KYC as a Scam

[labake]

Though, it’s something that is very bad base on my understanding. Projects with KYC are expected to announce or include it on their thread  that their would be kyc for bounty hunters before starting the campaign so no one would have any excuse and everything would go smoothly. There should be a kind of rules on this platform guiding bounty managers too.

[Sevarchik]

Some KYC is really scam.
You can detect it by uploading wrong documetns, scam kyc's accepts wrong documents

[passwordnow]

Some KYC is really scam.
You can detect it by uploading wrong documetns, scam kyc's accepts wrong documents

I haven't tried it but that seem to be like a collecting agency rather than a kyc requirement.

Be careful with what you are joining so your documents are very well safe and don't be too gullible with their promises as you fulfill that requirement.

[karagun125]

Yeah this is just a good suggestion. If a bounty requiring kyc upon transferring the tokens or coins, this project should be announcing at early stage of the bounty to avoid misunderatanding and it seems that they are fraud. Why should be there a kyc in a bounty campaign? Bounty campaign years ago doesn't require this.

[canaveralnonie]

Scam? As far as I remember, KYC is "know your customer" ... so I don't think that is a equal as a scam. If you look KYC as a scam, play with it and send a fake KYC if you can. It's not advisable, but be smart if you have a guts. Just my own point of view as a human being, please no offense.

[Pom_bensin]

This indeed becomes an obstacle for many bounty hunters on this. but many have already applied the rules of notification this KYC in the beginning and it will be better to notice. Indeed if KYC already scams then this is a bad thing because the identity is compromised if misused.

That was the thing that was really worried by the bounty participants, because after all that identity was personal I only agreed if Kyc was used for investors not bounty participants.

[Snaic]

There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.

KYC verification is generally illegal for bounty hunters. We are not investors and should not pass such a test. Moreover, if the ICO teams try to deceive bounty hunters and announce such a check after the end of the ICO, when it is already meaningless and logically can only be carried out in order not to pay the tokens earned by us. We need to put an end to this disgrace and permissiveness of the ICO teams, this wild period in the history of the ICO, and go to government regulation with clear rights and obligations of the parties.

[EventChainNews]

They really played bad. I think you should have an thread listing such projects to help the community avoid investing in them.

[GREENch]

By itself, the KYC procedure is very useful, it does not bear any threat, unless of course it is carried out by a fraudulent organization. Reporting at the end of the bounty to the company about the need to pass KYC is a sign of questionable manipulation.

[Mytoken]

KYC can effectively protect the project from fraudsters, but KYC still can't protect the interests of hunters! So I think KYC is not perfect, it is not fair to hunters!

[sends1]

kyc is really very vulnerable, sometimes there are scams and not. actually the bounty hunter does not require it because it is not an investor but includes workers. therefore we must learn the bounty / ico / airdrop that pays and don't just upload our documents

[Plecet Bank]

The Bounty project that uses KYC does have a negative and positive impact. In my opinion, KYC is very useful for the progress of the Bounty project. Those who cannot pass the KYC process will definitely not get rewarded. But you also have to be careful because not all projects that use KYC can succeed.

[elisabetheva]

Many projects do things that do not provide information from the outset that they will do KYC, but when they distribute it they ask for it, even though many also disagree with KYC, because they feel that their identities must be known to others without being able to be accountable later. . I usually least like it when there is KYC and always try to avoid it.

[raitsuk]

There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.

That is indeed a pain when a project changed their rules in the last second before they distribute the bounty reward.
I'm also feeling cheated if i met that kind of project.

[Malmoun]

This indeed becomes an obstacle for many bounty hunters on this. but many have already applied the rules of notification this KYC in the beginning and it will be better to notice. Indeed if KYC already scams then this is a bad thing because the identity is compromised if misused.

Yes I share your opinion, you should pay close attention and fight fraud

[Genkotsu]

There are a lot of projects that need an KYC of course it is a good idea also to protect their project so that they will know who's dealing with them.But there are some projects that starting from beginning they don't have an KYC required but when it come to the time that they need to distribute the stakes of bounty hunters they are asking for KYC,if the bounty hunter can not comply this where is their stake goes?if the project require an KYC they must announce it from the beginning not in distribution time.

in bounty campaign as you say, need KYC for after they want distributed the token, i think many project are announcement the rules when bounty hunter want to participate in the campaign, that's why this is fair for bounty hunter share their identity for checking to avoid cheating in the campaign

[jpnl0006]

Really?? Am no so sure about that cause i see kyc as a means of knowing your costumer and makes it more legal for costumers or participants to get what they deserve in the appropriate way or manner kyc is no scam for me thanks

[sadirmrida]

KYC mean Know Your  Customer. They try to know about customer. But there have many they try to collect customer informatio.  And try to use this information various sector. So  be careful all. 

[Mkmanik]

Although KYC is required some projects due to a legal problem. but a lot of people should not have interested in that projects. because they thought their personal data can be misused by the scampers.

That's the point. I don't want that My data would be used by some unknown people or some criminal.so why I don't like to do any kind of KYC. I have seen some people do KYC only for airdrop coin!! Really? It's not good at all. Your Document can be used for criminal works and you would be responsible for this.so be serious and think about it where to submit your personal data and where not.

[Delilonia1]

To me, i was left in a confused as to what problems this kyc of a thing is set at solving then it dawn on me that it is actually required. I could remember mosy projects that sounded good from the beginning until it became clear they actually set at scamming people of their hard earned money. I think since the kyc is out up as a factor, it should be able to confer a security to a level issues like this would be near solved even if not totally.