Post
Topic
Board Altcoin Discussion
Re: Would You Prefer a KYCed Team?
by
coin-investor
on 12/12/2021, 14:36:39 UTC


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 trust teams that can do AMA and webinar and their credentials posted on their true social media profiles, even that is not a guaranty that the project will be successful, they need to have a project that will contribute to the advancement of the community a platform where the community can use, like exchange or gaming, KYC is ok but the platform is more important.