If a project has already earned a large enough fortune for the team to be financially free before issuing tokens, the tokens will most likely crash after being issued. Do not have the illusion that the project team will use the money they have earned to prop up the price, nor should you naively believe that since the project team has already made so much money, they will not sell the tokens to fleece the investors. For projects that have already earned a lot of money before issuing tokens, the token issuance is often just a formality to provide an explanation and a conclusion. If you expect them to use the money they have already earned to prop up the price or support the retail investors in making money, you are being overly optimistic. This type of project includes FriendTech and a few other very typical but unnamed projects that the speaker does not want to mention to avoid offending anyone. Readers can identify the projects themselves.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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