How the Crypto Industry will Continue

How the Crypto Industry will Continue
Surviving Beyond The FOMO- How To Pick A Winning ICO Project For Long Term Value

In a world-wide driven by publicity and FOMO[ Fear Of Missing Out ], it is becoming clearer every day that a careful crypto lover needs to have a litmus test for picking a token to subsistence in a world where sincere viable programmes are hard to find and good programmes with long term promises are even harder to distinguish from money grabbing' shitcoins '.

With the recent developments where most new cryptos are thumping record lows, and brand-new ICO Assignment not living up to their promotions after the Crowdsale, it is now common for disappointed' investors' to go around denouncing the ICO proponents on Social Media, rather than accuse themselves for not doing the suitable due diligence to pick a most probable post-crowdsale winner before buying a token during its ICO.

From my extensive observation, it appeared that most crypto buyers simply bought silvers during an ICO based on the FOMO( Fear of Missing Out) created by the masters of the publicity behind those coins. Numerous simply bought without understanding the post-ICO purpose of the silver, or what the sign was supposed to do after the Crowdsale. When nothing happened after the ICO, as is often the occurrence now for many ICOs, they would then jump on social media to scream bloody murder.

Recently, myself and my squad just finished a expedition of Africa and some parts of USA to promote the Nollycoin ICO. We organized and sponsored different consultations, did live AMA( Ask Me Anything) press sessions, and comprised batches one-on-one satisfies with Crypto whales, little investors, and crypto millionaire wannabes of every hue.

Through it all, one thing that astonished me beyond everything else was that MOST token purchasers had NO CLUE about the underlying business or programme behind the token marketings they participated in.

Even stranger in my watching, was the Amazing fact that numerous could not tell you the value hypothesi of such projects, its objectives or the plan of the company to disrupt the marketplace and grab a dollop of the purchaser in their manufacture. They simply bought the ICO because various telegram or Facebook Pages they toured maintained telling them to' Buy. Hodl and buy more '. Most plainly played on herd instinct rather than objective deliberation.

Now, if the majority of members of the people I met were just girls or parties without education, I would not have been so surprised at the level of knowledge of many of the crypto' investors' I convened. On the contrary, many of those I satisfied were college graduates and people of some represents. Yet less than 10% of them could freely articulate why they bought a copper in expectation that it would increase in significance over epoch. Everywhere I get, very few in the crowd could tell me the appoint, know-how and capability of the corporate managers of the company selling the silvers.

The only thing most of them could point out was that the coins were put forward by' respected' influencers when realities have proved that most of them were paid colds to originate FOMO and respectability for otherwise useless shitcoins.

Beyond the so-called bogus influencers, all numerous crypto buyers knew was that the names of the team chairmen were Russian, Chinese or Korean even though they knew absolutely nothing about them. It was as if all you needed to have a successful ICO was to list specifies of people from Korea or China or Russia that no one could even validate with a simple Google search.

While I concur there are certainly many things to consider deciding whether the tokens of a project would increase in appreciate over term, I review the acid test, and the most immediate evaluation criteria, should be the continued relevance of the coin itself outside of what the fuck is happen in the crypto exchanges.

Though most crypto token owners I gratified didn't even know it, the reality is that if you bought a token from most ICOs, you were not really' expending' in that corporation. You would not be buying shares of the company and you were not buying any insurance from the company.

And at best, what you were doing when you bought tokens during most ICOs was' donating' to a project in exchange to being given a practicality sign or coin that legally had no real value beyond the business ecosystem controlled by the issuing companionship.

In order statements, apart from your hope that the cost of the tokens would' moon' or rise to constitute you a millionaire, there is not much else you could do with the sign other than experiencing the utility attached to it by the ICO company, if any.

Since no one could really prophesy for sure how a Crypto would perform on a crypto exchange when it lastly got there, and recently completed knowledge have shown that the prices of most signs would most likely nose dive in the first few weeks of stumbling an exchange( due to large-scale sold to by speculators ), it would become some smell for you to look at what other significance or practicality you could derive from your clue, beyond the expected' mooning' on the exchange.

As the crypto rebellion continued to rev, morph and adapt to different developments in the market place, the only practice protecting your money is not being hurled into the channel is to be sure that you could still use those tokens to get excellent value and benefits even if you could sell it for profits immediately following exchange experiences.

In making this determination you must ask yourself this primary query: What is ethic, product or service that the company selling the sign with generate that will give me enough price for my money to make this purchase worth my while?

In a world of gate-crashing tolls of tokens at different exchanges, the more opportunities you have to derive real life used with a token outside of the expected schedule on the crypto exchange, the better the possibilities that you would not end up being annoyed or stranded with clues that are impractical to you.

So, you must ask over and over: IF this coin never transactions on exchange experiences, would I still be happy that I supported the perception? If this token lost 70% of its price on an exchange, can I still use it and get price for my coin abroad with it?

If you could not answer these questions positively after reviewing the WHITEPAPER and expending the claims of the company, then you should think twice before buying that coin.

A Recent Case-Study

Take a current ICO like Nollycoin which is the token powering a Blockchain enabled movie rationing ecosystem. The promoters of the coin have created different utility situations for purchasers of the copper to ensure that no matter what happens to Nollycoin on the crypto exchange, their benefactors and token hodlers will maintain smiling.

Some of the great utility is connected to the Nollycoin token in the Nollytainment ecosystem include

• Ability to utilization Nollycoin tokens to watch exclusive movies at the cinemas and movie houses

• Ability to use the Nollycoin tokens to access 1,000 s of movies on their Netflix-on-steroids blockchain Movie distribution.

• Ability to employ Nollycoin tokens to acquire products and services at the NollyMall which is like an Amazon platform for entertainment-based concoctions.

• Ability to use the Nollycoin tokens is payable for institution rewards at the NOLLY Academy platform and marriage fellowships

As you can see, beyond the normal expectation that the clues may be listed on a crypto exchange platform, you need to look beyond the promotion of an ico the immediate and prospective practicality of the clue and viability of the underlying projection behind it.