Am done with KYC

[Patrix_1]

There is nothing scary in a simple KYC process. You are not James Bond that needs to secure his identity. However, KYC is a sort of cheating, because if it is implemented after an IEO/bounty to receive tokens, it is definitely a scam.

[1714152607]

1714152607

[1714152607]

1714152607

[1714152607]

1714152607

[1714152607]

1714152607

[1714152607]

1714152607

[1714152607]

1714152607

[Youghoor]

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

You better stop wasting your time joining any bounty projects that promise a huge sum of reward to bounty hunters. KYC is not the determinant of how successful a bounty project will be. You just have to spend some time to do a good research about a bounty project before thinking of joining it. This will help you avoid unnecessary KYCs which are not worth anything.

[DU18]

70% of bounty team and project managers now set kyc as the main requirement to get paid for bounty participants after the project ends, but unfortunately many of these projects have no value at all, and of course the value we get while participating in the bounty project is not commensurate with the data the kyc that we provide, now it is better indeed if we examine in advance how the project potential is, so that even if there is a kyc requirement at least the results we get can be in accordance with what we expect.

[BitcoinHunt3r]

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

Absolutely agree. I believe that transferring your personal information to anyone unknown is very risky, even if you are promised a good profit. Normal promising projects do without KYC. There are other ways to determine if a real account or fake.

For now pick project that actually profitable, or maybe have potential to give big rewards is very hard. And what make it worse, when we think we already joined bounty without KYC (Which not mentioned early) and then when almost paid, they ask people to do KYC. If already work for a months, usually we don't have any choice to do KYC on the project so we can get paid.

[GideonGono]

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

It is normal, I joined to some campaign in half year in just the same way that I also input my information.  A token that I've got was just a four dollar for entire year.  My effort and my time was waste already and I regret for that happen.  I hope that my token, do have any exchange to have value.

[SistaFista]

~
but kyc is done not only to know the customer, but a project has rules where the customer must be really pure, not bot. so I think if you do kyc you have to be careful that personal data isn't stolen because in my opinion kyc is sometimes needed for projects.

Indeed, KYC is like a filter from bounty participants because there were many of them caught cheating the campaign.
There was no KYC rule on the past bounty campaigns, but for the sake of prevent dumping, they need to eliminate the cheating hunters.

[kaneki007]

Now almost every bounty will ask KYC if you want to get a reward, because to avoid multi accounts join their campaign. I think this is normal because it reduces cheating by some users who want to get a bigger rewards from bounty campaign

[White Christmas]

Now almost every bounty will ask KYC if you want to get a reward, because to avoid multi accounts join their campaign. I think this is normal because it reduces cheating by some users who want to get a bigger rewards from bounty campaign

Somehow it is good to have KYC on some bounty campaigns to be fair along with other bounty hunters who are participating with all of their honesty and not using multiple accounts just to earn a big profit and prize on the bounty campaign, but there is also some disadvantage of having KYC because in crypto we already know that becoming unknown is one of the strength of crypto as well as the blockchain so if the users will be able to submit their kyc or personal information then it would be easy to identify the identity of the users which is not good because relevant data about his/her personal may use into identity theft and etc. So personally before I enter some projects that are requiring kyc, I do first background checking in order to know if the project or bounty is legitimate or not, or if I can trust this project to provide my personal information with them.

[sends1]

Yes, I also feel that someone has to do KYC and this project is successful but rarely. Many projects like that with the reason of reduce cheating. I think there is truth too, but kyc for prize hunters is also not true because prize hunters are not investors

[magicrypto]

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

Youre right, some strange and weak projects with zero funding are trying to collect hunters data and sell it in darknet, most of them dont have even any goverment registration of their projects and businesses, they dont need to send any reports, so why they need KYC?!

[shield132]

~
but kyc is done not only to know the customer, but a project has rules where the customer must be really pure, not bot. so I think if you do kyc you have to be careful that personal data isn't stolen because in my opinion kyc is sometimes needed for projects.

Indeed, KYC is like a filter from bounty participants because there were many of them caught cheating the campaign.
There was no KYC rule on the past bounty campaigns, but for the sake of prevent dumping, they need to eliminate the cheating hunters.

Personal Identification documents are needed in some projects, for example for opening bank account, insurance and etc to prove that you are real and it belongs to you in case there is something wrong but today this is messed, I think there must be some kind of regulation on KYC procedure/documents and on companies/projects who collect them. It's legalized criminal activity and even governments push them for that. Our data is hang on and they can play with it as they wish, this situation sucks and needs to be fixed. Hope governments will take care of it cause a lot of KYC documents were leaked and it's not even beneficial for local security in countries.

[EvgeniyLEV]

I believe that verification KYC is necessary. I participate in various ICO and IEO and everywhere is necessary KYC. This is normal and each investor must provide their personal data. In the future, there will be legal regulation in which passage is necessary KYC.

[Jamalkm74]

KYC is definitely needed because of real authentication, Some people use multiple account,and i think all are not required KYC, well we need carefully do that bounty KYC.

[zulfi125]

This is true most of the projects have not paid to bounty hunters and got KYC from them and also not listed even fail to launch their projects, I suggest that don't fill the KYC of every project and before joining you should carefully check and then fill the KYC if required.

[BlackFor3st]

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

Don't ever waste your time submitting all your documents for useless projects in return with few bucks instead find a better project that worth the hustle.
In my case, I choose wisely on what project is worth submitting my documents but if I saw that the return is very little to my expectation then I will not waste my time to them and proceed to other projects.

Be a resourceful person and don't depend to few projects out there that get's your hope down as they will not able to deliver promises like listing in good exchanges and etc. KYC is very popular right now in order to screw up the scammers and etc. but what we don't know is that our details is worth a good amount of money especially if the project owner will be able to collect a huge number of details as they can sell it to other entities that needs it.

[bright4mech]

That is true, i have been experiencing many project that requires KYC for bounty after or during the ICO or IEOs, which is KYC means Know Your Customer, i think we bounty are mainly to support the project to be successful during the Initial Coin Offering or Initial Exchange Offerings. Therefore, i am not longer submitting KYC for some bounty campaign without any reason, because is waste of time.

[Congyang]

sometimes it often happens now, many projects that require KYC but fail / get a low price. I think we should try to be more selective about a project because it involves our personal information

[memed97]

KYC is definitely needed because of real authentication, Some people use multiple account,and i think all are not required KYC, well we need carefully do that bounty KYC.

Sometimes KYC is really needed, and sometimes KYC is not needed, because it will be very fatal if the party or bounty misuse our KYC data for other things, so be careful when giving KYC.

[mamahdedeh]

we must be able to distinguish between kyc which is beneficial and which is not. sometimes kyc is announced at the end of token sale. for me if we give kyc only for a $ 25 gift, I don't think it's worth giving our identity. we can count the losses we bear if bad things happen to us, moreover there are doubts about the potential of the project for the future

[sangjoewara]

we must be able to distinguish between kyc which is beneficial and which is not. sometimes kyc is announced at the end of token sale. for me if we give kyc only for a $ 25 gift, I don't think it's worth giving our identity. we can count the losses we bear if bad things happen to us, moreover there are doubts about the potential of the project for the future

So research is needed before giving anything, including giving KYC, because there are also projects that are feasible for us to give KYC even though the future of the project is not necessarily bright or good.