As it is a new project, flaws will become obvious, necessitating a step-by-step approach to perfection as well as a variety of awareness campaigns; therefore, you must be wiser in your comprehension of this because you want to be a part of a project that is still in the planning stages.

Furthermore, a KYC process assures that every IDO participant has been investigated and determined to be "fit" for participation.
The procedure is also critical for assuring compliance with legal obligations for fundraising, not only on the blockchain, but in the broader ‘real' world as well.