KYC for Bounty. Why do it?

[brightemo]

To sell your personal data after it. Nice additional income

[1714912027]

1714912027

[sana54210]

In my opinion, the existence of KYC is to make it difficult for greedy people to participate in projects, because from 2017 many people have many accounts to beat up one project only to get very large results. so the KYC is very helpful to eradicate people's greed

For that purpose, it is justifiable, because I agree with you that we have such people that really exist and the best way to control it is to limit the project, but unfortunately, some of them have ulterior motives about the data that they collect, I guess that they want to be like Facebook that is selling the data of their clients to make money, but they forget that it may not always work that way for everyone.

People don’t have problem with kyc really if it would be used for a legal purpose alone, but they are scared that their data will be exposed outside the system and their faces being shown the threat in the real world. Like we head of Binance story of recent, and how hijackers succeeded is stealing their data, and I could see faces of people that had data in there.

[Convery]

KYC process is a way how to eliminate scammers and multi accounters.
But also it is a way how to steal your identity, just like recent Binance hack.

[abake]

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.

KYC for bounty is a way to pick out multiple accounts and in a way its actually helping but the only thing that bothers me is how safe are those personal details that are submitted

[BTCbengi]

KYC is not necessary for them to be able to manage a person using multiple accounts at once to participate in a bonus campaign. In contrast, KYC is losing the essence of cryptocurrency, which is anonymous. They can use the information we provide to sell them to third parties. Exposing personal information outside can make us vulnerable and lose many things. Therefore, I do not recommend requesting KYC

[Youghoor]

Personal, I don't really see anything wrong with bounties requiring bounty hunters for KYC.   Most crypto projects want to know where and who exactly their coin or tokens are been sent to and also outline their possible market audiences.  Just like using your details in applying for a job, there is nothing wrong if a bounty campaign ask its participants to provide their details before they can receive their tokens...

[Xalata]

Most people take part in bounties with more than one account. The KYC is required to minimize the usage of multiple accounts and to eliminate some participants from specific countries.

[xiboothrezi]

Personal, I don't really see anything wrong with bounties requiring bounty hunters for KYC.   Most crypto projects want to know where and who exactly their coin or tokens are been sent to and also outline their possible market audiences.  Just like using your details in applying for a job, there is nothing wrong if a bounty campaign ask its participants to provide their details before they can receive their tokens...

You are right. The developer has the rights to it. If the reason is relevant and can be justified, I guess that for the bounty hunter is not lazy. I also really like your analogy with applying for a job. We as workers must meet the terms and conditions in order to get a salary according to the agreement, and hopefully, the developer also applies fairly. Usually, from the bounty manager, kyc is used to reduce fraud and multi accounts.

[Bonwin]

KYC process is a way how to eliminate scammers and multi accounters.
But also it is a way how to steal your identity, just like recent Binance hack.

If we continue to think it's for eliminating scammers, then we might be lured to give out our details to the real scammers themselves.
There are other measures that can be used to achieve that, without involving KYC.

[Google+]

KYC is usually used to get rid of cheaters who are participants of bounty campaigns, some of your campaigns can see that many people's bitcointalk profiles are used by other people and it is detrimental to those who are victims, so KYC can avoid the participants of such cheating bounty campaigns.

[wildflower18]

The most reasons to eliminate or minimize scammers about joining their project. To be sure we must do our delligince before joining a bounty. Always remember do not trust easily by submitting kyc since most issues there are many who steals our personal document and sell it online.

[fosco333]

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 they do that so they can give efficient rewards to the real hunters, not the one who use multiple accounts.
The hunters are free to choose if they want to joining such campaign or not.
If we sure the project of the campaign is very good, KYC is not a problem.

[HellDiverUK]

I totally agree with KYC for bounty hunter, this sometimes proves that they / dev want to pay and do not want to be cheated, if KYC is limited to e-mail and ID card / driving license it still feels normal for  bounty payments above 100 $.

[posi]

If we want to view it properly. KYC was implemented back then for crypto investors not bounty hunters but we can't blame some project owners either for asking bounty hunters KYC since some people abuse the bounty campaign section.

Recently, one guy confessed that he joined in a signature campaign with his 22 high-rank accounts!

Out of curiosity, could provide the post link.

[qomariah95]

Many factors require that we do the kyc mechanism to be able to get our rewards. because right now the manager is using kyc to avoid cheating by the participants. like using multiple accounts in one campaign

People who use multiple accounts are usually KYC applied to bounty hunters. And there is also because the project does require it, both for investors and bounty hunters. I personally strongly agree, if you do KYC to get rid of people who cheat by using multiple accounts.

[GWS My Boy]

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.

what do I know KYC to avoid from multi account or playing cheater but not intended for all bounties all depending on your choice if you are able to meet the KYC requirements, you can join if not better looking for another bounty

[Ozero]

KYC process is a way how to eliminate scammers and multi accounters.
But also it is a way how to steal your identity, just like recent Binance hack.

Firstly, the KYC check is not designed to deal with multiple accounts in this forum. Such an inspection should exclusively be carried out in order to prevent cases of dirty money laundering and to combat the financing of terrorism. Using it for another purpose is illegal.
Secondly, in my opinion, owners of several accounts can pass the KYC check quite easily if they use the data of their relatives and friends.

[AngelJoshua]

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.

Well it really have negative and positive effects for me, The positive one is they can make sure the legitimacy of their users to avoid the multiple accounts or related while the negative is it's hard to trust now which project or company will going to keep those documents safe.

[nerlial]

I think KYC for generosity is a cat in a poke. The team has nothing to lose when it tells the hunter to go through KYC. Hunters do not understand why they should give their documents to an unknown project.

[waichi]

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.

To avoid spammers of multiple accounts because many are joining in a bounty campaign under different names owned by one person. And to ensure that bounty rewards are being rewarded by real people not just by a dummy name.