Introduction

Investing in Initial Coin Offerings (ICOs) can be a rewarding way to support new projects and potentially gain significant returns. If you have invested in ATS Authorship, an upcoming ICO scheduled for September 14th, you may be wondering how to convert your ATS tokens into cash. This article will guide you through the process of withdrawing ERC20 tokens and converting them into ETH or USD.

Understanding ERC20 Tokens

ERC20 tokens are a standard for tokens on the Ethereum blockchain. These tokens can be traded on various decentralized exchanges (DEXs) and centralized exchanges (CEXs), making them versatile and widely recognized. If you've received ATS tokens in your MyEtherWallet (MEW), it’s important to understand that these tokens are ERC20 compliant, allowing you to explore various options to convert them into cash.

Withdrawing ERC20 Tokens from MyEtherWallet

Withdrawing ERC20 tokens from MyEtherWallet is a straightforward process. Here are the steps:

Unlock the wallet: Use the password or 12-word mnemonic to unlock the wallet that held the DAO tokens. Specify the address: Enter the wallet address where you want to withdraw the tokens. Donate to the WHG: Enter an amount you're willing to donate to the White Hat Group (WHG) to help them recoup their efforts in facilitating the withdrawal process. Complete the withdrawal: Press the 'Send' button to initiate the transaction. Ensure you have enough funds and gas allowance before proceeding.

Converting ATS Tokens into ETH or USD

The most reliable and secure way to convert your ATS tokens into ETH or USD is to wait until they are listed on reputable exchanges. Here’s a step-by-step guide:

Research exchanges: Use search engines like DuckDuckGo or Google to find exchanges that support ATS tokens. Sign up and fund: Create an account on the exchange, fund it with ETH or other supported cryptocurrencies, and buy ATS tokens. Withdraw to cash: Once you have ATS tokens, withdraw them to an exchange that supports fiat-to-crypto withdrawals, and convert them to ETH or USD. P2P/OTC options: In the meantime, you can explore Peer-to-Peer (P2P) or Over-The-Counter (OTC) trading platforms to sell your ATS tokens to direct buyers.

Choosing the Right Cryptocurrency Project

While waiting for your ATS tokens to be listed on exchanges, consider investing in projects with a strong track record and promising future. Projects that have already started pre-Initial Token Offerings (pre-ITOs) like NagriCoin can be a good choice. By looking at projects that launch earlier, you can ensure a more consistent return on your investment.

Remember, the crypto market is volatile. Before selling your tokens, evaluate the current market trends, the token’s performance since the initial ICO, and the overall project's potential for growth.

Final Thoughts

Converting ERC20 tokens like ATS into cash requires careful planning and patience. The best strategy is to use reputable exchanges that list your tokens once they become available. This process ensures the security and legality of your investment. Additionally, diversifying your portfolio by investing in promising projects can help you maximize your returns.