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Author Topic: KYC Requirement for Bounty Managers before they require KYC to bounty hunters.  (Read 10184 times)
Nezerlan
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April 18, 2019, 11:39:01 AM
 #81

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

I wonder why it is so difficult for devs to understand this. We are not investors and as such we should not be forced to perform kyc before getting paid. They need to know this and stop coercing us into it as it is unlawful

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April 18, 2019, 12:27:01 PM
 #82

That is very good, but sometimes KYC is directly on web project itself, Bounty Manager is just a teller. But if there is a form like from a Google document, we have right to ask to original project team, that, is that true?
This what I believe, I don’t believe that asking Bounty \Managers any KYC would solve any challenge, anyone asking should tell me exactly what the KYC requirement from bounty Managers will really solve.

We really need to learn not to divert our attention, this is why many of us fail to achieve some things because we don’t set our priority right, we were already on a path to push for KYC to be done too by project team, we are yet to achieve this, we are picking again on bounty managers, we are even still yet to stop these projects from requesting for KYC from hunters.

I don’t see any different between Bounty Manager and Hunter, they are also hunting too, just that they get to lead us.
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April 18, 2019, 12:31:22 PM
 #83

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

We now have two things to watch out for, first if the ICO is legit  and will succeed in their ICO, because either way, you will not get rewards for 3 to 6 months campaigns, second if they change the rules from not asking KYC before the start of the campaign, to now asking KYC after the ICO is finish.

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April 18, 2019, 01:57:34 PM
 #84

I think that' fair enough. That would ensure that bounty managers would not allow just random, shady campaigns to start without them making thorough screening first. And the bounty hunters would have something to hold on to if they don't get paid or if the bounty ended up as a scam.

 
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April 19, 2019, 11:08:54 AM
 #85

I don't think bounty hunters can oblige managers to do that, they can only do this for the project that they are working with but not for bounty hunters, it's on their agreement with the developer where they are working with, it's a business to business agreement, something that we bounty hunters have no access to.

Yeah but this is a bit unfair for regular hunters like us. They are also bounty hunters but their level of task is quite harder since they are the one managing the campaign and working as a bounty manager. But if you are the BM of certain project, would you give your info to the management? Better think twice!

I can see the frustrations of many hunters about KYC and they have reason to do so, since no money was involve in doing bounty and hence we are not investors.

But the OP is so harsh towards BM, its the project that imposed KYC not the BM.
I understand it is unfair to regular bounty hunters, but their little they can do, it is just like the captain of a class in a school, for the fact that he is a captain doesn’t exempt him from following the rules of the school, the only difference between him and his class mate is just that he has been delegated to control things but not formulate policies.

Bounty managers are not the ones formulating these KYC requirements but rather project developers who gave them the project to manage and I think they don’t have much influence over their policies. Although they can advise against it, but it is left for the developer to take it or not and not obliged to do so.
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April 19, 2019, 11:18:36 AM
 #86

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
I do not think you have actually found out the reason why some projects do want KYC for everyone including the bounty hunters. Before I explain further let me inform you that most time. It is not the bounty manager that makes it compulsory for hunters to do KYC but the dev team themselves. Now the reason while some project do make it mandatory is because of the financial rules and regulation of the country where the business is registered and irrespective whether you invest or you do not, everyone will be required to complete KYC verifications. Although some project have turn things around and use this KYC project to reduce amount of token that is being distributed to hunters.
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April 19, 2019, 11:21:58 AM
 #87

I don't like the KYC actually. However, I would also like to congratulate the managers who tell the that KYC is required at the beginning of the bounty. Because i think, it is a very helpfull to learn at this information the very beginning. And I join the the bounty campaigns which the want KYC of the managers which i trust. Because I don't think a project that those managers trust will distribute my id information.
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April 19, 2019, 11:57:52 AM
 #88

This is the most fair remark for all ICO projects, as well as for IEO
Currently, with such an offer,  bounty chat admins can easily remove you from the group, and this is bad.
We need to change this trend!

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April 19, 2019, 01:42:31 PM
 #89

I don't like the KYC actually. However, I would also like to congratulate the managers who tell the that KYC is required at the beginning of the bounty. Because i think, it is a very helpfull to learn at this information the very beginning. And I join the the bounty campaigns which the want KYC of the managers which i trust. Because I don't think a project that those managers trust will distribute my id information.

Yes, A responsible Bounty Manager announce KYC requirements for all participants before starting the campaign and this should be the standard for all bounty managers so less surprises when it comes to bounty payments distributions.


