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?
we also Know that KYC could be faked meaning the team can send whatever they wanted but this is not an assurance that they are really transparent on that part.
so there are nothing to expect best on this.
A kyced team can give a certain level of trust even though it is not a guarantee to success which is not the sole aim of doing the kyc in the first place, it shows the team are ready and willing to do their best to gain investors trust and be at ease, if investors can be subjected to kyc, I don't see why teams shouldn't.
That's it, there might be others that will fall on this but me? nope I'll pass.