Crypto presales have become a popular method for blockchain startups to raise funds for projects before the official launch of a token. Presales offer investors the opportunity to buy tokens at a discounted price, often before they appear on exchanges or become available to the public.
While crypto presales come with a degree of risk, they can also offer significant benefits to both startups and investors. In this article, we explore the best crypto presales in 2024.
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What is a crypto presale?
Before a token’s official launch, a blockchain startup will offer a small number of its tokens to investors as part of a fundraising event known as a crypto presale. These presales typically occur when a startup is just getting off the ground and is looking for funding to support the creation and promotion of their project.
There are many different implementations of crypto presales, such as ISPOs, ICO, IEOs, etc. However, they typically follow a similar format. Crypto presales developed from initial public offerings (IPO) in traditional finance.
With traditional IPOs, companies must adhere to strict regulations. They must also involve counterparties such as investment banks before they can offer assets. It is a long and strenuous process.
During a crypto presale, investors typically acquire coins or tokens at a discounted price. This is often with the expectation that the tokens’ value will rise once they become public. The presale may also have minimum investment requirements, time limits, or other participation requirements.
The funds raised during a crypto presale often cover a multitude of expenses. These are typically the costs of developing the blockchain project, legal and regulatory compliance, and marketing the upcoming token launch. The success of a crypto presale can also raise awareness of the project, attract more investors, and ultimately increase the token’s value.
5 best crypto presales to watch
Looking to get in early on some new crypto in 2024? Take a look at these exciting presales:
1. BlastUP Presale
BlastUP is a launchpad built on Blast. It allows teams to raise funds in a decentralized, secure, and user-friendly environment while rewarding active members with the Community Incentives Program. BlastUP thoroughly reviews all possible projects to guarantee that only the best ones are given to the public.
BlastUp’s roadmap is separated into a three year plan. 2024 launched the platform and token. It will also launch staking and yield farming opportunities, in addition to NFTs, airdrops, and incubation programs.
For the year 2025, the objective is to launch token, NFT, and liquidity locks, a learn-to-earn program, and integrate AI for easy startups. Lastly, the year 2026 will see a marketplace, market making, and an AI launchpad assistant.
The native currency of the BlastUp platform is the BLP token. The total supply is one billion tokens.
– 24%: Reserve
– 18%: Team and advisors
– 10%: Staking program
– 8%: Liquidity
– 8% Marketing
– 5%: Airdrops and rewards
– 5%: Private sale
2. 5Scape Presale
5Scape, pronounced fifth scape, is a virtual and augmented reality gaming and development platform. The company has a series of 3D-games lined up and ready for production. Future plans to release gaming chairs and virtual reality headsets are in the works. Token holders will also have the privilege of basic access to the 5Scape platforms and games.
5Scape has four stages in its roadmap for 2024. Though the first quarter has passed, it was marked by the presale and a launch for community development. Q2 will see the release of Cage Conquest, a VR game, and the trailer for Epic Arena.
In Q3, 5SCAPE will see CEX and price tracking site listings. In the last quarter of 2024, users will see the Epic Arena release, a private funding round, and trailers for two new games in development.
5SCAPE is the official token token for the 5Scape platform. The max token supply is 5.21 billion.
– 80%: Presale
– 10%: Liquidity
– 10%: Treasury and development
3. Lopecoin
LOPE is a meme coin launched with the intention of counteracting the dominance of existing cheat coins. The token has a number of unique feature that set it apart from other meme coins. The project focuses on community engagement and applications, including a DEX, a quest game, an NFT marketplace, and more.
LopeCoin’s roadmap consists of ten phases aimed at strategic growth, community engagement, and lasting impact in the cryptocurrency sphere. The initital two phases involve meticulous planning, fostering a vibrant community, large airdrops, private sales, airdrops, partnerships, and exclusive NFTs.
Phases three to six focus on expansion, Tier 1 exchange listings, Memescanner technology, and community empowerment.
Phases seven to 10 focus on ecosystem expansion, global outreach, innovation, and sustainability, establishing LopeCoin as a significant player in the cryptocurrency space.
The native cryptocurrency of Lopecoin is called LOPE. The total supply is 400 trillion LOPE.
– 30%: Ecosystem
– 17%: Contributors
– 14%: Private sale
– 11%: Community presale
– 10%: Airdrop
– 10%: Team (locked for three years)
– 5%: Project development
– 3%: Advisory
4. CratD2C
At its core, CratD2C facilitates direct interactions between businesses and consumers in the e-commerce domain through a secure, transparent, and cost-efficient smart contract system rooted in its DPoS blockchain framework.
Distinguished by its expansive ecosystem, CratD2C transcends conventional blockchain applications, serving as a hub for decentralized applications (DApps) and diverse marketplaces, including an e-commerce trading portal, a real estate trading portal, and a luxury lifestyle booking portal.
CratD2C does not currently have a clearly outlined roadmap for the blockchain and services outside of token distributions.
The native cryptocurrency of CratD2C is CratD2C or simply CRAT. It is built on the CratD2C smartchain. The total supply is 300,000,000 tokens.
