A few weeks ago, I wrote about how I for the first time joined a launchpad sale on Kucoin for ClearDAO. The token price during the spotlight sale went up 40x when trading actually started, and even though they will deliver the tokens over time (10% every second week), I sold everything I got in the first portion, and I am already in a big plus.
Based on this success, I was very eager to take part in future spotlight sales on Kucoin, and it was almost that I missed out on the GARI token salen, because it was quickly announced and it was quickly over. But, I created this Twitter list that should contain important announcements, and I just managed to register before it was all over.
What will happen with the GARI token?
So, I just got my hands on $100 worth of GARI tokens (sold at $0.2 per token), and they just deducted the money from the KCS balance in my Kucoin trading account. Now I just have to wait for 4 more hours and then trading will start. If the GARI token will experience success like ClearDAO, then I will end up with a 4-digit number in profit here. But, there is one big difference.
This time all the tokens will be handed out at once. That means, there will be a bigger sell pressure and dumping pressure, and even though the project itself is interesting, I do fear that investors will be very eager to get some quick profit and just dump the tokens afterward.
What will happen? I will share a new article tomorrow and let you all know about it.
If you want to learn more about the Kucoin spotlight platform and how it works and how you can take part, take a look at the following article: https://www.ipaddressguide.org/how-to-take-part-in-a-spotlight-launchpad-project-on-kucoin-is-it-worth-it/
Have you taken part in the GARI token sale on Kucoin? I would love to hear your thoughts and whether you will sell your tokens at once, or if you will keep them and hope that it will be a major success in the coming years!
Look forward to your article... if this will be as big a success as the previous, your 100 bucks will turn into 4000. But, dropping all the tokens at once sounds dangerous, because then the whales have no reason to keep the price up (like they do when the tokens are distributed in 10% batches every second week).
Wasn't as big a success, but shouldn't be sad about 3,5x profit just clicking your mouse a few times either. Will publish the article about the results in a few minutes! :)