How To Pick The Next 100x Token Sale
How To Find The Next Altcoin On The Market That Could 100x:
Very comprehensive info covering what things to consider in picking that 100x potential Token pick
How To Pick The Next 100x Token Sale
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FULL VIDEO TRANSCRIPT
00:01
for many cryptocurrency is synonymous
00:03
with financial freedom
00:05
besides being a form of currency that
00:07
exists outside of the current financial
00:09
system
00:10
the returns on cryptocurrency
00:11
investments are near impossible in
00:13
legacy finance
00:15
it’s normal for a crypto to jump by
00:17
double digit percentages in a day
00:19
or even a single hour now while bitcoin
00:22
does
00:22
see this sort of price action from time
00:24
to time many of you will know that these
00:26
impressive gains are much more commonly
00:28
seen in
00:29
altcoins with much smaller market caps
00:31
however
00:32
the holy grail of cryptocurrency
00:34
investing is finding that hot altcoin
00:37
well before it makes it to market
00:39
returns
00:40
on newly listed cryptocurrencies can
00:42
easily be 100x
00:44
or more with the highest recorded return
00:46
on investment for a cryptocurrency ico
00:48
sitting at around 1.3 million
00:52
finding the right early stage project is
00:55
no easy task but
00:56
by the end of this video you will have
00:59
everything you need to find the projects
01:01
that may change your life forever
01:08
[Music]
01:10
before i begin the banter i need to come
01:13
clean now i hate to disappoint you but i
01:15
am not a financial advisor
01:17
and so nothing in this video should be
01:19
considered financial or
01:20
investment advice consider this video to
01:23
be a valuable resource you can use to
01:25
further refine
01:26
your understanding of the cryptocurrency
01:28
space the name
01:29
is guy and the game is crypto here at
01:32
the bureau i investigate the latest and
01:34
greatest cryptocurrencies exchanges and
01:37
d5 protocols and then
01:39
give you no-nonsense breakdowns of what
01:41
i found in my daily videos on the
01:43
channel
01:44
so if that’s something you want to be a
01:45
part of hit that subscribe button
01:47
to pledge your allegiance to the bureau
01:50
pinging that notification bell will let
01:52
you know when it’s time for my latest
01:54
crypto briefing
01:55
as always i’ve left timestamps below
01:58
that you can use to get around and you
01:59
can even read short descriptions of each
02:02
section
02:02
in the main description if you’re
02:04
pressed for time all right
02:06
that’s enough introduction let’s get
02:08
started shall we
02:10
there are two terms you always need to
02:12
keep in mind when it comes to evaluating
02:14
an upcoming cryptocurrency
02:16
these are fair launch and pre-mine
02:20
fair launch cryptocurrencies are those
02:22
that do not have any specific
02:24
allocations and are earned by the people
02:26
who actively participate
02:28
on that cryptocurrency’s blockchain the
02:30
most famous
02:31
fair launch cryptocurrency is of course
02:33
bitcoin
02:34
bitcoin began when its genesis block was
02:37
mined in 2009.
