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The main idea of a crypto presale is that the company offers tokens for sale to investors to raise funds for the development of the project. Thus, investors buying tokens receive a share in the project and, ideally, can make a profit in the future.
Participating in presales may not be entirely straightforward, because despite the potential high profitability, this type of token sale carries high risks for inexperienced investors. Many people became millionaires during the token sales boom in 2017. But even more people have lost their money due to fraud and failed launches. This pushed the industry to develop and led us to new types of token sales, such as ICO, IDO, IEO. At the same time, there are new tools for hosting token launches, such as launchpads.
The process of presales in crypto space is very primitive. Such sales are often conducted directly on the website on behalf of a crypto project entering the market. It also requires perseverance and time to find the most suitable presale crypto list.
How to buy presale crypto tokens
- Install a crypto wallet that is supported by the project on the site;
- Top up your wallet balance with funds for the amount that meets the conditions of the presale project;
- Go to the project's website and connect the wallet;
- Make a token purchase;
- After the tokens are listed to the exchanges, they can be exchanged, and their dynamics can be monitored.
How to buy tokens on the launchpads
In order to buy crypto project tokens at an early stage, you need to:
- Find a suitable platform;
- Install a cryptocurrency wallet that is supported by the platform where you plan to participate in token sales;
- Register by connecting the wallet to the platform and, if necessary, go through the Know Your Customer (KYC) procedure;
- Make a deposit to the balance of the wallet or personal account on the launchpad;
- Register or join the selected IDO project;
- Wait for receipt (approval) places in the whitelist;
- In case of receiving the coveted place of whitelist and a successful IDO, the project tokens will be automatically credited to your wallet balance or in the personal account of the platform.
Where to buy presale tokens
Sometimes one project can be released on several platforms. For example, on a centralized and decentralized exchange at the same time. Therefore, it is important to decide where there is a greater chance of getting on the whitelist. At the same time, in order to track and select the most appropriate presale or token sale, various trackers and aggregators are used which facilitates the user experience by carefully selecting high-quality crypto projects and provides the community with access to them.
