KYD - "Know Your Developer" is aiming to become a hallmark for trusted developers and provide us with added security in our crypto investments! It's a judicious project to verify the identity of other project's developers by setting a bunch of strict rules. So, today we will know why KYD is essential for every crypto projects and its investors.
After the Dash revolution, a lot of masternode projects has come up with lucrative passive income opportunities where most of them were just a scam. The developer simply flew away after the pre-sale, so investors lost their money in the darkness. Just because investors don't know the identity of the scam project, they have nothing to do with it in order to claim the lost money. This "scam project" trend has been increased significantly in the recent time, so I feel it is an urgency to have something like developers verification.
This is where the KYD project come up with the wise project to help investors by letting them know the identity of developers. So, now it is tough to get away with exit scam anonymously if the project is verified by KYD. While KYD cannot guarantee the legitimacy but the good news is they know the identity of the group of the developers so it reduced the chance of scamming with getting away.
What is KYD and Why should you use it?
KYD stands for "Know Your Developer" - it's a project that verifies other project developers identity. Ultimately, KYD ensures the developers is not anonymous and reduces of the chance of a classic exit scam. Primarily, KYD aiming to protect users investment in such a way. So, they are building a list of "certified developers" which is verified by the KYD team in order to ensure the legitimacy projects in cryptocurrency investors around the world. Moreover, the KYD brings many more good service in the pipeline including escrow services for developer payments. So, this is going to be a great project for this year and beyond.
KYD simply eliminating those projects who come up with fraudulent attempts or exit scam by hiding the identity. They believe knowing developers identity is a #1 rights of investors even if it is an anonymous friendly cryptocurrency. The team collects personal data, selfies, signatures etc to verify developers which is pretty similar to KYC method but I think it's much more reliable as they are asking for a selfie with handwritten signature and date on it. So it is essential for every project to be verified by KYD if they want to build trust with their customers.
Every developer should be verified by KYD
It's solely your choice to be or not to be verified by KYD, but it's essential if you want to push your project forward. You should be verified with KYD team to ensure stronger trust with your investors, and supporters. This will eventually increase the value of your project and more reliable exchanges, staking partners will take your hands, which is very effective to succeed in a project.
What if you are an Investor?
Your first requirement should be KYD verified.
Make sure you are investing in a project that has KYD verified sign so that they shall not escape without developing the project as shown in the roadmap or exit scam. KYD is a sign that investors can feel pretty secure. Once again, KYD cannot make sure anything about the success of a project, but they lessen the scam ideas.
KYD masternode investment
KYD is not only a verification platform for the developer but also a masternode project that has already gained huge fame among masternode investors. With over hundreds of masternode online, its ROI is still pretty impressive with over four hundred percent annual return. It's convincing enough to invest in this masternode but if you are still in confusion, I'm adding up some spice to make your mind positive. With this investment and assuming the current price, you can earn over six hundred US dollar per month, which is pretty cool for investing in a promising project. Still, need time to host a full node? Well, try service like Stakecube or Stakinglab to start your shared masternode of KYD.
Trading KYD coin
One of the largest exchange Crypto-Bridge where KYD is currently being traded with good volume. We are hoping for more exchanges soon.
KYD Verification
Due to huge demands of KYD verification, within a few months, more than thirty projects have been verified and listed on the platform including major projects like Logis, Deviant, LightPayCoin, Cato etc.
KYD verification process
Applying for verification is simple. Use this link https://review.kydcoin.io/application and fill the form correctly. Make sure you double check everything before submitting the form. Make sure you are using clear photographs in the right format. upload and submit all data. The process should not take more than 10 days to get back to you.
KYD verification pricing
With certain conditions, top coins might get a free listing. But here is the paid listing fees:
Paid Listings
- 5,000 KYD - ICO
- 3,500 KYD - Launched 1 (One) month Under Private (exchange required)
- 2,000 KYD - Launched 1 (One) month Under Public (exchange required)
- 2,500 KYD - Regular Private Listing
- 1,000 KYD - Regular Public Listing
IF anyone wants to do all the process urgently, then they should consider below pricing:
Fast-Track listings
- 2,500 KYD - Fast Track: Not Guaranteed to be the only coin listed that day
- 3,500 KYD - Fast Track: Dedicated Day, Twitter Post
KYD coin specification:
Ticker: KYD
Algo: Quark
Coin Type: Pos & MN
Premine: 210.000 KYD
Max. Supply: 21,000,000 KYD
Block Time: 60sec
MN Collateral: 10.000 KYD
Official Links:
Website: https://kydcoin.io
Github: https://github.com/kydcoin/KYD
Explorer: http://explorer.kydcoin.io
Twitter: https://twitter.com/KYDcoin
Discord: https://discordapp.com/invite/TCNj62R