– 30%: PIP-Portion royalties
– 18%: Validators, delegators, backers
– 10%: Community Trust Vesting Grant
– 10%: Team
– 10%: Liquidity
– 7%: Marketing
– 5%: Manufacturers/merchants, consumers, partners. commissions
– 3%: Network operations
– 3%: Ecosystem development
– 2%: Advisors
– 2%: Swap and airdrop
5. BlockBets Presale
BlockBets positions itself as a pioneering casino platform within crypto gaming. The in-house casino experience promises unparalleled freedom for users. The platform offers an extensive array of gaming options, including over 8,000 slots, live dealers, sports betting, poker, and more, all accessible with seamless gameplay. There are no KYC requirements, and the project is accessible globally.
Blockbets has four primary phases on its roadmap. The first phase began in 2023, in which the Blockbets platform was conceptualized, developed, and tested. In Phase two the platform, presale, marketing campaign, ambassador campaign, and staking was launched.
Phase three marks the presale, CEX and DEX listings, affiliates partnerships, and airdrops and giveaways. The last phase is the sportsbook release, NFTs, tokenization of physical goods, and original games.
BBETS is the native token of the BlockBets platform. The total supply is 100,000,000 BBETS.
– 40%: Presale
– 20%: Liquidity
– 15%: Staking rewards
– 10%: Airdrops
– 5%: Player rewards and incentives
– 5%: Team & advisors
– 5%: Marketing
What are the types of crypto presale?
Initial Coin Offering
An Initial Coin Offering (ICO) is a type of crowdfunding method used by blockchain-based startups to raise capital. It involves the creation and sale of new digital tokens to early adopters and investors. These tokens serve as value units within the project’s ecosystem, providing access to the platform’s services and products.
The ICO process usually involves the publication of a whitepaper, followed by a period where investors can buy the tokens. ICOs can be an attractive investment opportunity for investors looking to get in on the ground floor of a promising blockchain project.
Initial DEX Offering
An Initial DEX Offering (IDO) is another type of decentralized fundraising mechanism used by blockchain-based startups. It involves the issuance of new tokens on a decentralized exchange (DEX). They also allow investors to buy these tokens using cryptocurrencies such as ether or bitcoin.
During an IDO, investors can buy new tokens at a fixed price or via a Dutch auction. In this scenario, the price begins high and gradually decreases until all tokens are sold. IDOs differ from ICOs in a few ways.
In ICOs, tokens are sold before being listed on an exchange; however, tokens in an IDO are immediately listed on the DEX where they are launched. This means that project developers do not need to collect assets for pools. Instead, the pool is formed on a DEX after the IDO is completed.
Since crypto projects can raise funds without intermediaries and investors can trade instantly, the IDO model has grown in popularity.
Initial Exchange Offering
An Initial Exchange Offering (IEO) is a type of fundraising event that takes place on a cryptocurrency exchange.
The exchange acts as a trusted intermediary between the project and investors during an IEO.
In addition to offering a venue for the token sale, the exchange also performs due diligence to verify the project’s legitimacy. Tokens are purchased directly on the exchange by investors. The tokens typically list for trading on the exchange immediately after the sale.
A cryptocurrency exchange performs the same tasks an investment bank would in an Initial Public Offering (IPO) during an IEO. In its capacity as administrator, the exchange assesses prospective sales before they happen. The project recompenses the marketplace for its assistance in the sale of its tokens.
IEOs offer more control over projects that are legally constrained. Businesses are often unable to comply or offer their services in multiple jurisdictions at once. Using IEOs to distribute tokens keeps companies more legally compliant.
Tom Schmidt, a partner at the crypto venture fund Dragonfly, spoke of the advantages of IEOs on Unchained Podcast’s “The Chopping Block”:
You can KYC out people who might be U.S. residents. And so, you can sort of create some liability buffer…
Tom Schmidt: Unchained Podcast
NFT presale
An NFT presale is a limited-time event where creators sell unique digital assets to early buyers. NFT presales often offer exclusive access to rare and valuable collections, with buyers receiving discounts or bonuses for purchasing tokens early. While NFT presales can generate excitement and fund development, investors should stay aware of the risks involved.
As with many activities in crypto, users should do their due diligence. ICO scams have stolen billions of dollars in value from unsuspecting supporters. Rug pulls are very common; therefore, always do your own research (DYOR).
The verdict on crypto presales
Crypto presales have become a popular way for blockchain startups to raise funds and build a community around their projects. While there are certainly advantages to participating in these presales, such as getting access to tokens at a discounted rate, there are also potential risks and drawbacks to consider.
Investors should carefully research any project before participating in a presale and assess the team’s experience, track record, and overall credibility. Additionally, it’s important to understand the terms and conditions of the presale, such as lock-up periods and vesting schedules.
Overall, crypto presales can be a valuable tool for startups looking to raise funds and build a community. As with any investment, there are no guarantees, but with careful consideration, presales can be a way to participate in the growth of exciting new blockchain projects.
Frequently asked questions
How do I find upcoming presale coins?
What is the advantage of presale tokens?
What is the difference between an ICO, IDO, and IEO?
How do I participate in a presale coin offering?
Are presale coins a good investment?
What risks are associated with presale coins?
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