In a world ruled by rumors and FOMO [Fear Of Missing Out]It is becoming increasingly clear that a hard-working cryptocurrency must pass a litmus test to choose a sign to support in a world where real life projects are hard to find and long-term good projects are harder to separate from making money. ‘shitcoins’.
With recent developments where most new cryptocurrencies have reached record levels and not justified the noise of new ICO Projects after Crowdsale, we have avoided blaming ICO promoters on Social Media rather than blaming disappointed “investors”. Because they did not make the necessary effort to select the most likely after-sales winner before receiving a token during the ICO.
From my extensive observations, it became clear that most crypto buyers received money during the ICO on the basis of FOMO (Fear of Missing) created by the whimsical masters behind these coins. Many bought the coin without understanding its post-ICO purpose or what the token would do after Crowdsale. If nothing happens after the ICO, as in many ICOs now, they will jump on social media to shout bloody murders.
I and my team recently completed a tour of some parts of Africa and the United States to promote the Nollycoin ICO. We organized and sponsored different conferences, held live AMA (Ask Me Something) press conferences, and had very one-on-one meetings with crypto whales, small investors, and crypto millionaire wannabes of all colors.
Because of all of this, what amazes me most of all is that there is NO IDEA about the business or project behind the brand sales that MOST brand owners are involved in.
Even the strangest person I observed was the fact that many could not tell you the project’s value proposition, goals, or plan to disrupt the company’s market and gain a foothold in the industry. They just bought the ICO because a few telegrams or Facebook pages they visited called them ‘Buy’. Buy Hodl and more. ‘ Most acted with herd instinct rather than objective discussion.
If most of the people I met now were just teenagers or uneducated people, I wouldn’t be so surprised at the level of ignorance of so many crypto ‘investors’. On the contrary, most of the people I met were college graduates and people with some opportunities. Still, less than 10% of them were able to easily explain why they bought a coin, expecting it to increase in value over time. Everywhere I went, very few in the crowd could tell me the names, experience, and abilities of the corporate managers of the company that sold the coins.
The only thing most could point out was that the money was recommended by ‘respectable’ influencers; the facts proved that most of them gave money to create FOMO and to respect other useless shitkoins.
Apart from the so-called fake influencers, many crypto buyers knew that the names of the team leaders were Russian, Chinese or Korean, but they knew nothing about them. To have a successful ICO was to list the names of people from Korea, China or Russia that no one could verify with a simple Google search.
While I certainly agree that there are many things to decide whether a project’s tokens will increase in value over time, I think the acid test and the most immediate evaluation criteria should be the benefits of the coin itself beyond what will happen. in crypto exchanges.
While most cryptocurrency owners I’ve met don’t know this, the reality is that if you buy a token from most ICOs, you don’t really ‘invest’ in that company. You will not buy shares in the company and you will not receive any security from the company.
And at best, what you do when you buy a token at most ICOs is to ‘donate’ to a project in exchange for giving an auxiliary token or coin that has no real value outside of the business ecosystem controlled by the project company.
So, there is not much you can do with a miracle other than using the utility that was added to it by the ICO, except if you hope the price of the miracles will be ‘a month’ or rise to make you a millionaire.
Because no one can really predict exactly how a crypto will perform in a crypto exchange when it finally gets there, and recent experience shows that the prices of many tokens would most likely sink into the nose in the first few weeks of a stock exchange hit (big by speculators). due to sales discounts) it would make sense to look at what other value or benefits you can get from your schedule outside of the ‘mooning’ expected on the stock exchange.
As the crypto revolution continues to adapt, change, and adapt to different developments in the market, the only way to ensure that your money is not thrown into the pit is to make sure you can use these verses to gain great value and benefits. even if you can sell it immediately to make a profit on the stock exchange.
When making this decision, you should ask yourself this key question: What is the value, product, or service of the company that sells the tokens that will give me enough value to make this purchase on time?
In the world of falling prices for tokens on different exchanges, the more opportunities you have to take advantage of real life with a miracle outside the expected list on the crypto exchange, the better your chances of not getting upset or staying closed. verses that are useless to you.
So you have to ask again and again: if IF had never traded this coin on the stock exchange, would I still be happy to support the vision? If this miracle has lost 70% of its value on the stock exchange, can I still use it and get value for my money elsewhere?
If you haven’t been able to answer these questions positively after looking at WHITEPAPER and investing in the company’s claims, you should think twice before buying that coin.
A Recent Research
Take an existing ICO like Nollycoin, which is a sign that blockchain is strengthening the effective film distribution ecosystem. Coin promoters have created different benefit scenarios for coin buyers to ensure that their supporters and token owners continue to smile, no matter what happens with Nollycoin in the crypto exchange.
There are some great benefits added to the Nollycoin token in the Nolly Entertainment ecosystem
• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and movie theaters
• Netflix-on-steroid blockchain Ability to use Nollycoin tokens to access 1000 movies in movie streaming.
• Ability to use Nollycoin tokens to buy products and services at NollyMall, which is similar to the Amazon platform for entertainment-based products.
• Ability to use Nollycoin tokens to pay school fees on the NOLLY Academy platform and partner companies
As you can see, beyond the normal expectations that miracles can be displayed on a crypto exchange platform, beyond the intercession of an ico, you need to explore the immediate and promising benefits of the miracle and the vitality of the underlying project behind it.