What Are the Due Diligence Steps to Take When a Project Has Partially Anonymous Members?

Investors should focus their due diligence on the public members and the verifiable aspects of the project, such as the smart contract code, governance model, and treasury controls. Scrutinize the professional track record of the known members and their association with the anonymous individuals, if stated.

Look for verifiable third-party audits of the code and security practices. Demand high transparency in project operations, fund usage, and decision-making processes, often through a decentralized autonomous organization (DAO) structure.

The quality of the code and the community support become paramount.