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?
Yes! A million times yes. What is the benefit of having a team without KYC? This doesn't mean that I will not invest into any project that I do not know the team of, it just means that if you ask me which one I prefer, a team that is KYC'ed or a team that is not, then the question should answer itself. We are talking about something very clear here, doesn't have to be KYC'ed for me to put money into, but I rather if they did. Because with a team that we all know, I can search for who they are and where they are coming from and how they are planning to make money, without that in sight then I am just trusting my gut and hoping that they are legit people.