During this period, I have mainly focused my energy on the Genesis Launches of the Virtual platform, so I will pay attention to various information, including the statements of many participants involved in the launch of this platform online.
Over the weekend, I saw a post from a user on Twitter (link in the "Reference Links" section below), and I found the issues raised in it very worthy of our reflection and examination.
I have extracted three statements from this post that I believe are noteworthy to share with everyone, as follows:
- "Do the tokens launched through the Genesis Launch have real value?"
This participant raised many questions in this post, and this is one of the key questions. I feel that many of these questions can actually be observed and thought about to find answers on one's own.
When participating in a project, participants should certainly ask questions to the best of their ability, and ideally, the project team should also be able to answer these questions.
However, in many cases, for various reasons, it is difficult for the project team to satisfy the questioners. Some teams only partially answer questions, while others may not answer at all.
Some unconventional entrepreneurs sometimes ignore seemingly "simple" questions. Yet, such entrepreneurs can sometimes create miracles. It would be a pity if investors miss opportunities because they perceive the project as problematic due to the team's "dismissive" attitude.
I am not saying that the project should refuse to answer these questions, but rather that investors should be better prepared to seek answers themselves, rather than placing all their hopes on the team's responses.
Moreover, sometimes the project team's answers in specific situations may not truly reflect their inner thoughts. Some unscrupulous teams may deliberately conceal their true thoughts in certain situations. Therefore, even if the team answers a question, investors should not rely solely on that response to make decisions; they should still conduct in-depth investigations and research.
Thus, from any perspective, investors should learn to find answers themselves, rather than just focusing on a specific response from the project team.
Where to look?
Look for answers in the past statements, expressed views, and project white papers of the project team.
Regardless of whether the team deliberately conceals information in a certain situation or provides a "dismissive" response during a Q&A, past experiences and historical records are difficult to fabricate or dismiss.
A team that engages in deception will certainly reveal its true colors in past experiences and records; a team that appears "dismissive" will also express their true thoughts in their past experiences and records.
Therefore, for investors, the ability to seek answers from the project's historical records, statements, and expressions is crucial.
If one only waits for the project team to provide answers without actively seeking clues, it will inevitably lead to significant pitfalls in the long run.
- "Seven days later, the hackathon winning project from the virtual protocol, @solacelaunch, will launch. I believe this is one of the most anticipated projects among all projects that meet the Genesis Launch criteria."
In my experience, projects that are highly anticipated beforehand may not perform well afterward.
This is not necessarily a problem with the project itself; it resembles a kind of "mystical" phenomenon.
Therefore, I tend to maintain a cautious attitude toward such projects. If I also like and have confidence in them, I will participate, but I won't have overly high expectations. If I am not interested or do not have confidence, even if it is "widely anticipated," I will not participate.
For example, I did not participate in several popular projects recently launched on Genesis Launches, such as NAINCY, MANEKI, NYKO, and AXR: either I had little interest in these sectors, or I believed that the sectors these projects were in were already very crowded, and these projects did not show any obvious characteristics.
- "I have invested more than half of my assets into the purchase of $VIRTUAL and agent tokens."
I think this is the most important point for this investor to pay attention to when participating in this project.
So far, in the AI + Crypto sector, Virtual is the project I recognize the most, but even so, its risks should not be underestimated.
Investing half of one's assets into such risky projects is somewhat akin to gambling.
Of course, if this investor believes they understand the project very well and can clearly see its development and potential over the next few years without any doubt, then making such a heavy investment is not out of the question.
However, it is evident that this investor does not understand the project that well; otherwise, they would not have so many questions awaiting responses from the project team, and the tone of their questions clearly reveals anxiety and unease. Additionally, this investor likely has not done much homework to research the project, as the answers to their questions are not difficult to find through self-research.
In fact, the best approach for investors in this situation is to refrain from investing anything. Because of the fear of missing out (FOMO), rushing into a project they are not confident about and cannot manage the risks of could lead to disaster.
Reference Links:
https://x.com/baeko_02/status/1926401321650843887
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