Day 28 of 31 days crypto/Defi terminologies
Private sale vs. Publicsale
Some of these terms are really confusing especially trying to navigate all of these terms as a newbie
Do they mean the same thing?
A thread🧵
Private sale vs. Publicsale
Some of these terms are really confusing especially trying to navigate all of these terms as a newbie
Do they mean the same thing?
A thread🧵
You get into a project's presale, whitelist spots are being hustled for, and Boom! You see some folks talking about participating in private sales😀
The confusion then set it.
What are public and private sales?
The confusion then set it.
What are public and private sales?
Both are all under a fundraising category, ICO, but they have different meanings.
Walk with me👇👇👇
✅️Private Sale
The ICO private sale period is the process in which tokens that are not yet announced to investors or open to the public are sold.
Walk with me👇👇👇
✅️Private Sale
The ICO private sale period is the process in which tokens that are not yet announced to investors or open to the public are sold.
As the name implies, it is open to certain investors and not the general public.
As a rule, ICOs set strict requirements for participants in a private sale.
As a rule, ICOs set strict requirements for participants in a private sale.
They might do video calls or interviews to ensure the investor is aligned with the ICO’s goals. Bonuses depend upon the size of the contribution.
Also, one of the Advantages of the private sale is big bonuses and discounts compared to the public /crowd sale.
Also, one of the Advantages of the private sale is big bonuses and discounts compared to the public /crowd sale.
✅️Public sale
This is also known as a crowd sale.
It is the most critical stage in the entire ICO path to success, so it is advertised and promoted more widely than presale.
A public sale is the one with the lowest risk.
This is also known as a crowd sale.
It is the most critical stage in the entire ICO path to success, so it is advertised and promoted more widely than presale.
A public sale is the one with the lowest risk.
However, there are also lesser bonuses or discounts than in presale or private sale periods.
The bonus and discount system is the same as in the private sale and is based upon how early the investor contributes and how significant the contribution is.
The bonus and discount system is the same as in the private sale and is based upon how early the investor contributes and how significant the contribution is.
The potential of ICOs is immense, as they enable everyone to release freely-tradable tokens to raise capital for project development.
For those who have decided to run an ICO to raise capital for a startup, it is recommended to choose the right path for your ICO sale and participation.
Both private and public sales are good, but one can help make a higher level of income easier, cheaper, and more profitable for your project.
- That's all for today.
- Kindly follow @0xTosyn for more educational contents.
#HappyNewYear2023 #31daysofdefiterms
- Kindly follow @0xTosyn for more educational contents.
#HappyNewYear2023 #31daysofdefiterms
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