$KAITO Since $KAITO is listed on Binance, here's what you need to do when a new token is launched on the exchange
1- Find out if there was an ICO (initial sale) for the coin. If there was, what was the sale price? Or find out if they raised funds.
2- What will be the total supply of the coin and how much is in circulation at the time of launch?
3- What sector of technology are you focusing on? Is it AI, ecosystem, layer 1 or 2 or any other crypto narrative?#KAITOis the native token and the fundamental component of the AI-powered infofi network.
4 - Once you get all the information, wait and see at what price the coin launches. Compare the gap between the ICO price and the launch price.
5- What is the market capitalization of the coin at the time of launch? If it is too high, it is not worth buying it right at launch. It is likely that it launched at higher prices and those who got in on the presale or free airdrops will rush to pull their money out.
6- Make sure the price is not too high compared to the ICO price and that the market capitalization is below $500 million. Even $500 is more, but a price above this will imply greater risk.
7. Find out if it is a new coin or if it is already traded on other exchanges.
8. Find out if there was a free airdrop of this token. As far as I know, Kaito tokens were shared as a free airdrop for their community and were also shared among BNB Hodlers.
Once you discover all these details, ask yourself whether you should pursue this coin right after its launch or not.
My personal suggestion for you: don't even buy a coin right after its launch.
- Watch the price action for a few hours.
- Let the coin build a base price.
Make your decisions.
Disclaimer: Third-party opinions are included. This does not represent financial advice. There may be sponsored content. Read the Terms and Conditions.
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