Quote from: jossiel on October 14, 2019, 08:26:04 PM

Quote from: Senar Gitar on October 14, 2019, 11:27:47 AM

The KYC team & developers
#. can at least reduce a few% of the number of fraud projects, this symbolizes a good project if their team is solid, transparent and responsible.

Yeah. At least, it can lessen the percentage although even there will be a KYC for each member and developer that's involved with the project, they don't care with that as long as they can pursue their personal interest of scamming the people.

But it's a good way to determine if the project is reliable. If you see someone part of the team and you're familiar with his shady involve with different projects, that's the sign that you should avoid it.

yes, shady projects are often considered as criteria of fraud projects but not only that because there are still many types of fraud that occur in the crypto industry, it is quite difficult to distinguish them, even if it is a transparent or reputable team and even through the KYC Process as well does not guarantee that the project is successful.