What is a cryptocurrency Pre-Sale?
A pre-sale is a practice adopted by new crypto projects before an initial coin offering, in which tokens are sold to interested parties at a specific price. Such a pre-sale can be held publicly, but many projects initially offer their tokens only to limited groups.
By launching a pre-sale of the token, projects are trying to get their first funding. This money usually goes towards further development and marketing. You can think of it as a kind of crowdfunding campaign where you get tokens in exchange for your investment.
Presale and ICO — what’s the difference?
There are some differences between a cryptocurrency pre-sale and an ICO. Cryptocurrency presale is usually organized on the site itself, for this you need to connect a wallet and exchange other cryptocurrency tokens in order to get the best presale cryptocurrency tokens.
Cryptocurrency ICO is the initial listing of a particular cryptocurrency on a central exchange. A central exchange is a market where you can buy or sell cryptocurrencies owned by a particular company.
Examples of central exchanges are Binance, Kraken, and Huobi. In total, there are thousands of central exchanges around the world, so even with an ICO cryptocurrency, you have to check that the platform that issued the token is reliable.
Fixed Price vs Floating Price — Presale and ICO
During the pre-sale of the cryptocurrency, the project team determines the affordable price of the token. It is difficult to assess how fair the price is and the coin is worth this amount.
The best way to do this is to look at the economics of the tokens and see how much the project would cost if all the tokens were sold at that price. If that makes the market value high enough to be in the top 100 coins of the world, then it may not be worth the price.
In a cryptocurrency ICO, there is an instantaneous variable price determined by the supply and demand of the currency. If the coin is sold a lot and few people offer the coin, the price will go up, and if the demand is low and many people want to get rid of the coin, the price will fall.
How do you determine the best cryptocurrency ICO projects? — Presale ICO List
Identifying the best cryptocurrency ICO projects is a complex process as new coins are added right and left and checking and researching the entire list of ICO pre-sales on a daily basis is impossible for most investors.
The best ICO for buying cryptocurrency can be based on a number of aspects. For example, pay close attention to the project roadmap, how long the main development plans are, affecting the cost of the project.
In addition, the economy of tokens is always important in new cryptocurrency projects. At Token Economics, you will find the exact distribution of the number of available pre-sale cryptocurrency tokens. From this, you can also better calculate the price of the currency, what the market value would be if all the coins were in circulation, and whether the price can still rise.
How do you invest in the best cryptocurrency presale?
Investing in the presale of the best cryptocurrency is usually done only through the website of a particular project. To do this, you can download the wallet and fill it with the cryptocurrencies needed for the best cryptocurrency pre-sale.
After connecting the wallet, you can specify how much cryptocurrency you want to buy on the site. If you can’t figure it out, most projects have their own Telegram cryptocurrency ICO presale, where you can find out more information and ask other investors for help.
How to buy the best cryptocurrencies ICO?
Best ICOs Buying a cryptocurrency is done by creating an account on a central exchange where the coins can be used. Since this is a central exchange, you must provide some details when creating an account.
You will then also be asked to verify your account first, where you will need to submit a copy of your ID and provide additional information about yourself. This needs to be done with all regulated central exchanges.
Once verified, you can make a deposit on the platform, which can usually be done with iDEAL, PayPal, or a credit card. With money on the platform, find the best Crypto ICO and you can start investing.
If you decide to try your hand in the world of cryptocurrencies, do it with a trusted and reliable partner — Binance.
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