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What is presale in cryptocurrency ?

What is presale in cryptocurrency ?

In the context of cryptocurrency, a presale refers to an initial fundraising event conducted by a project or company before the official launch of their token or cryptocurrency. It is often used as a way to generate early funding and gauge investor interest.

During a presale, tokens or coins are offered to a select group of investors at a discounted price or with additional incentives. These investors typically include venture capitalists, institutional investors, or early supporters of the project. The purpose of a presale is to secure capital to fund the development, marketing, and other aspects of the project before it becomes available to the general public.

Presales can offer certain advantages to participants, such as access to tokens at a lower price or exclusive bonuses. However, they also involve higher risks since the project is still in its early stages, and there may be uncertainties regarding its success or future value.

It's important for potential investors to thoroughly research and evaluate the project, its team, roadmap, and terms of the presale before considering participation.