A Crypto coin or token has the huge potential to be a strong project with significant and massive asset growth potential based on the following general factors:
1- Easy to Earn and Gather in the Early Stages
When BTC came on board, mining was very easy and profitable for early subscribers. Therefore early interaction subscription and interaction into every project usually gives more chances for easy accumulation and earnings. Most huge profitability in Crypto community is usually gotten by early participants and users.
2- Mining Difficulty Increases with Value
Like BTC, mining any token usually becomes more challenging and technical demanding as it would have gained popularity as moments pass by and its value increases, which will eventually make it scarce and potentially driving up the coin's value and price worth.
3- Application of Deflationary Mechanism for a Token:
Adopting a deflationary mechanism strategy for a coin with halving seasons such as it occurs in BTC and other coins helps in controlling inflation, create scarcity soaring and promotes long-term worth and value.
4- Utility, Functional and Practical Applications of a Token
A good token project should not just be a currency without any use or utilities but it should a purposeful function and uses for which it was made for and this will help to promotes and make it a long term project for use in everyday life, such as using a token for transaction during shopping ,entertainment, voting articles, investments, media of exchange and so on which help in enhancing its value and stability.
Having an utility backed token would help it to be a sustainable project in the long run with proper management.
5- Reliability and Transparency with Clearly Stated Mission
A token should have a clear roadmap for community members and investors and consistently engage them in virtual every decision being taken if not all in other to feel being carried along. Moreover, constant meetings with the community and meeting the deadlines for any promises made or requirements would go a long way in building and strengthening trust with investors and other enthusiasts of such of projects.
6- A good Publicity for Mainnet and Launching
Furthermore, a good token should indicate clearly when its going to mainnet for its project as this could help them get huge investors and influencers upon launching. Also a good launching price and good community interaction and growth could drive more potential and big investors into a project.
7- Meme or Shit Coin Co-Partnership or NFT Launching:
Not everyone on Crypto space has a huge whooping amount of assets to put into a project, so in order to carry along everyone in the crypto community whether big or small investors a meme coin as they say could be paired up with the main token which has a huge value so that those with little capital could also filled to be carried along and thereby getting some gains from the community as a participant.
It could be achieved by pairing up with any meme or shit coins and direct the community members to purchase it thereby increasing the worth of the coins and serving as mutual benefit to both communities.
Last but not least, a NFT(Non-Fungible Token) could also be awarded to some community members on the purchase of certain amounts or percentage of the community token either during presale or during the exchange or purchase and so on as this can also enhance the investors attitude of interaction with the project.
8- Partnership with Bigger and Renowned Projects
Some project managers also apply the strategy of partnership of pairing up with bigger and famous projects already known so far in the space which could help in building trust in potential investors and thereby giving them access to huge capital base and supply with large community members support.
9- Getting Big influencers in the Media for advertisement and influencing a project could also go a long to get huge support and popularity for a project thereby creating more chances for advertisement.
10- Philanthropic Gestures and having a traceable Antecedents of the project Owners and managers could make them clear out the doubt of investors and create a potential huge volume of cash flow for a project there increasing its token value.
With these afore-listed factors, any token has the potential to be an attractive investment opportunity, just like the early days of Bitcoin, Ethereum, Litecoin and others giving chances to early participants to multiply their assets more enough than subsequent subscribers and users.
That's all as regards this write-up and thanks for the usual support
Happy Blogging and Sereying
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