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Author Topic: Solutions to KYC complain of some Bounty Hunters  (Read 1381 times)
cryptjh
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April 02, 2019, 09:22:41 AM
 #21

I would never give away my KYC to anonymous people who run an ICO, why would anyone do this?

If the ICO want their bounty hunters to do KYC, then I think they should make a deal with an exchange, where they will list their coin, and then only allow bounty hunters with KYC accounts on that exchange to join their bounty!
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April 02, 2019, 09:25:33 AM
 #22

If you do not like the kis procedure, pay the money for what he would do for you. If you are really so afraid. But I assure you the data of all people who have ever bought something with a passport on the network for a long time. And they are afraid that someone will use them for their own purposes is stupid.
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April 02, 2019, 09:26:21 AM
 #23


1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

If the bounty is legitimate then I think there's nothing to worry about when doing KYC. Plus, if the bounty you'll be getting is big. I think it's safe to give info. But, be smart and test the legitimacy of the project.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!
Asking someone to do KYC for you is not that needed. You just need to be smart in order to determine if the project you invested on is legitimate.

dihari
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April 02, 2019, 10:04:42 AM
 #24

Fyi most of bounty management that asking for kyc to join bounty task is not about money circulation or investment, it is totally to avoid cheating of multiple accounts that run by one person. By doing kyc, it will clearly make clean participants and real human joining their bounty.
I personally will never join any bounty that requires kyc. I don't know why, but sending my personal ID and selfie to someone I don't know in the internet is something weird for me. Except I do some investment or maybe on crypto exchanges.

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April 02, 2019, 10:38:45 AM
 #25

Doing what you said on number 2 is kind of illegal because you are trying to buy someone's identity. If you find a person that is willing to do it for real it will surely cost you a lot of money, and we are talking about fiat here or you will probably get scammed because they will use some fake identity to complete that KYC. So best recommendation is either complete KYC yourself or don't join any project that requires that.
Karlinz
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April 02, 2019, 11:05:41 AM
 #26

Unfortunately, KYC requirements do no longer determine the genuineness of a project, the best advice is if you are not comfortable with submitting your details for KYC on a particular project, you simply ignore it. There are hundreds of projects that do not ask for KYC details from participants. Personally I am very selective and seldom join in are one that requires KYC

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April 02, 2019, 11:08:32 AM
 #27

Some are indeed KYC needed for bounty hunters. And some are not. Like the Bcnex project, all bounty hunters are required for KYC. Maybe with the existence of kyc for bounty hunter is to avoid people who use many accounts. But actually I have no problem with Kyc. If it's not too difficult, I'll do it. But if it is difficult to do KYC it will certainly make it difficult for the bounty hunter.

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April 02, 2019, 11:13:41 AM
 #28

For those bounty hunters complaining about this KYC thing, better for you to get out of bounty. Bounty managers are asking KYC for them to minimize/eliminate the cheaters on the bounty campaign they are running. So if you still complain then i think you are one of those cheaters that have multiple accounts.

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April 02, 2019, 11:17:33 AM
 #29

Not entirely for crypto. before buying crypto you better know what crypto is and how crypto works so that it can make a profit. Many fail because they don't care about the coins they use as investment or trading. I have tried the exchange called CoinSwitch
Trade 300+ coins without creating an account and NO KYC is required on their exchange.You may please create an order for small amount.  if you face any issues in order creation or completion their team is available for 24*7 to support.Once you are satisfied with their service, you may then create orders of larger amounts. Their team is very friendly and helpful. Through their exchange  users can access the crypto-markets.
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April 02, 2019, 11:43:05 AM
 #30

We should definitely need more bounty campaign with escrows, as it will solve the trust problem between the developers possibly scamming the bounty hunters or adding KYC at the end of the campaign so they could keep most of the coins from bounty campaign.
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April 02, 2019, 11:47:29 AM
 #31

I do not think that KYC is bad, but I still do not want to send my personal data to any company. I believe that this procedure is necessary for investors.

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April 02, 2019, 11:51:40 AM
 #32

My solution is not to participate in most bounty campaigns that want KYC. I only agree with the bounty campaigns which want KYC of the bounty managers I trust. I prefer not to participate in other KYC bounty campaigns. Because I don't think it's right to give my credentials to a fairly new project.
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April 02, 2019, 11:57:31 AM
 #33

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

Wow, thank you genius.

1. Bounty says, no kyc and at the end they ask for it? And your whole rubbish system is down.

2. Why should someone get paid with my job.

3. Read 1 again.

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April 02, 2019, 12:15:44 PM
 #34

It is nothing strange is undergoing a KYC process. If you have nothing to hide, it takes several minutes and you will get your rewards on time. The only thing is that if a KYC is announced after the TGE, I would have some questions.
dolores13
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April 02, 2019, 12:45:05 PM
 #35

Stop promoting ICOs and giving your IDs to some unknown strangers on Net , ICO owner don't do KYC and ask investors and bounty hunters for it , such irony....
ICOs are just easy money grab and it already proven in 99% of ico projects , they just make crypto sphere look ugly in eyes of new comers and public
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April 02, 2019, 12:58:08 PM
 #36

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

I have never joined a bounty campaign where KYC was mandatory. But then there were some cases in which the KYC requirement was initially not there and then the bounty manager added it just before the bounty payout. And I am not very sure with step #2. It would be really difficult to find someone who is willing to undergo the KYC process for you. And it will destroy the whole purpose.
Exactly, I have experienced the same thing. After the program has started they begin to impose KYC on us..
It's completely unfair. Paying someone to carry out KYC is also not an option.. In a market where you are not even sure of the success of the project

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April 02, 2019, 12:58:28 PM
 #37

You are encouraging people to do crime. It's a clear crime and you can be punished for doing so. Using fake KYC may also get you related with more international crime. I think people who are not wanting to share identity, they should ignore it.

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April 02, 2019, 01:10:38 PM
 #38

Just don't join in bounty campaigns that requires KYC if you want your information to be safe.

Unfortunately, there are some bounty campaigns that will only requires KYC when the distribution of token happens which is another form of cheating to the bounty hunters. This is the disadvantage of the bounty hunter because their time will be wasted if incase the team will require KYC to get the bounty tokens.

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April 02, 2019, 01:12:19 PM
 #39

As you know every ICO are demanding KYC for investors and also for bounty hunters, so kyc should not be for bounty hunter and if kyc than should be easy.

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April 02, 2019, 01:14:29 PM
 #40

Here are my solution to growing complained by the bounty hunters regarding KYC.

1. As we all know KYC by its definition. We all know that we aren't obliged to do so. Since no fiat or investment we did to get the tokens which solely the purpose of KYC to monitor the funds ans circulation of token during purchase. Don't comply and don't join bounty with KYC! Simple as that.

2. If youre afraid of KYC asked someone to do it for you and gave him funds in return. I think this is happening on some cases ( But this is form of cheating)

3. Read again step 1. If youre still have complain and still want to join that particular bounty and you are really a nutcracker!

Though we as bounty hunters are not directly defined as customer s, but in a sense that we are holders of their tokens. Then that would presume that we are also customers holding their product. Which in my opinion, KYC is a strategy of the project owner to avoid multiple account on their bounty programs.

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