I am totally new to alt coins - trying to learn something new. I tried searching for this info and c as me up dry.
I was looking into a very new altcoin (will not name as I do not want to shill) and the white paper talked about a liquidity date named in the future. I am guessing this is when the Devs are allowed to start selling their bags?
They did a pre-sale and earned 10x their intended 10 BNB. How does this work? How do you find out about pre-sales and what is the advantage?
They are holding a huge amount of the coin (>95%) in a main account, being very transparent about it. They are using this to make social/community contributions. Is it normal to have the Devs holding such huge bags?
There are no humans listed on the site as the project team. Should this be a major concern?
Thanks!!
I think "liquidity date" means the day when they list their token on a DEX (decentralized exchange) which means from this date on the token is freely tradeable. I don't think it's the date when the Team Tokens get unlocked because that's usually wrote down in the vesting schedule and the tokenomics.
To enter a pre-sale you either have to be a VC with a lot of capital so you can make big investments which is needed to get into pre-sales or you are part of pre-sale groups like DuckDao in which you can invest into pre-sales even as a "normal" person.
If the token sale did not happen yet, then it is ok if there are still 95% of the coins in one wallet. In the whitepaper there should be a chapter where the token distribution is described. If they plan to hold more than 20% for themself than that is concerning in my opinion, usual shares for the team are between 10 and 20% and usually that tokens are also locked for at least 6 months but mostly for 1 year, so that the devs can't sell immediately after listing.
There are some projects that were successful even though they did not have a public team but for me personally i probably would not invest into such a project except is is a privacy project than it would make sense. So here you have to decide for yourself if this is a concern for you or not.