Hello Everyone,
Welcome to my thread. As a crypto user everyday we are getting introduced with many new coin/token. All the new projects have their different background. From my own thoughts I feel it necessary to be updated about a coin/token background where i believe its really important for us if we are involve with that project. Such as when when i plan to hold or purchase a new or existing crypto currency at that time i always try to look on their projects background like;
1. When did they launched their project?
2. How successfully they raised their fund from crowdfunding?
3. Did they follow their projects roadmap properly?
4. Did they keep their promises what they have done during project launching?
5. What was the ICO price?
6. What is the current price?
7. What was the lowest price after listing on exchange?
8. What was the highest price gain after exchange listing?
9. How many exchanges listed it for trading?
10. Are they giving regular updates for their social media followers?
11. Did they got any future development planning for their project?
12. How active the developer team is?
13. What is the current volume?
Why it's necessary to know the background: For example you have purchased a coin/token but you don't have regarding knowledge about it in that situation you can face terrible losses from your investment. As we all know that worldwide crypto exchanges delist token/coin on a regular basis. It can be for the inactivity of coin/token developer team, lack of volume, violating terms and conditions any many more. so if you invest your fund on that kinda project which is going to be delisted soon from all crypto exchanges then obviously you are going to lose your fund.
Finally I want to say that before getting involve with a coin/token we need to know about that projects background properly. I hope all of us will feel it necessary to have proper information about their background before holding or purchasing a new or existing crypto currency.
Good and valid points
But unfortunately it doesn’t make a token good
Neither does it ensure the future of any altcoins
But it can guide your investment options