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April 19, 2019, 01:54:21 PM
 #90

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

You have a valid reason but they kept asking them and the worst part is they change the rule from not asking to now asking it, because they want to save their token and they want limited number of bounty hunters to get their token, all they want is free marketing I don't trust this kind of ICO.

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April 19, 2019, 02:27:21 PM
 #91

I don't like the KYC actually. However, I would also like to congratulate the managers who tell the that KYC is required at the beginning of the bounty. Because i think, it is a very helpfull to learn at this information the very beginning. And I join the the bounty campaigns which the want KYC of the managers which i trust. Because I don't think a project that those managers trust will distribute my id information.

Yes, A responsible Bounty Manager announce KYC requirements for all participants before starting the campaign and this should be the standard for all bounty managers so less surprises when it comes to bounty payments distributions.
That should be standard but there was a lot of managers didn't even give any announcement regarding it, only some trusted developers were giving an announcement about the possibility of KYC procedure to complete all of the requirements.

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April 19, 2019, 02:33:06 PM
 #92

Kyc for bounty hunters is unnecessary.Following rules and regulations and law is good. And there is no denying it. But i am not a very big fan of KYC in general. It negates the whole point of crypto currencies. Cryptos main advantage was anonymity and KYC is just totally opposite to it. But anyway if the laws says that KYC should be implemented, then it should be implemented.
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April 19, 2019, 02:38:26 PM
 #93

That should be standard but there was a lot of managers didn't even give any announcement regarding it, only some trusted developers were giving an announcement about the possibility of KYC procedure to complete all of the requirements.
some of the floaters and managers also do that, we can trust and do KYC if the project that is followed really has the potential for success. I think it's still fair for bounty, but I don't think it's necessary to airdrop with KYC.

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April 19, 2019, 03:32:01 PM
 #94

I agree with you, Bounty hunters should not pass KYC, but if the team requires Bounty participants to pass KYC, Bounty Manager is just telling this info to the hunters.
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April 19, 2019, 11:11:08 PM
 #95

Asking bounty managers to do kycbis not really enough, compared to making the team of the project itself to do kyc and the community has to be aware of it.
As a matter of fact, after all said and done,  bounty hunters should not be asked to do kyc.
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April 19, 2019, 11:35:17 PM
 #96

Or you can just not join the bounty program. If a project looks suspicious why would you join their campaign anyway

 
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TimeTeller
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April 19, 2019, 11:47:38 PM
 #97

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.

I don't think bounty hunters can oblige managers to do that, they can only do this for the project that they are working with but not for bounty hunters, it's on their agreement with the developer where they are working with, it's a business to business agreement, something that we bounty hunters have no access to.

Exactly. And the kyc requirement is not coming from the bounty manager, it is from the project itself.
Though you are not investor per se on their platform, but as a holder of their token, I believe you are included to follow the legalities where they are being licensed to operate.
Bounty manager has the prerogative to accept such campaign, it depends on many factors such as payment scheme, the authenticity of the project, the scope of work, and many other things.
And if the bounty manager accepts tokens as payment for his services, then, I believe he will undergo the KYC stuff also. It's not our business to ask that anyway.
So if a bounty hunter is not comfortable sending his identity to a project, better read the rules before joining.
coinluisa
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April 19, 2019, 11:57:19 PM
 #98

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
I think it alright that bounty managers do kyc first but let's think that the success of the project or bounty is not basing to the bounty managers. They also work for every project, the team is the one who will do their best to make their project successful. That's true we need to be very careful to give our identity we need to be sure that the project is really good and worth it.

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qomariah95
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April 20, 2019, 12:56:07 AM
 #99

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
What you say is true. We are actually not investors but only bounty hunters. But I can do KYC and it depends on the project. For example, I did KYC for the Bcnex project. Because in my opinion Bcnex Exchange is a project that really exists and is good. Therefore I immediately did KYC before participating in their bounty program.

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April 20, 2019, 12:57:50 AM
 #100

I feel like it's not fair for bounty hunters to submit KYC when joining bounty campaigns because we are not an investor. We will never be involved with any anti money laundering because we don't invest with money but with TIME and Effort instead. Personally I'm NOT very comfortable submitting my ID's for the simple reason that these are startup companies and we don't even know if they can be trusted.
I think it alright that bounty managers do kyc first but let's think that the success of the project or bounty is not basing to the bounty managers. They also work for every project, the team is the one who will do their best to make their project successful. That's true we need to be very careful to give our identity we need to be sure that the project is really good and worth it.

I dont think bounty manager have relation with developers team. Bounty manager mostly only manage the bounty campaign, not the project or payment. I think sometimes bounty manager scammed by developers team because its scam ICO. If the project are good, i think hunters will getting his payment
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