Since $1000CAT listed on Binance
What to Do When a New Token Launches on an Exchange
Here’s a simple guide to help you decide whether to buy a newly launched token, like $1000CAT:
1. Check for an ICO or Presale
• Was the token sold in an initial sale? If yes, what was the sale price?
2. Understand the Supply
• What’s the total supply of the coin? How much is circulating right now?
3. Know the Token’s Focus
• What’s the project about? Is it AI, gaming, Layer 1/2, or just a meme coin like CAT?
4. Look at the Launch Price
• Compare the ICO price with the launch price. Is the difference too big?
5. Check Market Cap
• If the market cap is already very high (e.g., over $500M), it’s likely overpriced, and early investors may sell off quickly.
6. Look for Previous Trading History
• Is this token completely new, or has it already traded on other exchanges?
7. Check for Free Airdrops
• Were tokens given away for free? Airdrop recipients might sell as soon as the token launches.
My Personal Advice:
• Don’t Buy Immediately
Wait and watch the price for a few hours or even days.
• Let It Stabilize
Allow the coin to form a base price before making a decision.
Takeaway: Do your research, don’t rush, and make smart decisions. Stay safe and keep learning!