How does a token presale work?
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.
How many stages are there in bitcoin ETF token presale?
Could you please elaborate on the various stages involved in the presale process of a <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> ETF token? Specifically, I'm interested in understanding the number of distinct stages and what each of them entails. Does the process start with an initial announcement or whitepaper? Are there any periods of investor registration or verification? What about the allocation of tokens and their eventual distribution? Furthermore, are there any additional steps, such as a lock-up period or vesting schedule, that investors should be aware of? Providing a concise overview of these stages would greatly assist in understanding the overall presale process.