Post
Topic
Board Altcoin Discussion
Re: KYC is simply just to cheat bounty hunters.
by
KolayZdun
on 25/12/2018, 11:48:53 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.

I don't understand why people are so bad about KYC. Quite a useful thing, proving the seriousness of the company and helping to remove bots from the company. I always pass it if the company and payments suit me.