Early phases of cryptocurrencies are like those packed queues for a new iPhone—buzz everywhere, everyone ready to enter first. Crypto presale pass as a golden ticket. Though risk is great and prices are cheap, the benefits can be rather ridiculous. You hear tales like “I tossed in $200 and walked away with half a house, buddy!” True sometimes is what it is Other times, that house exists only in vapor.
Why do people run to presales? Hope, mostly. Before the throng moves in, people seek to find the hidden jewels. Also there is a small excitement associated with gambling. Some find it terrible to miss. Standing on the outside with nose pushed to the window and someone else feasting is nothing worse.
Your friend in research is yourself. Dream of wishes, then avoid throwing coins into every fountain. Enter whitepapers. Search for well defined objectives, a reasonable road map, and a staff with identifiable faces. Back off if you see cartoon avatars and extravagant pledges devoid of any specifics. Like a dubious investigator, ask questions, prod, point up flaws in the pitch. As they say, show me the money.
Not often are well-known crypto names involved with presales. Steer clear, then, if there is buzz around a “special advisor” with a generic title. Look at their web presence. Should you discover just tumbleweeds, there is cause for concern.
Regarding security, smart contracts help to filter some frauds; but, they shouldn’t let you fall into a false sense of protection. Inspections count. If a company boasts about outside audits, check out who completed them. Sometimes poor documentation mislead fresh graduates.
Steer clear of strong marketing and attractive graphics to avoid distraction. One finds a dime a dozen flashy websites. Every time, substance takes front stage over style. Think through token distribution following the sale. Does there a clever lock-up? Price falls follow a sudden token deluge. Usually, slow drips help to maintain things more constant.
The gold in community discourse is found Participate in forums and probe about. It’s telling if the only activity you observe is the company’s moderators spamming scripted responses and emoticons. Signs of a lively group are healthy debates, honest questions, skeptical voices.
Liquidity constantly lurks at the back of your awareness. Will you even be able to market once launch? There is occasionally a long wait. Check listings—coming exchanges, potential alliances, assurances about liquidity pools.
Presales are, all things considered, difficult labor. It is not about speculating on lucky numbers. It’s about turning over pebbles, occasionally getting messy, and ideally finding a pearl rather than only a frog.
Recall FOMO is a poor guide. Let your time pass slowly. Click slowly. Ask yourself, “Would I change the subject or would I brag about this move at a family barbecue?” You will know when it is appropriate. And if lucky, perhaps—just as everyone else is wanting to tell—you will be able to repeatedly share your wild presale story.