The concept and goals of this project are important to let the investors know bout the developers they are invested in. It isn't project but teams in which we invest and believe that they will deliver. The initiative at the same time can reduce the scams by providing lot of information and rating about developers to know and decide based on facts. It impressed me from whatever I studied little bit so far.
Yeap, your opinion is correct.
KYD is a good one, and a good supplementary project for crypto investors.
This one help them at somewhat extents to have better overview on transparency of project they are interested in.
However, KYD verification has definitely not a guarantee that a project is not a scam one. This point is important.
Yes there will always be scams out there in crypto just like there is in everyday life. There really is no avoiding it but KYD are doing their best at making buying into projects a lot safer as the dev teams that do verify would think twice before scamming as their ID's are shown to the world. The KYD team are working on making this verification a lot more better in the future.
This will hopefully become a standard. How much is it to get a development team verified?
I know there have been some changes recently as there was another option to verify where it was not shown to the public which has since been scarped. The price could of changed for public verification but last I knew was 1k KYD coins to get verified which is a regular public listing.
The verification fees depend on the status of your coin. More established coins require less verification than newer coins. Therefore, there is a difference between coins.
Paid Listings
- 5,000 KYD - ICO/Presale
- 2,000 KYD - Launched 1 month Under Public (exchange required)
- 1,000 KYD - Regular Public Listing
Free Listings - Free - Special Public Listing Top 500 Coin on CoinMarketCap (or high profile coin)
Fast-Track listings
- 2,500 KYD - Fast Track: Not Guaranteed to be only coin listed that day
- 3,500 KYD - Fast Track: Dedicated Day, Twitter Post
Check out the lastest KYD Newsletter
DOWNLOAD PDF
https://cdn.discordapp.com/attachments/451748113674141696/511602745636028475/KYD_Newsletter_-_Issue_2.pdf
Don't forget to register on Beam if you own an KYD masternode.
Beam allows you to:
- earn additional passive income by getting weekly loyalty rewards airdrops
- follow the KYD project to increase awareness (the more followers we get, the higher we will appear on the projects page)
- network with other community members
- advertise your skills and get hired by projects
Please, join Beam here:
https://beam.works/https://beam.works/user/KYD/
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