KYC for Bounty. Why do it?

[timX5]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

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[nxnqauff]

Why do some projects do KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

Its a good way to eliminate duplicate entries, scammers, etc.. Project team claims this when they go for KYC especially for bounty hunters.

[oxgroth]

To sell your personal data in case of bad token sales

[albon]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

I think that some of the projects that are asking for KYC want to block multiple accounts of people who want to break the rules of the bounty campaigns, But what if the project which asking for KYC is a scam project that wants to collect participants' documents and sell them or for any other reason, Really if these personal document fall into the hands of criminals, this is not good, But how can Project Managers prevent cheating in the bounty?

[swiftbits]

Why do some projects do KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

Its a good way to eliminate duplicate entries, scammers, etc.. Project team claims this when they go for KYC especially for bounty hunters.

Aside from that, I think projects do use KYC for their future promotions by using their information, to target a demographic and gain more engagements. KYC is such a good way to help a project but for bounty purposes, I don't really think it's needed, when some of them won't even get you a huge value of tokens.

[nutriagrigia]

I think that basically KYC for bounty hunters exists because they do not want to pay to bots. a lot of people scam in bounty campaigns using a large number of accounts for one person

[thiscomm]

I think KYC is really needed in a bounty program, of course their goal is to know that the account that follows their bounty program is not a robot and indeed someone who can think well. Another goal is to make a transaction at the end of the bounty later, and besides to be able to know all the profiles of the account holders so that there is no case of money laundering or theft in the process of developing the ongoing bounty program.

[Coyster]

I think this is a sign of a dishonorable project that wants to deceive bounty hunters.

It is not in any way so, but that's not to say that projects that request the submission of KYC are legitimate and cannot be a scam(obviously they can).
What we are made to understand is that such projects use such information to checkmate the possibility of bounty hunters trying to get in with more than one account, to increase their income, so unless such individual can in any way forge two identity documents(which is almost impossible),then they've curbed that menace.

But on another hand, submitting such private documents are highly risky and it can obviously get into the hands of fraudsters, that's why it's better not to give out such documents.

[ivaf]

Yes, this is not a sale. But you become the owner of tokens. I think that the KYC is asked to go through to remove possible questions to the project from regulators.
It is possible that this also makes it possible for the project team to verify that real people, not bots, are participating in the bounty.

[Alisha FR]

I think KYC needs in giving are caused by several things, one of which is that more and more scammers, second, KYC is also important to support distribution coins in many countries, third, to support project development programs, so KYC is also needed for bounty campaigns.

[herfie.chen]

I don't know the reason the project applying KYC for bounty, some people agree but some people not. KYC it is the best way to reduce user with multiple accaunt.

[rincoeng1986]

I myself am still confused, but I think this is related to a regulation only if bounty using KYC is a bit troubling, especially if the data requested is very much and also if we do KYC we don't necessarily reward our bounty equivalent to KYC

maybe this is one solution to prevent forms of fraud that can be done by bounty participants and I think this kyc is not 100% able to successfully prevent such fraud and which is now being questioned by bounty participants, is it safe the kyc data we  sent so far to the team the project?

[Marnihughes82]

I think this is their request. We may not participate if you don't want KYC. I think this way will limit many bounty hunters to join multiple accounts. Although not thorough, it is a good way

[MbakNarti]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

To prevent cheaters using multiple accounts while joining bounty, I have no problem with KYC if the project is legit. They do KYC that means they only want to pay honest bounty hunters...

To sell your personal data in case of bad token sales

LOL
Hate to say, but is true... 

[Krabby]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

To prevent cheaters using multiple accounts while joining bounty, I have no problem with KYC if the project is legit. They do KYC that means they only want to pay honest bounty hunters...

To sell your personal data in case of bad token sales

LOL
Hate to say, but is true... 

Surely that is the truth. Most bounties now fail, and they will sell everything to get money. I have KYC a lot of bounty and my information is constantly being disturbed. My email has a lot of spam, and my passport may have been sold

[pawanjain]

For the most part, it is implemented to eliminate the scammers who participate through multiple accounts.
Also, it is used to verify the person's identity and that the person is a genuine being and not a fake identity.
Although this is not so relevant to bounty, KYC is also used in cases where the person is involved in criminal or illegal activities (most often to fight terrorism).

[gunhell16]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

Why not to do it if it is required?
What i dont want is that the team is not telling that they have KYC at the first day of bounty program.
It is normal for the team to ask for KYC so they are safe for the restricted persons of a certain country which is not allowed to acquire the tokens.

[Muzika]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

When it comes to international law the team really need to comply with it, but for the bounty hunters they see it as another kind of scam. Maybe when the bounty campaign launch and the rule of KYC are there you can trust it but after the campaign they will announce the KYC procedure that is the time you need to think twice.

[Dpat]

Yes, this is definitely true that why we provide and comply with the KYC as a bounty hunter. As, the project creator self invited to the bounty hunter to promote for it's project through the various mode and it is self benefited by the bounty hunter. So, I think to get the reward which they deserve do not require to fill any KYC.

[coin-investor]

Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.

This is just my opinion, bounty hunters should not have to undergo KYC, they are not investors and they only get a very small portion of the token, majority of bounty hunters, are only getting $5 to $15 worth of their token, these are bounty hunters coming from social media campaign, because there are too many participants, some campaign reached over 10000 of participants in social media campaign especially if the project is good I used to participate in a Facebook campaign and I only got $10 worth of their token after two months of campaign.

Some claims that it's because of cheating by having multiple accounts, some bounty hunters are caught using multiple accounts, because it's easy to fake credentials, you can even a pay people to lend their credentials, KYC is not a guaranty that bounty hunters will not participate using multiple accounts.