Ofcourse it's a total cheat.
I did a bounty, got the stake through bountyhives and after the token has been received after a couple of month's, we were told to complete kyc as there's going to be a total swap of old token to the new one's. And this wasn't stated in the start of the project, bounty. This is a total breach of contract between the developer and the bounty hunters and this must be attended to swiftly.
speaking essentially, I think that I should not develop this topic, since no one protects the rights of bounty hunters and the participants of the bounty company always suffer from violations of the terms of the deal by developers and managers. You have to be satisfied with what you get as a result.