KYC for Bounty. Why do it?

[shaheer001]

KYC is good practice but for bounty hunters there may be simple as only to avoid scammer and duplicate entries. Like mobile verification, email verification and bitcoin forum verification, Not demand for documents like National id card etc.

[1715027402]

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[ub27]

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 believe the essence of KYC for any project is to give its clients the assurance that it is a legit project while some also use it as a means to curb out multiple entries for bounty hunters

[Taufik blackspade team]

KYC is good practice but for bounty hunters there may be simple as only to avoid scammer and duplicate entries. Like mobile verification, email verification and bitcoin forum verification, Not demand for documents like National id card etc.

is there a KYC like that for the bounty project? looks simple and not difficult. but that's not what the developer wants. really makes it difficult for participants who join many accounts to claim their reward, that is their goal. it will not work 100% because some can definitely do KYC with other people's data.

[iyah adrian]

The reason I usually meet, why prize hunters have to do KYC.

• To avoid fraud in bounties or people who use multiple accounts.
• It was required from the start by the project. Even though we are not investors.

For all these reasons, the reward hunter's response is certainly different for KYC. Some agree and some don't. As long as you are comfortable doing it, then do it.

[akram143]

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.

Asking for KYC is about the project teams requirement I don't think they ask KYC just because their government needs it.

[Ta.Form]

They do it to reduce cheating in the bounty campaign. For me, it doesn't matter, as long as they don't complicate it. There are still many prizes that make it difficult when we want to upload KYC, to delay the distribution time. And again, they accuse our identity is edited. That's what I can't accept.

[Ken_terrance]

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.

As much as i hate to submit my I.D to any form on online verifications ive come to realized that KYC for bounties is not that bad like many thinks it is,it helps get rid of scammers and spammer but where my doubts lies is if the submitted I.Ds are safe,no darkweb sell out?i heard about it alot and its scary

[bastian466]

Doing kyc for token sale isn't bad, but I really see no reason why there should be kyc for hunters. Hunters are there to promote a project, they work for the company and should get paid. Almost not to exceed bisect, the bounty should be capped that using kyc to cut hunters of.

It's clear the use of KYC for hunters to reduce the fraudulent use of multiple accounts.  if someone does not fill KYC the responsibility itself will not get paid, in fact I also do not agree with it but with project regulations certainly would have to be obeyed

[cabron]

Doing kyc for token sale isn't bad, but I really see no reason why there should be kyc for hunters. Hunters are there to promote a project, they work for the company and should get paid. Almost not to exceed bisect, the bounty should be capped that using kyc to cut hunters of.

It's clear the use of KYC for hunters to reduce the fraudulent use of multiple accounts.  if someone does not fill KYC the responsibility itself will not get paid, in fact I also do not agree with it but with project regulations certainly would have to be obeyed

Bounty hunters has a way to avoid getting caught with multiple account, its always easy to submit someone else documents.

The reason for them to also ask KYC is that whoever owns the tokens be bounty  hunter or an investors, they should be treated as holders who has to have records. Sooner all of them will compare all these data to filter all those cheaters. Hope not lol

[herurist]

Doing kyc for token sale isn't bad, but I really see no reason why there should be kyc for hunters. Hunters are there to promote a project, they work for the company and should get paid. Almost not to exceed bisect, the bounty should be capped that using kyc to cut hunters of.

It's clear the use of KYC for hunters to reduce the fraudulent use of multiple accounts.  if someone does not fill KYC the responsibility itself will not get paid, in fact I also do not agree with it but with project regulations certainly would have to be obeyed

Bounty hunters has a way to avoid getting caught with multiple account, its always easy to submit someone else documents.

The reason for them to also ask KYC is that whoever owns the tokens be bounty  hunter or an investors, they should be treated as holders who has to have records. Sooner all of them will compare all these data to filter all those cheaters. Hope not lol

We must obey the existing rules, KYC is the best solution to avoid scammers, because now many bounty participants who are blind can be scammers.

[globalking]

no, I don't like bounty programs asking for KYC if I am an investor that it is ok for bounty hunters I think there is no need for it many lose they reward because of KYC.

[dabenko]

Project team or developers know why they introduce KYC. Bounty managers may sometimes tell them to impose it on bounty hunters, in order to cub cheating, because it will be difficult for one person to use different identities to pass KYC. Although, some people use fake documents to pass KYC which sometimes makes KYC not to be an effective way of reducing bounty cheat.
However, I see no legal backing that compels bounty hunters to do KYC.

[icekohl]

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.

Yes, it is a way to filter out cheaters with multiple accounts. In addition, projects in some countries are required to strictly adhere to AML regulations, so KYC is required for anyone who owns their token, not just investors.

[Winscosinally]

KYC implementation is the perfect solution to deal with many cheaters and scammers that wants to use stolen identities or multiple accounts thats why i dont go against KYC but it would have been easy if KYC users data are safe but to me its not,we are in a world where your identity can be easily get stolen

[danherbias07]

It might be a country restriction or for their company to keep on going.
There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.

[Mila52]

It might be a country restriction or for their company to keep on going.
There are rules that needs to be followed. One example is Singapore which is steict with it.
Any company listed to them must know who they are giving the money with. Crypto currencies remember?
You became like an employee of them once you started joining the bounty.
It is a mandatory of each company. If you dont like it then you could look for another without KYC.

I understand the goals of the bounty manager to initially exclude bots and scammers by announcing the KYC at the beginning of the bounty Campaign.But when the managers introduce the KYC before the distribution of tokens, I think this is unfair. This is one way to reject documents and not pay the hunters what they earn.Unfortunately often this happens in successful projects.

[Ferris419]

Recently, one guy confessed that he joined in a signature campaign with his 22 high-rank accounts! So, the project goes to verify their real supporters through the KYC! This is not that bad, rather it can help other people to get a better reward! If you don't like the project then avoid doing their KYC proceeding. This is the safe way I feel!

[Danslip]

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.

For preventing the bounty abuse, bounty managers are preparing the bounty campaign rules strictly. There are fixed token allocated campaigns which look for loyal bounty hunters. Without KYC it becomes a easy to cheat and multiple alt accounts  appear one by one on the spreadsheet. Bounty hunters hesitate to pass account verification procedures due to  the mentioned reasons, every failed KYC is big plus for the marketing teams of crypto projects. Some CEOs decide to implement AML/KYC in order to show their well planned terms and conditions as a strong team.

[Jannyh]

Whatever be the case , I really see no reason why bounty hunters should be subjected to go through kyc, first, they are not participating in the token sales, secondly they are only promoting the project and as such be treated well. They spend their time promoting a project, at the end they deserve being rewarded.  Moreover one should be careful over identity theft. Most projects that have paid hugely never requested for kyc from bounty hunters.

[flemmings02]

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.

Bounty projects can require users undergo KYC for several reason, either it is legal requirement they have to do or it is a way to stop irregularities from bounty participants.