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I am currently applying on various listing sites and can see that sometimes there's a recommendation for team members to go through KYC procedure. In general, I think it's true that people care about the team listed on the website and want to be sure it's not fake.
I am managing social networks of our ICO and I wanted to hear your thoughts on whether it would be a plus to tell people more about our team, make posts about their lifes, kind of. It's just that I feel it's important that our team is almost like a family, because this affects the project development. Every morning we drink tea and eat some sweets together, we often communicate and always celebrate the birthdays of our members. For example, we had a nice birthday celebration a couple of days ago, sitting at one table, eating food, making toasts as well as discussing our ICO... I am just wondering whether posts with photos of our celebrations or morning tea drinks could bring community closer to us and be another proof that we are all real people working on a project, rather than a noname account that posts info about the project. What are your thoughts? Should posts be focused on project development or would some content about us as real people make things better?

I think the existence of the team is important but it doesn’t actually change anything to be honestly
Hashcard has a real team amongst other things
Beautiful whitepaper, sweet project; they even delivered cards to investors
They ended up running always with over 100,000,000 dollars

Wow, it's such a shame that teams do things like that. But hey, if the team is known, I guess people can file a cyber crime report and these people will be arrested, right? I eman, it's like robbing a bank and having public info about people who did it. Eventually they'll get caught and will be forced to return the funds as well as serve a term in prison, no? That's why I think info about the team is important. The more info there is, the less easy it will be for the team to scam people without getting arrested.

very true, but people are more interest on other stuff compare to things that improve our live.

It depends who's your consumer, if he's rich than this may be good, but if he's basement dweller then he can compare you to rich capitalists and steer away from your offer, if he's something between he may get inspired to live life like you're living and he may be more inclined to invest.

I don't see anything being wrong with showcasing the unity in a team. It shows that, they have unity and unity is a force to reckon with but on a tea table? Not necessary. Just pictures in seminars, parties etc.
Although, it might still turn out a scam. I just don't put my hope too much to an ico.


They can continue doing that because there are no body regulating such activity of ico, is just unfortunate that people can destroy others like this.  :) :)

Not just is the real existence of the team of an ico(initial coin offering) important but also  The credibility of the team behind an ico is very important as well because right now over 80% of ico are scams so our best alternative is to go for those that have already credible and establish team

It has nothing to do with the consumer/costumer/investor, we as an investor should know them very well.
currently there are a tons of project with a fake team members behind them, based on this alone we can make a conclusion that those kind of project will go scam in the future.
(they do not use their real identity because they are not doing it seriously and only do this for a quick money)
showcasing the team member is must for me because we need to understand the project and the team behind it.
even a real team could scam us, let alone those who use a fake team profile.

This is a good suggestion, it is very useful to prevent scams, but in most cases, the team has the initiative, all ICO rules are made by them. For investors, the only thing you can do is to decide whether Invest in your money, except that you have no choice.

KYC = Know Your Customer, this term is not applicable for dev team. What they can do is to verify their identities.

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There are some good reasons why even legit and genuine team would prefer to stay anonymous (just like Satoshi did), but then they shouldn't be asking public for money (Satoshi didn't). In such case, they should either develop the product first and then sell it by putting tokens on the market, or, at very least, organise an ICO using trusted escrow and clearly defining and tying fund-release conditions with development progress.

If the team is known, it gives an assurance to the investors, making them feel their money will be secure. But if the team is unknown, no one can be held responsible if anything goes wrong or the people are scammed. People want to believe in others before they invest.

Many scam projects are not too smart, and often people from other projects are exhibited as a team or simply photos of people not related to the project, smart scammers insert photos and links of real experts who also do not belong to the project, it is to identify scammers that the team should check. project.

"It might earn you their trust. People feel comfortable if they know more about the people they are investing with. But keep balance between the project development post and personal posts.
"

The exitence of the team is really important. But, the creditibility and the potentiality of the team is also important. It presents them as  a reliable and trustworthy source.

Yes of course. Proof of the real team's existence is very important because it is just mean the project is real no ghost team and no ghost project and scamming is less risky. Why? If your face is pinned in the web as the projects core team and developer, you may feel a little bit ashamed to be included in the project which is only scamming people later on. So everyone in the team with good reputation will not be ashamed if they think the project is legit.

I dont really think it is that important. I think the most basic thing KYC does is to filter multiple participation in bounties and scammers. Cryptocurrencies is more known for anonymity and KYC just trashed that. But still, do you think those who are submitting KYC documents are submitting their true identity? I dont really think a hundred percent so.

Yes, to verify an existing team is one of the most important points for doing your research. You'll see if the team is experinced or not or if it doesn't exist you can be sure it's a scam. Most scams have no real team because after their scam they will run away with all the money and nobody will know it, who they are.

