Your strategy makes sense and is valid within the early investing approach.
Here are some key points to strengthen it and minimize risks:
Advantages of your approach
1. Low entry price: Buying at $0.01 can give you a great margin if it later rises to $1 or more after being listed on Binance.
2. Anticipation of the hype: If you identify solid projects before the "boom," you can sell for profit when they reach Binance or Launchpool.
3. High potential gain: Many tokens increase their value by x10 or more after being listed on major exchanges.
Important precautions
1. Verify authenticity: Make sure that the token (like CMX) you buy on CoinCap, Moonshot, or others is legitimate and not a scam with the same name.
2. Liquidity and volume: Although they exist, some tokens do not have real volume or have withdrawal limitations. Buy only where there is a possibility to sell later.
3. Secure contracts: Confirm that the smart contract of the token is the same one that will be listed on Binance.
4. Avoid FOMO in Launchpool: As you say, many times Launchpool delivers minimal gains compared to buying beforehand.
Additional suggestion
Keep a record of emerging tokens that appear on CoinMarketCap but are not yet on major exchanges. If you want, I can help you track new potential tokens weekly and notify you if any get listed on Binance.
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