The harsh reality about the "crypto" industry that might be difficult for some to accept:
If your coin possesses the following characteristics:
a) Proof of Stake
b) ICO
c) pre-mine
d) has a foundation
Chances are, you're essentially financing a core founding team, contributing to their enrichment through a coin or token that holds little inherent value.
The entire narrative often revolves around marketing and a fantastical story that attracts believers, prompting them to invest significant resources.
In truth, these foundations typically have a single coin or token as their primary asset, allowing you to cash out when prices surge. And that's the extent of it.
This marks the conclusion of the story. 💔🪙