02:39
this created the first 50 btc which went
02:42
directly to the person who minded
02:43
most likely bitcoin’s creator satoshi
02:46
nakamoto
02:47
as time went on and more people began
02:49
mining bitcoin the distribution of btc
02:52
increased along with the
02:53
decentralization and security
02:55
of the bitcoin network no btc was
02:58
pre-mined
02:58
none of it was automatically allocated
03:00
to any investors in the project
03:02
and 100 of the mining rewards went
03:05
and continue to go to the people who
03:08
participate
03:08
in the bitcoin network as miners other
03:12
examples of fair launch cryptocurrencies
03:14
include litecoin
03:15
dogecoin and more recently the wi-fi
03:17
token 100
03:19
of which was earned by those providing
03:21
liquidity
03:22
to various pools on yearn.finance
03:25
this is in sharp contrast to most
03:27
cryptocurrencies we see today
03:29
which had something called a pre-mine as
03:32
the name suggests
03:33
pre-mined cryptocurrencies usually have
03:35
a portion of their initial
03:37
total and sometimes even future supply
03:39
pre-allocated
03:41
to certain groups of people these
03:43
include investors
03:44
founders non-profit organizations of the
03:46
same name
03:47
those who participated in the public ico
03:49
and those who actively participate on
03:51
that cryptocurrencies network
03:53
assuming it has mining or staking
03:55
rewards
03:56
now since pre-mines often involve
03:58
allocating a large number of tokens to a
04:00
small group of individuals
04:02
and entities that have the same profit
04:04
motives as you and me
04:05
their selling behavior can and often
04:07
does suppress
04:08
price action the worst examples of this
04:11
are probably xrp
04:12
and stella neither of which have mining
04:14
rewards to incentivise decentralization
04:17
and both of which held the overwhelming
04:19
majority of their initial token supplies
04:22
when they launched
04:23
ripple in particular has come under fire
04:25
many times for selling large amounts of
04:27
xrp
04:28
that said pre-mined cryptocurrencies are
04:31
not always bad
04:32
they just come with a higher risk of
04:33
collapsing either financially
04:35
or programmatically due to a higher
04:37
degree of centralization
04:39
and an inequitable token distribution
04:42
likewise fair launch cryptocurrencies
04:44
aren’t always good
04:46
if they have bad tokenomics it can make
04:48
it very hard for them to see
04:49
any serious price action although most
04:52
new cryptocurrencies you see will be
04:54
pre-mined be
04:55
on the lookout for any fair launch
04:57
cryptocurrencies
04:58
they are incredibly rare and hard to
05:00
find but will likely yield
05:02
much higher rewards than pre-mined
05:04
cryptos
05:05
the best place to fish for fair launch
05:07
cryptos are places like twitter
05:09
reddit and bitcointalk sometimes the
05:12
crypto media will also cover a fair
05:14
launch crypto if it was created by a
05:16
notable personality in the space
05:19
for all the others you’re going to have
05:20
to get down and dirty and find the good
05:22
pre-mined cryptos
05:23
using an ico tracking website
05:27
while there are many ico tracking sites
05:29
the best is probably ico drops
05:32
on the home page you’ll find three
05:34
columns
05:35
the two that concern you are active ico
05:38
and
05:38
upcoming ico here you’ll be given a list
05:41
of a few dozen currencies
05:43
luckily ico drops provides a short
05:45
summary of each ico when you click on
05:47
them
05:48
if this summary is incredibly vague or
05:50
sounds identical to cryptos like bitcoin
05:52
and ethereum
05:53
you’re probably dealing with a grade a
05:55
coin
05:56
by contrast projects which have an
05:58
explicit use case that has not yet been
06:00
addressed by an existing crypto
06:02
or even seek to add value to blockchains
06:04
like bitcoin or
06:05
ethereum can have serious potential
06:08
to be sure there are a few more things
06:10
to check if you scroll down just a bit
06:12
you’ll see a few critical details about
06:14
the actual token sale
06:16
the first thing you need to do is make
06:17
sure that you’re actually allowed to
06:19
participate
06:20
in the token sale at all a list of
06:22
exempt countries is usually given on the
06:24
right hand side
06:25
i would also encourage you to study the
06:27
local laws in your country
06:29
that pertain to investing in these
06:30
projects just because they’re accepting
06:32
your investment does not mean that they
06:34
