Friday, June 9, 2023


by Hideo Nakamura

Waitlist – A Tool for Cryptocurrency Investors

A waitlist is a type of tool used by cryptocurrency investors to manage the demand and supply of digital assets. Waitlists are often employed when new coins or tokens are about to be released, allowing users to line up in advance to purchase them. It provides an efficient way for buyers and sellers to coordinate their transactions before the asset goes on general sale.

How Does a Waitlist Work?
When a user adds themselves onto a waitlist, they enter basic information such as their email address and wallet address (if required). This allows the seller or issuer of the coin/token to contact them with further details prior to launch day. Once verified, users may then receive priority access when it comes time for the public offering. Depending on how many people made it through verification process, some might get more allocations than others based on predetermined criteria set by the issuer.

Benefits of Using Waitlists
Using waitlists can provide significant benefits for cryptocurrency investors:

– Allows you get early access before everyone else that would like participate in buying into ICOs or token launches;

– Provides you with greater assurance that your orders will be filled;

– Can help reduce volatility associated with speculative activity around certain coins/tokens due its orderly nature;

– Can have lower transaction costs compared to other methods such as auctions or over-the-counter trading;

– Can provide greater transparency regarding order fulfillment since all participants have agreed upon terms upfront (e.g., price per unit);

Disadvantages of Using Waitlists
Despite its usefulness as an investment tool, there are also potential drawbacks associated with using waitlists:

– Could lead to market manipulation if certain groups gain preferential treatment over others;

– Limited liquidity could create problems if large numbers try selling at once after release date;

– The issuer’s reputation must be trusted prior engaging in any transactions via these services so always do research beforehand!

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