well im not too disappointed since im just social campaign participant but im quite pissed of, what if i do signature campaign. As we know that some bounty campaigns have this issue of late announcement of KYC program. Right?
Perfect35
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September 05, 2018, 09:46:50 PM
 #282

When i was still very new to bounty and i had just started signature campaign. The was a project i participated in, it was after the ICO that it announced that bounty hunters should submit their details for KYC. Now, it was not as if i did not have the document to pass KYC, but because it did not announce prior to the start of the bounty, i decided not to participate in the KYC, because i did not trust their system with my details.
chokomenia
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September 05, 2018, 09:56:17 PM
 #283

Yeah you are right, it is good for bounty managers to state if kyc is required or not before the bounty starts, most people don't like joining program that requires kyc because they are afraid of their personal data been stolen, I think it is very bad for bounty to require kyc when the bounty has finished and ended, it is not good.

biznes35
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September 06, 2018, 06:03:40 AM
 #284

This is all due to unscrupulous managers. The need for KYC is clear to everyone, but that's just why not specify its cost at the very beginning...
GreenSeem
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September 06, 2018, 06:11:09 AM
 #285

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 I totally agree with this idea, KYC rules are set from the start of the campaign
thaokhuyen08
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September 06, 2018, 10:03:52 AM
 #286

There are currently popular, bonus programs in some ICO projects already available KYC. It's not good, when the requirements are downright ridiculous. Perhaps, Bouty is no longer appealing to everyone.
captaincomet
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September 06, 2018, 09:13:26 PM
 #287

Imo KYC goes agains crypto spirint, privacy and etc. But for an ICO I see not probs, unless there are some retarded things like prove-of-residence
SmartIphone
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September 07, 2018, 01:16:54 PM
 #288

I really agree with what you say. If indeed the bounty company provides for part of the KYC to be taken, then the Campaign Manager of Bounty must announce this at the beginning of the company or the Project was formed. Investors and Members of the Bounty Campaign must coordinate this matter with the leaders of the ICO company at that time, on behalf of the name he produced in the Project.

In the past KYC was set later or in the middle of the bounty because the ICO team wasn't aware about the legit stuff and started a bounty without being informed or filling some requirments that require the governments.
But now I see that many bounties require KYC from their participants in order to get paid, some others don't require but still is a risk if they will require at the end of the bounty which is the moment the participants get angry.
zlt220
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September 07, 2018, 01:21:45 PM
 #289

You've really raised a very good point, some KYC request for bank account statement and other government issued documents which is confidential to individual, announcing KYC at the end of the bounty program is wrong, all managers should notify every member about the KYC at the beginning of the campaign.
mickeybuddy27
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September 07, 2018, 01:25:37 PM
 #290

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 agree with it. It takes time for you to decide whether you have to give personal information or just leave the bounty without receiving payment. It is been hard when it requires near the end of the campaigns because they give deadline when to submit but you do not have any valid identification card to verify and take long to process. I once joined that kind of bounty and worse thing for me not to comply with the requirement, I gained nothing from it.

otong
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September 07, 2018, 01:31:51 PM
 #291

This is all due to unscrupulous managers. The need for KYC is clear to everyone, but that's just why not specify its cost at the very beginning...

KYC Actually it is also good in reducing actions such as cheating by participants to be able to make less fraud happen. but on the one hand this is not good because it is our data and can be misused
newwest
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September 07, 2018, 01:34:28 PM
 #292

Yeah you are right, it is good for bounty managers to state if kyc is required or not before the bounty starts, most people don't like joining program that requires kyc because they are afraid of their personal data been stolen, I think it is very bad for bounty to require kyc when the bounty has finished and ended, it is not good.

I do not submit or participate in KYC related norms generally because I am not sure how will the KYC be misused it. When FB can do it then why can't this unknown guys can misuse your data . Only if I know for sure or some of my friends whom I know have recommended as they might be their friends who have started then only I participate for those bounty with KYC if they require.

riska hanissa
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September 07, 2018, 02:01:05 PM
 #293

strongly agree with what you conveyed, because the announcement about KYC is always at the end of the bounty so that the participants not only doubt but also many who do not know about it so that the tokens are not distributed equally to participants who have completed their tasks.

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larks500
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September 07, 2018, 02:08:22 PM
 #294

strongly agree with what you conveyed, because the announcement about KYC is always at the end of the bounty so that the participants not only doubt but also many who do not know about it so that the tokens are not distributed equally to participants who have completed their tasks.
Yes it is true, to some extent this is a trick that is often used by ICO organizers. Usually, more than half of the budget bounty is saved by devs, because many people refused to pass the KYC.

joshsmith15
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September 07, 2018, 02:10:22 PM
 #295

No reason why bounty hunters should need to do KYC, I'd avoid any bounties asking for it to be honest, not worth the risk.
santino11
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September 07, 2018, 02:15:03 PM
 #296

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.

A bounty manager should announce if the team wants KYC for the bounty participants.
But sometimes even the manager doesn't know that the participants needs to do KYC.
If you will not do KYC as they want then you will not have any prize to claim.

BTW, at the general rules of the bounty page, there is always a memo that the team and the manager have the rights to change any rules.
ccsang
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September 07, 2018, 02:18:05 PM
 #297

This is all due to unscrupulous managers. The need for KYC is clear to everyone, but that's just why not specify its cost at the very beginning...

KYC Actually it is also good in reducing actions such as cheating by participants to be able to make less fraud happen. but on the one hand this is not good because it is our data and can be misused
A lot of people cheating bounty program and join with multiple account, KYC is a best way to reduce cheater, actually KYC is just for ICO Contributor, it's the process of a business identifying and verifying the identity of its clients, prevent cryptocurrencies fund used for illegal activities, as a bounty hunter our privacy and sensitive information already giveaway to project owner after complete the KYC progress
ajoygb
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September 07, 2018, 02:21:50 PM
 #298

I agree on this. KYC should be announced before the program start so as to give a heads up to participants that it will be implementing one. Also, this is in consideration of the security risks involved for the participants who will give out their KYC information which is usually confidential in nature.

Yes, as much as the investment is risky, KYC is also very risky thinking that you give your personal informations and that makes it risky though is the programs security but how about our security so it is good thing to  announced before the program so people will not surprised at the end of the bounty.
cryptomanspbmgdn
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September 08, 2018, 07:01:46 AM
 #299

some introduce KYC after the calculation of steaks, and then send coins only to those who passed the KYC procedure. That's tricky...
diamdirumah
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September 08, 2018, 07:12:20 AM
 #300

Rules for the ICO is currently tighter and this form to reduce acts of fraud. A lot of cheating going on so the ICO gives everyone for doing KYC. KYC process and is widely used before the participants get bounty reward. And such a process is already often done.
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