are
06:35
legally allowed to anyways the second
06:37
thing is to take note of the price per
06:39
token at ico
06:41
the lower the price the bigger the gain
06:42
assuming that everything goes according
06:44
to plan of course
06:46
the third thing to check is whether the
06:47
tokens being sold are erc20 tokens
06:50
or tokens issued on the project’s native
06:52
blockchain
06:53
you can consider this to be a dichotomy
06:56
similar to pre-mine and fair launch
06:58
if you see an ico that’s distributing
07:00
native tokens
07:01
this is generally a good sign because it
07:03
suggests that the project has already
07:04
put in the work
07:05
to create a functioning product or
07:07
platform by contrast
07:09
it takes very little effort to create an
07:12
erc20 token and it only costs a few
07:14
thousand dollars
07:15
to build a cheap website hire someone to
07:17
write a white paper filled with
07:19
buzzwords
07:19
and buy some publicity in pay-to-play
07:22
news outlets
07:23
the result is a cryptocurrency project
07:25
that looks promising on paper but has
07:27
no actual potential and perhaps even no
07:30
true intention of delivering on the
07:32
promises made at the outset
07:34
this happened hundreds of times during
07:36
the ico boom of 2017 to 2018
07:39
and unfortunately continues to happen to
07:41
this day
07:43
there is one exception to this though
07:45
and that is when evaluating some
07:46
promising defy launches
07:48
these projects generally have to issue
07:50
erc 20 tokens especially
07:52
if they want to interact with the
07:53
ethereum blockchain and its smart
07:55
contracts
07:57
if you continue scrolling down the page
07:59
of the ico you’ve selected you’ll see
08:01
that ico drops has conveniently taken a
08:03
few screenshots
08:04
which will show you things like the
08:06
token allocation any large investors in
08:08
the project
08:09
any notable partnerships and sometimes
08:11
even a roadmap
08:13
these images on ico drops can also be
08:15
really useful when evaluating a
08:17
cryptocurrency that is already on the
08:19
market
08:19
because in many cases the information in
08:22
those images is no longer available on
08:24
the website of that cryptocurrency
08:27
i personally do this as part of my
08:29
research into existing cryptocurrency
08:30
projects
08:31
and you can get the full breakdown of my
08:33
research methodology
08:35
in my recent video which i’ve linked to
08:37
in the top
08:38
right corner of the screen here
08:42
a good rule of thumb to follow here when
08:44
analyzing any partnership claims made by
08:46
a cryptocurrency project
08:48
is to assume that most of them are weak
08:50
or entirely non-existent
08:52
until proven otherwise sometimes a
08:55
partnership with google just means that
08:57
the people working on that crypto
08:58
company
08:59
use gmail the easiest way to fact check
09:02
these partnerships
09:03
is to go and poke around that
09:04
cryptocurrency project’s blog or medium
09:06
page
09:08
if you cannot find a blog post that
09:10
details the specific nature of the
09:11
partnership
09:12
consider that a red flag similarly any
09:16
claims of being featured in reputable
09:17
news outlets like forbes or cnn
09:20
are usually nothing more than paid
09:22
promotions thankfully
09:24
some cryptocurrency news sites like
09:26
cointelegraph clearly label these
09:28
sponsored posts
09:29
others not so much verifying whether a
09:32
reputable venture capital firm has
09:34
invested in the project is likewise
09:36
important
09:36
but can be a bit more difficult to do
09:39
you can again check that ico’s blog or
09:41
medium
09:41
to try and find details but you’ll
09:43
probably have more luck checking a
09:45
website like crunchbase
09:47
most cryptocurrency projects are listed
09:49
on crunchbase in some manner and you’re
09:51
often able to see
09:52
how much seed money was raised by that
09:54
crypto project
09:55
and where it came from crunchbase also
09:58
usually provides sources for these
10:00
amounts
10:01
here’s where things get a bit tricky
10:03
while it’s always nice to see that a
10:05
crypto project got millions of dollars
10:06
in funding from reputable venture
10:08
capital firms
10:09
that money will have some strings
10:11
attached to it exactly how many strings
10:13
are attached to that capital
10:15
is partially revealed through an initial
10:17
token distribution
10:19
of the project more often than not ico
10:22
drops will provide images detailing
10:24
