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How does a token presale 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.
How do I exchange a token?
Where can I go to replace my Token? You should visit any Token vending machine at selected malls or any Community Centre/Club for a free replacement. Please bring along your Token and original ID (with barcode) for the replacement. For replacement of lost Tokens, please visit any Community Centre/Club for assistance.
Is a crypto coin a token?
So what’s the difference? A crypto coin usually serves the function of being the native coin of a blockchain, which is used to trade currency, store value, the usual. A token is pretty similar, or at least it has similar functions. But, crucially, it tends to use another coin’s blockchain.
Can I change trace together token?
You may also replace your TraceTogether Token at 132 vending machines (as of Sep 2021) placed in shopping malls and community centres. You are required to bring your existing TraceTogether Token as well as your Singapore-issued ID card (NRIC/FIN card) to make the replacement.
How do I change the battery in my token?
You can visit any Community Centre/Club (CC) to replace your Token when the battery is low. This is indicated by a red blinking light on your Token. If the Token is functioning properly, you should see a green blinking light. Please bring along your Token and original ID with barcode for the replacement.
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.
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.
What is a pre-ICO in crypto?
Pre-ICOs let crypto investors buy the necessary tokens at a discounted price before the official public sale. Usually, projects keep their digital coins price very lower. The funds raised this way are most commonly used to make next promos, marketing campaigns, or develop the MVP.
Do you have to register a virtual coin offering with the SEC?
“Depending on the facts and circumstances, the offering may involve the offer and sale of securities. If that is the case, the offer and sale of virtual coins or tokens must itself be registered with the SEC, or be performed pursuant to an exemption from registration.