Post
Topic
Board Altcoin Discussion
Re: Why Bounty Hunters Should Be Exempted from KYC/AML Procedures
by
Kang Bahar
on 03/04/2019, 15:59:10 UTC
To the point, I hate the KYC procedures! I prefer to passed it, refused it and against the KYC procedures!

Requiring KYC to bounties is a big tactics of ICO owners to steal tokens. Heres the scenario:

1.) You joined a bounty without knowing they will require a KYC later. And you do not have a passport or driver's license.
2.) You promoted the ICO twitter, facebook posts, and post on Bitcointalk in a timely manner.   You created blog post for article postings.
3.) You got a high stakes for doing bounty on time.
4.) SNeaky bounty owners, requires KYC before coin distribution.
5.) You failed to submit kyc.
6.) All stakes allocated for you goes back to ICO owners.
Oops. It seems you are wrong. AFAIK, the policy of the allocation for the bounty program will be/always returned to the team. Of course, that's aren't the way to steal a token from the participants who failed to submit KYC. CMIIW.