token allocations for past
10:25
present and future cryptocurrency icos
10:29
ideally a majority of the initial token
10:31
supply should be sold
10:32
during the ico but this is almost never
10:35
the case
10:36
it’s more common to see ico token
10:38
allocations of anywhere between 15 to 50
10:41
of the initial token supply if less than
10:44
15
10:44
of the initial token supply is going to
10:46
be publicly sold
10:48
i would think twice about investing in
10:49
this ico
10:51
that said this will all depend on
10:53
whether or not these tokens will have
10:54
lock-ups or vesting schedules
10:56
in other words whether the tokens
10:58
allocated to founders
10:59
investors and other non-ico purposes
11:02
will be immediately available
11:04
or if they will be gradually released
11:06
over a fixed period of time
11:08
unfortunately the images that ico drops
11:10
provides do not always contain
11:12
details about these vesting schedules if
11:14
this is the case
11:15
you’re going to have to do some digging
11:17
to kill two birds with one stone
11:19
also be on the lookout for any details
11:21
relating to token supply
11:22
token inflation or token burning which
11:25
are also
11:26
not always provided by ico drops the
11:29
first resource you should check is the
11:31
cryptocurrency project’s website
11:33
if you’re lucky they’ll have a page
11:34
dedicated to their token which details
11:36
any lock-up periods or vesting schedules
11:39
the second resources are their blogs or
11:41
medium pages and what you’re looking for
11:44
is a post which goes into detail about
11:46
the token
11:47
the third resource you should consult is
11:49
that project’s white paper which should
11:51
also be
11:52
somewhere on their site you can either
11:54
scroll to the section which details the
11:56
token
11:57
or search the document using keywords
11:59
like allocation
12:00
vesting lock mining reward inflation
12:03
supply burn and mint the ideal
12:07
tokenomics would be a gradual unlock for
12:09
all non-ico tokens that last
12:11
at least two years or more and a maximum
12:14
supply or
12:15
very low annual inflation with bonus
12:18
points if the token is deflationary
12:20
most importantly a token must provide
12:22
robust economic incentives for
12:24
participation
12:25
either due to its use case or staking or
12:28
mining rewards
12:29
if you’ve gotten this far and still
12:31
don’t have a clear picture of this ico’s
12:33
token lockups
12:34
vesting schedules or inflation i would
12:37
personally
12:38
call it quits when an upcoming
12:40
cryptocurrency does not provide these
12:41
details upfront to investors
12:43
to me that’s a deal breaker however
12:46
if you are convinced there could still
12:48
be an investment opportunity here
12:50
your last course of action should be to
12:52
reach out to the team directly
12:54
using that crypto project’s github or
12:56
telegram channel
12:57
again you’ll usually find the links to
12:59
these somewhere on that project’s
13:01
website
13:02
assuming you’ve made it this far and
13:03
everything checks out you now need to
13:05
evaluate the hype
13:06
around the project in addition to strong
13:10
fundamentals
13:10
partnerships and tokenomics an upcoming
13:13
cryptocurrency project
13:14
must be able to generate the hype that’s
13:16
needed to get people
13:17
interested and engaged this is because
13:20
at the end of the day
13:21
the thing that’s going to propel the
13:23
price of any given asset
13:25
is high demand there are many ways you
13:28
can measure the demand for a
13:29
cryptocurrency in its ico stage
13:32
if the ico you’re interested in is
13:33
currently underway you can easily see if
13:35
demand is high by
13:36
how much money the project has raised
13:38
relative to how long
13:40
the ico has been active if it’s only
13:42
been a day
13:43
and the project is already 50 funded you
13:46
might have a winner on your hands
13:48
however the real moonshot icos tend to
13:51
sell out within hours or even within
13:53
minutes
13:54
meaning you’re going to have to measure
13:56
demand well before the money starts
13:58
flying
13:59
if the ico you’re interested in has yet
14:02
to occur
14:03
go to the website of the project and
14:04
open up all of their social channels
14:07
twitter telegram facebook medium you
14:10
name it
14:11
if they already have thousands of
14:12
followers and have a high amount of
14:14
engagement
14:15
you can be pretty confident that their
14:17
ico is going to do quite well
14:19
