KYC for Bounty. Why do it?

[anjho.ace]

Why not do it if it is requirements to have the payment?
If the investors made the KYC then why bounty hunters not?
This is the way that the team secured the safety of them from some people who is a citizen of a restricted country!

[altscaner]

I myself am surprised at this time, even though in the past KYC was completely unnecessary, but now to take part in the bounty, most of them must have kyc even funny requirements, even though the rewards are only counts - tens of dollars are still KYC and now I only choose Bounties that don't do KYC although it's a little difficult to choose it but it's better

[trust7]

I myself am surprised at this time, even though in the past KYC was completely unnecessary, but now to take part in the bounty, most of them must have kyc even funny requirements, even though the rewards are only counts - tens of dollars are still KYC and now I only choose Bounties that don't do KYC although it's a little difficult to choose it but it's better

I also choose from those projects where it is not necessary to pass KYC. I don't want to go through it. But who thinks if there is KYC, does it guarantee that the project will pay something?

[ra_pl]

It is necessary for a project to require kyc. In a situation having a participants cloned your details. I was a victim of someone clone my details the bm disqualifies me, i sent the bm a message and he said a kyc process will prove if i was the owner of the account.  In my opinion it's safe for a project to require kyc.

[passwordnow]

They have many measurements why they do that. To prevent cheaters and also to comply what does the local gov't requires them to do so. At first, you may think that it's unfair for the hunters to do KYC but it's your choice not to participate if you think that it's unfair.
But IMHO, this isn't worth the identity that you're going to send them because there were issues that identities are being sold on the black market and this can be one source of it.

[pixie85]

Kyc is the best way to stop people doing multiple accounts, there are alot of greedy hunters in crypto space, without kyc hunters will keep flooding bounty spreadsheet with multiple accounts.

You can find out if somebody is abusing the campaign by checking the posts addresses and other things. It's not that hard there are hundreds of exposed cheaters in reputation threads. KYC is not the best way to do it but a lazy way.

You can also cheat KYC with stolen IDs that you can buy online but if you are an honest person you are risking your identity to be revealed in the Internet sold or leaked.

[ULatmirah]

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?

implicitly, they want us and them self to believe that bounty hunters are the ones who dump the coins' prices, which is it is not true.
who's scammer..?!?

[Twinkledoe]

Kyc is the best way to stop people doing multiple accounts, there are alot of greedy hunters in crypto space, without kyc hunters will keep flooding bounty spreadsheet with multiple accounts.

You can find out if somebody is abusing the campaign by checking the posts addresses and other things. It's not that hard there are hundreds of exposed cheaters in reputation threads. KYC is not the best way to do it but a lazy way.

You can also cheat KYC with stolen IDs that you can buy online but if you are an honest person you are risking your identity to be revealed in the Internet sold or leaked.

Actually, I've submitted my KYC stuff once before just to get my bounty share. Checked if the project is legit first before sending anything to them. But once they credited my share to my wallet, I sold it to the exchange that they are being listed. I'm not a long term holder of tokens as they tend to decline their value very fast. After selling, there's no looking back. In that way, no regrets whatsoever.

[Starfranko]

Most bounty programs require the kyc. They use it most times to confirm the identity of their participants thereby helping to reduce cases of fraud on the part of bouty hunters

[Kasabus]

It is been talked already for several times but something KYC is getting hotter and considers as one of the requirements in order to receive rewards from bounties. We know its a risk in dealing this but we can't do anything if we would like to have those rewards. KYC isn't a problem if we know the purpose for this and we find that it gonna be handled safely.

[adzino]

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.

They usually ask for KYC form filling in order to avoid people abusing their program. This help the project to remove users that use multiple account to join their bounty hunting program. This is about a legit project I am taking about. Project that in the market with an intention to scam people asks for KYC so that they can make more profit by selling your information to other people! That is why it is best to avoid any programs that asks for KYC.

[Ranly123]

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.

There are many duplicate entries in bounty camapigns,, so in order to eliminate this kind of doings KYC is implemented. Also, it is an SOP for IEO to under KYC for their bounty participants for security reasons.

[Uju4real]

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.

The essence is to fish out people with multiple entries in bounty campaigns but have also noticed that it hasn't been that effective as people still do multiple and go freely

[shinratensei_]

There are many duplicate entries in bounty camapigns,, so in order to eliminate this kind of doings KYC is implemented. Also, it is an SOP for IEO to under KYC for their bounty participants for security reasons.

It's easy to verify the real participants from the duplicate entries and that even doesn't need KYC but it looks like to comply with the regulation is more suitable compared with that reason that you have mentioned it. but this time so many scam icos and would you like try to put your KYC anywhere? It looks like the majority of bounty participants don't care about their KYC.

[dcomomal]

There are some projects that are asking hunters to take part in KYC process to claim their rewards. I do not see something unusual of strange in taking part in KYC, but if they announce it several weeks after bounty end, such things are pissing me off.

[Rustamm]

I also don’t understand why, for the sake of a few dollars, to demand KYC. But I think that this is done intentionally in order to weed out some of those who do not want to go through KYC. I also think that some manual SWAPs are often carried out in order to reduce the number of token holders among participants in bounty campaigns.

[aioc]

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.

Are there jurisdictions which would require bounty to have KYC?
No there is none it's everyone for himself, KYC at your own risk


Why do some projects require KYC for bounty?
Another way to make an income by selling participants vital information


is it a way to make sure they are not being scammed by bounty huntrs?
Bounty hunters are not scammers they just here to promote the project

[shadowdio]

well mostly they required KYC to make sure that bounty hunters can not cheat, but make sure that bounty campaign you join is legit, it is risky to submit a KYC to scam bounty.

[numanoid]

for KYC, it is the policy of the Bounty Manager, with the reason to prevent multiple accounts.

False. KYC needed or not its back to the dev, bounty manager/campaign manager only do the job as like they (dev) want.

with multiple accounts, the Manager feels cheated

AFAIK manager has their own fee, it's doesn't include with the bounty for participants.

well mostly they required KYC to make sure that bounty hunters can not cheat, but make sure that bounty campaign you join is legit, it is risky to submit a KYC to scam bounty.

Legit bounty is nearly 0% right now (including ICO you advertized now). Better to ask them pay with bitcoin instead of their token

[Distinctin]

well mostly they required KYC to make sure that bounty hunters can not cheat, but make sure that bounty campaign you join is legit, it is risky to submit a KYC to scam bounty.

How can you be sure that they are legit? Are they under any regulation of a certain country? Things you need to know first before risking your information through KYC, remember the news about Binance Leaked of KYC information? It happened to big exchange, so it's more possible in small projects.