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Author Topic: Am done with KYC  (Read 22078 times)
CryptoLogo
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March 24, 2019, 05:40:07 PM
 #61

KYC verification is not directly related to this. I participated in projects where KYC verification was required and earned money there.

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March 24, 2019, 05:41:21 PM
 #62

Yes i also done with some project who already said at the begining will not doing a KYC but after the distribution date its coming they just make another rules to doing a KYC for all bounty hunter.

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March 24, 2019, 06:02:07 PM
 #63

Yes i also done with some project who already said at the begining will not doing a KYC but after the distribution date its coming they just make another rules to doing a KYC for all bounty hunter.
Many ICO teams are now changing their mind about checking KYC during an ICO and this is a very big problem for bounty hunters. Not everyone has the opportunity to provide certain copies of the requested documents, and if the ICO team first claims that it will not conduct a KYC check, and then changes its opinion, this actually means that such bounty hunters will be denied the right to receive the tokens due to them. Therefore, the activities of the ICO must be regulated in order to have uniform, clear and transparent rules.
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March 24, 2019, 06:05:58 PM
 #64

Yea some project do scam with people money and some project are collecting money with personal information.  I have also done some kyc which is totally worthless now. Now I think that i was in fault. And now I am avoiding some project which ask kyc and When can not identify the project is legit.

Some project  I have seen that are "talented scammers"  Roll Eyes
Because firstly they collect money from the investors and did not listed any Exchange again they Announce a token swap that who will pass kyc they can only swap. Then people start to thinking that after swap the project will be listed exchange and try to pass kyc as soon as possible. But after swap the project team will run away.  

So from my experience want to say don't kyc if you can not feel the project is legit.  

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March 24, 2019, 06:11:38 PM
 #65

Sorry, I do not agree with you. Yes, you are right that many ICO projects died badly who asked KYC for bounties and I can mention many examples about it. Because those projects were not cool enough. And I can tell you many Succesful ICO projects from the last year who asked KYC and doing very well in this bear market! So, It depends on Projects, not in KYC or any other thing, I think!

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Ucy
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March 24, 2019, 06:34:10 PM
 #66

It is not even advisable to send your documents to strangers. They could do whatever they want with the documents and the will not face the consequences
If you must submit your documents always use decentralized identity services .
Their platforms will enable you record your identities and you will never need to send your documents multiple times for ICO kyc
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March 24, 2019, 06:36:08 PM
 #67

There are two different reasons why team members are holding a KYC at the end of a bounty programme. If the team is honest, they want to decline all the cheaters that have used multiple accounts and give more rewards to other participants. But in the most cases, team members just hope that less hunters will be able to pass KYC to distribute less rewards.
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March 24, 2019, 06:57:07 PM
 #68

that is why I do not like to join bounty that requires KYC, it is a sign of a scam to me, but if they are legit, are you willing to exchange your personal information to a peanut?.. hell no.
I didn't like it too much, but now most projects use KYC.
and although there are also many projects that do not use KYC, sometimes projects that use KYC are more attractive so I am forced to follow them even though I am actually not too comfortable with KYC.
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March 24, 2019, 07:12:09 PM
 #69

So far I have never done a KYC for a bounty, I have done some smaller bounties for 3 crypto project that suddenly wanted to do KYC when the bounty ended, without telling anyone in the start, 2 of them seem to have closed down after they collected the KYC, and the last project is still here, but doesn't look like it will come up with any finished project.
I will rule out to do a KYC one day if the project is really trustworthy and already have a working project, but so far I have not seen any project, to who I would turn over my KYC.
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March 24, 2019, 07:16:18 PM
 #70

I also not done kyc for bounties, i only do kyc where i need to use some old services, i do kyc on skrill and neteller but doing kyc for bounties never, better try anothers bounties without kyc.
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March 24, 2019, 07:37:59 PM
 #71

Believe not one you, this procedure in my opinion is a violation of human rights, no one should send their personal data to an unknown project. Who knows what the consequences may be.

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March 24, 2019, 07:38:38 PM
 #72

I'm not intend to provide information about it yeah KYC data with only $5- $25 except for the exchange market, same to you mate personality information is afraid of being misused by other parties because I think the data is important.
related only to get prizes I think it's not important because prizes can be sought from projects without KYC yeah

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March 24, 2019, 07:45:26 PM
 #73

Yes, there is not predict what the project will pay you and what not,just 17, was not so popular and relevant KYC and projects it does not require,and then went out freely to the stock exchange and traded there,and now the market is in decline,everywhere, dampening and even mandatory in many projects, KYC,and the sense of it of course full of 0!
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March 24, 2019, 07:49:30 PM
 #74

I also don't believe in projects that require ISS. Half of the projects in which I participated and passed the ISS did not give me the earned tokens.
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March 24, 2019, 08:53:18 PM
 #75

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

KYC contradicts the nature of cryptocurrency. Bitcoin was originally designed to make anonymous payments. If people ignored projects where KYC needed to be done, then similar projects would have ended immediately.

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March 24, 2019, 09:19:38 PM
 #76

Projects from Amazix bounty managers, for example, pay tokens without problems, although they also require to pass KYC. But i am not ready to pass KYC in other projects.

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March 24, 2019, 09:25:18 PM
 #77

Projects from Amazix bounty managers, for example, pay tokens without problems, although they also require to pass KYC. But i am not ready to pass KYC in other projects.
Amazix is one of the worst managing services and when someone will end scammed up it's recommended to use Amazix. They are truly picking only the worst projects and risk bounty hunters of being scammed. A honest bounty manager will distribute tokens and discourage KYC.

Smiley Smiley
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March 24, 2019, 09:30:43 PM
 #78

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
That’s why many investors are still not no longer investing on ICO’s because aside from having a poor project they still ask KYC which is not good in terms of security. We have to control ourselves and not to participate on many bounty, just try to look for a better one thay don’t ask for you kyc at all.
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March 24, 2019, 09:33:22 PM
 #79

For bounty KYC is unnecessary, I agree with you. For trading on the exchange yes ok, for ICO is also normal, but for the bounty I think need to cancel KYC.

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March 24, 2019, 09:34:08 PM
 #80

Projects from Amazix bounty managers, for example, pay tokens without problems, although they also require to pass KYC. But i am not ready to pass KYC in other projects.
Amazix is one of the worst managing services and when someone will end scammed up it's recommended to use Amazix. They are truly picking only the worst projects and risk bounty hunters of being scammed. A honest bounty manager will distribute tokens and discourage KYC.
I have no idea about the bounty management of Amazix but scam projects are not chosen by specific bounty manager. KYC procedure is mandatory for reliable projects but anonymity is lost in this selection,unfortunately.

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