The concept and goals of this project are important to let the investors know bout the developers they are invested in. It isn't project but teams in which we invest and believe that they will deliver. The initiative at the same time can reduce the scams by providing lot of information and rating about developers to know and decide based on facts. It impressed me from whatever I studied little bit so far.
Yeap, your opinion is correct.
KYD is a good one, and a good supplementary project for crypto investors.
This one help them at somewhat extents to have better overview on transparency of project they are interested in.
However, KYD verification has definitely not a guarantee that a project is not a scam one. This point is important.
Yes there will always be scams out there in crypto just like there is in everyday life. There really is no avoiding it but KYD are doing their best at making buying into projects a lot safer as the dev teams that do verify would think twice before scamming as their ID's are shown to the world. The KYD team are working on making this verification a lot more better in the future.