I want to ask about the KYC in the world of bounty, what is the benefit of kyc?
1. only for identity
2. reduce multi-account participants
I want to ask seniors who have long been in the bounty world because I am still a newbie. Please enlighten me. thank you
I think the only one benefits of KYC in bounty is the reduce of multiple accounts that abuse the bounty or always cheat. Because of KYC we avoid some cheating in bounty campaign. And that's the only one benefits that we can get in KYC .
i believe kyc is built not because they want to reduce abusers but because they want to comply with the rules regarding on regulation of banks/money but at the same time kyc do also have another positive effect and that is to reduce cheaters from partipating on their ico or bounties .
Kyc is also a hassel to most of us because not all can complete this step due to the fact that it requires an advanced i.d such as drivers license or a passport on which most of us didnt have but the best and legit bounties nowadays are always requiring this . so sad