In a world pushed by hype and FOMO [Fear Of Missing Out], it’s changing into clearer each day {that a} diligent crypto fanatic must have a litmus check for selecting a token to help in a world the place real viable tasks are exhausting to search out and good tasks with long run prospects are even tougher to tell apart from cash grabbing ‘shitcoins’.

With the latest developments the place most new cryptos are hitting report lows, and new ICO Tasks not residing as much as their hypes after the Crowdsale, it’s now frequent for upset ‘traders’ to go round blaming the ICO promoters on Social Media, relatively than blame themselves for not doing the correct due diligence to choose a most possible post-crowdsale winner earlier than buying a token throughout its ICO Bybit.

From my in depth remark, it appeared that almost all crypto patrons merely purchased cash throughout an ICO based mostly on the FOMO (Concern of Lacking Out) created by the masters of the hype behind these cash. Many merely purchased with out understanding the post-ICO goal of the coin, or what the token was speculated to do after the Crowdsale. When nothing occurred after the ICO, as is commonly the case now for a lot of ICOs, they might then bounce on social media to scream bloody homicide.

Lately, myself and my staff simply completed a tour of Africa and a few components of USA to advertise the Nollycoin ICO. We organized and sponsored totally different conferences, did dwell AMA (Ask Me Something) press conferences, and held tons one-on-one conferences with Crypto whales, little traders, and crypto millionaire wannabes of each coloration.

By all of it, one factor that amazed me past all else was that MOST token holders had NO CLUE in regards to the underlying enterprise or challenge behind the token gross sales they participated in.

Even stranger in my remark, was the Wonderful proven fact that many couldn’t inform you the worth proposition of the challenge, its goals or the plan of the corporate to disrupt {the marketplace} and seize a piece of the patrons of their trade. They merely purchased the ICO as a result of a number of telegram or Fb Pages they visited saved telling