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A way for the developers to enrich themselves and gain access to the KYC documents of millions of users for free by making them fool with some coins that are worth nothing at all. They've never mentioned anything about a roadmap or any KYC or transferring the tokens from testnet to mainnet by completing certain tasks, they came up with all these when they've already got millions of users from all around the globe signed up and mining the shitcoin.
I don't really understand how people actually believe in such projects to the extent that they compare it with Bitcoin which is literally the king of cryptocurrencies and is the ruler of the market, when it moves, the whole market moves with it, and they are comparing it with a shitcoin, lol.
Your suspicion is reasonable. Opportunistic developers exploit people's hope and curiosity in this crypto world. KYC for access to a large user database might be troublesome for data gathering and misuse.
Not all KYC-required projects are scams. Distinguishing enterprises with real-world potential from those seeking a fast buck is difficult.
Comparing new projects to Bitcoin is premature and uninformed. Time, resilience, and a commitment to decentralization have won Bitcoin its unmatched place in the cryptocurrency industry. I appreciate your warning against naive faith in new projects, and I encourage people to do the same.