Quote from: cryptomaniac_xxx on Today at 11:28:04 AM

Quote from: DapanasFruit on Today at 05:39:05 AM

Recently, I am seeing some good altcoin projects that boast of having the project and the whole team passing some form of KYC. I am not, though, familiar how the whole team KYC is done but I guess this is in conjunction with a known third-party verifier. Of course, there is no guarantee that a project and team that got its own verifiable KYC will not never run away or fail as there are many variables to be considered but then again this can be helping in boosting confidence on the part of the investor. Should this be the new standard when looking for a new project to support?

Yeah, I think it's with a 3rd party verifier. And I guess this is good instead of the team running anonymously and then going exit scam after they have manage to raise millions from investors.

And I think this has been practiced since 2018, but if I'm not mistaken there are still projects who still scam even if they have been KYC so I guess we are still not safe even if they exposed themselves to investors.

True, regardless if they are KYC'd or not, if the people behind are greedy and blinded by money, they are going to pull an exit scam.

There's a lot of those cases, and most of them are hiding and moving from places to places and using all the money they loot and enjoying life. But hopefully the law will catch up on those kind of people.

So still, we should be very careful on what project we are going to invest.