August 2018
Beginner to intermediate
350 pages
11h 58m
English
Content preview from Blockchain Quick Reference
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Pre-sale
A token pre-sale is usually done before the official launch date of the public token sale. It is half-way between private placement and a full public sale. Tokens are typically sold at some level of discount from the official public price and there may be a higher minimum purchase amount than the public sale.
Such as private placement sales, pre-sales are often somewhat restricted in terms of who is allowed to buy. If a project has been able to build up some community engagement, the pre-sale is typically offered to that community first.
For instance, if the public sale per token will be $0.10, with a minimum purchase of $300 (or equivalent in Ethereum or Bitcoin), the private sale price may be $0.08, but with a minimum purchase ...
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