Am done with KYC

[Nolimitz84]

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 problem does exist.I now absolutely do not trust projects requiring KYC.The participants of the bounty this procedure is just not necessary.

[albon]

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

Not all projects that make a bounty and require KYC for the participants get succeed,The KYC has nothing to do with the success of the project only is a security precaution to prevent fraud and who use multiple accounts, But the dangerous thing is not that these projects fail, but that they are scam projects collecting personal information and details about the participants and selling them or the like, We should all look carefully for projects and make sure they are honest before joining them and ask them why they required for pass KYC.

[#Darren]

I do not understand so much people complaining about KYC process. It is pretty simple and gets several minutes to complete it, and you are not James Bond that need to hire his identity. If you want to get rewards, pass KYC and relax.

[coinsycrip09]

I do not understand so much people complaining about KYC process. It is pretty simple and gets several minutes to complete it, and you are not James Bond that need to hire his identity. If you want to get rewards, pass KYC and relax.

i think so too.
it's simple, if we don't want to do KYC then just leave it.
indeed we cannot carelessly choose a project and easily give away our personal data.

we also have to choose a project that is really good and very profitable so that we don't waste time following it.

[Bagani]

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

Yup some shitty projects conduct KYC just to steal our information and sell it to the black market but some legit projects conducted KYC just to follow the law on their country so I think KYC is really a must in joining bounties. But I suggest that research about the project and if you saw some red flags then dont do KYC and move on and look for another good project.

[Jolly.Roger]

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

Yup some shitty projects conduct KYC just to steal our information and sell it to the black market but some legit projects conducted KYC just to follow the law on their country so I think KYC is really a must in joining bounties. But I suggest that research about the project and if you saw some red flags then dont do KYC and move on and look for another good project.

Any project uses KYC for its own purposes. Even in the most reliable project, there may be an unscrupulous employee who can sell the data or put them in the public domain.

[seanskie18]

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

Not all bounty projects that required KYC for all the people who participate to the campaign will succeed, KYC is made to prevent fraud and it's like a security precaution. We need to choose smarter on every project we wanted to participate so our time will not be wasted.

[Emilyp]

Kyc for bounty hunters isn't a good idea these guys ain't investors why compel them to provide their personal details. Also most projects are scam looking for a way to steal people's details and se on dark Web for quick cash. I don't advice anyone going through kyc for bounty.

[mr_random]

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

Not all bounty projects that required KYC for all the people who participate to the campaign will succeed, KYC is made to prevent fraud and it's like a security precaution. We need to choose smarter on every project we wanted to participate so our time will not be wasted.

Smarter choices come from the experiences, the other requirements are not important in my opinion. KYC is for the investors, applying the same rules to the bounty hunters will not lead to the fraud-free environment. The bounty allocation is limited and KYC is used by the team in order to prevent the higher anonymous token buy limit.

KYC is not only for the investors like what OP think about it. Years prepare us to be ready for the KYC required situations which can be asked bounty manager or the directly from the team. Realizing the facts will change the look of the box that looks closed for inexperienced bounty hunters. Timing the KYC can be wrong by the team but asking for the extra week from team will be the solution instead of the blaming the whole procedure.

[Caishen_Project]

Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.

[10c]

Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.

Yes - this is a sad reality. Most airdrops just collecting data and sell them on the darknet. I think you better change your passport

[dentolas]

I also won't do bounties that require KYC, it is ridiculous to spread personal information around for peanuts... and with the percentage of failed projects it becomes even more ridiculous...
Another point is that is very rare that the developers submit KYC... so why should investors and hunters?

[MaiQwaN]

Bounty hunters are not clients in the legal definition of the word. They simply do the job of promoting the project as hired specialists in their field. There is no reason to force them to pass KYC in order to receive their payment for work.

[ivaf]

Bounty hunters are not clients in the legal definition of the word. They simply do the job of promoting the project as hired specialists in their field. There is no reason to force them to pass KYC in order to receive their payment for work.

You yourself say - pay for work.
In some countries, regulators prohibit the ownership of certain assets. In order to avoid possible claims from regulators in the illegal distribution of assets, projects are forced to request KYC from all asset owners.

[jajorforce]

Always I have problem with KYC, if it is mandatory to submit electric bill or bank statement in 3 months. No connection to success project if KYC is mandatory or optional. What is about of price which token price is now peanuts, but surged in bullrun.

[nakata121]

Always I have problem with KYC, if it is mandatory to submit electric bill or bank statement in 3 months. No connection to success project if KYC is mandatory or optional. What is about of price which token price is now peanuts, but surged in bullrun.

Some projects that do kyc do apply a number of rules which are sufficient difficult for the participants, as you have experienced, in the fact asking for newspaper bill or bank statements and of course it is very difficult to get those two things in several countries or regions because I once tried asking for letters a report from the bank, but this requires quite a long time.
And there are also kyc who only accept passports and do not accept id cards of course this is also very difficult because many of the bounty participants do not have a passport and only have their country ID card.

[Jolly.Roger]

Bounty hunters are not clients in the legal definition of the word. They simply do the job of promoting the project as hired specialists in their field. There is no reason to force them to pass KYC in order to receive their payment for work.

You yourself say - pay for work.
In some countries, regulators prohibit the ownership of certain assets. In order to avoid possible claims from regulators in the illegal distribution of assets, projects are forced to request KYC from all asset owners.

This applies only to security tokens, and bounty campaigns using this type of tokens were only a few. So there's no legal basis.

[louisBSAS]

Friends, personally am done with submitting my personal information for KYC to any bounty, project or even airdrops. I made this decision after 90% of project that requested for KYC won't make it to exchange. It's so frustrating and disappointing.

KYC is not a good idea for everyone. Not all people from the crypto market participate in bounty campaigns, but everyone trades on crypto exchanges. And I don’t really want to go through the KYC on exchanges, because I don’t know which regulator the exchange will transfer my data to. And why did the exchanges located in offshore need my KYC data?

[martina14]

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

Yup some shitty projects conduct KYC just to steal our information and sell it to the black market but some legit projects conducted KYC just to follow the law on their country so I think KYC is really a must in joining bounties. But I suggest that research about the project and if you saw some red flags then dont do KYC and move on and look for another good project.

Any project uses KYC for its own purposes. Even in the most reliable project, there may be an unscrupulous employee who can sell the data or put them in the public domain.

What if the project team ask KYC and they announce it at the end of the campaign.
Though you will get a huge number of token like a hundred thousand for example.
The project token is already listed in 2 major exchange like KUCOIN and HUOBI with a price of 0.00001543 BTC per token.
Will you do KYC for your tokens to be unlock or will just stick that you will not do KYC? Be real!

[Pamadar]

I have exactly the same. Projects that required KYC did not even enter the market. And I realized that I no longer when will not give KYC for bounty. It's not worth it. Honest projects don't need your KYC.

Sadly say that it's promising for those projects who did not ask for KYC but manage to distribute the rewards and being listed to exchange, participants from that campaigns able to enjoy the value of their works and not to wait for nothing, unlike those projects who collected personal information then after that nothing happened, participants are hanging in the ir without any knowledge if there's still chances to receive anything from the team.