#SUGARARMY are you ready for $SGFuel on BSC?
3 min readJun 16, 2021
If you have participated, or you’re participating in a token launch for the first time, the process of safely and securely taking part in such an event requires research, preparation, and vigilance to understand the different behavior between the market and the crypto investors.
OVERVIEW OF AN “ICO”.
An initial coin offering or ICO is primarily used by startups wishing to offer products and provide services, most of the time related to the cryptocurrency and blockchain field. This popular fundraising method helps a company starting their business, to create a new coin, solutions or Dapps etc.
The coin will have a utility for a software service or product offered by the company and some ICOs investors have seen their investment returned massivly. As on the other hand, a lot of ICOs have failed due to a poor performance by the creators or have turned out to be fraudulent.
TOKEN CREATION.
Tokens are being created by using specified blockchain platforms. The next step for creators is usually to run and promote the campaign to attract potential investors. It’s important to not confuse tokens with cryptocurrencies because tokens are just modifications of existing cryptocurrencies.
Our $SGFuel token will come with additional benefits, like rewards redistribution and privileged access to projects, products and services. A low cap of 75 BNB is required to guarantee the success of the ICO. The listing will be done by DxSale on Saturday, the 19th of June between 12:00–14:00 (GMT). After the end of the presale, the token will be available and liquidity locked on PancakeSwap.
HOW IT WORKS?
Crypto enthusiasts and supporters buy some of the project’s tokens, which provides stake of the product or service created by the company, if the funding requirements are met within the specified timeframe. The money raised is used to pursue the goals of the project. The strength of the community is a very important factor in our company plan. Every member of the #SUGARARMY is very important part of the project.
Early investors in an ICO operation are usually motivated to buy tokens hoping that the plan will succeed. After the launch, if the money raised does not meet the minimum funds required by the company, the money is returned to the backers; at this point, the ICO would be deemed unsuccessful.
SUGARFUELTOKEN BY SUGARFACTORY#BSC.
The primary benefit of an ICO is the potential for very high returns. The value of the tokens investors purchased during an ICO can climb above the price set during the ICO itself, and they will achieve overall gains.However, the investors enthusiasm can also lead people astray.
There is no guarantee that an investor won’t be losing money at the end. When you participate in an ICO and you buy the tokens projects, you also buy challenges, risks, and unforeseen opportunities. DYOR on a project goal, know the team of developers and look for legal terms and conditions.
© 2021 SugarFactoryBsc — Tha Doge Pound
