What is Transparent in it if team behind the coin is anonymous

[SquallLeonhart]

The thing is, if you do not know the team that means you do not know if they want to deal with the legality or not or if they want to work freely or not, or maybe they are fraud. We can never know this, which means in crypto world if you do not know someone is fraud or not it is easier to think they are 100% fraud to be safe than sorry. Obviously this doesn't mean that all of them will be like that but why risk 1% proper project with 99% fraud ones?

There is no reason to actually trust them when you can just trust the teams that has a background. About the real looking but fake fraud teams, if you do not know the person, if they are not known in the crypto world, if you haven't met anyone who knows them, they are as good as anon as well. It has to have some known people in it in order to work well.

[makishart]

Any legit team will never try to make their identity became anonymous. We can take some examples like concordium, polkadot and many more. These projects have already created with the strong vision by the team that know about how to do for the next and then they have very skilled in the development of digital product.

The anonymous dev is still having a big question about how competence they are? how much their achievement in the crypto development? so many questions need to be asked.
That makes the anonymous dev always linked to the scam project that wanna try to run away with the money.

[wxa7115]

Usually, if the team or the developers who runs the campaign keep their identity hidden I most likely stay away from it because if the project are legitimate then they will not doubt to show their identity. The team must shown their identity because it is the right of investors to know who will they entrust their investment. This was also the way to track down the team if in case they did something wrong.

It is obvious that in 99% of the cases in which the developers are hiding their identity this is because they know they are going to try to scam their investors from the get go and they do not want to be prosecuted by the authorities in their countries, it is such an obvious red flag that I still wonder how is it possible that people keep investing in those projects when the probability of being scammed is so high?

But for the most part this happens because people are very greedy and they do not want to lose the opportunity of making money now that the market is hot not understanding that they are not going to earn any money and instead they will lose it.

[poodle63]

100% a scam. You would like to stay anonymous when you develop something unique that will completely change the world? Or you would like to stay anonymous when you know that you are going to create something fishy? Easy answer, right?

There are plenty of anonymous developer within open source community but they don't try to start an ICO and that's the point. when someone is trying to start finding investor for their project but still remain anonymous they might have ill intention. being anonymous is fine within open source community actually as long as you don't try to get other people's money.

[Baskeyairdrop]

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.

I believe there is no good reason behind this. If I am doing something good, I would be proud to say I did it but what if I am doing something good and do not want people to know that I am the one behind it?
This shows that either they do not want to dent their names should incase the project goes wrong or they want to make money from investors then run away with it.
Since they are anonymous, they cannot be traced.
Please I would advise everyone to only do deals with trusted projects   and not only projects that are listed on popular exchange but a team that is reputable at doing well in such a project.

[Natalim]

100% a scam. You would like to stay anonymous when you develop something unique that will completely change the world? Or you would like to stay anonymous when you know that you are going to create something fishy? Easy answer, right?

There are plenty of anonymous developer within open source community but they don't try to start an ICO and that's the point. when someone is trying to start finding investor for their project but still remain anonymous they might have ill intention. being anonymous is fine within open source community actually as long as you don't try to get other people's money.

You are on point mate, that's what an anonymous project do, true it's risky as anyone can get scam if they buy the coin and the devs will stop developing it, but still there are still people who believe on it, I don't want to name the coins but there are certainly a lot out there that was even so hype during the last bull run.

[Saisher]

These days, I've seen a lot of project where people ask in the telegram group like. Where is team profile? . The answer they get is team is anonymous. I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?
Because after knowing this, many people still go on to invest on an anonymous Erc20 token project with no useful purpose. I would love to see if there is a good reason behind this anonymity.

If they are not asking for funds and they have a platform and their token or coin is already in the market, they can be anonymous in the past so many coins are created by anonymous developers, Satoshi is very much an anonymous person, but right now they do not have the luxury to become anonymous because investors are more educated and they want to know if the team are capable and they will not do a hit and tun,

[lkjhg]

If the team behind the project is anonymous, then it is not transparent,
transparency is all clearly visible, the whitepaper, roadmap, team, and social media must be present and active,
even Github must always be updated. that is what is called transparency.

[Squezzi55]

There are some projects with hidden team members but they don't introduce any ICO or IEO, how will you judge such projects? The moment we start talking about anonymous teams everyone thinks they are in for money, my point still stands that always do your own research, visible teams are scamming investors this days too

[Apostlekin$$$]

Monero is transparent but we don't know the team, till date this project still kick ass, I'm not here to confuse anybody because crypto space is full of experience, instead of zeroing your mind that any project with anonymous teams aren't transparent do your research first, teams showing their faces don't mean they have good intentions

[Apostlekin$$$]

Do you all remember SERO ? This privacy coin has anonymous team too, I even judge the project because of its website design, my past mistakes though, sero protocol was a absolute success, we never know who the teams are till date, this project has over 3 million dollars trading volume every twenty four hours and it's listed on gate.io  and kucoin which are a top exchange too