On Binance, when a new coin launches, here's what you should do when a new token launches on the exchange
1- Find out if there was an ICO (initial coin sale) for the coin. If so, what was the sale price.
2- What will be the total supply of the coin and how much of that will be in circulation at launch.
3- What tech sector are they focusing on? Is it AI, ecosystem, gaming, layer 1 or 2, or some other cryptocurrency.
4- Once you have all the information, wait and see what price the coin launches at. Compare the difference between the ICO price and the launch price.
5- What is the market cap of the coin at launch. If it's too high, don't buy right after launch. Chances are the coin will launch at higher prices and people who got presale or free airdrops will rush to sell.
6- Make sure the price is not too high compared to the ICO price and the market cap is less than $500 million.
7. Find out if it is a new coin or if it is already listed on other exchanges.
