I am a bounty hunter and also customers complain about this.
KYC in the customer's perspective is also very important to know the clarity of the team from the project.
Many ICO SCAMs place fake teams with unclear KYC status.
but to find out the project has a genuine team and has verified KYC can check it on the trusted site of icobench.com.
Many developers have joined and verified and they also help people who are competent in their fields so that they will be safer and more trustworthy.

KYC means nothing to us but the developer can use of your KYC to be sold to someone or just using it for the verification purpose.

I'm generalizing but all or most I seen about ICO promoting sites cannot really prove the projects are legit, I did seen a good few of succeeding projects but that is not something that can be atributed to the site itself since they only promote it.
Most of the scams are pretty poor made and well, they just similar clones nowadays.

Then there's again as someone mentioned, we are facilitating our information to perhaps indesirable identities while investing so an eye should be keept from all sides.

First of all we have the problem of fake ID, we could complicate things for them a lot, I mean what kind of stupid verifications we get on "legal" sites?, wether it be gambling or, whatever that involves information, meet in person could be nice but also really easy to scam, cam?

Second is capability, before, one had to come with code first. I seen 80-90% of the team aren't really programmers on most projects, what are we looking for people to plaster our ideas into a currency or usefull service, recreation etc. Or hypists to spam our not even made brand.
I were very harsh here, there is involvement of a lot of people for a project to succeed but you cannot expect to be able to do something just by finding nicer and better ways to tell something, and well having a wider audience to do so.

I don't agree with taxes, but people accepts them and since we are paying taxes for benefits or "cashout", extreme ones in some countries, we should also be able to use aid from the government in verifying their identity and, well, mentionable doings of the team.

However with this measure I'm extremely concerned for other projects, projects mantained and developed as communities and exchanges asking for such things for listing, there is projects that are developed differently like bitcoin, monero, ethereum etc, such projects could have proven developers which identity wished to be wished shall be private .

Everyone has a price.

Even trusted members of the community can be paid to write positive reviews.
And even if they are truly honest and do not want to do positive reviews for a few bucks, they could just make mistakes

So it's better to do your own research . .

I think LinkedIn is doing a good enough job for that already. Profiles that have been live for decades are not exactly falsifiable, and you can always contact the CEO's connections and ask around.

I think there is a need of an intermediary. A trusted intermediary which should receive the KYC of the applicants on the behalf of companies, verifies them and send the results to concerned company. I think there are already few websites providing this service but adopting them as intermediary is not a common practice among companies.
Such intermediary should work two-way, verifying applicants KYC one way and verifying the genuineness of company the other way. Everyone will be in win-win situation.

What's interesting is that projects that promise to create a decentralized platform are in demand for KYC. They're breaking down their own rules when they're at the beginning yet.

We used to have escrow that hold funds for projects but I only participated in a couple of them.


Sometimes parteneriates request such thing and is the way to take if you want to develop a legit business.


What I mean is the same but from the perspective of the community to prevent and be able to recognize and localize the subject in case of scam.

I accept to pass the KYC process only when the team members of the project are verified. If I can assure that the project is legit and won't steal my funds, I do  not have any problems by passing the full KYC procedure.