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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

#crypto #crowdsale #ico

SECRETS To Finding a 100x Token Sale!! ✅

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Dec 23, 2020

 

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🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/ 📲 Insider Info in my Socials 👉  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ – TIMESTAMPS – 0:00 Intro 2:09 Fair Launch vs. Premine 5:26 ICODrops 7:56 Partnerships & Funding 10:20 Allocation & Tokenomics 13:08 Hype & Star Power 16:24 ICO vs. IEO vs. IDEX 19:30 Conclusion ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ ► Top 10 highest ROIs for cryptocurrency ICOs: https://cointelegraph.com/ico-101/top… ► Track upcoming ICOs with ICOdrops: https://icodrops.com/ ► Double check ERC-20 token allocations using Etherscan: https://etherscan.io/ ► How to find the next altcoin on the market that could 100x: https://youtu.be/GIfihSBT6Bc ► How to plan your ultimate altcoin exit strategy: https://youtu.be/ZGd6O79_MOc ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛏Fair Launch vs. Premine⛏ Fair launch cryptocurrencies are those that do not have any specific allocations and are earned by the people who actively participate on that cryptocurrency’s blockchain. By contrast, premined cryptocurrencies usually have a portion of their initial, total, and sometimes even future supply pre-allocated to certain groups of people. 💰Partnerships & Funding💰 The easiest way to fact check these partnerships is to go creep that cryptocurrency project’s blog or Medium page. If you cannot find a blog post that details the specific nature of the partnership, consider that a red flag. Similarly, any claims of being featured in reputable newspapers like Forbes or CNN are usually nothing more than paid promotions. 💸Token Allocation & Tokenomics💸 It is more common to see ICO token allocations of anywhere between 15 to 50% of the initial token supply. If less than 15% of the initial token supply is going to publicly sold, check to see whether the tokens allocated to founders, investors, and other non-ICO purposes will be immediately available or if they will be gradually released over a fixed period of time. The ideal tokenomics would be a gradual unlock for all non-ICO tokens that lasts at least two years or more and a maximum supply or very low annual inflation with bonus points if the token is deflationary. A token must also provide robust economic incentives for participation either due to its use case or staking or mining rewards. 📷Hype & Star Power📷 If the ICO you are interested in is currently underway, you can easily see if demand is high by how much money the project has raised relative to how long the ICO has been active. If the ICO you are interested in has yet to occur, go the website of the project and open up all of their social channels. Twitter, Telegram, Facebook, Medium, you name it. If they already have thousands of followers and have a high amount of engagement, you can be pretty confident that their ICO is going to do quite well. The real combo breaker is if this cryptocurrency project also has some amount of star power. This includes things like having reputable or popular founder, having any significant partnerships, or if the project is working closely with a current leader in the cryptocurrency space. 📊ICO vs. IEO vs. IDEX📊 An ICO occurs when tokens are directly transferred from the crypto project to investors who participated in the sale. The problem is that tokens issued in this manner do not usually list on any reputable exchanges right away. As such, a lot of the initial price action can be nothing more than market manipulation. Tokens issued during IEOs do not have this benefit but are instead blessed with the perk of being immediately available to inexperienced and irrational retail investors that will push the token to the moon if it starts to gain momentum. The issue is that IEOs tend to sell out quickly, tend to have a lot more requirements than ICOs for investors, and volatility also tends to be incredibly high in the first few days or even weeks after the IEO ends. IDEX offerings tend to be more expensive for investors due to the ETH gas fees that need to be paid to use the DEX. Consequently, the actual price you pay per token ends up being much higher than the initial price noted by the crypto project, and it is therefore common for the price of the tokens you bought to crash significantly in the hours and days that follow. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. #crypto #crowdsale #ico #token #ieo #uniswap #exchange

How To Pick The Next 100x Token Sale

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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that’s all for today my friends thank
22:38
you for watching and
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i’ll see you further on down the
22:46
[Music]
22:51
blockchain