Surviving Beyond The FOMO – How To Pick A Winning ICO Project For Long Term Value

In a world ruled by Hypnosis and FOMO [Fear Of Missing Out]It is becoming increasingly clear that a hard-working cryptocurrency lover has to undergo a litmus test to choose a sign to support in a world where real-life projects are difficult to find and good projects with long-term prospects are even harder to separate from money laundering. ‘shitcoins’.

Recent developments, where most new cryptocurrencies have reached record levels, and new ICO Projects after Crowdsale are not up to the task, it is now commonplace to blame frustrated ‘investors’ on Social Media instead of blaming ICO promoters. They themselves did not do the necessary research to select the most likely winner after the crowd before receiving a token during the ICO.

From my extensive observations, it became clear that the majority of cryptocurrency buyers simply bought coins during the ICO on the basis of FOMO (Fear of Loss) created by the masters of the hype behind these coins. Many simply bought the coin without understanding the purpose of the post-ICO or what the token should do after Crowdsale. When nothing happened after the ICO, as now in many ICOs, they jumped on social media to scream bloody murder.

Recently, my team and I completed a tour of parts of Africa and the United States to promote the Nollycoin ICO. We have organized and sponsored various conferences, held live AMA (Ask Me Everything) press conferences, and had many one-on-one meetings with crypto whales, small investors, and crypto millionaires of all colors.

In spite of all this, what amazed me the most was that there would be NO clue about the main business or project behind the token sales in which MOST token owners participated.

Surprisingly in my observations, it was an astonishing fact that many could not tell you the project’s value proposition, goals, or the company’s plan to disrupt the market and capture part of the buyers in its industries. They just got the ICO because a few telegrams or Facebook pages they visited said “Get it.” Buy Hodl and more ‘. Most of them acted with herd instinct rather than objective thinking.

Now, if most of the people I met were just teenagers or uneducated people, I wouldn’t be so surprised by the level of ignorance of most of the cryptocurrency ‘investors’ I met. On the contrary, most of the people I met were college graduates and people with certain abilities. However, less than 10% of them could easily explain why they bought a coin, expecting its value to increase over time. Everywhere I went, very few people could tell me the names, experience, and skills of the corporate managers of the company that sold the coins.

The only thing most of them could point out was that the coins were recommended by ‘respectable’ influencers, and the facts proved that most of them earned money to create FOMO and be respectful for other useless shitcoins.

With the exception of the so-called fake influencers, many cryptocurrency buyers all knew that the names of the team leaders were Russian, Chinese or Korean, although they knew absolutely nothing about them. All you need to have a successful ICO was to list the names of people from Korea, China or Russia that you would not be able to check even with a simple Google search.

Although I agree, there are many things to consider when deciding whether project tokens will gain value over time, and I think the acid test and the most urgent evaluation criteria should be the benefits of the coin itself beyond what will happen. in cryptocurrency exchanges.

Although most of the cryptocurrencies I’ve met don’t know this, the reality is that if you get a token from most ICOs, you don’t really “invest” in that company. You did not buy shares in the company and did not receive any securities from the company.

And best of all, what you do when you buy tokens during most ICOs is to “donate” to a project in exchange for a useful token or coin that has no real value in the business ecosystem controlled by the issuing company.

In other words, there is not much you can do with a token other than enjoy the utility that the ICO has added to it, other than hoping that the price of tokens will make you a “moon” or rise to become a millionaire. if any.

Since no one can accurately predict how the cryptocurrency will perform on the cryptocurrency exchange when it finally arrives, and recent experience has shown that the prices of most tokens are likely to fall in the first few weeks of entry (due to speculative sales). outside, it would make sense to consider what other value or benefit you could get from your token.

As the cryptocurrency revolution continues to change, evolve, and adapt to various developments in the market, the only way to ensure that your money is not wasted is to make sure you can still use those tokens for great value and benefits. even if you can sell it on the stock exchange for immediate profit.

When making this decision, you need to ask yourself this key question: What is the value, product, or service created by the company that sells the token, and will it give enough value to my money that this purchase is worth spending on me?

In a world of falling token prices on different exchanges, the more opportunities you have to use a token in real life with a token outside the expected list on the crypto exchange, the better your chances of not getting upset or getting stuck. signs that are useless to you.

So you have to ask again and again: IF this coin had never been traded on the stock exchange, would I still be happy that I support the vision? If this token has lost 70% of its value on the stock exchange, can I still use it to get the value of my money elsewhere?

If, after reviewing WHITEPAPER and investing in the company’s claims, you have not been able to answer these questions in the affirmative, then you should think twice before buying that coin.

Recent Sample Research

Take a current ICO like Nollycoin, a sign that strengthens the film distribution ecosystem that activates blockchain. The promoters of the coin have created various useful scenarios for the buyers of the coin to ensure that their supporters and token hodlers continue to smile, no matter what happens with Nollycoin on the cryptocurrency exchange.

The Nollytainment ecosystem includes some great support programs added to the Nollycoin token.

• Ability to use Nollycoin tokens to watch exclusive movies in cinemas and movie theaters

• Ability to use Nollycoin tokens to access thousands of movies on the Netflix-on-steroid blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services at NollyMall, an 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, in addition to the usual expectations that tokens will be listed on the cryptocurrency platform, you need to go beyond the icon of the ico and look at the immediate and long-term benefits of the token and the vitality of the project behind it.