A “presale” is the earliest portion of a fund raising campaign that takes place before a public sale such as an ICO. 

Token sales most commonly happen in 3-5 phases:

phase 1: presale
phase 2: earlybird sale
phase 3: public sale
phase 4: late sale
phase 5: final pre-market sale

     A Presale can be equated to the first round of a traditional fund raising model (seed/angle round). Investors that participate in a pre-sale get enormous discounts on the public sale value of tokens.

      Related Terms:



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