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?
I mean a lot of projects demand the investors to do a KYC in order to be able to invest into their project so it just makes sense that the Devs and Team members also do a KYC just to prove that they are not just using maked up names in their whitepaper and fake linkedIn accounts and stuff like that. To be honest i have not seen a project that is advertising with a team that has done KYC yet but it definitely would be a plus in my book if a see a team doing that. Then again you have to make sure that the KYC is done in a proper way with video calls and all of that and maybe even a proof of how the KYC has happened because there i also a lot of fraud going on with KYC's too.