Team is most important for me!

if a team shows something of itself, it certainly is very good to build trust in the people and the project. i automatically have more confidence in a project, if i can connect it with people and i can see how these people are working on the project.

exactly ... stick with pow coins with fair release

actually just stick with btc and you will be okay

for most noobs and those that have no deeper understanding here just stick with btc or get raped hard.

It all depends on the project, how good it is for me. For example, KYC transmission will not be a problem; Many projects, even after passing KYC, turn out to be scammers, so everyone is so wary of

I think Kyc is needed for the trust of investors and in my opinion the team must also provide information on the progress of the project

Yes, team details is important for trust, especially when your product is not working, if your product is alredy a working model then team information is not that important.

Team isn't only important, team is backboon of an ICO. There is team behind of every ICO, but most of them hide identity. But it's not a good practice for crypto currency. For me if team is hide, that means they want to scam. Otherwise why they need to hide themselves? Lot of ICO's have been using fake photo. I will never believe them even they have listed on exchange. A potential and experienced team could success on ICO. Obviously you should show up your team. Not like life story, but team could arrange conference and show it live. And they can meet up with blockchain specialist from worldwide and can broadcast  on YouTube. Than community will trust them that they are real. And a real team is most important for ICO.

For me its very important because it will show more trust and chances to reach the HardCap.The team must visible to the potential investors to show some confidence about the project. It really helps a lot in this kind of market situation and of course the project's product and Services offered also has a strategic importance.

For sure, it is the most important thing. Why do they make us passing KYC and don't pass by themself? Looks like double standards , I do not accept this. I want every single team launching ICO MUST pass KYC process. SEC should do something about it. I faced plenty of ICOs where participants adjusted fake photos of team and resulted scam! But at the same time even teram passed KYC can make a scam. I have such examples like Envion and Centra

Scammers are scammers,and thats the sad reality

But i dont think that hashcard has a REAL TEAM behind because if that's indeed,for sure bars and cells are waiting for them regarding this issue

After all,ico will never be good and trusted again and not like before when they are legits and reliable

It is understandable that people want proof as there is a common saying that seeing is believing and how ICO's are it is natural to be cautious by doing your research before taking any steps.

It is absolutely necessary for an ICO to show their team because people believe in transparency and in order to achieve that an ICO should definitely need to display the profiles of the people they are working with. People could then look out for the team so that they know who the developers are.
Many people don't invest in such ICOs which doesn't have a good team or don't show transparency.

It is a no brainer question, now let me ask you, are you really going to invest into a team that has no prove that they even exist? pretty sure that everyone would definitely say no
The real existence of the devs also a key to determine whether an ICO is scam or not, bad or good. It's among the most important factor to be considered when you are trying to figure which ICO is good.

Total anonymity is not beneficial for a project. There must be detailed info about the team in the whitepaper, that`s clear.
On the other hand, posting photos of celebrations could be seen as too-much-information scenario. Investors may think that you`re trying to divert their attention from the project itself.
Not saying that it will definitely have this effect, but this possibility should be taken in consideration.

Teams are more important to me than the projects itself.  Many scam projects originated from scam team therefore, team is the most important of any projects.  I write a review last time on a particular project and one thing I said is that no matter how good a project is if it is back up by fake or scam team it is a bad project.

It's just expected that if you'd want people to follow you they have to know everything about who they are following. Nobody will just wake up and invest a huge sum of money hoping for a non existent team to deliver a project.

I think that the strong team it's already 60% of success in ICO. Ide can change, modify and upgrade. Only a good team can do a good project and become successful. And KYC for team members is a good option - it brings more confidence to investors.

There is no yes or no answer to the question raised on this thread. The presence of real team may be important if the success of an ICO project is gear toward team support before it could realise it's objectives and release agood product!

In any case, a team that is constantly on the public and open attracts more attention. So to say investor confidence. In addition to KYC, you can participate in various blockchain forums by attracting more attention.

Well, on the other hand, the team puts itself at great risk, each member. Who knows what's in the minds of crazy investors. And how the losses will affect them.

Many scam projects were exposed just with the help of fake photos, it was evidence of bad intentions, the team plays an important role and it is useful to know who is in charge of the project so that there are no problems.

The team of developers and advisers is really important to check whether the ICO is legit or scam. But to determine if it will succeed or fail depends on the trust of the investors. In whatever situation, checking the existence of the team members is significant but it is just a part of due diligence.

Knowing the team behind an ICO or project is important. It shows who and what kind of people you are trusting your money into, you'll know who are this people you're giving permission to be responsible in your assets. With this, you'll feel comfortable and secured that your money is in the right people, and just in case that these people turned out to be scammers, you'll know who to blame if ever you lose your money.

