Post
Topic
Board Altcoin Discussion
Re: KYC is simply just to cheat bounty hunters.
by
Olatunjex
on 07/05/2019, 21:53:30 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.
Kyc is a way in which team use to reduce fund that has been set aside for bounty hunters, If the team want to be sincere with the bounty hunter token allocation should be done after kyc has been concluded but reverse is the case.