Quote from: dmamigo on October 04, 2018, 02:46:52 AM

Quote from: thenameisjay on October 04, 2018, 02:13:19 AM

Quote from: imyashir on June 21, 2018, 12:53:10 PM

Do you agree that Bounty needs KYC?

In my opinion only, I will agree with this policy to avoid multiple accounts or the use of other accounts in bounties. If it has this policy it will be fair to investors and to bounty participants. Scams can be reduced to a bounty. Dumpers can also be reduced.

What is your Opinion?
Free comment.

I agree. Participating in a bounty with multiple accounts is just plain fraud and frowned upon by everyone. I think KYC is a good method to implement to prevent such things and open more doors for other participants who want to make a great deal of cash in participating in bounty campaigns.

Not only KYC is a good method to prevent fraud but also it helps in maintaining country laws. Many countries nowadays urge to implement KYC norms, thus making the project more trustworthy and viable. Also, some projects don't provide their service to selected few countries, and KYC helps them to maintain their own rules and norms.

This proves a legitimate and honesty of every participants who joined the bounty campaign. Some countries prohibited their residents in participating the campaign, that's why the owner of the project who resides on that country will require a "know your customer" strategy. As mentioned fraud and other criminal acts will be controlled if the implementation will be successful for every participants who van comply the requirements.