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.
10.0.0.0.1 192.168.1.254 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!!
If the dev team is anonymous, I advise you to avoid such a project from a distance. If the dev team has good intentions and they care about the success of the project, they should have no problem revealing their profiles on LinkedIn or at least in social media.
When it comes to holding large amounts - it depends if it's a coin or a token.
In the case of coin it is very dangerous and if the dev team has 95%, stay away.
In the case of tokens, this is normal, because tokens are usually used to collect funds for the development of the project. They are often sold in multiple stages over a long period of time.