Post
Topic
Board Altcoin Discussion
Re: KYC should be for big whales
by
Snaic
on 12/01/2019, 05:51:51 UTC
KYC for big investors is already required in every project, even small investors are required to verify KYC but not as complex as big investors, and KYC for bounty is to avoid multiple account fraud
KYC in bounty is not to find scammers, but in order not to pay coins to bounty hunters, there is a big difference between the companies that introduce KYC at the beginning of the company and the companies that introduce it at the end.
Absolutely agree with you. If KYC checks are carried out at the end of the ICO, then it is carried out only so that a certain part of the bounty hunters do not pay out the tokens they have earned. It is at this time that such information requirements that some bounty hunters are simply unable to fulfill are most often made. Or, in the very passage of such a test, KYC finds technical problems that impede its normal passage, and the bounty managers and the ICO team simply do not respond to complaints about this.