the real combo breaker is if this
14:21
cryptocurrency project
14:23
also has some amount of star power this
14:26
includes things like having a reputable
14:28
or popular founder
14:29
having any significant partnerships or
14:32
if the project is working closely
14:34
with a current leader in the
14:35
cryptocurrency space
14:37
this is important because as the ico
14:39
date approaches
14:40
explaining the objective value of a
14:42
cryptocurrency is going to become
14:44
less and less important picture this you
14:47
have
14:48
two cryptocurrency projects in their ico
14:50
stage let’s call them
14:51
a and b both have good fundamentals
14:55
tokenomics use cases the whole shebang
14:58
however a has star power whereas b
15:01
does not it’s hours before the ico for
15:03
crypto project b
15:04
and last minute investors flock to the
15:07
project to see if they’re going to
15:08
invest
15:09
since they didn’t do any actual research
15:12
the information they’re going off
15:13
is what they see on b’s social media
15:16
so they see a whole bunch of cool but
15:18
complicated infographic
15:20
statistics and a bunch of other stuff
15:22
that seems logical
15:23
and a few of them invest in the ico it’s
15:26
hours before the ico for crypto project
15:28
a
15:28
and last minute investors once again
15:30
flocked to the project
15:31
since they once again did not do any
15:33
actual research they’re going to make a
15:35
decision
15:35
based on what they see on that crypto
15:37
project social media
15:39
they see names of companies like google
15:41
and microsoft they see
15:43
pictures flaunting some handsome harvard
15:45
educated blockchain wizard
15:46
with a solid name like i don’t know guy
15:49
and perhaps even a photo of said
15:51
handsome guy shaking hands with
15:53
elon musk almost every single last
15:56
minute investor
15:57
instantly decides to participate in a’s
15:59
ico and some
16:00
even broadcast this amazing investment
16:02
opportunity on their own social media
16:04
channels
16:05
bringing even more investors into the
16:07
project now that these irrational
16:09
investors have bought in
16:10
it’s only a matter of time before they
16:12
become hopiomatics
16:13
and their irrationality is what will
16:15
ultimately guarantee
16:16
incredible returns for the more
16:18
level-headed investors who actually did
16:20
their research
16:21
and made the project relevant in the
16:23
first place
16:25
there is one last very important thing i
16:27
need to cover
16:28
and that’s the difference between icos
16:30
ieos
16:32
and idex offerings although all three
16:35
are fundamentally a means of selling a
16:37
cut of a cryptocurrency’s initial supply
16:39
they all have different implications on
16:42
price action
16:43
in my book an ico occurs when tokens are
16:46
directly transferred from the crypto
16:48
project
16:48
to investors who participated in the
16:50
sale
16:51
sometimes this happens on the same day
16:53
but usually this takes place sometime
16:55
after the ico has ended
16:57
the problem is the tokens issued in this
16:59
manner do not usually list on any
17:01
reputable exchanges right away as such
17:04
a lot of the initial price action can be
17:06
nothing more than market manipulation
17:09
if the token issued during the ico was
17:11
an erc20 token
17:12
it will often end up on uniswap this is
17:15
good
17:16
but far from ideal as it puts these
17:18
tokens out of reach of average traders
17:20
who use centralized exchanges
17:22
if the bull market continues in the
17:24
direction it’s going and retail
17:26
investors come rushing in
17:27
they won’t be going to uni swap to buy
17:29
that token and that’s
17:30
bad news for you on the flip side
17:33
not being immediately listed on any
17:35
reputable exchanges means a token can
17:37
stand to benefit
17:38
if and when those listing announcements
17:40
do come out
17:42
announcements that a token will list on
17:43
binance or coinbase are probably the
17:46
best opportunities to sell the top
17:48
when the hype comes in and buy the dip
17:50
when the price dies down
17:51
shortly after listing tokens issued
17:54
during ieos do not have this benefit but
17:57
are instead
17:58
blessed with the perk of being
17:59
immediately available to inexperienced
18:01
and irrational retail investors who will
18:04
push the token to the moon if it starts
18:06
to gain momentum
18:08
the issue is that ieos tend to sell out
18:10
quickly
18:11
tend to have a lot more requirements
18:12
