In order to discover “How To Find New Altcoins” there are a couple of things, we need to address.
Number one, what is an ICO?
Number two, what is a New Exchange Listing?
Below we will uncover the answers.
To find new altcoins, you need to know where to look. ICOs are a good place to start. With ICOs Cryptocurrencies can be bought before they even hit the market. Next, New Exchange Listings are another way to go. That’s when a new coin or token gets listed on an exchange. However, no matter which way someone decides to go, they should always be sure to do their due diligence before they decide whether or not to buy a new altcoin.
What is an ICO (Initial Coin Offering)?
An ICO is to the Crypto Markets, what an IPO is to the Equity Markets (Stock Markets).
It is basically just a way for any company or project to raise money to create a coin, service, or app.
Interested investors can buy in and they will be given a Crypto Token or Tokens (depending on the amount invested) issued by the company or project.
This token or tokens' value will come in the form of partial ownership in the company or project, or it may just have some utility in using their service or product.
ICOs are a way to find New altcoins before they are fully created. To participate in an ICO, there are a few steps that must be taken.
You must first register through the company or projects website.
If they don’t have a website where you can register and that tells you what their plans are, (e.g. amount of money needed, goals, etc..) more than likely they are full of it and not legitimate.
I personally would not get involved with any cryptocurrency project where that was the case.
Next, you will need to own Bitcoin or Ethereum in order to take part in an ICO.
Now, the minimum amount of Bitcoin or Ethereum that you will need to invest will vary from one ICO to the next.
Usually, the minimum is between $10 to $100 worth of either coin.
Also, whatever Crypto Wallet you use for your ICO Tokens, make sure it supports ERC20 Tokens.
Now on to the last step.
Once you have either Bitcoin or Ethereum and you are registered for the ICO, the next step is to buy the ICO Tokens.
To do that you must send your Crypto to the campaign’s wallet address.
Also, make sure you send the required amount of gas (the Transaction Fee).
One more thing, always be extra careful to send your Cryptocurrency to the right wallet address.
If you send it to the wrong one, you will lose your Crypto forever!
After you send your Crypto to the right wallet, then you will receive your ICO Tokens.
A lot of times you will receive your Tokens right away, but if not don’t panic.
Sometimes it can take a few weeks, months, or even longer to get them, depending on each individual project.
Now, I’ll add links to two websites that contain Info on active and upcoming ICOs.
This is merely for informational purposes only.
I do not endorse these websites, nor is this any kind of trading or investing advice.
With that out of the way, here they are.
A new Crypto Exchange listing is exactly that, it’s when a new coin or token gets listed on an exchange.
Therefore, an exchange is a great place to find new altcoins.
However, you have to keep in mind, when new Cryptocurrencies get listed on an exchange, a lot of times there are incredible price swings.
It could start high and come crashing down or start low and then shoot almost straight up.
When new Crypto’s get listed for the first time there is no price history.
So, prices for the first few weeks can be crazy.
There is a lot of risk that comes along with buying at the beginning like that.
In essence, it can make you or break you!
I think anyone who plans on getting in on a new crypto exchange listing should definitely do their due diligence first.
Lately, the crypto industry has become a little more organized.
So, each of the major exchanges has established defined sets of policy rules concerning new listings.
Now, there aren’t one set of rules for all of them.
However, they are all pretty close when it comes to certain issues.
Like security, for instance, it is a big concern for most major exchanges.
Also, they want to make sure that new cryptocurrencies are being developed by competent and professional engineering teams.
Another thing the exchanges tend to look for is a passionate and fully involved community.
That way they can be sure of sufficient market demand.
They also want to make sure it has real-world utility.
Nowadays, most major exchanges try to bring stable and popular assets to their users.
Although, I still don’t believe anyone should just take the crypto exchanges' word for it.
Anyway, like before, I will add a link to a site that has info on Crypto Exchange Listings including new altcoins.
Again, first I have to reiterate that this is not an endorsement, nor is it trading or investing advice.
It is for informational purposes only.
Alright, now that I’ve done the CYA (cover your a*s), the link is “Cryptocurrency Alerting”.
When finding a new altcoin there’s one thing you have to remember, all cryptocurrencies are basically a relatively new experimental technology.
Therefore you should always, always, always do your own due diligence.
For example, here is a good plan of attack when researching Initial Coin Offerings.
To start with, most ICOs will have a website and a white paper, which according to (BitcoinWiki) a “White paper is an official document usually issued by new blockchain projects before their ICO informing the reader about the new technology, methodology, product or service being launched.”
So, it is definitely recommended to “read the white paper”.
The white paper should also include a way to reach the team.
Speaking of the team, you should try to find out as much as you can about the development team.
A legitimate ICO should have the team members listed on their website.
The next thing that should be examined is the code.
If there isn’t any working code before the ICO, that should definitely be a major warning sign.
Also, if the team has a good social media presence and stays in contact with investors that tends to be a good sign.
One more thing, check to see if any well-established crypto-related VCs (Venture Capitalists) are investing in it.
They are usually very experienced and won’t put money into something that they don’t think has a good chance of succeeding.
The project will usually put the VC investors on the website where everyone can see, as that gives them more credibility.
People should still check that out as well to make sure it is legitimate.
What have we learned? One way to find new altcoins is an ICO (Initial Coin Offering). With ICOs Cryptocurrencies can be purchased prior to being fully created. Now, in order for someone to invest in ICOs, there are a few steps that need to be taken. First, the projects usually require registration. Next, owning some Bitcoin or Ethereum is also necessary for purchasing. Then the ICO Tokens can be bought and received. Also, New Crypto Exchange Listings is another way to find new Altcoins. Now we already know that “new crypto exchange listings” are just when a new crypto coin or token gets listed on an exchange. This is what the question was about, finding new altcoins. Also, I would like to end with this, remember that Cryptocurrencies are super volatile to begin with! So, I don’t think anyone should ever spend more money investing or trading in them than they can afford to lose. In other words, never bet the farm! Now, this isn’t trading or investing advice, it’s just my opinion.