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Normally people believe that taking part in token generation event or pink sale is profitable but the statement doesn't come true all the time. Some time you may suffer a big loss from the event. I invested almost $88 in token generation event. I have managed to accquire 220K token by the event. Unfortunately the price of coins dip down and my $88 investment has been shrinked to $43. My current loss is almost more than 50% of my initial investment.
As the coin is still to be launched on big exchanges. So, I decided to hold coins for a moment and wait for the right moment to sell the coins. The best option for me right now is to stake my ZK swap investment in flelxible staking. Currently my staking is giving me 22% profit.
As promised by the team, team started to give token generation event participation reward. I have managed to earn almost 44,000 ZK swap. which will be unlocked in next 5 months.
I am not sure if the price of the coins goes up or further down. May be my decision will be cost more from now. This is crypto market, any thing is possible here.
However, I am hopeful that listing on centralized exchanges and launching of ZKsync will definitely help coin to strengthen its worth. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.