Best Crypto Presale

Crypto presales come thick and fast throughout the year, with new coins cropping up seemingly every month or so. From iGaming tokens to meme coins, as well as innovative utility tokens, there are a lot of presales that potential investors can take a punt on.

Although very volatile, even by cryptocurrency’s already volatile standards, presales have the greatest potential for big profits with speculators looking for the next coin that will increase by ten, 50, or even 100 times when it hits major exchanges. But not all presales make this kind of money. Some don’t launch at all and many fizzle out after some initial excitement.

Below, we look at some of the most important factors to consider when researching which presale to put your money in.

What Are Crypto Presales?

A crypto presale enables potential buyers to get hold of coins before they go on general sale, typically at highly discounted prices and with the potential for other benefits and bonuses. The cryptocurrency team receives an influx of capital, which they can then use for marketing and exposure, as well as for the actual development of the token.

A presale can last several months and usually offers tiered stages, with the greatest bonuses coming for those who invest during the very early stages. Buying a crypto during presale means investing money that you won’t be able to access until the new coin hits exchanges and they are notoriously volatile with some not even launching, if they don’t receive enough interest.

For these reasons, you must conduct thorough research when looking for the best crypto presale opportunities. Crypto writer Alan Draper advises investors to thoroughly research any project before buying, particular particular attention to the factors below.

Whitepaper

A cryptocurrency whitepaper is a summary of the most important elements of a cryptocurrency project. It includes information like the goal and stated aims of the crypto, how it will achieve those goals and gives a detailed roadmap of development.

It will give some history behind the project, including information about the team that is setting it up. This is vital information when judging the possible success of a cryptocurrency project, and the whitepaper should be easily accessible and packed full of the information you seek.

Use Cases

Some cryptocurrencies have no discernible utility. These are generally considered meme coins and are established to essentially go viral. If they get strong community backing, like Dogecoin, and can get some celebrity endorsements and press coverage behind them, they can increase in value significantly.

Other cryptocurrencies, or utility coins, do have viable use cases. Bitcoin was established primarily to facilitate peer-to-peer payments. Ether is the coin that is used by developers for the use of the Ethereum blockchain. There are thousands of cryptos globally, some with highly unique use cases. Check the whitepaper, look for viable use cases, and research the industry and market that the coin is targeting.

The Roadmap

A roadmap is essentially a timeline of how the project team intends the project to progress. It will include information like the proposed presale end as well as information on marketing and exposure efforts.

A roadmap is especially important for utility coins. Meme coins rely on sentiment, and while this can be driven and affected through some marketing and promotional efforts, much of it has to be organic. Check the timeline to ensure it is achievable and that key milestones tie in with the tokenomics of the project.

Tokenomics

Tokenomics, or token economics, is a detailed breakdown of the number of coins or tokens, and how they will be distributed or used. Typically, some tokens will be assigned to the project team as well as pools of tokens for marketing and promotion. Some will be put aside for the presale itself, and many projects set a hard launch when the presale pool of tokens has sold out.

Tokenomics should show clarity but they should also be realistic. If a crypto has not aside enough tokens for marketing, check the whitepaper and see if they have other plans for how they intend to get exposure, or walk away.

Discounts

One of the big draws of presales is they offer discounted prices on the tokens. These discounts are usually higher at the very beginning of the presale and the bonus will get smaller and smaller as more of the coins are sold.

Discounts can vary and while they are set against the theoretical launch price of the coin, this price can be affected considerably by market influences. If the coin goes through a popular presale, reaches its targets, and gets the interest of the crypto market, it will likely increase in value soon after hitting centralized exchanges.

Airdrops And Other Bonuses

Discounts aren’t the only bonuses that presales offer. One common bonus offered to investors is an airdrop. During an airdrop, all or, more likely, a randomly selected few holders will receive a bonus amount of cryptocurrency in their crypto wallets. It can act as a good way to promote the currency.

99Bitcoins recent presale, for example, included $99,999 worth of Bitcoins airdropped to 99 community members, giving extra value to those who received the funds.

Coverage

If you’re considering investing in crypto presales, you should become familiar with the market. Read news stories, check out popular crypto sites, and fully immerse yourself in the crypto world to get a clear understanding of it all. Use these sites, and check popular news sites, for stories related to the presale you’re interested in.

The most profitable crypto launches are those that have enjoyed considerable exposure before they launch. Some of this will come from other investors, so you will find that presales can quickly snowball, but some will also come from analysts and general news stories. If you’re investing in a meme coin, check sites like Reddit and join Telegram groups to see the amount of coverage the coin is getting.

The Team Behind The Coin

Much of Ether’s success, and its rise to become the 2nd largest cryptocurrency in the world, can be attributed to Vitalik Buterin and his team. Not only have they developed a strong blockchain network that outperforms other networks in a lot of ways, but they have marketed the coin well, lobbied governments and securities agencies, and generally promoted the network well.

You need to know that the crypto you’re aiming to invest in has a similarly effective team behind it. Do your research on the major players. Look at other projects they’ve been involved in and gather as much information as you can about them.

Community

As well as the team itself, a cryptocurrency can live and die by the power of its community.

Dogecoin is the perfect example. It launched as a lighthearted alternative to Bitcoin but it had incredibly strong backing on Reddit and enjoyed the backing of a strong community.

This community was further buoyed by the likes of Elon Musk and Snoop Dogg before it went on to benefit from additional marketing and promotional efforts. Today, as a result of its popularity, it has become one of the most popular coins on real money online casino sites and is accepted by some major companies as a payment method.

Scour the Internet, check social media websites, and find general chat about the presale to ensure the coin has a good community.

Conclusion

Cryptocurrency presales offer potentially great value on coins that have yet to launch, but they do carry risk. Do your own research before investing in any coin. Check out the team behind the coin, whether it has viable use cases, and inspect the tokenomics and roadmaps to ensure they are not only potentially beneficial but also viable.