But maybe we can use the KYC procedure not only for buyers but also for sellers. If we introduce such a procedure for new projects, it will increase the level of investor confidence, as well as deter many fake projects from collecting our funds, protect our crypto assets from fraud. This procedure can be entered in this forum to host projects or in special platform. The project developer will have to provide his personal and contact details.
Do you think this is a good or bad idea? Express your opinion.
And I will say that's what should happen. And even the team must give KYC first to investors (at least showing on the website), not vice versa. Investors are the party most at risk of losing assets when the project turns out to be a scam.