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Normally people believe that taking part in token generation event or pink sale is profitable but the statement doesn't come true all the time. Some time you may suffer a big loss from the event. I invested almost $88 in token generation event. I have managed to accquire 220K token by the event. Unfortunately the price of coins dip down and my $88 investment has been shrinked to $43. My current loss is almost more than 50% of my initial investment.
As the coin is still to be launched on big exchanges. So, I decided to hold coins for a moment and wait for the right moment to sell the coins. The best option for me right now is to stake my ZK swap investment in flelxible staking. Currently my staking is giving me 22% profit.
As promised by the team, team started to give token generation event participation reward. I have managed to earn almost 44,000 ZK swap. which will be unlocked in next 5 months.
I am not sure if the price of the coins goes up or further down. May be my decision will be cost more from now. This is crypto market, any thing is possible here.
However, I am hopeful that listing on centralized exchanges and launching of ZKsync will definitely help coin to strengthen its worth. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Taking risks is crucial for the growth of wealth but I would recommend you to go deep down in such new projects. Newly launched programs always showcase advantages and bright side of their projects but the end result surpass you.
I always be careful with such new projects because understanding the actual facts takes time. Let the project run for few months then jump into it but obviously such events are for early investors.
You are spot on. Thanks for sharing your experience.
That's a good amount of tokens to earn from the generation event, congratulations! It will probably be worth more in dollar value as the project develops. It's good to stake it and let it grow for the meantime.
Whenever there are new projects like this we should invest in them because when they become popular then we see their prices go up a lot so that is the time to make good profit.
Keep holding it, it will give you good reward.
I hope so.
Congratulations brother stay blessed 💞
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Usually with such initial sales the big investors dump and when this dump is over a fresh interest comes in after price stabilization.
That would be the time to recover your investment.