This is a good idea. Hopefully through this project, the number of people who get scammed by bogus projects will go down.
We will do our best to prevent that!
KYD verification may not guarantee success, but I certainly feel a lot better knowing that a project's devs were willing to confirm their identity!
And ID verification is just the first step for this project. I believe they just started doing ICO verification, which is huge. And the main project, providing a platform for vetting and hiring developers, is going to take the use case for this coin to the next level.
As someone who needs to hire devs, this platform will be a game-changer.