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What is a pre sale ICO?
ICO Presale also referred to as Pre-ICO, is the token sale event that Blockchain firms unleash before the official ICO or crowd sale goes live. Project developers also go for an ICO pre-sale to market their coin ahead of the official ICO, targeting a price surge when their token eventually goes public.
How does pre sale crypto work?
Pre-selling is a practice performed by some crypto projects ahead of an initial coin offering, in which tokens are sold to interested parties at a certain price. This could be considered beneficial for both investors and the development team, if all was to go well and the digital currency was to be a success.
What is private pre sale?
The pre-sale round follows that of the private sale. The most common participants in a pre-sale round are the friends and families of founders, investment funds or groups with smaller funds that those in the private sale round, and larger investors that may have missed the private sale round.
What is pre-ICO presale?
ICO Presale or also known as Pre-ICO, is the token sale event that Blockchain enterprises run before the official crowdsale or ICO campaign goes live. The fund-raising targets for Pre-ICOs are often lower as compared to that of the main ICO and tokens are usually sold cheaper.
What is the difference between an ICO and a token presale?
Cryptocurrency investors should understand the difference between an ICO and a token presale. A token presale occurs prior to an ICO launch. In a presale, the startup offers up tokens while they are still under development before they are available to the general public.
What are pre-Icos and how do they work?
Some projects run Pre-ICOs as a way to accrue funds to cater for the expenses incurred on the way to launching the main ICO. Some of the expenses include paid promo ads, strategic recruitment and meet-up costs to help whip up investor interests.
How to avoid mixing tokens in a pre-ICO and ICO?
Transparency about the funds raised and the number of tokens issued is the most important. So, another smart contract is usually used to launch a pre-sale. That dedicated smart contract can help avoid mixing the funds obtained through a Pre-ICO and ICO, for example.