Post
Topic
Board Altcoin Discussion
Re: KYC for Bounty. Why do it?
by
Bitze
on 12/08/2019, 08:36:19 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.
Some bounty scam will take advantage of KYC to get your information and sell it. And if bounty legit, KYC will help them eliminate cheating, many accounts .. and ensure the legality of the project

that's a very important topic. so far i've always relied on my feeling.
often KYC is obligatory but the tokens are not worth it. sometimes you have to qualify via KYC at exchanges to get bounty tokens there.
you have to consider in any case whether the tokens are worth all the data to publish. it can not be answered in general, but i often go
risk and make KYC in the hope that in this campaign little to no cheaters to have. Wink