💰⏰ Early Investing

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 the Launchpool.

3. High potential profit: 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. Only buy where there is a possibility of selling later.

3. Secure contracts: Confirm that the smart contract of the token is the same one that will later be listed on Binance.

4. Avoid FOMO in Launchpool: As you say, many times Launchpool delivers minimal profits compared to buying beforehand.

Additional suggestion

Keep track of emerging tokens that appear on CoinMarketCap but are not yet on major exchanges. If you want, I can help you track new tokens with potential weekly and notify you if any get listed on Binance.

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