In recent times there has been several ICOs introducing KYC for bounty hunters, and that has made many Bounty hunters to feel bad.
I would like to share my opinion over this issue. I never see KYC as a bad idea, KYC will actually reduce scammers from using multiple accounts for one bounty and that will also give the genuine hunters the space to earn more in their bounty hunting.
The place I have issues with ICO projects running bounty programs is the idea of some projects that introduce KYC at the end of the bounty program which I really feel it should not be so. It is the same thing as those who used multiple accounts during the bounty because it will still reduce the amount the genuine hunters will earn.
If KYC should be introduced at the end of bounty, the left over coins/token should be distributed among the genuine hunters otherwise I see it as the same scam to the genuine bounty hunters:
Anyway, this is my own view, If you have a contrary view, please share it. I would like to know more also.
Announcing KYC submission requirement at the end of the bounty is actually an unethical thing to do. If they wanted users to fill the KYC form, they should have been warned before the users join. Some users like to stay anonymous and hesitates to share their identity online. So, legit bounty hunters like them might end up suffering. Again, those project that turns out to be scam, might also scam your identity by selling it at the black market. KYC has both its advantage and disadvantage.