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?
It is recommended to familiarize yourself with team members and get to know about their previous works and projects. If developers and founders have many successful cases, this project may also be successful. If the team has passed KYC it gives you even more confidence as then you are sure that they don't lie and they are those people who introduced themselves.
This can be a good consideration. When their team already has some successful project history then trusting for KYC doesn't matter. but if only carelessly will certainly harm yourself because it concerns a matter of personal identity that should not be given carelessly. There may be many original projects that appear and many new people just make a profit directly giving their KYC freely.