Let’s Discuss Presale? - WeGain Presale Pre-sale is defined as a short duration where investors can fund a cryptocurrency project before it becomes publicly available; often for a discounted buy-in price. Pre-selling is a practice performed by some crypto projects ahead of an initial coin offering, in which tokens are sold to interested parties at a certain price. You may already know that an Initial Coin Offering (ICO) is when a new cryptocurrency idea becomes available for the public to invest in. A pre-sale always comes before an ICO with better prices and a lower fundraising target. Some projects need a pre-sale to support the costs of doing a big ICO.
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Because a pre-sale offers better opportunities to make money than an ICO, more crypto projects are raising all the money they need in their pre-sales. Telegram, the private chat application, was supposed to have a very large ICO but instead, they raised a massive $1.7 billion dollars in their pre-sale and skipped the ICO. The downside to a pre-sale is that investors often sell their crypto on exchanges as soon as they are available for a big profit. This could be considered beneficial for both investors and the development team if all were to go well and the digital currency was to be a success. While the project’s creators would receive much-needed funds to finalize the project, investors have the potential to acquire an altcoin that could be worth a lot more in the future. Developers may also perform a pre-sale in order to create buzz ahead of the ICO, hoping for a price surge when the asset goes public. It is worth noting that pre-selling can come with risks. If a project fails, investors can find themselves owning worthless tokens, unable to make a profit from their investment. This adds to the fact that, when the actual ICO takes place, the plethora of coins now available to the public might dampen the value of the ones they initially bought. It definitely doesn’t look good for a coin that recently underwent an ICO if early investors dump the coins they own at the first chance. WeGain presale is defined as a short duration where investors can fund a WeGain Coin before it becomes publicly available; often for a discounted buy-in price. It is a practice performed by WeGain ahead of an initial coin offering, in which tokens are sold to interested parties at a certain price.
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