Presale

A ICO presale, or pre-sale, also known as Pre-ICO is a token sale event that takes place before an ICO is made available to the general public to participate.

The fundraising targets for Pre-ICOs are often lower as compared to that of the main ICO and tokens are usually sold cheaper.

A downside of an ICO presales is that early investors or adopters tend to dump tokens as soon as they become tradeable on exchanges. They often sell the tokens at the ICO price because they got the tokens for less than the price of the main ICO, making them big profits while negatively affecting the price for ICO participants.

Related Terms

Big Mac Index

The Big Mac Index is an informal, yet widely recognized measure of the purchasing power parity (PPP) between two currencies.

Ethereum (ETH)

Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps. Ethereum, or the Ethereum Virtual Machine (EVM), is an attempt to build a new version of the internet: An internet where money and payments are built-in. An internet where users can own […]

Big Figure

The big figure, also known as the “handle” or “big figure handle,” refers to the first few digits of an exchange rate.

Exchange

An exchange is an organized marketplace where financial instruments are traded, enabling participants to buy and sell assets with ease.

Whitelist

Whitelist is a list of registered and approved participants that are given exclusive access to contribute to an initial coin offering (ICO) or a presale.