Post
Topic
Board Altcoin Discussion
Re: KYC for Bounty. Why do it?
by
ginobitcoiner
on 10/08/2019, 17:32:13 UTC
Why do some projects require KYC for bounty?  Is this a legal thing or is it a way to make sure they are not being scammed by bounty huntrs?  Are there jurisdictions which would require bounty to have KYC?  This is not a token sale after all.
Currently, Know Your Customer (KYC) is not only aimed at investors who make token purchases, but is required to bounty hunters, because many people do multi accounts to get a lot of bounty rewards, therefore DEV doesn't want to lied to by multiple accounts carried out by several members of the forum, so they impose KYC on bounty hunters to get bounty rewards.