##WARNING: If you want to be safe with F0 crypto, you should only collect coins listed on Binance!💥💥
😭This is my own experience, and after yesterday, I have even more reason to think that this point of view is reasonable.
👉I once spent part of my capital to collect CQT tokens of the Covalent project on a CEX exchange that is not Binance (please remain anonymous).
Yesterday when I checked, the token was gone. Asking in the tele group, the project said it is converting CQT into CXT at a 1:1 ratio. This news immediately caused CQT price to split 4 times
Even though we know that when converting, the project needs to withdraw CQT's liquidity to add new tokens. However, not only me, many other community members also think that this news was released too suddenly, causing the token price to fluctuate negatively, misleading investors, especially inexperienced F0 users. .
👉Small CEX tokens, or DEX, give you many opportunities to increase your assets many times, but also contain many times more risk. Typically, unexpected changes in plans cause shock to investors mentioned above.
For F0 users who do not have much experience, I think that only collecting Binance coins will help you minimize losses. The reason is that to list Binance, the project needs a certain "reputation".
💵In addition, when the uptrend market returns, new investors will know Binance first, instead of DEX exchanges with more complicated trading methods. New capital from them will help Binance tokens grow faster than the market average.
After reaping enough profits with Binance coin list, it is not too late to withdraw to play gamefi, NFT or meme DEX.