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Author Topic: Change Of KYC Pattern  (Read 18786 times)
Danda23 (OP)
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February 10, 2019, 05:24:24 PM
 #1

There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for some other promising bounty.

What do you think about this?

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February 10, 2019, 09:16:52 PM
 #2

There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for some other promising bounty.

What do you think about this?
Yes, we have been talking about this on the forum for a long time. We consider KYC checking for bounty hunters to be illegal because we are not an investor in ICO projects, but if it is carried out, it should be done only when joining the ICO signature campaign or other ICO bounty programs. Since there is no single form of KYC verification and each ICO team comes up with making their own forms and sometimes requires very specific information or copies of documents, we should see whether we can provide such information or copies of documents and if not, do not start work and leave this ICO project . Personally, I do not join now the projects of ICO, which do not directly say that they will not have KYC checks.
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February 10, 2019, 09:24:12 PM
 #3

That is right Im agree with you better to pass the KYC before to join the bounty campaign. I hope also as a investor better they did not implement a KYC to the investor of the Project or the ICO because we want to secured our Identity but if you are hunters you don't have choice and submit kyc to avoid cheating or what.
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February 10, 2019, 09:25:25 PM
 #4

Even more important than KYC requirements, which is understandable to a certain extent, the bounty hunter community should have some

sort of a protection against project owners who want to abuse them. Right now the current perception is that most of bounty hunters are

3rd world country residents who can't even communicate in decent English, so many project owners have an agenda to exploit them, thinking

that bounty hunters would have little legal recourse against them, this has to change for the bounty system to thrive.

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February 10, 2019, 09:30:22 PM
 #5

I totally agree with you that KYC should be required and asked for before the work starts not after it especially when project owners and bounty manager know well that most Bountyhunter refuses to do KYC.

As I said many times before KYC for Bountyhunters is a must to avoid cheating and multi accounts farming but KYC for Bountyhunters should be different and not the same for investors, they need to introduce a new thing something like basic KYC which only require a first a fully blurred ID that has image and first name only appearing, I think that more than enough to avoid cheating.
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February 10, 2019, 09:36:15 PM
 #6

I totally agree with you that KYC should be required and asked for before the work starts not after it especially when project owners and bounty manager know well that most Bountyhunter refuses to do KYC.

As I said many times before KYC for Bountyhunters is a must to avoid cheating and multi accounts farming but KYC for Bountyhunters should be different and not the same for investors, they need to introduce a new thing something like basic KYC which only require a first a fully blurred ID that has image and first name only appearing, I think that more than enough to avoid cheating.

Even with this type of ID  can also be forged, so it is very bad idea. But before getting involved in any bounty if you are asking KYC then it should be asked when joining it, this idea is good so that genuine bounty hunters will be able to clear KYC and then start bounty work so that they should be getting problem in the last asking kyc.

KYC is the must to avoid the fraud by the bounty hunters using multi account but asking KYC before enrolling any bounty campaign is a good idea.
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February 10, 2019, 09:44:19 PM
 #7

My problem with KYC on ICOs is that I don't know where and who exactly is getting my personal data.

About exchanges, I get it to some point. But to give my personal data to random people just to invest in a project or being part of the bounty, thank you but never!

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February 10, 2019, 10:01:43 PM
 #8

That should be the best thing to do before the onset of any campaigns but most at times,the developers wants to play a fast one on bounty hunters

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February 10, 2019, 10:10:49 PM
 #9

I, too, think that KYC need to introduce in the early bounty. First of all, it will immediately eliminate people who are not ready to pass it. Also it can be a definite guarantee that those who passed the KYC receive their reward. Otherwise, it is sometimes very frustrating when bounty hunter has done a lot of work, and at the end of the company learns that his KYC is not approved.

greenlanternlight01
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February 10, 2019, 10:17:29 PM
 #10

I agree with you. I'm not doing bounties but if it's required than you should do it first. I guess it's because of time and money that the projects don't do it at the start of the bounty. That's because when the bounty starts the project is in the first days and it could be an important investment from the team to provide KYC to all the bounty hunters.

I don't know if this can be done, but perhaps the bounty manager can provide provide the KYC

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February 10, 2019, 10:21:50 PM
 #11

Suggest this to one popular bounty manager and it shall be adopted by others too. Most of the project now wouldn't care that much about bounty hunters, they will pay you with their tokens with the help you give for advertising their project. KYC is mandatory for them to lessen problems on their end for verifying their participants. And you have a choice not to join those bounties that implements KYC. AFAIK there are still some bounties that doesn't require it.

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February 10, 2019, 10:22:47 PM
 #12

Even if KYC will not be held at the beginning of the company, it is necessary that the project team at least warned about it in advance. If KYC is announced at the end, without warning, it may lead to the idea that with project is something wrong and this way the team can reset the extra participants.

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February 10, 2019, 10:41:04 PM
 #13

There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for some other promising bounty.

What do you think about this?
That's indeed, look at the fact that so many companies have changed the agreement at the middle of the campaign and they didn't even give a time to the bounty participants. Some icos were applying KYC verification disappear after that and all of KYC of hunters have stolen.
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February 10, 2019, 10:47:58 PM
 #14

If KYC is required it should be at the beginning. There have many scams where they fail the bounty hunters KYC and refuse to pay them as they failed the test and this is after the work has been completed.

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February 10, 2019, 10:51:49 PM
 #15

I agree that KYC should be prior to the bounty starts. Some projects decides for KYC after the bounty has finished and that is not fair. Those  projects are not transparent and trustful changing the rules at the end. Red flag for me.

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February 10, 2019, 11:18:51 PM
 #16

Some of the most common reasons why they ask for KYC after the bounty ended are; If they ask for KYC before the bounty starts, it will consume too much time for them to process everything before they can start advertising their product or company. This is also one way of abusing the bounty hunters with the surprise KYC at the end, well, not everyone wants to risk giving out their essential to someone over the internet.
I agree with, why do bounty hunters need to be kyc verified when in the first place they are not customers, they are part of the team to the product they advertised.
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February 10, 2019, 11:34:08 PM
 #17

I totally agree with you on this. Bounty hunters are not  customer to do kyc and if they must it do,  it  should be it before the campaign and not after. then the people that pass will dothe campaing

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February 10, 2019, 11:37:25 PM
 #18

Yes, Amazix bounty management team is doing this, this is a good idea! If you are able to verify your NID then verify first and then you can start hunting. This is the real rules, but some bounty projects ask passport KYC after the end of bounty campaign where most of the hunters don't have a passport, so, we should ask every bounty manager to change the KYC procedure by asking the project owners.

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February 10, 2019, 11:40:05 PM
 #19

There have been so much issues arising from bounty hunters doing kyc. So many bounty hunters are against it. Also looking at what kyc means, it means know your customer and bounty hunters are not customers.

So my thought is this: if there must be kyc , it should be done before the start of the bounty. If you pass the kyc, you start the bounty but if you fail, you just leave it and look for some other promising bounty.

What do you think about this?
I will surely agree with your suggestions. It is highly dubious for the KYC to be introduced at the completion of the bounty campaign after about 4 months and if a participant fails, he will be forced to forfeit his tokens after labouring for so long.

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February 10, 2019, 11:47:24 PM
 #20

I think the suggestion for taking the KYC before starting the campaign is the right way to go, that way people who do not wish to hand over their personal details are not wasting weeks or months of time working on a campaign. My other suggestion for those forced into doing a KYC is to use a low value form of ID such as a driving licence.

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