As the most influential token public offering platform in the crypto world, CoinList’s “hitting newbies” wave triggered by major communities this year has become a phenomenon event in the domestic crypto industry. …
Behind this phenomenon is the crazy wealth effect of CoinList public offerings. In the case of Flow, the project token was listed on CoinList in September last year at a price of just $0.10, and up to 10,000 can be purchased. The price reached $6 after the launch of the exchange in January this year, and peaked above $40 in early April. The highest return was over 400 times, and the return is still over 100 times.
Now, CoinList can be thought of as one of the few reliable sources for ordinary investors to accessearly investment opportunities for high quality project. These early investment opportunities under the catalysis of bull market has brought considerable returns for investors multiples, then more and more cryptocurrency investors participate in the “dozen new” CoinList project.
However, due to the platform’s policy that CoinList does not support mainland Chinese residents to register (they can choose Chinese nationality, but they need formal documents of overseas residence) and the limited and random snapping mechanism, a number of professional “newbie-hitters” who are specialized in buying overseas CoinList accounts came into being. At the same time, there is a complete grey industrial chain from KYC data supply, account production and maintenance.
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