Post
Topic
Board Service Discussion (Altcoins)
Re: Trust in the Cryptoworld. KYC for project owners.
by
joniboini
on 30/11/2022, 05:53:02 UTC
For example, even on pinksale.finance, this service costs $750 and requires verification of the owner's identity.
If we consider the company solidproof.io, then the cost of their services for verifying project owners starts at $1,500. Of course, it is worth noting that the cost of these services includes the initial promotion of the project.
In addition, there are aggregators that provide such services and value their reputation. For example, stakingrewards.com
So basically you want to launch a project, and need a launchpad to raise funds, but you don't want to do KYC because you need to pay those platforms? Even if there was another reason that you can't prove that the project developer is real, building trust is hard if all you have is an empty promise. Build an MVP at the very least, make it usable, and post it on the forum or other communities to build your name. The landscape is different from the ICO boom phase where people happily throw money on anonymous teams because they love memes.