Post
Topic
Board Service Discussion (Altcoins)
Re: the benefits of kyc for bounty programs.
by
limmousine
on 20/09/2018, 07:26:01 UTC
Naturally KYC is needed for the investors due to anti money laundry ( A process whereby someone fraudulently acquire wealth and he/she is looking for where to keep it or spend it lavishly.
In real sense there is no point for asking for bounty hunter kyc because they only earned  small amount of money.

This is correct, but in bounties it's not the small amount of money why you cant be charged for money laundering, it's because you didn't invest any money so there is nothing to be "laundered". KYC for bounty, pure scam!
average bounty allocation is only 2% of sold tokens or total supply, very little. but the risk we get is greater, because our privacy will be at stake, kyc has the potential to be misused by irresponsible parties and that is why we must be careful.