KYC for Bounty. Why do it?

[Kocret02]

many things are stored why you have to do KYC for bounty participants. I think it's possible to avoid cheating, but for myself I feel that bounty participants should not do KYC because the rewards they get are not worth the risk of giving away their identity

[1714723413]

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[1714723413]

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[bitstalker]

right now I think it's strange because bounty has a reward that is not how much even many do not reach hundreds of $, and kyc should only be applied to tokensale. and because of this I am lazy to follow the bounty, especially social media campaign I prefer to sign campaign and look for a bounty that is really feasible to do kyc

[lousie9]

many things are stored why you have to do KYC for bounty participants. I think it's possible to avoid cheating, but for myself I feel that bounty participants should not do KYC because the rewards they get are not worth the risk of giving away their identity

It is true that KYC is still a serious consideration for hunters because most of the rewards are not worth the risk and it makes me worry by irresponsible managers (fraud). I also still do not know its true purpose, but one thing is certain in my opinion that KYC is indeed necessary because it relates to identity as in real life as long as it is used properly and correctly.

[Weng simok]

Many projects currently require participants to do KYC before accepting tokens as bounty fees, but if KYC is only to prevent fraud I think it can't 100% prevent it because of course fraudsters will be more proficients in doing so, we really should be more careful to sending we personal data , for fear that we  data can be misused by them to commit other frauds, make sure the project that does the kyc have a security system to store our personal data if indeed the project is unclear, we better not to do kyc.

[muksal]

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.

in my opinion about the kYC request by the project team to campaign participants because they want to ensure that only 1 account is for 1 participant ... because many bounty hunters participant commit fraud by joining multiple accounts in one campaign ... so they are not deceived by bountie hunters..

[kak uli]

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.

because there are many bounty participants who use several accounts in one project, so the project developer requires the KYC participant to ensure that 1 account is 1 person ... so as to avoid cheating by bounty hunters ... although KYC can be used to other things, but this is a policy to avoid fraud .. and KYC is very reasonable to be applied to bounty participants ..

[Fredomago]

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.

because there are many bounty participants who use several accounts in one project, so the project developer requires the KYC participant to ensure that 1 account is 1 person ... so as to avoid cheating by bounty hunters ... although KYC can be used to other things, but this is a policy to avoid fraud .. and KYC is very reasonable to be applied to bounty participants ..

Can consider that aside from those scam projects who also selling participants accounts online, KYC shouldn't be affecting Hunters if the team who asked for it are also do the same, providing their own identity and revealed every personal information to make sure that it will be fair to everyone, but if this will not happen why bother to provide and participate to projects who requiring your data.

[setialovers]

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.

Maybe because the developer team considers bounty tokens like tokens that are sold to investors. I think there is nothing wrong with KYC in the bounty campaign because it can reduce scammers in the campaign.

[ansarose1]

I think they require kyc its for their benefit of the doubt, to know their customers or applicants name and profile so that they would know if that person uses bot or duplicates their entries. But accordingly to some bounty hunters, it is not necessary to them to have undergo kyc in the bounty project, its only for those inveators who joins the project, not for those bounty participants.

[Burogh]

I think they require kyc its for their benefit of the doubt, to know their customers or applicants name and profile so that they would know if that person uses bot or duplicates their entries. But accordingly to some bounty hunters, it is not necessary to them to have undergo kyc in the bounty project, its only for those inveators who joins the project, not for those bounty participants.

It might be like that, to find out if many bounty participants are using bots or to prevent cheating. In my opinion there is no problem bounty hunters have to do KYC because KYC has now become a standard in the cryptocurrency market

[akirasendo17]

KYC is needed for the company to know if you really are not a bot ,
it is also really important because lots of people signs up with just different account but
same person, it is also protecting other investors from people who is just making advantage of the airdrop or free tokens

[#Darren]

If the team announces a KYC process, then you should get through it to get your rewards. I do not see the point of so much complains about passing the KYC. I does not take so much time, just get it done and receive your rewards.

[silversurfer1958]

often businesses require KYC to sell to other businesses that need it more. they use the cost to deploy more activities.
There have been some people talking about this and we should be careful with projects that require KYC. Best of all, we should avoid it.

[Distinctin]

often businesses require KYC to sell to other businesses that need it more. they use the cost to deploy more activities.

We can prevent this from happening if we will not just randomly join a bounty campaign and comply with the KYC.
Of course there are still a lot of scammers out there but they can't successfully operate if we bounty hunters are knowledgeable enough to determine which is legit or scam.

There have been some people talking about this and we should be careful with projects that require KYC. Best of all, we should avoid it.

We should be careful but not to avoid it, most legit project requires KYC, and I think it's not risky if we trust them.
If investors are willing to comply with the KYC, we should do the same.

[bitcoinposts]

i truly accept kyc for bounty because it satisfy AML policy for crypto bounty hunters we see more genuine company coming up with kyc verified

[old fart]

I think the issue of KYC is to curb the use of multiple accounts. People now use several accounts to cheat the system which is not a good thing. Doing KYC may not eradicate it totally, but it can go a long way in reducing it to the barest minimal.

[dearbesz1219]

There are 2 reasons.
1. Bounty managers do not want to pay all allocated tokens to bounty participants. The rest of tokens they will keep for themselves.
2. Bounty managers want to reduce number of scammers and pay only honest bounty participants.

[FontSeli]

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 bounty campaigns need a reason why not to pay rewards to some participants for this and the KYC is introduced.
Personally, I try not to provide KYC as in bounty campaigns, in investing and on exchanges.

[Free1bitco.in]

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 bounty campaigns need a reason why not to pay rewards to some participants for this and the KYC is introduced.
Personally, I try not to provide KYC as in bounty campaigns, in investing and on exchanges.

if you really feel it's unnecessary, then trying to avoid it is quite natural. for some bounties need KYC on their project to avoid scammers. several projects carry out KYC in the relevant market. in my opinion, when using KYC on a project, you make yourself bound to the project. That will make you not choose another project that has a similar function, which also requires KYC. Well, there are many reasons if you ask why you need KYC, but the goal is most likely to recognize who their users are. in addition, some projects also prohibit investors from certain countries, so it is quite useful.

[Romeotom]

Because identify many duplicate entries bounty hunter and scammer etc, in fact this decision is the own team and their development. I see many professional project give us rules before start of the bounty and also kyc required.