Post
Topic
Board Service Discussion (Altcoins)
Re: KYC Cheat Against Bounty Hunters
by
24Kt
on 03/01/2019, 23:38:58 UTC
First of all why do projects ask investors to KYC before they can contribute and then some of them cheat bounty hunters by
1. Failing to tell them there'll be KYC right from the beginning of the campaign and
2. KYCing them after the bounty campaign.

Some project managers know majority of bounty hunters will fail KYC and so they'll say KYC is after the campaign. Why don't they let them KYC as the campaign is running and then when they pass, they join. I've been doing bounties for sometime and honestly speaking it's so sad that some people do work for months and then they fail mere verification process so they don't receive anything.

In my opinion, I think this is another cheat against hunters that Devs and managers should reconsider.
I'm not favor of doing KYC before you join the bounty because your risking your identity with no assurance that the project will collect enough funds during the ICO. I don't see any reason why such bounty hunter will fail the KYC if he has no hidden agenda.

I do agree that bounty hunters should not be obliged to undergo the KYC process. Sometimes, it's one way of collecting vital info from the users. We don't know the legitimacy of those projects. Very few have real intentions of doing it right. But if the project is really authentic, then there's really no way of failing the kyc requirements as you have one valid id at least in your lifetime.