New projects and tokens are emerging in the cryptocurrency market mostly daily. And these projects bring with them some exciting opportunities in the form of Presales for investors, traders and new crypto enthusiasts. In this guide, we will tell you about crypto presales, how to take part in it, why is it beneficial for you and much more.
What Is A Crypto Presale?
A crypto presale is also called a token presale. And as the name suggests it means an early-stage fundraising event where the tokens of a project are sold early to investors at some discount before the actual launch for the general public. This event is done before the token is listed on the public exchange platforms and they often provide tokens at very low prices as compared to general sales.
Presales serve as a very important step for new projects allowing them to raise more capital, increase their marketing, get more social media attention and create a user base. And for crypto investors, it is an opportunity to earn tokens at lower prices and become a part of some transforming projects.
Advantages Of Crypto Presale
Taking part and investing in crypto presale has multiple benefits:
✅Tokens At Discounted Price:
In the presale event, tokens are often sold at discounted prices as compared to the prices in the general public sale, leading to more returns.
✅Potential For High Returns:
If the projects grow and succeed as per their plans then early investors can experience gains once the tokens are listed on public exchanges.
✅Early Access To Tokens:
If you invest in the presale of a project it means that you are supporting a project from its start and this may have more influence on its directions. And since this is a presale for early investors you can easily access the tokens.
✅Community Engagement:
Presale investors become part of a crypto project and get deep inside their community creating a sense of personal belonging and connection along with shared success.
✅Rewards:
Many projects offer exclusive rewards, bonuses and airdrops for users who take part in presale events.
Features Of Crypto Presale
Crypto presale has a lot of key features which can be very important for investors:
1️⃣Tiered Structure:
Some presale events have different phases or levels where prices are increased or rewards are added for early investors.
2️⃣Limited Availability Of Tokens:
Presales often have a limit on the number of tokens they will release and also on the amount that can be invested.
3️⃣Minimum And Maximum Investment:
Minimum and maximum investment limits are included in the presale to ensure a fair distribution of tokens and avoid whale dominance.
4️⃣Vesting Periods:
To prevent the sudden influx of tokens, many projects use vesting schedules for presale.
5️⃣Whitelisting And KYC:
Many projects require Know Your Customer ( KYC ) verification and whitelisting for enhancing security.
How To Buy Cryptocurrency From A Presale: Step-by-step
To buy crypto from a presale you have to follow the steps given below:
Step 1: Research
Before investing in any presale doing proper research is important. Analyse the project’s whitepaper, team background and tokenomics. Also, look for reviews about the project and community sentiment as well. Make sure you are cautious about unrealistic promises.
Step 2: Use a Compatible Wallet
A lot of presale events need a crypto wallet to participate in it. There are many good wallet options like MetaMask for Ethereum-based tokens and TrustWallets for multi-chain supported tokens. Ensure your wallet is compatible with the tokens you are buying and properly set up your wallet with a password and backup phrase as well. Make sure you are keeping the password and phrases safe.
Step 3: Get the Base Currency
Most presales accept major cryptocurrencies too. You can buy cryptocurrencies like Binance Coin ( BNB ), Ethereum ( ETH ) or any other crypto for payment. Purchase these currencies from a trusted exchange only and add them to your wallet.
Step 4: Join The Community
Projects that organise presales have social media handles and groups on Telegram and Discord channels. To stay up-to-date join these groups and become a part of their community as well.
Step 5: Register For Presale
Many projects need pre-registration to take part in the presale. For registration, you have to visit the official website of the project, fill in all the details and also complete the KYC details as well.
Step 6: Take Part In The Presale
Once the presale is started, follow all the instructions like connecting your wallet to the platform and send the base currency to buy the tokens.
Step 7: Claim Your Tokens
After the payment is made the order will be placed and you will get your tokens either immediately or in some period of time. Make sure you are transferring your tokens in a secure wallet.
Finally
Taking part in crypto presale is exciting and potentially rewarding for investors who wants to be part of a new project or are willing to take risks. By following the steps above you can take part in crypto presale and buy tokens at discounted prices before the general sale.
Taking part in presale is very beneficial for investors. But since cryptocurrency market is very volatile make sure you are investing after proper research and analysis.
