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

[mu_enrico]

Anonymous only applicable to PoW coins that have a fair launch, not ERC tokens where the creator issues x million tokens from thin air. My belief is that anonymous creator/team for non-PoW-fair-launch coins is generally a scam. However, the token price can still pump even if it's a blatant scam. That's the beauty of current crypto market! lul

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[mariah.sadio]

People like privacy and not everyone are ready for full disclosure. It could be a red flag but not every anonymous project is a scam

[unusualfacts30]

If you look at top 10 cryptocurrency they all have non-anonymous dev. I don't think it really matters but you want to make sure that they have a team that you can go to if you have any question in the future. It is very important during this time when you have so many defi tokens popping up

[Febo]

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.

There is nothing wrong if developers are anonymous. But it depends what project they are developing. If it is an opensource project that was launch fairly. Without any ICO or premine or instamine or developer tax, then there is no reason why you would need to know who developers are. Projects like this are Bitcoin, Monero, Litecoin, Doge, ... You dont need to know who develops them since they never did and never will gain anything from the project. If it is good project new developers will join in the future even if current developers stop developing.  If for a project developers took any coins or are being paid during development or if they made a crowdfunding with ICO, then yes they need to give to people that gave them money, their names and address.

If you look at top 10 cryptocurrency they all have non-anonymous dev. I don't think it really matters but you want to make sure that they have a team that you can go to if you have any question in the future. It is very important during this time when you have so many defi tokens popping up

There are a lot anonymous developers at Bitcoin. Satoshi is anonymous.

[Falconer]

How can anyone be sure with an anonymous team, even a team with real identities is still in doubt and there is no guarantee for your investment. We are quite experienced with ICO scams, they don't care about published identities and some have dealt with the law. No offense, some anonymous teams can still be trusted but only on certain projects.

[Bitstar_coin]

@op you have hit the nail right on the head, I don't understand how a project will claim to be transparent yet all the teams are anonymous and stay hidden, yeah transparent my a**  
When I see projects like that I just assume they are not legit because if they where they won't remain anonymous, and I have noticed this to be common with all this new fake defi projects.

[wxa7115]

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 have always said this but if the coin is not a project that is related to your privacy and the team decides to be anonymous then there is a 99% chance that you are in front of a scam.

The reason they prefer to not reveal their identities is because they do not want the law to have any data on them and it is harder to catch them when the time comes, also people in this forum are very smart and if they decide to create a fake identity you can be sure that we will eventually realize that as people are very good at crosschecking their stories and revealing their nature as scammers, so they are avoiding this by not presenting their profiles and they are finding out that many people simply do not care which is perfect for their nefarious purposes.

[bobyhodob]

How can anyone be sure with an anonymous team, even a team with real identities is still in doubt and there is no guarantee for your investment. We are quite experienced with ICO scams, they don't care about published identities and some have dealt with the law. No offense, some anonymous teams can still be trusted but only on certain projects.

believe the project is seen from the team, only a few people do that because when investors and whale traders have entered by making the price go up rapidly it will influence other traders to enter and make them buy and support the coin to become more expensive than the previous price, so in this way investors and the whales are the ones who play an important role in increasing the high price.

[bitkanu]

@op you have hit the nail right on the head, I don't understand how a project will claim to be transparent yet all the teams are anonymous and stay hidden, yeah transparent my a**  
When I see projects like that I just assume they are not legit because if they where they won't remain anonymous, and I have noticed this to be common with all this new fake defi projects.

sometimes they meant transparency within their project or their system but we all know that if the team anonymous then that transparency is as good as nonexistent. a project team should not be anonymous and always giving their real identity for credibility even if that project is some measly project.
if they think they follow the path of satoshi nakamoto then they are wrong because satoshi nakamoto being an anonymous persona is simply because it has too much risk of being doxxed when first releasing bitcoin.

[aioc]

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.

There is no good in project with anonymous team, if they are asking funding they should not be supported if they have no name in the team page, investors will never know if the team behind the project are real people with good credentials to make the platform a reality, ICO projects should never have an anonymous team.

