The truth about private placement in the cryptocurrency circle: the shocking secrets hidden behind the high returns!

Have you seen through the private placement in the cryptocurrency circle that made people rich overnight?

Simply put, before the coin is listed for trading, everyone invests money first. If the coin is popular and valuable, it may be like Gongxinbao and Quantum Chain, and the investment of 10,000 yuan will become hundreds of thousands.

ICO usually starts before the project is completed, and the money raised is used to help the project to be released smoothly. For some large projects, the money from ICO will be handed over to the foundation to continue to support the development of the project.

ICO participants are also helpful to the success of the project. They can help promote, expand the community, and let more people know about the new project. They trade tokens and provide early liquidity for tokens.

There are always stories in the cryptocurrency circle about who has made a lot of money by participating in private placement. This is true, but don’t forget that it is only a very small number. Like the popular EOS now, it was also a private placement. At that time, there was a special crowdfunding website. Some people participated in private placement, and some participated in ICO. After one month, they were listed on the trading platform. After listing on the trading platform, it was just like new stocks listed on A shares, and the price rose desperately. At that time, everyone knew that private equity could make money.

Later, private equity went underground, and a large number of newbies entered the market, and problems arose. Many projects promised high returns, with a few pages of PPT as white papers, and asked for a minimum investment of 10 ETH, and guaranteed to make at least five to ten times the profit.

If you want to avoid pitfalls, you must open your eyes when choosing private equity, and look at the following aspects:

First, whether the project can be done and what problems it solves;

Second, whether there is celebrity support; (If there is celebrity support, even if it is a scam project, it may double)

Third, whether there is a website; (It is not difficult to build a website, but don’t even think about projects that don’t have a website)

Fourth, whether the website address is good; (For private equity projects with tens of millions or hundreds of millions of yuan, if you are reluctant to buy a good website, what future can you talk about)

Of course, there are good projects, but after institutions and bigwigs enter the market, retail investors have fewer opportunities. As the saying goes in the currency circle, "Whoever can enter the circle of private equity bigwigs will be the boss of the currency circle."

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If you want to avoid pitfalls when choosing private equity, click on my investment direction to find me in my main business, and Brother Yong will help you to rise to prominence!