Post
Topic
Board Altcoin Discussion
Re: KYC is simply just to cheat bounty hunters.
by
Predator25
on 29/11/2018, 03:30:13 UTC
To my understanding, KYC simply means "Know your customer". Investors(customers) who participate in ICO are made to go through KYC process before they are even allowed to purchase their tokens. On the other hand, Bounty hunters are just "part time workers" of the project and not customers. Even if they will be made to go through a KYC process, it should be before they start working and not after. Waiting for them to finish working for the project and refusing to pay them because they failed to pass KYC afterwards is a total cheat.
How do you say so? KYC is knowing you customers. The developers just want to know their customers becausw as of now many bounty hunters are taking opportunity to farm their account in one campaign. It is sad to hear but this is really happening thats why moderator be able to ban them. For the sake also of other bounty hunters like me.