than icos for investors
18:14
and volatility also tends to be
18:16
incredibly high in the first few days or
18:19
even weeks after the ieo ends
18:22
finally we have idexx offerings which is
18:24
when you use a decentralized exchange
18:26
to buy newly issued tokens idex
18:29
offerings
18:30
have no requirements since anyone with
18:32
an internet connection can use a dex
18:34
not surprisingly many idex offerings
18:37
have ended up being scams referred to as
18:40
rug pulls which is when a crypto project
18:42
issuing the token
18:43
runs off with the if people invested and
18:45
leaves them with useless erc20 tokens
18:49
idex offerings also tend to be much more
18:51
expensive for investors due to the eth
18:53
gas fees that need to be paid to use the
18:55
decks
18:56
these gas fees can be incredibly high
18:58
and usually need to be
18:59
if you want your transaction to complete
19:01
fast enough when the ethereum network is
19:03
congested with other investors
19:05
consequently the actual price you pay
19:07
per token ends up being much higher than
19:09
the initial price noted by the crypto
19:11
project
19:12
and it’s therefore common for the price
19:14
of the tokens you bought
19:15
to crash significantly in the hours and
19:17
days that follow
19:18
this can actually lead to a total
19:20
collapse of the price if there are too
19:22
many
19:22
weak hands keep those things in mind
19:25
when investing in
19:26
icos ieos and idex offerings
19:31
and there you have it your very own
19:33
step-by-step guide on how to pick the
19:35
next hottest cryptocurrency
19:37
before it even hits the market if you’re
19:39
lucky you’ll stumble upon crypto that
19:41
came into being through a fair launch
19:43
like bitcoin
19:44
realistically though you’re going to
19:45
spend a lot of your time separating the
19:47
good pre-mined cryptos
19:48
from the bad pre-mined cryptos using an
19:51
ico tracking site like ico drops
19:53
is a good place to scout out current and
19:56
future icos
19:57
these sites tend to provide short and
19:59
concise definitions of what the project
20:01
is all about
20:02
and let you know whether or not you’re
20:04
eligible to participate
20:06
they’ll also tell you whether the tokens
20:08
being sold are native tokens on a new
20:10
cryptocurrency blockchain
20:12
or erc20s that are sometimes backed by
20:14
nothing more than promises
20:16
figuring out whether a crypto project
20:18
will keep its promises partially
20:20
depends on who’s backing it seed money
20:22
from reputable venture capital firms
20:24
and tangible partnership with big names
20:26
inside and
20:27
outside of the crypto space are signs
20:29
that you’re dealing with a promising
20:31
project
20:32
but it also means that you aren’t going
20:34
to be the only investor with their hand
20:36
in the honeypot
20:38
token allocations tend to skew towards a
20:40
project’s founders
20:41
team investors and various other
20:43
purposes
20:44
leaving a small piece of the pie for
20:46
those who actually participate
20:48
in the ico whether or not this is a bad
20:50
thing depends on if there is a lock-up
20:52
period or vesting schedule for all those
20:54
non-ico tokens
20:56
this can be easily checked using images
20:58
provided by ico drops along with the
21:01
cryptocurrency project’s blog
21:02
and documentation this documentation can
21:05
also be used to answer any questions
21:07
relating to inflation
21:08
deflation supply caps and other
21:11
tokenomic factors that could influence
21:12
the price of the token in the future
21:15
once you’ve confirmed an ico meets your
21:17
standards on these various metrics
21:19
estimating the demand for that ico by
21:21
checking social media activity and any
21:23
star power
21:24
will give you the final confirmation on
21:27
whether or not it’s worth investing in
21:29
and finally be aware of the different
21:31
price trends typically experienced by
21:33
tokens sold
21:34
in icos ieos and idex offerings
21:38
while these are generally more important
21:39
in the short term their effects can be
21:41
enough
21:42
to make or break a crypto project during
21:45
this bull run
21:46
that’s it folks if you found this
21:48
information helpful
21:50
then let me know by smashing that like
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button
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that’s all for today my friends thank
22:38
you for watching and
22:40
i’ll see you further on down the
22:46
[Music]
22:51
blockchain