In a world driven by hype and FOMO [Fear Of Missing Out], it is becoming clearer every day that a diligent crypto enthusiast needs to have a litmus test for picking a token to support in a world where genuine viable projects are hard to find and good projects with long term prospects are even harder to distinguish from money grabbing ‘shitcoins’.
With the recent developments where most new cryptos are hitting record lows, and new ICO Projects not living up to their hypes after the Crowdsale, it is now common for disappointed ‘investors’ to go around blaming the ICO promoters on Social Media, rather than blame themselves for not doing the proper due diligence to pick a most probable post-crowdsale winner before purchasing a token during its ICO.
From my extensive observation, it appeared that most crypto buyers simply bought coins during an ICO based on the FOMO (Fear of Missing Out) created by the masters of the hype behind those coins. Many simply bought without understanding the post-ICO purpose of the coin, or what the token was supposed to do after the Crowdsale. When nothing happened after the ICO, as is often the case now for many ICOs, they would then jump on social media to scream bloody murder.
Recently, myself and my team just finished a tour of Africa and some parts of USA to promote the Nollycoin ICO. We organized and sponsored different conferences, did live AMA (Ask Me Anything) press meetings, and held lots one-on-one … Read more