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Imagine to get a pass between racks to meet your favorite band before a concert. Or maybe they invite you to a private projection of a film before reaching theaters. It feels special to obtain that exclusive and early access.
The cryptographic world has its own version of a VIP pass, and is called presale. It is an exciting opportunity, but it may seem confusing at the beginning. This guide will decompose everything for you, providing a complete answer and step by step to the crucial question: “What is a cryptographic presale and how does it work?”
What is a cryptographic presale?
So what exactly is a cryptographic presale? In simple terms, it is a special sale in which a new cryptographic project sells its tokens to its first group of investors. This happens before the Token are launched for everyone to buy in public exchanges.
Think about it as a way for investors to support a project since its beginning. In exchange for this early support, the project offers its new tokens at a special price with a discount. It is a way for the project to collect the money you need to build and grow.
How does a cryptographic presale work?
This is the most important part. Understanding the process from beginning to end will help you feel much safer. Let’s walk the whole trip, step by step.
The announcement of the project and the technical document
It all starts with a great idea. A team of developers decides to create a new cryptographic project. His first work is to create a document called “Technical Document”, which is basically its detailed business plan.
The technical document explains what the project does, what problems solves and how its new token works. Once the technical document is ready, the team will announce its project and its presale plans on its website and social media channels such as Twitter and Telegram.
Pre -sale rounds (levels)
Not all presales are just a great event. Often, they happen at different stages or rounds. You can first see a “private sale” for very large investors, followed by a “presale” that is more open to the public.
In general, the first rounds get the biggest discount on the price of Token. However, they could also have stricter rules, such as requiring a greater investment. Subsequent rounds are often easier to join for smaller investors.
Join the presale (how to do “)
This is the practical part where you really participate. First, you must carefully follow the project instructions on its official website. This could involve testing your identity, which is a process called KYC (know your client).
Next, you will need a personal encryption wallet, such as Metamk or Trust Wallet. This is where your new tokens will be sent. It will connect this wallet to the project presale page and use another cryptocurrency, such as Ethereum (ETH) or USDT, to buy new tokens.
After sale: claim and lista of tokens
So, you have sent your cryptography and bought the chips. What happens later? After the presale finishes, the project will have what is called a “tokens generation event (TGE). This is the time when new tokens are officially created in the block chain.
Shortly after the TGE, you can “claim” your tokens bought, and will be sent to your cryptographic wallet. All this trip, from finding the project to having the tokens in your wallet, is the practical response to “What is a cryptographic presale and how does it work?”
Are all the equal pre -sales?
While the basic idea is the same, pre -sale can come in some different flavors. It is good to know the main types.
The classic ICO
ICO, or initial currency offer, is the original presale model. This is where the project team directs the entire sale by itself from its own website. Many initial coins (ICO) offers of the old school used this method to finance some of the largest cryptographic projects of today. It is very direct but also entails more risk.
IEO SAFE AND THE FAIR IDO
Over time, safer and fair methods were created. An IEO (initial exchange offer) is a presale that is housed by an exchange of trusted cryptography, which adds a security layer. A IDO (initial offer of DEX) is housed on a decentralized platform already often uses a lottery system to give more people a fair opportunity to participate.
Pros and cons
It is very important to look at both sides of the currency. Pre -sales offer great opportunities, but they also come with great risks.
The pros
The biggest advantage is buying tokens at a discount price. This means that they are paying less than people who expect public launch. Because of this, the potential of a high investment performance (ROI) is the main reason why people are so excited about presales. You can also be part of a new community from the beginning.
The cons
Now for the part it would be. The risk is very high, and should know that many new projects fail. You could lose all the money you invest. The cryptographic space also attracts the scams, so you must be careful with false projects.
Finally, sometimes their chips are “blocked”, which means that you cannot sell them for a while, even if you want. Recognizing these real dangers is a key part of understanding what a cryptographic presale is and how does it work?
Your step by step guide to find and join a presale
If you are ready to explore this world, you need a safe and intelligent plan. Here is a simple guide to start.
Discover opportunities on a presale platform
The first big challenge is to find good projects. Searching on social networks can be risky and overwhelming. The best and safer place to start your trip is through the use of centralized Crypto previewers. These platforms collect many different presale opportunities in one place, which gives you a structured and organized form to begin your search.
Do your homework (Dyor)
Seeing a project that appears on a platform is only the beginning. It is not a recommendation to buy. You should always do your own research (Dyor). Read the technical document of the project, investigate team members to see if they are real and experienced, and verify if their code has been reviewed for security by a professional company.
Prepare your wallet and consult the market
Then prepare your tools. You must configure a personal encryption wallet and make sure you have the correct type of cryptography to make a purchase. It is also an intelligent idea to monitor the widest prices of the cryptographic market. A healthy market is often a better time for new tokens to be launched.
Follow the instructions carefully
When you are ready to buy, be very careful. Always verify that you are on the official website and use the correct wallet address provided by the project. Following the instructions will help you avoid simple but very expensive errors.
Conclusion: Now you know how cryptographic presales work
Let’s recap what we have learned. A cryptographic presale is a special early access event where you can buy new tokens with a discount. It is a high -risk opportunity and high reward that allows you to support a project from day one.
Following the steps of this guide, it now has a solid and fundamental response to “What is a cryptographic presale and how does it work?” You are much better prepared to explore this exciting part of the cryptographic world safely. For projects that seem very complex or if you ever need a second opinion, you can always communicate with analysis platforms to obtain expert help.
