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Author Topic: KYC Cheat Against Bounty Hunters  (Read 499 times)
yesyes18 (OP)
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December 29, 2018, 10:28:01 AM
 #1

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.

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December 29, 2018, 10:31:21 AM
 #2

If you are taking part in bounty programme you automatically accepting the rules of any bounty and it is said that the team members are allowed to change the rules and they have their legal right to make a KYC process for bounty participants.
yesyes18 (OP)
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December 29, 2018, 10:34:28 AM
 #3

If you are taking part in bounty programme you automatically accepting the rules of any bounty and it is said that the team members are allowed to change the rules and they have their legal right to make a KYC process for bounty participants.
and that's the second cheat: we can change the rules at anytime.

and that's why people work for free in bounty campaigns because they have no say. You can't do this in the real world. You just can't make somebody work for you without getting paid. You can be legally held responsible, but urgh! well, this is crypto so what happens in crypto stays in crypto.  Grin

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December 29, 2018, 10:41:17 AM
 #4

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.
If Kyc is introduced after the end of the campaign it is definitely fraud, blackmail and extortion. Decent projects, if they consider it necessary, warn in advance.
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December 29, 2018, 10:43:41 AM
 #5

Yes, in ideal world there shouldn't be cases like that. But real world isn't ideal and crypto-world far from been fair. After you have encountered such a problem for the first time, you should be ready for such situations.
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December 29, 2018, 10:45:39 AM
 #6

KNOW YOUR CUSTOMER OR KYC is not a cheat to bounty hunters.

The rule says that the team and the manager can change the rule in the campaign which is their rights.

1. Bounty doesn't required to do KYC at first and it is good for the participants.
2. It is okay to do if all investors will or did KYC also.
3. KYC is for the regulation they had from the country to ensure that the tokens will not be in hand of a restricted person or citizen.
4. KYC is not bad! Though it is not good for the participants as they are in danger from their privacy.
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December 29, 2018, 11:02:45 AM
 #7

There are so many cheats and scams with bounties and ICOs mate. We can do nothing as a user. Because we already agreed their rules. All the bounty managers said they can change anything. Then you have to choose legit campaigns with good bounty managers. This is the only solution to avoid those cheating and scam campaigns.
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December 29, 2018, 11:04:06 AM
 #8

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.
I am choosing only the best ICOs and bounties, so if they require KYC, I dont have problem with doing it. Because I know that the company is legit and will not abuse my IDs.

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December 29, 2018, 11:36:11 AM
 #9

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.
If Kyc is introduced after the end of the campaign it is definitely fraud, blackmail and extortion. Decent projects, if they consider it necessary, warn in advance.

that is correct.. some bounty campaign doesn't include kyc or no kyc at all before the campaign but at the end they change everything.. its just they just don't want to pay the bounty hunters

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December 29, 2018, 11:41:32 AM
 #10

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.
If Kyc is introduced after the end of the campaign it is definitely fraud, blackmail and extortion. Decent projects, if they consider it necessary, warn in advance.

that is correct.. some bounty campaign doesn't include kyc or no kyc at all before the campaign but at the end they change everything.. its just they just don't want to pay the bounty hunters
Maybe that is one of the reason why they decide to do KYC, but also it could be required because so many participants are cheaters and they do not want to send tokens to cheaters.

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December 29, 2018, 11:41:49 AM
 #11

For KYC, it is usually more specific to investors and if for bounties, usually when the bounty period is over and the icon is still running, this is not a cheat, but the workings of each manager, and the bounty must understand it.

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December 29, 2018, 11:43:24 AM
 #12

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.

It's one of the risks and unfortunately, it's the biggest risk any bounty hunters are facing right now, even if you do not want to do KYC you are forced to do because of the fear of losing all your rewards, it's like scamming us bounty hunters can you name ICO that implemented KYC in the middle of the campaign..

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December 29, 2018, 11:46:29 AM
 #13

Just be sure to read the terms and agreement before you joining the campaign including but not limited to the kyc proceses. Besides, you should already knew that involving yourself on cryptocurrency is prohibited in your country.

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December 29, 2018, 11:46:56 AM
 #14

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.

It is not really a hassle to undergo KYC since you only need to pass personal data on the site. What is risky is disclosing personal information for the reward. Some projects are using this to avoid paying some rewards simce they know some hunters do not like KYC. This should be announced as early as the bounty starts so that hunters are aware.
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December 29, 2018, 11:56:28 AM
 #15

Its so sad that I was not paid what was rightfully mine because I worked for it all because of KYC the truth is I was not even aware of the KYC  only to check telegram and they said token distribution is over only for those that passed KYC

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December 29, 2018, 12:44:48 PM
 #16

There is rules or terms in the bounty campaign that they can change the rules anytime, and because of this, this is the risk involved participating bounty campaign, so we must be ready in case you are not into KYC so be sure that you only participate in a legit project so you will not regret anything.

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December 29, 2018, 12:52:14 PM
 #17

Personally, I would stay away from any services/bounty that requires KYC to be able to use it. But those kinds of problem is on the manager and the project owner side, because they have a responsibility to inform their user, and they have failed without certainty regarding KYC verification for their user. You could make a scam accusation thread if somehow you have a strong argument about it.
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December 29, 2018, 12:55:24 PM
 #18

First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.
Yes, this must be a kind of scam which is easily being done on this community by scammy devs in the name of ICOs. They must clear the need of KYC well before the start of the ICO and its campaigns. Announcing the need of KYC in between time must not be allowed by this community and such devs and managers must be regulated in possible ways.

I never prefer clearing KYC for the reason of benefiting few dollars. At the same time, I will not go for contributing an ICO if they ask for KYC at the time of investing with them. I value my privacy more.

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December 30, 2018, 11:37:49 PM
 #19

If the bounty manager asks for kyc in the bounty campaign especially when it was ended already, you must comply on it. But next time, ask first the bounty manager if there would be a possible kyc before the bounty starts, for your time not to be wasted.

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December 30, 2018, 11:40:30 PM
 #20

I think that proffecional bountyhunters don't have any problems with KYC. I have all required documents and ready to pass in one day. Sure, when bountymanager announce it after campaign it's bad but what can we do?!

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