If the only purpose of a coin is to gain value and make ‘early adopters’ rich, then it will fail.
1 min read
I have seen countless of new projects overpromise that their coin will go to the moon.
I have seen teams dedicated to saying “we will be so rich”
Things always crumble when you start to ask: What is your use case ? What problem do you solve?
If you are discovering a coin which is promoted for the sole ‘future value’ of the coin, it is a predatory project which will most likely fail and/or burn a lot of people. This should be one of the reddest flag for anyone.
In our market, hype is a real factor it is true BUT utility is king.
Your coin utility is to reward debt forgiveness? Great!
Your coin utility is to apply the blockchain to the housing industry through a metaverse to do VR visits of real houses and flats? Great.
Your coin utility is to make early adopters rich ? Not great !
Tldr: Coins made to go “2 the moon” will never go there, the best coins have utility.
submitted by /u/Nostalg33k
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