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    Author Topic: Question About Bounty and KYC  (Read 180 times)

    • InahC (OP)
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    April 09, 2018, 01:34:39 PM
     #1
    I recently encountered this so call KYC, are all bounty nowadays required to have KYC? if so where do I usually see the form for this,
    On the last bounty that I've joined, The Social Media Market, I saw the KYC requirement on their telegram account, which I don't usually join, luckily, my husband join the telegram account of this bounty and saw that they required bounty hunter for KYC.
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  • Mohamme
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    April 09, 2018, 01:38:32 PM
     #2
    KYC is verifying your identity.
    Most of the time, if the bounty thread requires the verification of KYC data, then I will not participate. The general bounty manager will make a statement in advance.

  • InahC (OP)
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    April 09, 2018, 01:48:12 PM
     #3
    Quote from: Mohamme on April 09, 2018, 01:38:32 PM
    KYC is verifying your identity.
    Most of the time, if the bounty thread requires the verification of KYC data, then I will not participate. The general bounty manager will make a statement in advance.

    Where do they say that is required? I didn't see it on their bounty thread that is why I am shocked that I was required to do it when my husband checks Telegram group.
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  • ratnawide
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    April 09, 2018, 01:53:49 PM
     #4
    Quote from: InahC on April 09, 2018, 01:34:39 PM
    I recently encountered this so call KYC, are all bounty nowadays required to have KYC? if so where do I usually see the form for this,
    On the last bounty that I've joined, The Social Media Market, I saw the KYC requirement on their telegram account, which I don't usually join, luckily, my husband join the telegram account of this bounty and saw that they required bounty hunter for KYC.
    not all proyrk bounty uses KYC on token distribution, and at the beginning of the project you are usually not informed about KYC, KYC will be rumored if the coin will do token distribution on our wallet

  • r1s2g3
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    April 10, 2018, 05:39:18 PM
     #5

    KYC (Know your customer) is not a bad thing actually it help authorities  in preventing Money laundering and anti social activities. (Because no body will create account of any anti social element in their organization.)

    But here  the question, to whom should we hand our KYC documents?
    I do not think we should hand our KYC document to some people that we only knew  by online forum and having no idea of their original identity. Remember 90% altcoins/ICO are created just to scam the people.

    I have no doubt that ICO/Altcoin developers are now using KYC to scam the bounty hunters too as it is evident from this thread.

    It is now up to an individual how comfortable the individual is sharing the documents with some unknown people for few dollars.

    PS: I did not take part in KYC of Polymath for free 250 tokens that I guess was worth $250 at that time.
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