Post
Topic
Board Altcoin Discussion
Re: KYC for Bounty. Why do it?
by
AngelJoshua
on 12/08/2019, 12:30:55 UTC
Why do some projects do 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.

Its a good way to eliminate duplicate entries, scammers, etc.. Project team claims this when they go for KYC especially for bounty hunters.

To avoid spammers of multiple accounts because many are joining in a bounty campaign under different names owned by one person. And to ensure that bounty rewards are being rewarded by real people not just by a dummy name.

Well it's quite getting popular now that most of the bounty hunters are being too much greedy  when it comes to some promising projects that they think will going to have a good  result even risking their own participation just to cheat.