KYC as a Scam

[Mysteryla]

I came across a particular project, called Geeba, after conducting bounty with a particular platform and bounty tokens had been paid to bounty hunters, the team decided to fork the token and compelled bounty hunters to do kyc, which was not part of the agreement. Honestly, this looks like a scam to me.

[globalpain]

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.

indeed there are some projects that require kyc after the project ends, as a bounty hunter we must obey the rules, but it is indeed better if the project requires kyc better to announce it from the beginning, because not all bounty hunters want to fill it, this is very detrimental to us as bounty hunter

[Question123]

Better to be fair between the hunters and the project maybe you are right. Before they create bounty campaign they need to list all the requirements like KYC if they really want but if they implement it during the distribution for me it is not right so means it's wrong move because what about those hunters who did not want to submit their ID or Identity because maybe they are scared better to be fair every situation.

[cerberus5424]

Everyone decides for himself, he wants to participate in the bounty companies, which require to pass KYC. I think that there are no such managers who speak about passing KYC at the end.

[moon sorcerers]

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.

We do have to follow the bounty rules, but I also strongly disagree if there is a project that requires a Kyc at the end of the bounty and if it does not fill in the kyc, we will not get results from work that has been done for months, not all bounty hunters agree with the existence of Kyc, a project must to provide clear rules and also if necessary filling in the kyc must be notified at the beginning of the bounty.

[QNaka]

Everyone decides for himself, he wants to participate in the bounty companies, which require to pass KYC. I think that there are no such managers who speak about passing KYC at the end.

Recently, I took part in the bounty, in which the developers made changes, and all the hunters should follow the KYC procedure in the company’s personal account using the wallet on the platform of this project. However, half of the weekly payments have already been made on the ERC-20.

[sctunter]

happend to me
joined like 2 or 3 bounty then 2 of them asking me to pass kyc if want the ballance withdraw
it just waste time for doing more than 4 month and they asking kyc at the end

and for the next better asking bounty manager about the ruler
changed ruler at the end bounty is just like cheating all of us

[goaldigger]

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.

Its all depends on your situation and the bounty's policy sometimes its just and sometimes its not. If that situation happens, its clear that the project doesnt want you to claim whatever your part on their holdings. Even we dont like this kind of crime, we still cant sue them because of the anonimity. The only thing we can do is to inform others and take that as a lesson.

[Henrobakkara]

if the bounty hunter can not comply this where is their stake goes?

it all depends on policies carried out by team, if they think or feel bounty hunter is one of the factors that makes their project success they will give to participants who pass KYC, but if they don't care about bounty hunter, I think token participants who don't pass  KYC will be taken by team themselves

if the project require an KYC they must announce it from the beginning not in distribution time.

I'm agree with you

[trudovik]

This can be called so, so I think that now KYC is a process that is created solely in order to secure the withdrawal of funds for developers. It is for this reason that they collect your documents.

[Ditlycel]

Everyone decides for himself, he wants to participate in the bounty companies, which require to pass KYC. I think that there are no such managers who speak about passing KYC at the end.

Recently, I took part in the bounty, in which the developers made changes, and all the hunters should follow the KYC procedure in the company’s personal account using the wallet on the platform of this project. However, half of the weekly payments have already been made on the ERC-20.

Well, this is a common feature, I think it is usually done to remove the scammers in the bounty , but of course you need to look at what the project enters, your documents may just be with other people

[Aptekary]

Everyone decides for himself, he wants to participate in the bounty companies, which require to pass KYC. I think that there are no such managers who speak about passing KYC at the end.

Recently, I took part in the bounty, in which the developers made changes, and all the hunters should follow the KYC procedure in the company’s personal account using the wallet on the platform of this project. However, half of the weekly payments have already been made on the ERC-20.

Well, this is a common feature, I think it is usually done to remove the scammers in the bounty , but of course you need to look at what the project enters, your documents may just be with other people

In fact, there is nothing wrong with providing personal data if the project is not fraudulent. But if you look at the statistics, or analyze all those projects in which you participated in Bounty companies, then a very small percentage of those projects that require KYC are promising and their reward has real value.

[HatakeKakashi]

So hunter not fault the team will have problems on that. In the first place once they implemented rules or requirements they need to have to stick to it. Because like what happened what you said so other hunters who really do not want to KYC force to pass their informartion so they enable for them to get their token. Just follow tje rules the you inplemented and don't break it they need to fair on every situation.

[unbotak]

This is not the best technical way to get out of multiple accounts. Projects needs to be more careful when they are selecting bounty participants from the beginning not at the end. Projects must be reliable otherwise they can not stand this crazy crypto world.   

the development team must be creative and also agile in handling problems because it is currently very difficult to develop new projects, especially in conditions like this.
and KYC in my opinion is not very effective because it is still very easy to manipulate.

[capcaypro]

Everyone decides for himself, he wants to participate in the bounty companies, which require to pass KYC. I think that there are no such managers who speak about passing KYC at the end.

Recently, I took part in the bounty, in which the developers made changes, and all the hunters should follow the KYC procedure in the company’s personal account using the wallet on the platform of this project. However, half of the weekly payments have already been made on the ERC-20.

Well, this is a common feature, I think it is usually done to remove the scammers in the bounty , but of course you need to look at what the project enters, your documents may just be with other people

In fact, there is nothing wrong with providing personal data if the project is not fraudulent. But if you look at the statistics, or analyze all those projects in which you participated in Bounty companies, then a very small percentage of those projects that require KYC are promising and their reward has real value.

Yes, indeed the Bounty campaign that does the Kyc is good and they are serious about real payments and tokens, there will be a price value, compared to those who do not, Kyc often has no price.

[Alucard2425]

For me I'm not against in KYC, I think this is good so that all who are making multiple accounts in bounty and other means of cheating will be caught

[joromz1226]

It is a foul way that shit project use to stole bounty hunter token. And those tokens are not paid to bounty hunters are add to token pool for project team. Unfortunately we can't do anything to that shit project. They're done, collected enough money and forsake bounty hunters.

Yes, you are exactly right on this things mate, actually I think this is the bad side effect if you are a bounty hunters. Where even you complaint several times it is still end up into nothing, due to we are just a bounty participants to their campaign. That's the saddest things that we need to accept it. There are just some BM here in the campaign are also scammer were they stole some of the allocation budget token for the bounty campaign. And for them to get it, they will all of a sudden give a new rules for it.

[Babbylily1112]

Have actually been in a situation, it was a very good project I wrote a very good article for them and when it was time for me to receive my token they came with KYC which I couldn't meet up with and I lost the token. It was really bad

[altscaner]

in my opinion doing kyc in bounty is indeed suspicious because the problem is illogical in my opinion because the tokens that get are worth not hundreds of dollars, better without kyc, but it has become a developer policy but I hope the data they use is not misused they are personally used by people / members of the project that are followed to borrow money and things related to it

[ra_pl]

In my opinion,  Kyc is a good way to eliminate multiple accounts users , and also to restriction countries etc. I think it is not only because of bounty hunters. It could be because of some projects who don't want restrictions countries to participate in the project. So Kyc in a project it isn't scam.