Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, "I will tell you about the tragedy of Alien Worlds game token Trilium (TLM) and what lessons should be learned". What are Trilium tokens?
Why inexperienced investors have been eating at the table of the wolves…?
What can we learn from this incident…?
Let's start …
What is Alien Worlds Game…?
Alien Worlds is an NFT-defined game that runs on Ethereum, Binance Smart Chain, and WAX blockchains. Trilium (TLM) is the game cryptocurrency. Explorers can buy, rent, and mine land on planets. Thus, they can take part in the management of planets. While doing these, they can offer and receive NFTs.
This game was not well known until farming was announced on Binance Launchpool. This announcement date is April 6th. Farming will take place on Binance for a month, and it was listed on Binance after the first 5 days.
Experiences in the time until listed;
Before Binance was listed, it was listed on MXC and DODO exchanges. With the Binance announcement, TLM, which was $ 2 on April 7, rose to $ 7 by April 12. Information about the game spread in the markets. The posts started to circulate on Youtube, Twitter and Telegram.
The whales sold to inexperienced investors on the MXC and DODO exchanges. Thoughts from inexperienced investors, "Listed on the Binance stock exchange will be minimum x3, we will be rich"
With the opening of the Binance exchange on April 13, the price dropped to $ 0.6 an hour until inexperienced investors shocked.
My opinion; It is not impossible for the TLM token to get $ 7 again, but it is a difficult situation. Nothing is impossible in the cryptocurrency markets. But you will keep it in your hand for a long time. You will miss other opportunities…
First, what to do if you have $ 7 TLM on hand…?
First of all, it should be calm and not sell at $ 0.6. As it falls, reduce your cost. Follow the developments about the game. Play the game, take advantage of the possible advantages. Track their entries to other exchanges.
Well, what should be done to avoid such situations later on…?
First you need to go to the game's website, log in and see how the game is played. I did this. The game did not interest me. I looked at social media channels, reviewed articles.
Then I looked at the total supply.
Max. Supply 10,000,000,000 TLM, before Binance farming had 125,000,000 TLM in circulation. After Farming (one month), it will be 275,000,000 TLM in total circulation. There is a locked 1,250,000,000 TLM in the first supply.
I am asking myself the following question; Is it more valuable when the cryptocurrency, which is $ 2 when there is 125,000,000 TLM, is 275,000,000? My answer is; No price drops…
Sandbox game cryptocurrency SAND market value as peer is $ 0.7 (686,000,000 in circulation, total supply 3,000,000,000)
My friends, you can decide whether to invest in a cryptocurrency by spending 2-3 hours in total.
I'm just farming with my current BNB tokens.
I sold free TLM tokens at the time of being listed for $ 1. I will sell as I accumulate.
The things covered in this article are not investment advice. I am sharing my experiences with you.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…