Launch your own cryptocurrency token on Zora for $500, keep 50% of the supply, and sell portions once you attract investor money. The speaker claims active community-building beats buying existing coins for returns.
So here's a crypto strategy I'd use if I was starting off with $500 and I had no experience. So the interesting thing is, is that you could actually create your own coin and it'll give you the highest multiples. So there's this app called Zora. You can launch your own coin and then you can actually promote it to different people. Now, obviously you want to build some foundation. You can do a whitepaper, whatever the case is, but technically you don't need any money at all. Put $500 into your own coin. And if you just get like a couple of thousand investments, this could be high multiples for you. And then you can start slowly selling it because they give you 50% of the supply. So you get that $500 initial plus you get 50% of the supply. Now, obviously this comes with fundraising. You have to understand crypto. But what you could also do is get into these paid groups or free groups and build a community of people that are all interested in the same thing. So maybe the coin is not your name, maybe the coin is something along the lines of a brand, something that you guys all believe in. That right there, to me, although it is harder than just putting your money into a coin and, you know, 20xing it, the beauty of it is you can guarantee the profits by sweat equity, to put in the work to build the brand, and it guarantees your $500 investment, you know, also your skill set as an entrepreneur.
