What is Coinlis? Coinlist is a Launchpad platform that attracts a lot of attention from the crypto community and many people participate in buying ICOs on Coinlist. Why does Coinlist create such appeal? Let’s find out together in the article below.
To better understand Coinlist, people can read some of the articles below:
- What is Binance Launchpool? Instructions to Join Binance Launchpool From A to Z
- What is OKX Jumpstart? Newbies Change Their Positions With OKX Jumpstart
- What is Binance Launchpad? Instructions to Join Binance Launchpad From A to Z
What is Coinlist?
Overview of Coinlist
Coinlist is a Launchpad platform, a launching pad for first-time Public Sales projects, also known as ICOs, to the Coinlist community. Coinlist was founded in 2017 by the founders of Angellist and Protocol Labs and has partnered with many major blockchain projects such as Filecoin, Blockstack, Solana, Celo, and many others.
Besides the Launchpad segment, Coinlist provides many services such as:
- Exchange: Allows users to buy, sell, and exchange many different types of cryptocurrencies.
- Custody of crypto assets: Allows users to store crypto assets.
- Lending: Lending activities on Coinlist.
- Staking: Allows users to stake tokens supported by Coinlist.
- Pro Trading: Allows users to trade trading pairs.
Why are people so fomo ICO on Coinlist?
Let’s review the most profitable projects on the Coinlist platform including:
- Solana grew 1,180 times.
- Casper grew 170 times.
- Flow grew 114 times.
- Biconomy grew 83 times.
- Immutable X grows 63 times.
- Near Protocol grew 51 times.
- Filecoin grew 47 times.
- Braintrust grew 42 times.
If everyone uses $100 to participate in the ICO on Coinlist and is lucky enough to win the purchase, your profit potential will be $118,000 with Solana, $17,000 with Casper, $11,400 with Flow, $8,300 with Biconomy, $6,300 with Immutable X, $5,100 with Near Protocol, $4,700 with Filecoin and $4,200 with Braintrust.
It doesn’t stop there, unlike Binance Launchpad that requires you to hold BNB at extremely high prices and OKX Jumpstart that requires you to hold OKB, Coinlist doesn’t require anything from you other than a fully KYC account and not in the US. that you can participate in ICO on Coinlist. Easy plus high profit as a user fomo projects on Coinlist.
Some signs are not positive
By 2022, projects are being sold on Coinlist at sky-high prices that users often say to each other that Coinlist is “price gouging” when projects sell ICOs with valuations of more than $500M, peaking at $800M is enough that the project has not yet been born but is close to becoming a unicorn of the market.
After that, users began to have no profit or even losses from participating in ICO on Coinlist. Coinlist’s reputation gradually decreased, but in mid-2023, Coinlist began to return to projects like Archway, Cybber Connect and Neon Labs with much more affordable prices. This proves that Coinlist has listened to the community and the market.
Some advantages & disadvantages of Coinlist
|
Advantage |
Defect |
|---|---|
|
Everyone can participate & there is no requirement to hold any assets to participate. |
KYC on Coinlist is still a pain because it is very difficult to get through if you try to cheat multiple accounts to increase your chances of winning. |
|
You can change your position with 1 – 2 projects on Coinlist. |
The odds of getting a purchase on Coinlist are extremely low. Except for “overpriced” projects. |
|
Coinlist is one of the best anti-cheat platforms that brings more fairness to users. |
With projects that are “overpriced”, users may suffer losses in their investments. |
|
ICO projects on Coinlist are usually quite good projects, highly appreciated and refined by the Coinlist team. |
Your account may be banned if you register to participate but do not deposit money to buy tokens |
Instructions for Participating in ICO on Coinlist
Step 1: Register an account
To join Coinlist, the first step is to prepare a KYC account (the KYC process requires CCCD, Passport, Selfile,…). If you do not have a Coinlist account, you can register with the link here.
To register for a Coinlist account, you should complete all the steps to increase the security of your account such as:
- Register the owner’s phone number.
- Register for main email.
- Use Google Autheciator.
Step 2: Search for ICO projects
There are 2 ways for people to search for ICO projects on Coinlist including:
- Method 1: In the left toolbar, enter Token Sales. Here you can see all the projects being sold ICO on Coinlist and the status of the projects.
- Method 2: Right in the Home section, people see the Active Now area which is also the most recent projects being deployed on Coinlist.
Step 3: Select Regiter Now
Here I will guide everyone to participate in a project that is being ICO on Coinlist at the time of writing (June 7, 2023), which is Archway – Blockchain platform built on Cosmos. Most projects’ registration processes are the same.
Step 4: Analyze the project
When we invest, we must understand what we are buying. Everyone can read about how I fundamentally analyze projects in the article 7 Steps to Complete Fundamental Analysis of a Crypto Project. Besides, Coinlist will announce tokenomics, you need to know some information as follows:
- What is the price of tokens sold + how many total tokens are sold + percentage of tokens sold and then we can deduce the project capitalization at what price Coinlist sells? Comparison with Coinlist’s recent projects? Projects in the same industry have been listed on major exchanges.
- What is the minimum – maximum amount we can buy? Buy with what assets? When do I need to deposit money?
- What is the token payout time? 100% at the time of TGE or will be unlocked gradually to have a suitable investment strategy.
Step 5: Start registering to buy
At the registration section, you will follow Coinlist’s basic instructions such as Confirming you are not in countries that are not allowed to participate in buying Coinlist, Answering some questions related to the project and Coinlist, etc. .
Step 6: Wait in line to buy
At the time the registration portal opens, you do not need to enter first because Coinlist does not follow the First Come, First Service direction but follows the Random direction. If you are lucky, you will be in the TOP of those who can buy.
For example: Archway Project sells a total of 10,000 exam slots. If you are below the number 10,000, you will definitely be able to buy it. If you are in the range of 10,000 – 20,000, then you can wait more because there may be more spots. in the first 10,000 you can quit and if you are outside the 50,000 mark you should probably go to sleep.
Attention: If you have finished buying, don’t rush to go to sleep, just wait a little and see what happens. As with the story of Cyber Connect, accounts with a maximum purchase of $500 will have the option to buy the next $1,000 after finishing.
Step 7: Payment
After successfully registering to buy in step 6, you will need to transfer money as you committed to Coinlist to the address Coinlist gave you.
Step 8: Receive tokens
Receive tokens on Coinlist pay day and have a strategy for it.
Some Tips When Joining Coinlist
The only way that can help you increase your chances of winning Coinlist is:
- Increase Karma points: Karma points are points that record your activities on Coinlist through the use of products such as Staking, Lending, Trading,… The higher your Karma points, the higher your winning rate.
- Use multiple accounts: I do not encourage people to create hundreds of Coinlist accounts, but owning less than 10 accounts is also something worth thinking about to increase the odds of winning Coinlist.
Summary
Coinlist is one of the reputable Launchpad platforms in the crypto market and every retail investor in the market should have at least one account.
