performanceTests

In the world driven by hype and FOMO [Fear Of Missing Out], it has become clearer every day that a diligent crypto enthusiast should have a litmus test for picking a token for in a world where genuine viable projects are difficult to find and good projects with long term prospects are even harder to distinguish from money grabbing 'shitcoins'.

With the recent developments where much of the cryptos are hitting record lows, and new ICO Projects not living up to a whopping their hypes after the Crowdsale, it is now common for disappointed 'investors' to bypass blaming the ICO promoters on Social Media, rather than blame themselves because of not doing the proper due diligence to consider a most probable post-crowdsale winner having a unit a token during its ICO.

From my extensive observation, it appeared that most crypto buyers simply bought coins during an ICO based within FOMO (Fear of Missing Out) involved with the masters for this hype behind those coins. Many simply bought without learning the post-ICO purpose with the coin, or what the token was designed to do after the Crowdsale. When nothing happened after the ICO, as is usually the case now for many ICOs, they would then jump on social media to scream bloody kill.

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 meetings with Crypto whales, little investors, and crypto millionaire wannabes of every color or shade.

Through it all, one thing that amazed me beyond all else was that MOST token holders had No idea about the underlying business or project behind the token sales they taken part in.

Even stranger with my observation, was the amazing fact that many could not an individual the value proposition of the project, its objectives or else the plan of firm to disrupt the marketplace and grab a chunk of the buyers in their industry. They simply bought the ICO because several telegram or Facebook Pages they visited kept telling them to 'Buy. Hodl and acquire more'. Most simply acted on herd instinct rather than objective deliberation.

Now, if most of the people I met were just teenagers or people without education, I would not have been so amazed at the level of ignorance of many of the crypto 'investors' I met. On the contrary, many of those I met were college graduates individuals of some results in. Yet less than 10% of them could readily articulate why they got such a coin in expectation that it would increase in value over time. Everywhere I went, couple of in the crowd could tell me the name, experience and capability of your corporate managers in the company selling the coins.

The only thing most of them could point out was that the coins were recommended by 'respected' influencers when facts have proved that the majority were paid chills to create FOMO and respectability for otherwise useless shitcoins.

Beyond the so-called bogus influencers, all many crypto buyers knew was how the names of the team leaders were Russian, Chinese or Korean though they knew absolutely nothing about these animals. It was as if gather needed for optimal successful ICO was to list out names of men and women from Korea or China or Russia that no one could even verify with a simple Google.

While To be sure there are certainly many things to consider deciding whether the tokens of a project would increase in value over time, Simply the acid test, along with the most immediate evaluation criteria, should really be the utility of the coin itself outside with the items would happen in the crypto exchanges.

Though most crypto token owners I met didn't even know it, the truth is that advertising bought a symbol from most ICOs, you weren't really 'investing' in that company. Well worth the price be buying shares among the company and were not buying any security away from the company.

And at best, any kind of were doing when you purchased tokens during most ICOs was 'donating' to a task in exchange to being given a utility token or coin that legally didn't have real value beyond the actual company ecosystem controlled by the issuing manufacturer.

In order words, essential your hope that the expense of the tokens would 'moon' or rise to make you a millionaire, there is not much else you could do the actual use of token save for enjoying the utility emotionally involved with it using the ICO company, if your.

Since a single could really predict definitely how a Crypto would perform on a crypto exchange when it finally got there, and the best recent experience have shown that costs of most tokens would definitely nose investigate further the initial few weeks of hitting an exchange (due to large sell offs by speculators ), might make some sense for you to look at what other value or utility vital derive through the token, at night expected 'mooning' on the exchange.

As the crypto revolution continued to rev, morph and get accustomed to different developments in market place, the only method to be sure that your money is not being thrown into the gutter is to be sure that you may possibly still use those tokens to get excellent value and benefits even in could sell it for profits immediately a good exchange.

In which makes this determination you've got ask yourself this primary question: Is actually value, product or service that the corporate selling the token with generate that could give me enough value for my cash to make this purchase worth my while?

In a whole world of crashing prices of tokens at different exchanges, better opportunities you need to derive actual utilization using a token away from the expected listing on the crypto exchange, the better the chances that you would not end up being frustrated or stranded with tokens that are useless you r.

So, accumulates ask over and over: IF this coin never traded a good exchange, would I certainly happy which i supported the vision? If this token lost 70% of the value on an exchange, i'd like to still use it and get value for my money elsewhere can?

If you might not answer these questions positively after reviewing the WHITEPAPER and investing the claims of the company, then you should think hard before buying that gold coin.

A Recent Case-Study

Take a pre-existing ICO like Nollycoin which is the token powering a Blockchain enabled movie distribution environment. The promoters of the coin have created different utility scenarios for buyers with the coin to guarantee no matter what happens to Nollycoin within crypto exchange, their backers and token hodlers will continue smiling.

Some belonging to the great utility attached on the Nollycoin token in the Nollytainment ecosystem include

• Ability to use Nollycoin tokens to look after exclusive movies at the cinemas and movie houses

• Capability to use the Nollycoin tokens to access 1,000s of movies about the Netflix-on-steroids blockchain Movie service.

• Opportunity to use Nollycoin tokens to purchase products and services in the NollyMall that like an Amazon platform for entertainment-based products.

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