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ICO Sold Out in Minutes? A quick tip

With ICO's (Initial Coin Offerings) reaching their hard cap in seconds, it becomes increasignly difficult to invest in a popular project before it hits an exchange.

However, what if you were able to push your transaction to the front of the line? That's right you beautiful b*$ch today we're going over some ninja techniques... if you're willing to pay the price.

Before going any further, please note that this specific method only works with MyEtherWallet.

Ethereum transactions all require you  to spend Gas. Gas is a brilliantly simple metaphor for the cost of any given ETH transaction to execute. With MyEtherWallet you are able to customize the price your willing to pay for that Gas, called Gwei.

However, with MyEtherWallet the maximum amount you're able to pay in Gwei is 99. 

To put it simply, these limits are just that...limits. With so many users out there attempting to send Ethereum to purchase any given ICO token, it really comes down to a matter of chance. One false keystroke puts you 30 steps behind someone else trying to purchase that same token.

But what if you were able to break through that limit, and purchase a pass that sent your order to the very front of the queue?

Note: this is a risky maneuver, you can easily waste hard earned Ethereum during this process. It's entirely possible that even though you increase your limits to what you can afford, there very well may be thousands of other people willing to pay 5 times that amount.

Once you initiate that transaction you can't get those transaction fees back. So if you wind up not getting your tokens because someone else paid more, you'll also have spent quite a bit of Ethereum in transaction fess in the process.

Step 1

After logging in to MyEtherWallet and your on the Send Ether & Tokens tab, right click on the drop down that allows you to change the Gas Price:

After clicking on that drop down, select Inspect (using the Chrome browser):

After clicking on inspect, you should now see a dashboard full of strings of weird looking text that one could best describe as hieroglyphics. This dashboard is called the Chrome DevTools. 

Now click on the tab (sideways triangle) 

Step 2

Double click where you see 99 Gwei. You should now be able to edit the text, make sure you only edit the actual number. 

If you happen to delete the "Gwei" then you will not know the gwei.

As you can see, I edited the Gwei beyond the limits of MyEtherWallet. It is currently showing as 200 when the limit is 90. Please note that 200 is quite high, I only selected this number to demonstrate this process.

In addition to editing the Gwei, I also use Eth Gas Station to get an idea of the amount of Gas I would want to use for any given transaction.

For a real world example of this process, I participated in a recent ICO and used 300 gwei and 300,000 gas and wound up only spending $35 in transaction fees. 

Also note that there will be Crowd sales that have limits. You will not be able to use this method for every ICO that your heart desires. They typically announce this information on their Telegram or Medium accounts so be sure to keep your eye on the prize.

About the Author Chet

ICO and Blockchain Digital Marketing | Cryptocurrency Enthusiast

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