Crypto space can be sometimes challenging to navigate, especially for newcomers. If you’re not careful, you can easily lose money in this space. That’s why I always welcome projects which reduce the risk and provide some structure… I suppose you could say they ‘regulate’ the crypto space to some degree, which is always a bit controversial when it comes to crypto but let’s be honest – we are not going to reach mass adoption without at least some degree of regulation.
One of the most profitable types of crypto investing are IDOs – Initial Dex Offerings (if you’re not familiar with them, you can check out my previous articles here and here). But investing in an IDO is essentially investing in a startup, which of course involves a huge risk. One of launchpads – Kommunitas – came up recently with a very interesting way of reducing this risk. They’ve created something they call Priority Projects – projects that agree to and pass more stringent (than a typical IDO) criteria, the team is KYC and the funds are released 48 hours after a successful listing of the token.
Here are other Priority Project requirements:
If the project fails to meet any of the requirements listed above, the launchpad has the right to refund all the funds raised from the community. This way Kommunitas significantly reduces the risk for anyone wanting to participate in these IDOs.
To sum it up, if you’re relatively new to crypto and especially IDOs, participating in Priority Projects might be a good place to start. And even for more experienced users, it’s still a good option as investing in these projects should be less risky.
The content covered in this article is NOT to be considered investment advice. I’m NOT a financial adviser. These are only my own speculative opinions, ideas, and theories. Do NOT trade or invest based purely upon the information presented in this article.