Surviving Beyond The FOMO – How to pick a winning ICO project with long-term value

In a world driven by hype and FOMO [Fear Of Missing Out]it’s becoming clearer every day that a die-hard crypto enthusiast has to pass a litmus test to pick a token of support in a world where real viable projects are hard to find and good projects with long-term prospects are even harder to distinguish from money grabs. “shitcoins”.

With recent developments where most new cryptos hit record lows and new ICO projects fail to live up to their hype after the Crowdsale, it’s now common for frustrated “investors” to blame ICO promoters on social media rather than blame. themselves for not doing proper due diligence to select the most likely post-crowdanalysis winner before purchasing a token during their ICO.

From my extensive observation, most crypto buyers simply bought coins during the ICO based on the FOMO (Fear of Missing Out) created by the hype masters behind those coins. Many just bought in without understanding the purpose of the coin post-ICO or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as is often the case with many ICOs now, they would then jump on social media to cry bloody murder.

Recently, my team and I just finished a tour of Africa and parts of the US to promote the Nollycoin ICO. We organized and sponsored various conferences, held live AMA (Ask Me Anything) press meetings and held many one-on-one meetings with Crypto spots, small investors and crypto millionaires of all stripes.

Through it all, one thing that surprised me beyond anything else was that most of the token holders had NO CLUE about the business or project behind the token sales they were participating in.

Even stranger in my observation was the AMAZING fact that most couldn’t tell you the project’s value proposition, its goals, or the company’s plan to disrupt the market and capture a portion of their industry’s buyers. They just bought the ICO because some Telegram or Facebook page they visited kept saying “Buy”. Hodl and buy more. Many have simply acted on herd instinct rather than objective deliberation.

Now, if most of the people I met were just teenagers or people with no education, I wouldn’t be so surprised by the level of ignorance of the crypto “investors” I meet. On the contrary, most of those I met were college graduates and people of some means. However, less than 10% of them could easily articulate why they bought a coin expecting it to go up over time. Everywhere I went, very few people in the crowd could tell me the name, experience, and abilities of the corporate managers of the coin trading company.

The only thing most of them could point to was that the coins were recommended by “respected” influencers, when the facts proved that many of them were paid for FOMO and respect for otherwise useless shitcoins.

Apart from the so-called fake influencers, the only thing among the crypto buyers was that the names of the team leaders were Russian, Chinese or Korean, even though they knew absolutely nothing about them. It seems that to have a successful ICO, all you needed to do was list the names of people from Korea, China, or Russia, which no one could even verify with a simple Google search.

While I agree that there are certainly many things to consider in determining whether project tokens will increase in value over time, I believe that the acid test and most immediate criteria for evaluation should be the utility of the coin itself rather than its , what will happen. in crypto exchanges.

While most crypto token holders I’ve met didn’t even know it, the reality is that if you bought a token from most ICOs, you weren’t actually “investing” in that company. You wouldn’t buy the company’s stock and you wouldn’t buy any securities from the company.

And at best, what you were doing when you bought tokens during most ICOs was “donating” to the project, giving yourself a utility token or coin that legally had no real value outside of the business ecosystem controlled by the issuing company.

That is, other than your hope that the price of the tokens will “lighten up” or rise to make you a millionaire, there is nothing you can do with this token other than enjoy the utility attached to it by the ICO company. If any.

Because no one could really predict for sure how Crypto will perform on the crypto exchange when it finally gets there, and most recent experience has shown that the prices of most tokens are likely to drop within the first few weeks of being listed (speculators due to heavy selling by ), it would make some sense for you to look at what other value or utility you can get from your token outside of the expected “moonlighting” on the exchange.

As the crypto revolution continued to spin, morph, and adapt to various market developments, the only way to make sure your money isn’t going down the drain is to be sure you can still use those tokens for great value and benefits. even if you can sell it for a profit directly on the exchange.

When making this decision, you should ask yourself this primary question. What value, product, or service does the company selling the token generate that will give me enough value for my cash to make this purchase worth my while?

In a world of falling token prices on various exchanges, the more opportunities you have to get real-life use of a token outside of the expected list on a crypto exchange, the better the chances are that you won’t be disappointed or left. signs that are useless to you.

So you have to constantly ask: If this coin was never traded on an exchange, I would still be happy to have supported the vision. If this token lost 70% of its value on an exchange, can I still use it and get my money’s worth with it somewhere else?

If you couldn’t answer these questions positively after reviewing the WHITEPAPER and investing in the company’s claims, you should think twice before buying that coin.

A Recent Case-Study

Take current ICOs like Nollycoin, which is fueling a Blockchain-enabled movie distribution ecosystem. Coin promoters have created various beneficial scenarios for coin buyers to ensure that no matter what happens to Nollycoin in the crypto exchange, their supporters and token holders will continue to smile.

Some of the great utility attached to the Nollycoin token in the Nollytainment ecosystem include:

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

• Ability to use Nollycoin tokens to access 1000 movies on Netflix on steroids blockchain Movie distribution.

• Ability to use Nollycoin tokens to purchase products and services on NollyMall, similar to Amazon’s 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 usual expectation that tokens can be listed on a crypto exchange platform, you need to look beyond the ico hype to the immediate and prospective utility of the token and the viability of the underlying project.