Post
Topic
Board Altcoin Discussion
Re: Would You Prefer a KYCed Team?
by
Koro-Sensei
on 14/12/2021, 15:55:41 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?
Being doxxed isn't assurance that the project is legit. I have been in the crypto for years now and been investing to some projects whose doxxed but still ended up scam. Just like Shrew.com. But nonetheless, teams profile availability just proves that they're real and committed into the project. Its just that, if teams really want to scam they will do it with or without their identities being public.