The more information investors have on team members, the better they able to make logical decisions. I personally will not invest in a project where the team members are not known. Investors will be entrusting them with the hard earned money, the list the team could do us to be open for investigation and scrutiny. Yes, even lifestyle is important. I wouldn't entrust my cash to someone who is a gambler or a drug addict, even if his professional credentials are impeccable

It is very important to have all information regarding the team that is behind an ICO and it is a way to stay safer about the project

That's right, disclosing team members is a plus factor for a certain project.
But, it doesn't mean they don't have the chance to scam people.
I've known several projects with very good team members with excellent background, yet, they managed to ran away with the money.
Maybe another thing to add is the registration documents, where it is legally based. But very few projects provide such docs, unless you ask from them.

Why pick?
Why not do both?
There is no limit into what you will posts.
Besides, it will not take that much time right? It will just be a second to take a picture (if it is real) and another second to upload it.
Does that really matter much to you?
For me, I want to see them so busy. It looks so real. ;D just my opinion.

As for me, I would like to see how the project is going and have some progress as well as knowing the people behind. Yes, there may be some cases that even if the team are known, they still scam the people but seeing their faces would somehow make them be trusted for the investors knowing that they are confident enough to show their faces to the people so it would mean that in the future, they are not planning to do something that we hideous to the investors. I like to join ICOs especially those who attend some conferences and meetings.

Much has already been said above by the discussion participants. I want to say that people who show themselves and their intentions attract positive emotions.

I won't invest in or recommend any ICO unless I can verify the existance of team members. It is not a bonus. It is the bare minimum. As was mentioned earlier it will not 100% prevent fraud. There will still be some willing to rip off investors without the anonymity. But it will deter most would-be scammers and also empower those investors that want to hunt down the scammers and see them prosecuted.

Thanks for your feedback, guys and gals! I think that most of people say that it is important for a team to get verified and show their activities, but perhaps those related more to the project rather than just drinking tea and stuff.
I understand. Perhaps you are right about seminars and stuff like that. As for teams simply scamming people with no further responsibility - I really didn't know it was possible! I thought that scammers are usually those who had a fake team and thus there's nobody to blame in this situation...
I know what KYC is and perhaps I just wrote it inaccurately in the post, but on foundico website they say the following:

Of course, this is a positive thing, that you can provide information that your team is real people and that you have cohesion, but fraudsters are so imaginative now that they can create such photos, hire people for this, shoot offices, etc. . therefore it is only one of many factors that can attract investors to your project.

A real team existence is one of the factor to gain trust and investor. But the fact that in can't effect the project growth as investor we need too see a real project development rather than team profile.

The reason why we need a real team is too gain trust specially right now that most ICO are scam.

yes, i think it's a crucial point when it comes to investing in ico-s.

Usually, a team that is trying to remain anonymous, must either have a very convincing story to tell to even be able to attract any investor. Come on! Why on earth will I want to invest in a project where the team is nowhere to be found, and how am I so sure that the anonymous team will not disappear after getting investor's confidence. The thing with ICO today is that if you do not have a product and a solid team that can be verified, you are strictly on your own.

It is not just a plus for the project or the coin; it is a necessity judging from how things have been with ICOs lately.
Ask any sane and smart investor today what they look at before investing in an ICO and the two things that comes out first would be a good team and a minimum viable product.

If you are investing your funds, you really want to know if this is a something that would be worth it in the long run and you want to know you are in good hands with the team. Just like you said, the scams are enormous and trying to play the anonymous game with the team will only affect the ICO negatively.

I think the proof of team real existence goes a long way in building credibility for a project, investors will have more sense of assurance that  they are not really dealing with virtual human beings .

At this day and age, with all the scams going on, unless you have a good product on ground and a visible as well as a feasible one on ground already, you will be deceiving yourself to think the absence of a team does not matter.

Even if you have a product on ground and peradventure, you are trying to stay off the light, it would be a product that is extremely unique and off the hook to even make the investors want to take any chance or risk on you and by that you will really have to be convincing. Proof of real existence matters unless you are not looking forward to a successful ICO these days.

Existence of the team doesn't say anything about project success. The team can easily scam if they have such an aim.

Yes, of course this is very important, which means that this ICO is reliable. If a team is a fake team ico, why do you want to invest in it? 99% of these may be scmas.
All the fake teams I have seen, I have not heard of who invested in them to make a profit.

I think it's good when the buyer can learn more about the team. In any case, this is better than when for all the ICO time in social networks there was not one team photo. You start to suspect something is wrong.

ICOs have so many sphere of doing that I think that even they have here less, they have something bigger in the another case. Anyway they are in plus.