Cryptocurrency Q&A
How does a token presale work?
How does a token presale work?
Carolina
Mon Jul 15 2024
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7 answers
2164
Could you elaborate on the mechanics of a token presale? I'm curious to understand how it differs from a traditional IPO or crowdfunding campaign. Specifically, how are tokens distributed during a presale? Are there any specific requirements or qualifications for investors? Additionally, what are the risks and benefits associated with participating in a token presale? I'd appreciate a concise but comprehensive explanation of the process from start to finish.
7 answers
IncheonBeautyBloom
Wed Jul 17 2024
The commencement of a new cryptocurrency project often commences with a presale.
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Lucia
Wed Jul 17 2024
During this presale, the project offers a predetermined quantity of its tokens to early investors.
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SejongWisdom
Tue Jul 16 2024
As the presale progresses, the tokens become more scarce, driving up the demand and potential value for investors.
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Federico
Tue Jul 16 2024
This presale is typically hosted on the project's official website, serving as a direct portal for interested parties.
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noah_smith_researcher
Tue Jul 16 2024
The presale process spans multiple stages, each with distinct characteristics.
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