Solutions to KYC complain of some Bounty Hunters

[Akoldi_ibk]

That's indeed, but i think any ico that interested to implement KYC verification must need to give awareness when they are creating a bounty announcement. this to avoid there will be a lot of cons with the participants if they didn't know that will apply KYC.

I think this is the only solution — any ICO that wants to implement KYC should state the requirement from the beginning and not in the middle or at the end of the bounty program when hunters have laboured so hard. Then if there is need to implement it where it was not stated from onset, I think the DEV and the hunters should agree on a way around it and not necessarily force the procedure on hunters where a lot end up losing their rewards.

[1714883470]

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[burky156]

Yes I agree with the first step. For those who are afraid to do KYC maybe they have some agenda or did something. I know how sensitive KYC is and we shouldn't not let give our details so easily. If you dont want KYC then, dont participate on the campaign. No one is forcing you to join hence find one without any KYC simple as that like the OP said.

Yes you are telling the right thing but what if the project haven't ask for KYC procedure at the beginning of the bounty campaign but they asked you when the campaign ends? Unfortunately they wouldn't send the bounty tokens if you don't send your KYC. So they are using the bounty hunters the ways that they want and it is something very very bad..

[Ezenwanyi1]

It's not as if bounty hunters do not know nor understand the meaning of kyc or what it entails ,the issue here is that the rewards from this projects are not much, some are even as little as $20 and requesting kyc of a hunter over $20 is not fair.

[baigreen]

It's not as if bounty hunters do not know nor understand the meaning of kyc or what it entails ,the issue here is that the rewards from this projects are not much, some are even as little as $20 and requesting kyc of a hunter over $20 is not fair.

You consider yourself the smartest and you know everything. Vyogoda not determined by the instant live on the project. So compare it with $ 20 is not worth it. Your personal data has long been online. And all who need them easily take advantage. Just this procedure does not give any guarantees.

[Korkorjkk]

I'm even tired of KYC, by now my information has been used by a lot of projects for their own rewards and I never had a share of it. I have decided not to take part in projects that need KYC before payments are made.

[Bttzed03]

Yes I agree with the first step. For those who are afraid to do KYC maybe they have some agenda or did something. I know how sensitive KYC is and we shouldn't not let give our details so easily. If you dont want KYC then, dont participate on the campaign. No one is forcing you to join hence find one without any KYC simple as that like the OP said.

Yes you are telling the right thing but what if the project haven't ask for KYC procedure at the beginning of the bounty campaign but they asked you when the campaign ends? Unfortunately they wouldn't send the bounty tokens if you don't send your KYC. So they are using the bounty hunters the ways that they want and it is something very very bad..

I think most of the complaints on KYC are not those bounty campaigns who already set that rule at the beginning of the campaign but from those who require it at the very end. Most hunters do not want their bounty rewards to be held hostage and be forced to undergo KYC procedure to claim their due reward. Even if there is that rule that "we reserve the right to change the rule......" clause, that should only cover changes in bounty allocations and not add rules such as KYC and exchange voting.

[wxxyrqa]

I'm even tired of KYC, by now my information has been used by a lot of projects for their own rewards and I never had a share of it. I have decided not to take part in projects that need KYC before payments are made.

I fully agree with your opinion, since it is already a statistic that all projects that are forced to provide passport data cost nothing. They either do not pay out the tokens, or give the tokens to the Bounty company altogether, and then disappear completely from the sight of all users of cryptocurrency.

[South Park]

maybe the kyc system for bounty hunters is a pretty good thing, at least it can reduce a little cheating.
you can imagine if someone has 5-10 senior accounts and then enters into 1 bounty project then if he is lucky he will get more tokens than the investors who bought

You are only thinking about the possible benefits of know your customer policies but you are not thinking about the real world consequences of what happens when things do not go as expected, when most of the projects in the market are scams then there is a real risk that whatever information that you send to them is going to be stolen and sold on the darknet, are you willing to risk your personal information just to earn a few dollars? Because that is the risk that you are taking if you do that.

