Post
Topic
Board Altcoin Discussion
Re: KYC for Bounty. Why do it?
by
Om.monata
on 20/08/2019, 23:14:33 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.
By the way for me if we participate some bounties and need a KYC ill think it was not good idea because of the bounty hunters are only promoting their project and only investor can do some KYC. But it depend to the bounty if they want need KYC so we want to follow on what the intructions it have if the bounty it was have a potential to develop more in a future.
it should not be one of the main efforts to do kyc. because right now if we think KYC should only be more suitable if applied to investors. and bounty participants do not have to do kyc because it is not in accordance with the reward, but it is a rule and we must follow