Is KYC For Bounty Hunters Good? Lets Share Our Views!

[kursigoyang]

I think for the procurement of KYC on a project it is very important if you hold a bounty campaign because the existence of a regulation on bounty campaign will be able to anticipate fraudulent bounty hunters in registering multiple accounts in a bounty project

[greg458]

I think it's a good idea that ICO / Bounty Campaign has a KYC process, Kyc is a good method to protect bounty hunters and projects in general from different scammers.

[dongosquad]

ICOs are implementing KYC rules not because of their bad mood or just because they want to let us feel sad. They have to do this, they are forced by regulators, don't you understand? If there were no such rules for them, they would never make people go through KYC.

Yes, the developer team has the right to know who their token holders are to avoid abuse, it could be, of course, there is something to do with regulation. Because we know there are some countries that prohibit cryptocurrency. Focusing on the bounty, we have a goal to avoid multiple accounts, I strongly agree to that.

[serejandmyself]

In recent times there has been several ICOs introducing KYC for bounty hunters, and that has made many Bounty hunters to feel bad.

I would like to share my opinion over this issue. I never see KYC as a bad idea, KYC will actually reduce scammers from using multiple accounts for one bounty and that will also give the genuine hunters the space to earn more in their bounty hunting.

The place I have issues with ICO projects running bounty programs is the idea of some projects that introduce KYC at the end of the bounty program which I really feel it should not be so. It is the same thing as those who used multiple accounts during the bounty because it will still reduce the amount the genuine hunters will earn.
If KYC should be introduced at the end of bounty, the left over coins/token should be distributed among the genuine hunters otherwise I see it as the same scam to the genuine bounty hunters:

Anyway, this is my own view, If you have a contrary view, please share it. I would like to know more also.

ICOs are implementing KYC rules not because of their bad mood or just because they want to let us feel sad. They have to do this, they are forced by regulators, don't you understand? If there were no such rules for them, they would never make people go through KYC.

You are totally right. KYC process takes money and time. Nobody would like to spend time and money just to keep investors database. Don't make sense.

[odranoel]

I have already joined bounty that needs KYC, to be honest at first i am afraid to fill it in, but i realize that why should i don't? And why i feel bad too? besides i have never see anything bad on it. And yes it can help bounty managers to locate multiple accounts and even scammers as will. From then i joined Bounty that required KYC or not and i hope that this could not be a problem in the future.

[irenegaming]

I believe that at some points it can be beneficial, but in general I do not believe that it provides enough to the ecosystem to be highly necessary, other less invasive regulatory measures can be implemented, which would provide a similar effect, we always have to think about the purpose that cryptos have before taking any action.

[Eildosa]

You were right. Although at first I was very negative about the introduction of the KYC procedure for bounty hunters and believed that it is necessary only for investors. But now I understand that this is a forced measure, because people who use multiple accounts very much. It was necessary to fight against it.

[tracyhayley]

it is not safe for bounty hunter because they sent their document to unknown person, maybe they will use our documents to do something bad.
but KYC is very useful to prevent scammers and frauders in some bounties.

[CryptoToxicAvenger]

I'm not against KYC, but only when about it is warned at the beginning of the company. When it is introduced at the end and then do not distribute the tokens of eliminated participants between those who passed the KYC, it is unfair. Team just need to do everything normally and then there will be less scams.

[dainoran]

in my opinion KYC is indeed needed now to reduce the frauds that have occurred so far, so the gifts we get from bounty are fair and equitable.

[Denton]

I have nothing against the KYC procedure.If I trust the project, it will not be difficult for me to send them my documents. It helps to fight with multiaccounts and so I think KYC is a good idea.

[creeps]

I think for the procurement of KYC on a project it is very important if you hold a bounty campaign because the existence of a regulation on bounty campaign will be able to anticipate fraudulent bounty hunters in registering multiple accounts in a bounty project

Yes it can prevent those greedy people from taking advantage the campaign, but hopefully those who will ask for the KYC are the real project and not a scam one.

Many people are scared to fill up the KYC form because they protect their own identity from the scam projects. The decision is still yours, whether to participate on a bounty or not it is still your choice.

[DeltaX]

I think for the procurement of KYC on a project it is very important if you hold a bounty campaign because the existence of a regulation on bounty campaign will be able to anticipate fraudulent bounty hunters in registering multiple accounts in a bounty project

Yes it can prevent those greedy people from taking advantage the campaign, but hopefully those who will ask for the KYC are the real project and not a scam one.

Many people are scared to fill up the KYC form because they protect their own identity from the scam projects. The decision is still yours, whether to participate on a bounty or not it is still your choice.

However the project must also be trustworthy otherwise the people will be risking their identity, here we are talking about a real identity that someone will have forever and can get us into trouble if misused not some toy. All project that requires KYC must undergo government inspection and being approved by the government

[fathur01]

For bounty hunters there is nothing good in the procedure of passing the KYC, as at the moment there is a fairly high risk that you will get to the project, which eventually turns out to be fraudulent and your data will be stolen.

[soramon]

Well in my point of view KYC is good for bounty hunters to avoid fraud attempt. But im not sure to give my information to someone that i dont know. I have no idea what will happens next. I hate it when the bounty almost done and they change the rules to fill kyc for claiming reward.

[Ziskinberg]

Well in my point of view KYC is good for bounty hunters to avoid fraud attempt. But im not sure to give my information to someone that i dont know. I have no idea what will happens next. I hate it when the bounty almost done and they change the rules to fill kyc for claiming reward.

There are some benefits but the risk is high as well.
Bounty participants if we are talking about fraud, the risk is very small to the devs as the devs are in control here.
It always depends on their ability to check the work done, then they will be able to pay the right amount due.

[Russlenat]

Yes it is good indeed to have KYC for bounty hunters but bounty hunters also must take some precautions because of the scam bounty projects that only get personal data and gone, real project must also be transparent to the rules.

[Cashi]

In recent times there has been several ICOs introducing KYC for bounty hunters, and that has made many Bounty hunters to feel bad.

I would like to share my opinion over this issue. I never see KYC as a bad idea, KYC will actually reduce scammers from using multiple accounts for one bounty and that will also give the genuine hunters the space to earn more in their bounty hunting.

The place I have issues with ICO projects running bounty programs is the idea of some projects that introduce KYC at the end of the bounty program which I really feel it should not be so. It is the same thing as those who used multiple accounts during the bounty because it will still reduce the amount the genuine hunters will earn.
If KYC should be introduced at the end of bounty, the left over coins/token should be distributed among the genuine hunters otherwise I see it as the same scam to the genuine bounty hunters:

Anyway, this is my own view, If you have a contrary view, please share it. I would like to know more also.

ICOs are implementing KYC rules not because of their bad mood or just because they want to let us feel sad. They have to do this, they are forced by regulators, don't you understand? If there were no such rules for them, they would never make people go through KYC.

Well, show me the law. In most countries persons a free and don't need to collect personal data to launch an ICO. Exception is USA where the SEC controls funding and it's illegal to invest in ICO or launch an ICO because it distributes mone from the rich to the poor.

[kisfoxs]

My opinion about KYC for Bounty participants is very good. Because KYC itself is used to identify customers. And it has often been used and the result is that many users use multiple accounts to reduce. And this certainly has a good goal, but you have to be careful about this.

[cryptonight9631]

Honestly, it is not good, because kyc was just required on the investors in the project. But if the team also includes the bounty hunter on these regulation, then we have no choice but to comply, in order to get the rewards.