[sertans]

This will be not a simple solution because huge amount of project is also changing the rules while they are doing token distribution. Even you check it does not need any KYC, it can be changed easily.

[newdevices]

the solution for bounty hunters who don't want to do KYC is actually very simple, the solution is enough to follow bounty that does not require KYC, indeed most bounty now need to fill KYC but you can still find bounty that do not require KYC, all choices are yours

[davinchi]

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!

I believe that KYC should be for those who bought the tokens with their money, and not for bounty hunters. Why I said it should be for rthose that tokens with money is because with the KYC they will be able to check the sources of funds that were raised during the token sale. But, I’m against bounty hunters doing a KYC. So as a bounty hunter, the best you can do is to avoid those with KYC. There is no need for the second point op has made, cause you might pay someone to do the KYC and at the end you won’t benefit from it, and it is also cheating to use another person’s info.

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)

There is really no need for this second point, the first point is what I’m agreeing on. If you don’t want to give out your info for KYC then you should simply not go for ICOs with KYC. And most of them with KYC are even scam, they never pay you for the work you do and they will also make use of your information that you’ve given to them. So, you should simply avoid them.

[BlueStackz]

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!

What you're saying is true. And what is the solution for projects that want KYC when the bounty campaign is over? Because they did not want kyc at the beginning of campaign.

I truly don’t know too, there is this project that I participated in then called AFCASH of Africunia Bank, I was surprised too that they didn’t ask us to do KYC from the beginning until after ICO has ended and they were about distributing tokens which was even for hunters.

I really don’t see sense in any of these policy, this is why we are not moving forward because of too many competition in this crypto investment, once one project hears that the others are doing something, they all tend to do the same without first checking if it is necessary or not. Why we are then in a decentralized system, if they still do all these things found n a centralized system.

[DarkEagleMan]

Personally, I am in favor of the KYC process, because it has arisen as a result of greater regulation on the part of the competent authorities to avoid the large number of frauds that had been observed in this nascent market. I think that anyone who is interested in doing things seriously should not oppose this simple measure. Perhaps the most opposed to it are cheaters and multi-accounts, because if you do not agree with this measure, you are not obliged to participate in such a bounty.

[pacman7331]

Almost every bounty and ICO projects asking the KYC! So, by ignoring KYC, it will not be helpful! I think! KYC is not bad at all, it is a procedure to avoid the scammers or abuser of bounty! If someone avoids a good bounty because of KYC, then I would say him not to do bounty at all!

[AngelOnCrypto]

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)

This is a serious crime in most countries and I don't recommend it. Using ID mules can get you in trouble.

[Corer]

You made a solid point here, if you can't do KYC stay off the bounty  buy have also come to understand that some BM are now fraudulent  by imposing KYC after bounty has ended which to me isn't right

[mayukus4life]

Know Your Customer (KYC) as it is known is not a bad idea though but it literally affects the anonymous mode being canvassed by cryptocurrency as a decentralized distributed ledger system where information are not visible to everyone. Though in some cases regarding bounties, it’s applicable to curb cheating and inasmuch as that they should be a way of remaining anonymous for security reasons to avoid stealing of participant’s records for gains other than what it’s meant for.

[Sundaey]

Filling a KYC form is quite easy and i think people should always believe it is voluntary and not mandatory especially in investing, you have to complete KYC only if you are willing to buy. And another thing is that bounty of these days have also been stating it clearly in any bounty if its going to involve KYC or not. So let just keep it low off this forum

[TheHas]

The main concern of many bounty campaign managers is multispam accounts. Kyc gets around that.

Maybe there is a less intrusive way to do Kyc. For example if the project does an IEO instead it can use the exchange's checking process to make sure there is only one real person per account. Telegram helps too but isn't as robust.

Also all the bounty hunters acting like someone owes them something need to wake up - a project doesn't owe you anything if you're just spamming - and bounties are completely optional!

[dipeco]

You just should not try to cheat the system. There is nothing complicated or strange in passing a KYC and everybody is capable to do it. Be honest, verify your identity and get your rewards. Nothing can be easier.