Hey fellas. I recently stumbled upon soulmate.ai a few days ago.
My main business is quantitative trading, but I've been dabbling in presales for a little over two years now. It's much more fun than my main business, but it comes with its fair share of risks.
That being said, it all comes down to risk and reward. You have to ask yourself, what's the potential upside? Is the project trend-related?
What's the potential user base like? All of these factors are crucial. Remember, you're making an investment, not getting married to the product behind it.
Is there a market for the product? If so, forget about your personal preferences. Being rational about your investment will always take you further.
My buddies and I have certain criteria that must be met in order to justify an investment. Here are the categories:
1. Project fundamentals: Look for a presale that has a strong foundation, including a solid team, a clear vision, and a detailed roadmap. The project should have a clear use case and should solve a real-world problem.
2. Whitepaper and technical details: The whitepaper should be well-written, thorough, and easy to understand. It should outline the project's technical details and provide a clear explanation of the cryptocurrency's use case and features.
3. Community and social media presence: Look for a project that has an active and engaged community on social media platforms like Twitter, Telegram, and Discord. A strong community can help drive adoption and increase the value of the cryptocurrency.
4. Partnerships and collaborations: Research the project's partnerships and collaborations with other companies or organizations. These can provide valuable support and resources for the project and increase the likelihood of success.
5. Token economics and distribution: Understand the tokenomics of the presale, including the token supply, distribution, and any vesting periods. Look for a fair distribution model and a well-thought-out tokenomics design that incentivizes long-term holding and discourages short-term speculation.
Now, let's get back to the project. We checked it out ourselves and SoulMate ticks almost all of the boxes. As described earlier, maybe we personally aren't the target audience, but we're confident that there's a large audience for this product in the near future, and that's exactly what we're looking for.
Investing in presales is highly speculative, so it's important to only invest what you can afford to lose. (But the potential upside is tremendously high as well)