$KAITO Since $KAITO is listed on Binance, here's what you should do when a new token launches 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 they 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 what price the coin launches at. Compare the gap between the ICO price and the launch price.
5- What is the market cap of the coin at the time of launch? If it is too high, it is not worth buying right at the launch. Most likely it was launched at higher prices and people who got the pre-sale or free airdrops will rush to cash out their money.
6- Make sure the price is not too high compared to the ICO price and the market cap is less than $500 million. Even $500 is more, but a price higher than this will involve higher 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 its community and also shared on BNB Hodlers.
Once you find out all these details, ask yourself if you should chase this coin right after its launch or not.
My personal suggestion to you: don't even buy a coin right after its launch.
- Watch the price action for a few hours.
- Let the currency build a base price.
Make your decisions.