[xiboothrezi]

How can anyone be sure with an anonymous team, even a team with real identities is still in doubt and there is no guarantee for your investment. We are quite experienced with ICO scams, they don't care about published identities and some have dealt with the law. No offense, some anonymous teams can still be trusted but only on certain projects.

this does raise pros and cons. But anything can happen in the crypto world, even a project with a transparent team can end up being a scam, right? vice versa, the hidden team does not mean the project is bad. what we need to analyze more deeply is the project, vision and mission, and the product. if it really works and is profitable then it doesn't matter to me. like BTC, no one really knows who the team is.

[int03h]

The majority of DEFI's projects are anonymous and that is risky. Many scams, breaking projects in the middle, manipulating prices by selling out project tokens are the way anonymous groups are doing today.
Some of them are good teams and work seriously, we don't know how much they will develop the project. Even projects with a reputable publicity team were dismantled.
If you invest for profit, quickly join the ICO and get out.

[lienfaye]

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.

I agree, thats the reason why they chose to be anonymous.
But we know its important for the team to become transparent.
So we can check their background and their previous projects.
Anonymous team of the project is likely a scam so stay away.

[NavI_027]

I'm always like, why? Why would they prefer to stay anonymous. Is there any reason behind this or are they just copying satoshi?

Lol. What a lame reason in that case . They want to look like satoshi? If they will then at least they tried to make an alias but they not. Why? Simply because they want to protect their true identity when thkngs get f*cked up. They don't tell their names so that no one can sue them after they pull off their bad agenda — to scam. As simple as that. So stay away frkm such projects as much as possible. They are not trustworthy at all.

But here comes a twist, sometimes scammers are getting smart because they also knew how to use fake identities to make their project believable so better research thoroughly. Ask here if necessary.

[grabpopcorn536]

Anonymity in DEFI means letting go of responsibility more than growing. Projects with an anonymous dev team are mostly scams or copying code from other projects.
Satoshi created bitcoin, but he also mined himself 2 million bitcoins before he launched a way for people to mine, but luckily he hasn't sold all of it.
Anonymity meant more to me anonymity. I don't believe in anonymous team projects.

[el kaka22]

Obviously if you are not providing your own information when making a new project, I would never in a million years invest in you. I could have 200 billion dollars like Jeff Bezos right now and I could be retired and not working and just collecting profit over profit every day in billions and I would still not invest 1 dollar into a project that doesn't show who is behind it.

This is literally worse than dropping some changes on the street and not picking up after it, there is no reason for anyone to believe in a project that has no team behind it that believes enough to actually put their name on it. This is why I believe no matter how great they claim to be, I will never believe them, since they do not give their names I rather not deal with any problems they might do.

[adzino]

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.

They want to stay anonymous because their intention isn't right. Some of them legit wants to keep their identity a secret due to privacy reason. Others just wants to make sure no one finds them after scamming everyone.
It is not about copying Satoshi. If a coin that hasn't been premined and no ICO or funds in form of investment has been collected from people, then it is totally okay to hide the identity of a creator. But, if the creator is collecting funds from people, hiding their identity just makes them suspicious.

[Mauser]

@op you have hit the nail right on the head, I don't understand how a project will claim to be transparent yet all the teams are anonymous and stay hidden, yeah transparent my a**  
When I see projects like that I just assume they are not legit because if they where they won't remain anonymous, and I have noticed this to be common with all this new fake defi projects.

I agree with you, a project can't be transparent if we don't know the team behind it. This is definitely a red flag for me and I would wait for more information in the near future before investing. We are still in crisis mode due to corona, there is no vaccine yet across countries for all people. Until corona is really contained I would remain a bit more cautious than usual. Another thing is that there so many alt coins out there that are transparent and run a by a great team, it's hard to invest in all of them.

[livingfree]

They are not copying satoshi. What they do is trying to avoid future implications if they have bad thoughts and results about their project.

No one will be followed, no one will get sued if the team is anonymous. This is why it's good to follow those projects that has a known team and is composed of people that has experience in cryptocurrencies, not just the typical expert that the media says.

I agree, thats the reason why they chose to be anonymous.
But we know its important for the team to become transparent.
So we can check their background and their previous projects.
Anonymous team of the project is likely a scam so stay away.

Knowing the team will give you as an investor the confidence that you're with the correct team. But if the team is the one who's hiding in the shadows, there is no sense if you're too eager to invest with those projects.

The trust is important.

And if there's no trust found on the team as they are anonymous or if they are not yet majority that's part of the team are not trusted, why you should invest?

[blckhawk]

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.