Hello everyone, my question is: how often do you invest in new and young projects? Aren't you afraid of losing money if the project closes?
I want to invest in a promising project called Yearnlab. Their token sale starts on 7th Dec and I think this is a good opportunity to successfully invest money.
Share your thoughts on such an investment. Maybe you have some interesting cases on this matter.
investing in new projects is very high risk, you should know 4 things before buying their tokens/coins:
1. Team (most of famous developers work on google and facebook)
2. Strong community (over 100k on Twitter and very strong forum)
3. Own blockchain (develop their own structure with their own EVM and cross chain)
4 Solve existing problems in cryptocurrencies (high fees, transaction processing speed, scalability)
these four points you should know