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Author Topic: Change Of KYC Pattern  (Read 18783 times)
DevilSlayer
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February 18, 2019, 10:02:09 PM
 #101

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 do not really participate in KYC due to the hackers all over the cryptocurrency market. There are big possibilities that our identity will stole by others if we participated in KYC.
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February 19, 2019, 04:20:56 AM
 #102

Yes, agree with you, so that there are not many participants who oppose and are in vain for their work, if they fail to do KYC.
you do not understand that the point is not that people cannot undergo this procedure, but that it is very dangerous. Your data can be sold in the darknet and, banned sites can be registered on your documents. And now think do you really wanna pass this KYC?

Yes, I understand the intent of the above section, I am against those who change the rules of the bounty campaign at the end, it is mandatory for KYC. And I won't do it at the beginning if the team isn't convincing.
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February 19, 2019, 04:36:46 AM
 #103

I strongly agree with you that there must be a pattern of change in KYC. That's what you say. The Bounty project really wants to produce the best. Of course, KYC can be placed at the beginning of the campaign. So people can campaign because they have passed KYC. So the participants will not be disappointed at the end of the ICO because they cannot get tokens because they failed KYC.

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February 19, 2019, 05:38:30 AM
 #104

I had a bad experience in following the bounty for KYC and sadly it was done by my country, Indonesia.
If those of you in this forum know ICO LYFE, that is the related project.
At the beginning of the campaign it was not mentioned for KYC and when I wanted distribution it had to be KYC, bad!

Bounty Telegram Group ---> https://web.telegram.org/#/im?p=@lyfebountychat

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February 19, 2019, 05:58:55 AM
 #105

honestly, I really hate KYC for bounty participants and I always try to avoid the bounty that requires a "bounty hunter" to do KYC. even though it was done at the beginning of the campaign but I still didn't want to give my real data to people I didn't know
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February 19, 2019, 06:17:42 AM
 #106

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?
Then you need to make a lighter version and as collateral. It will be like fighting fraudsters on their part, but who will fight projects that will want to deceive investors in this way.

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February 19, 2019, 06:34:18 AM
 #107

KYC indeed some people think that this is not necessary because we are not customers. And KYC is more appropriate for investors investing in ICO. I agree that this KYC was done at the beginning of Bounty and was more effective. But if there is at the end of the Bounty I think more people are disappointed because those who did not pass KYC did not get tokens.

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toydoll
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February 19, 2019, 06:52:16 AM
 #108

I am generally against the KYC procedure for bounty hunters.But if this procedure is mandatory, then I fully agree with the author that it is necessary to talk about it in advance of the campaign.
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February 19, 2019, 06:52:38 AM
 #109

yes. bounty hunting shouldn't do the KYC process. Projects use KYC process in bounty programmes to avoid cheating, using multi accounts and fake accounts. Some people use fake accounts to attract the audience and increase the friend/Followers amount. Some projects think it's not genuine move. Because of it, some bounty hunters are not able to claim their rewards after their works. If there is a KYC process for bounty hunters projects have to note it clearly and detailed.

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February 19, 2019, 08:19:37 AM
 #110

KYC for Bounty is indeed a problem that until now has not fulfilled its good point. I personally will be very careful in participating in the Bounty project. And I prefer projects that don't use KYC and this will be easier. But still have to do research, so you can get a good project.

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February 24, 2019, 06:44:40 PM
 #111

I think that's a good idea. First, it will help to get rid of scammers and prevent the use of multiple accounts in one campaign. And secondly, you will be sure that you will get your coins, and not wasted time. Now a lot of people introduce KYC after the end of the bounty campaign and I think this is wrong.

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February 24, 2019, 06:48:25 PM
 #112

I believe kyc  is done in order to eradicate multiple account in  certain project, but the should be done at the beginning of a project not after the project so you can know if you can partake in the project .
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February 24, 2019, 06:58:29 PM
 #113

I believe kyc  is done in order to eradicate multiple account in  certain project, but the should be done at the beginning of a project not after the project so you can know if you can partake in the project .
in any case, the provision of personal data has its advantages and also z.i. There is a negative for users of cryptocurrency, as well as for participants of Bounty companies. Although, if we speak in essence, even several accounts can benefit a certain ico project of the company, but they will not give an opportunity to make a profit to one of the participants on the forum.
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February 24, 2019, 07:01:14 PM
 #114

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?

KYC should probably be announced on the beginning of the bounty not after. So that if ever a bounty hunter is against KYC, they will not join on the first place. Some bounties are implementing KYC after the bounty that is why most bounty hunters are not getting their bounty because they don't want to undergo the process.

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February 24, 2019, 07:16:41 PM
 #115

Actually, KYC is not for bounty hunters and only for those who invest in the ICO, the obstacle is when the bounty ends then it is announced that it must be KYC for reasons to prevent multi accounts and not other ways of passing KYC to receive tokens
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February 24, 2019, 07:21:01 PM
 #116

KYC indeed some people think that this is not necessary because we are not customers. And KYC is more appropriate for investors investing in ICO. I agree that this KYC was done at the beginning of Bounty and was more effective. But if there is at the end of the Bounty I think more people are disappointed because those who did not pass KYC did not get tokens.

The main problem is in projects that at first don't require KYC, but in the middle of campaign all of the sudden start requiring KYC to get the tokens.

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February 25, 2019, 02:46:20 AM
 #117

For me, i'm disagree about doing KCY before the bounty campaign, that would be so much risky to do it. And i believe many bounty hunter will not like that. The best way would be just simply remove the requirement of KYC for bounty participant.
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February 25, 2019, 03:08:38 AM
 #118

the kyc pattern most companies adopt are really critical and unreliable as the level of rejections or declinations are way too much even when the documents submitted are genuine and legit. the way and manner kyc is carried out should be more advanced and that will aid the entire kyc process speedily.

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February 25, 2019, 03:10:48 AM
 #119

Yes, I agree that these bounty hunters are not customers as referred to in KYC. KYC does make it difficult for many bounty hunters. And the worst is when they do KYC and fail they don't get paid. Especially now that ICO projects that use KYC for bounty hunters also cannot succeed and coins also collapse.
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February 25, 2019, 03:17:51 AM
 #120

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 think each bounty is depends on their developer/ manager rules. We as bounty hunters can't force them to do that. If me i'd better follow what they rules, if must KYC in last, then i will KYC if i see it's project really good and worth.

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