KYC is simply just to cheat bounty hunters.

[crzybilly]

Maybe you are right. I also think that team members do not have their right to announce the KYC procedure after the campaign has ended. This is poor cheating and they should have announced a KYC process at the beginning and not after the TGE/Bounty end.

[1715611056]

1715611056

[dmzworld]

This is absolutely true. I can't just understand why some bounty managers will want to take advantage of Bounty hunters, it is not fair, hunters are also human beings like the BMs. At least the bounty rule should have been cleared stated from the beginning that KYC will be required. With that anyone who is comfortable with this rule will join and the ones who are uncomfortable with it will just pass by instead of wasting their time and effort.

[doycku]

Maybe you are right. I also think that team members do not have their right to announce the KYC procedure after the campaign has ended. This is poor cheating and they should have announced a KYC process at the beginning and not after the TGE/Bounty end.

I understand what you are saying, but nevertheless, today almost all Bounty companies announce the provision of personal data by participants only at the end of the Bounty company. And there's nothing you can do about it, or you give away your documents and maybe get a token, and maybe you leave without anything.

[beehimneff]

To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.

Yes, I agree with this, it is more reliable to pass KYC at the beginning of work, not at the end of work. But at the end of the work you can find out how much you earned tokens, and then maybe it makes no sense to pass KYC.

[Johnzky]

To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.

But more bounty hunters now are cheating the campaigns thats why some ico requires the hunters to provide kyc in which i see no wrong if you are not hiing sometihing against the campaign rules so better not to make this as big issue

Though i believe that there some instances that this can be use as cheating materials for the participants or hunters,since this is very private details of every individuals

[Inu.Guren]

I think it's simple, what makes you unsure about KYC is better avoided and what makes you sure about KYC is better to do it. so, generally KYC has become a procedure in the campaign. I don't really understand the security associated with KYC, but I know what I have to do or leave.

KYC is needed for bounty campaign, because i see many people are cheating the campaign for get more reward from the campaign and using multi account.
but like you said where the KYC data stored and are they safe, for this case we don't have regulation for this problem

[Irvinn]

To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.

I totally agree with you. Bounty hunters should not be tested by KYC, because they are not investors in ICO projects. However, if we still assume that they must pass such a check, then it must be carried out simultaneously with joining the ICO bounty campaign, so that every bounty hunter can see if he can pass such a KYC check or not. Not all bounty hunters can provide some of the required documents, and therefore everyone needs to see what is required of him before starting work. In addition, at the initial stage, the ICO team will not be able to mock the bounty hunters for so long. People will simply leave such a team and they will understand this. In the meantime, the KYC check, if it is carried out at the end of the ICO, is used to deceive bounty hunters so as not to pay the tokens they earn.

[vanjava]

To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.

I experienced this. after I did KYC to get the token but in the end it was in vain. and made me feel disappointed until now. Now I am more careful in choosing bounties that use KYC.

[Bomber007]

I do not think this information is accurate at all, KYC by most projects is to keep in line with regulations while sometimes, it is even beneficial to bounty hunters because it helps get rid of multi account participants.

[Skroojee]

I think that the procedure does not need to pass KYC bounty hunters, but on the other hand, many good projects require their investors and bounty hunters to pass KYC, which means a hundred in order to participate in a good bounty company, you will have to pass KYC.

[nxnqauff]

In a way I agree with what is happening around bounty hunters. No respect for bounty hunters. Once ICO is closed, bounty hunters is like dust for many projects.

[marados]

To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.

I definitely agree on part you said to go through KYC before bounty hunter starts working on bounty, but then again, in world that we live in and people that are joining bounties, most of them are trying to cheat the system so using multiple accounts to get rewarded as much as possible for bounty campaigns. So, KYC should be mandatory for every bounty campaign because with it we get rid of multiple accounts from people that are trying to cheat.

[seleme]

In a way I agree with what is happening around bounty hunters. No respect for bounty hunters. Once ICO is closed, bounty hunters is like dust for many projects.

New projects are looking for ways to prevent dump on prices after starting the trade on exchanges. Bounty hunters mainly prefer to sell after listing on exchanges that's why they kinda repeat same questions like "when exchange", "listing date". Sometimes they are selling to first bids on depth of price table. KYC is also red line for those who farmed the campaigns with many accounts in order to multiply stakes of bounty.

[semobo]

KYC is really meant to restrict the people from the country who are restricted by their country from participating on ICO Investments so that is not really to cheat the bounty Hunters but they can do this as a strategy for not paying any rewards it's your wish to join on the bounties which needed KYC.

[arkawa040]

From the very start ask your bounty manager if the rules are already firm and final.

But the sad thing is before you are going to ask them, you'll see one rule that allowed them to change any rule as they wish.

For frequent bounty managers do not want that the development team introduced a mandatory rule of passing KYC, and I have repeatedly met a situation where bounty managers are very sorry about it and asked for forgiveness, because they are the same as we want to earn they do not need extra headaches) KYC is EVIL)))

[SeVenlast]

KYC is really meant to restrict the people from the country who are restricted by their country from participating on ICO Investments so that is not really to cheat the bounty Hunters but they can do this as a strategy for not paying any rewards it's your wish to join on the bounties which needed KYC.

Make sense. everyone can think good or bad about the rules that must use KYC. Everyone has their own judgment.

[incomefromcoins]

nowadays Kyc has become mandatory for all the ico program kyc is good for entire industry which bring more security and transparency for the programs

[^BuTcH^]

KYC helps to go according to SEC and exchanges requirements.
I don't know why you are so pessimistic about KYC, probably you had bad experience once, but as for me I am totally sure that KYC is a usual procedure.

[Janevinex]

nowadays Kyc has become mandatory for all the ico program kyc is good for entire industry which bring more security and transparency for the programs

I agree kyc now has a good effect on the ico, a lot of people use a lot of accounts and this kyc will help to comply with the rules much stricter!

[levvv]

To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.

Bounty manager have control of the rules, they can change the rules up to them anytime.
You should avoid this kind of bounty from the beginning to avoid changes on rules, or even changes on the rewards.