Am done with KYC

[Ridwan Fauzi]

For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

Depend on the team behind the project itself, I'll give my KYC if the project's team is legit and I'll trusted them to use my personal identity.

In other side, I'll choose project who has a potential, I mean when I read all about the project is really interesting and I ensure the project will give a huge profit for me.

Therefore, when you choose bounty campaign you need to make an analyst against them, I think you have gave your KYC since you came to crypto industry, either to taken part bounty program or to make an account in the exchange.

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[zuziekatee]

You are definitely right ! Personally I am not too cool with giving out my details for anyone especially online ! Who knows what they do with it ! Another observation is that project with strict kyc rules don’t really pay well ! Except for few .

[b1boy]

I bolster the thoughts go crosswise over in this post. Asides from bounty ,rendering ones individual subtleties over the web is a dangerous practice and as I would like to think it's essential to do legitimate checks to guarantee the site is protected from programmers before dropping such unpredictable subtleties.

[polylogic]

wow hey guys, this is a little funny.
kyc for bounty?  

why not kyc for free token?
ive been away the last year and i come back and see, sh*t got worse.

no seriously... dont do kyc on bountys.
dont do kyc on ico. only if its a good project with a financial product.

dont send your id around the web.

if you didnt follow the news, binance lost over 10k kyc pictures.
its a big sh*t show. most people scared of regulations, but we have the freedom of bitcoin.

keep your heads high.

[keziakusayang]

I think the project that requires to send Kyc is to avoid fraud from participants, that's normal, but there are also some bad people who want our personal data and finally there is no development and the project is a scam. i can't think about that. I just followed it to receive payment even though I had to use kyc, I don't mind that.

[andika2018]

For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

I dont think so. Many projects require KYC because there are provisions from the government and the developer team must comply with the regulation. I don't think the developer team will sell our data to third parties because it is a criminal offense.

[Menawi12]

I think the project that requires to send Kyc is to avoid fraud from participants, that's normal, but there are also some bad people who want our personal data and finally there is no development and the project is a scam. i can't think about that. I just followed it to receive payment even though I had to use kyc, I don't mind that.

KYC is actually good because it aims to prevent money laundering. But indeed we must choose the project when we will do the KYC. At present almost all projects require KYC due to government regulations.
I think the developer team won't sell our KYC data that easily to other parties because in Europe the GDPR regulations require companies to maintain the confidentiality of personal data or they will incur huge fines

[TheICE007]

You are right, most projects that have really paid did not really ask for kyc, but you find out that those that asked for kyc are yet to pay over the time or pay poorly, I don't think it is worth the time and stress. Moreover our identity is at stake. Identity theft is real

[Marnihughes82]

In fact, there are projects that require KYC and they pay very well, not completely collecting information. But I think we cannot avoid disclosing information when we have implemented KYC with any website

[salad daging]

even so but I can't say that KYC is bad or in other words that every project that requires participants to verify KYC is a failed project because in reality not everything is like that, this is not about KYC but actually it is all about which projects you are participating in and which project you chose

[ub27]

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

The risk of exposing our data online is sometimes inevitable cos you are into cryptocurrency but we should just not give out our data like that without investigating the projects very properly

[killerfrost]

For projects that want us to offer KYC, those are really bad projects. because they need our information to sell to other businesses to make money.
therefore, we should only select the campaigns that tokens are listed on, they will not ask us to implement KYC.

Not all projects are bad. There are many very good projects as they still perform KYC so they don't break the law in their country, I think KYC is good and necessary. But many bounty scam have taken advantage of it to get information of participants

[AwoCorporation]

Now your peanuts rewards will bullrun then what will your comment. A little bit true that my highest reward is without KYC campaign problem is proof of residence.

we cannot see and compare the success of a bounty project from the availability of KYC or not. now KYC is indeed needed to make an interest. we must follow it and adapt to regulations that may not be obtained from 2-5 years in the future.

[Gab20]

At least, I have seen projects that didn't demand for KYC from bounty participants, until the project succeeded in raising the required fund. This I feel should be the demand of every genuine project that insists on KYC. Projects from scammers are mainly after the KYC of bounty hunters and nothing more.

[john alex young]

Not all projects that request KYC fail performance.
What you convey is also not wrong in my personal experience. Projects fail or scam is a risk in bounties, but our precision in choosing is also very necessary.

[upyem2k]

Same as me. We used to think application of Know Your Customers (KYC) was a determinant of a token project success but they turned out to be the ones that fail the most. KYC is nothing but a waste of time.

[Caishen_Project]

You are very correct, I think counting from 1 to 10 out of projects that are requesting for kyc, maybe only 1 or 2 as made it to exchange listing. I think by now we hunters should be avoiding projects requesting for kyc. At some point am beginning to see they are only after our information. God will help us

[Adya]

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)

i afrika 10$ is huge money. becides what people afraid of? bad guys will came to their home on cup of tea? please))

[dedocry]

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

As I wrote earlier in another thread, I think 90% of companies that ask for KYC are scammers and they collect data. Why do they ask  KYC? the crypto is not regulated in any way

[aji567]

that's the danger of KYC when you've done it right and the token you get doesn't match the price. but keep in mind that many bounties don't use KYC and they don't pay at all. I want to emphasize that sometimes everyone's luck is different when choosing a bounty.