Dacosta Osei-Tutu (OP)
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March 24, 2019, 05:50:35 AM |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
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Sacramentus
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March 24, 2019, 05:57:49 AM |
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In as much as there are obvious threats on the kycs where there could be people trying to steal our IDs for some dubious reasons shouldn't make you think that many projects asking for kyc are scam. Yes I believe you that some guys might just want to steal our ID maybe to sell them on the dark Web or something. But yet is will be very difficult for them because many kyc processes varries
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hellyah070
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March 24, 2019, 05:58:50 AM |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
Are you sure it was okay for you to provide your full identity over the internet with just KYC paying? I think money is not enough if you will going to risk yourself on the crypto community. One of the feature of crypto is the anonymity, and what's the essence of KYC?
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MadeinCoin
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March 24, 2019, 06:00:56 AM |
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My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project
I don't think of everything like that, all back to the project itself. Warning. before give a personal identity to another party, think first. I see many people give their identity easy, only because for ($5/$10)
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MrGGates
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March 24, 2019, 06:01:52 AM |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
yes indeed there are so many projects that require cyclic for identity verification but that is really not used and the project is also not running or developing, maybe you should be careful in the future because personal information is very dangerous
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HatakeKakashi
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March 24, 2019, 06:24:35 AM |
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True projects did not hard pass the requirements and as you saw this I see more who are implementing KYC the project are scam but the project who are not implementing it is the real project. KYC is not needed for me as investord of the project.
If we think the project is scam so it will not pass your information . Careful of joining to the bounty makes you feel comfortable because you can feel the project is safe even passing your all Identity.
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bitstalker
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March 24, 2019, 06:25:26 AM |
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For KYC, it should be avoided unless you can determine the project is a potential project if there is no potential or better clarity, select the project that holds a bounty campaign but does not require KYC
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sarul
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March 24, 2019, 06:28:05 AM |
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My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project
I don't think of everything like that, all back to the project itself. Warning. before give a personal identity to another party, think first. I see many people give their identity easy, only because for ($5/$10) Yeah there is even so much legit from them, I thought he's just like being in the wrong place where unlucky in choosing bounty, me personally frequently get paid when participating in bounty program that require KYC for hunters, with the reason that the reward received is worth it, if it's only $5- $10 I just leave it.
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Indrawan77
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March 24, 2019, 06:50:52 AM |
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I think some of them truly need the kyc because they want to prevent cheaters but some of them are shady, I never join any project that require kyc, I think my identity is very valuable and if somebody misused it then it can cause a very big problem, we already see so many identity theft that happen on Internet, crypto suppose to be anonymous even the coin developer never show us the legal documents so I don't think we need to submit the kyc
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Argoo
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March 24, 2019, 06:54:34 AM |
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First of all, the KYC check on bounty hunters is illegal. No state requires that the ICO collect confidential information about those who promote the ICO project on the Internet. The KYC check is carried out with the aim of preventing dirty money laundering and combating the financing of terrorism and cannot be carried out for any other purposes, since it violates the right of citizens to the confidentiality of the individual. By requiring us to undergo a KYC check, ICO teams abuse and abuse their rights, taking advantage of the fact that this activity is not yet regulated.
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MUG1WARA
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March 24, 2019, 07:21:19 AM |
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Right now, project that I'm following requires all participants who join to do KYC and I do that. I've the reason why I am doing KYC because I see project I am following now really has a good team and real products. I also will not provide my personal information if the project is unclear
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okala
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March 24, 2019, 07:41:26 AM |
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Well it depends on the project and team behind it, some projects will require your kyc before your coin will be distribute to you and some other don't border about kyc and are also doing well in the development. Kyc is just a requirements for some site while others may do without kyc it all depends on the team.
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bassbity
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March 24, 2019, 08:03:11 AM |
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Often I do Kyc only to receive bounty reward but I have to be very careful about it, sometimes it must be Kyc but tokens have no value.
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bonker
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March 24, 2019, 08:09:33 AM |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
When projects asking for KYC then it is mainly to steal your identity when they started of their ICO with fake team.So when you care about your identity to be sold out to somewhere don't join there and ask the manager about the requirement at the time of joining the bounties.
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kaya11
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March 24, 2019, 08:18:34 AM |
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Listing the coin do not depend on KYC rather it was the current market situation. Maybe you have just encountered bounties that were not really onto KYC stuff and even got listed. If I share you my experience related to yours, then I have received tokens that I undergone KYC procedures, so far I have sold them at fair price and got profit from them, so it really doesn't matter on KYC.
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Ryker1
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March 24, 2019, 08:20:25 AM |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
When projects asking for KYC then it is mainly to steal your identity when they started of their ICO with fake team.So when you care about your identity to be sold out to somewhere don't join there and ask the manager about the requirement at the time of joining the bounties. Not all I guess turn to scam if you submitted KYC/AML, there are still legit companies who can you trust most regarding KYC. We can't blame them if they implement KYC because there's a lot of abusers now who grab the opportunity if they know that they can earn money. Nowadays, let's just accept the fact that KYC implementation is a must but choose wisely who shared your personal identity.
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babarian
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March 24, 2019, 08:38:00 AM |
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There is one thing I have realized from my experience with KYC for bounties. Almost all the projects I have provided my personal information to them failed to even get listed on exchanges and the project dies off. Surprisingly, those that didn't require KYC paid me and the project is truly developing. My point is, am beginning to think those project requesting hunters to go through KYC are just in for their information to trade and do not have any intentions to develop their crypto project so let's be vigilant about whom we carelessly give our details to, for some peanuts...May God bless our hustle
I don't think so, I did have a failure in some projects that asked for KYC filling, and part of the project turned out to be a scam, at first I was very hateful and distrustful of some projects asking for KYC, but in recent times almost all projects needed KYC for bounty hunters. and it turns out they are proven to be developing.
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kindbtc
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March 24, 2019, 09:22:19 AM |
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Your point is right but they do have a justification that the kyc is a requirement from the regulators but i fully agree the argument that kyc should only be necessary for investors, bounty hunters do not fall in investor category they are more like promoters or workers so they are not legally bound to reveal their identity or finances.
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burky156
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March 24, 2019, 09:22:36 AM |
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If i check todays situation i see that nearly all ICO projects, bounty projects and exchanges asking our KYC procedure. There was nothing about our KYC last year but today we have to send it to every time. This is something unpleasant because we all came to this world for privacy and we don't have any today..
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Little Mouse
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March 24, 2019, 09:38:16 AM |
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You just realized the intention of KYC requirements in most of the cases. I discourage anyone to do KYC because it's too much risky than you think. You should not provide your personal details for this couple of bucks. Avoid any bounty which requires KYC.
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