Dash revolutionized the crypto investment and now everyday a couple of new masternode project comes up with lucrative income opportunities. However, most of these end up with no development or exit scam. Investors can't even claim their money because they do not know the developer or the company. In recent time the issue increased significantly and it is high time to check the developer team before putting your money into any project. This is where the KYD project raised hands to help investors connect with the developers so that no one can get away with exit scam anonymously. At least, we have your identity. So, let me introduce you to the KYD project and some of its great features.
What is KYD?
KYD stands for "Know Your Developer" - it's a project that verifies other project developers to ensure that the project owner is not anonymous or not going to turn down with exit scam. The project's primary aim is to protect users investment in such a way. So, the KYD team is building a “certification” system to ensure their legitimacy to investors around the world. Additionally, the KYD platform brings escrow services for developer payments, review project developers and many more great features are in the pipeline.
Why should you use KYD?
KYD simply protects fraudulent attempts of exit scam by hiding the identity of the developer team. This platform verifies the identity of developers, team members behind a project and relevant individuals. Well, I do not know how they do this, how much data they collect from the developers but I'm sure it's pretty secure and something like KYC with much more reliability. So, if you are a developer, you should be verified with KYD to create stronger trust with your investors and project supporters. If you are an investor, make sure your invested project has KYD verified sign, so that they won't escape by throwing you in the ocean after taking your money. You can feel pretty secure if your project has KYD verified sign, I can't say about the success but at least it will not be a scam.
KYD masternode
KYD is not only a developer verification platform but also a masternode cryptocurrency that has successfully achieved a huge response from the crypto community. It already has 114 masternode online and at the current time of writing the ROI is 459.13% according to masternode.online stats. So, it's a pretty lucrative investment for passive income that brings you an extra $544 USD per month and $6,626 USD per year. The 10,000 KYD masternode collateral will cost you around $1,443 at the current price. So, it is pretty good to invest in this project. If you cannot afford to host a full node then you can use shared masternode service like Stakecube or Stakinglab to host a share of KYD masternode.
Trading KYD coin
KYD coin is currently tradable in Crypto-Bridge which is one of the largest exchange for masternode coins. Soon it will be listed in more exchanges. The price looks good even in this bear market.
KYD Verification
More than thirty-five projects have been reviewed so far and verified by KYD platform which can be seen by this link https://review.kydcoin.io. These projects include many major masternode projects like LightPayCoin, Deviant, SecureCloudCoin, Savenode Core, CatoCoin, Logis Coin and more. If you are a developer or project owner, you can submit a review request by going this link https://review.kydcoin.io/application
KYD coin specification:
Ticker: KYD
Algo: Quark
Coin Type: Pos & MN
Premine: 210.000 KYD
Max. Supply: 21,000,000 KYD
Block Time: 1 Min
MN Collateral: 10.000 KYD
Official Links:
Website: https://kydcoin.io
Github: https://github.com/kydcoin/KYD
Explorer: http://explorer.kydcoin.io
Discord: https://discordapp.com/invite/TCNj62R
Twitter: https://twitter.com/KYDcoin
Final words:
Lately, a lot of scams has happened in the crypto world which shall reduce after the arrival of KYD platform. Whether you know your developer or not, make sure they have been verified by the official KYD team and listed on the official website. This would help you to stay in the safe site, beside this KYD masternode is a great investment though.
Disclaimer: This article should not be taken as financial advice, it represents the authors view only and published for educational purpose only.
Tip jar: If you have enjoyed then you are more than welcome to tip some KYD
KYD: KKXraB3vDDJfb5eF3isouhT1WmAPxP7cok