Investing in cryptocurrencies can be very lucrative if done right. Many people have had great returns on their investment from doing this and the industry has only grown over the years. With this growth have come many different ways to invest in cryptos, one of which is presales.
A crypto presale is an event held before a new token is listed on a centralized exchange or DEX. During a presale, those who have signed up for it can buy the token before anyone else, usually at a lower fee. Presales have become a staple of crypto rollouts and many investors look out for upcoming presales to buy into.
But are presales worth investing in? The answer is often yes and this is because they offer several benefits for those who buy into them.
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Lower Token CostsÂ
One of the first and most obvious benefits of crypto presales like those listed here is that they allow you to get your hands on the token at a lower cost. Because the creators of the token are looking to drum up support and publicity for the project, they often do this through the presale.Â
But to have a successful presale, they need to give investors some incentive. After all, they could simply wait till the token is on the exchanges to buy. The biggest incentive is the fact that they can get their hands on the token before anyone else and also the fact that they can get the tokens at a much lower cost than it would be listed on the token. As such, crypto projects earmark a portion of the token supply to be released as presales.
For any investor who wants their resources to go as far as they can, presales are good for this reason.
Potential for ProfitÂ
Besides the fact that the tokens can be bought for a lower price than you’d find at an exchange, presales also allow buyers to potentially make more of a profit from their investment. If you buy a token for $1 in a presale and then trade it for $3, you’ll make more profit than if you bought it for $2 on an exchange.Â
This is an additional perk of buying the token at a lower price and of presales as a whole. You see, if the presale is successful, it drums up a lot of publicity for the token. So when it is finally released on exchanges, there will be a rush to buy it, which spikes its price.Â
A lot of people buy crypto speculatively, but if you’ve bought into the presale, you’ll essentially be first in line to profit off the crypto if it does well in the market. And if trading speculatively is your goal for investing in crypto, presales would be a good idea.
Additional Perks for Buyers
A lower token price might be the biggest selling point of a crypto presale, but it is far from the only one. Because presale numbers can heighten or tank a crypto’s reputation before it fully hits the market, crypto creators offer many extra benefits to attract presale buyers.Â
If you look at the whitepapers and websites for cryptos with presales on the way, you’ll see several other benefits. One of these is early access to Discords, websites, and other platforms associated with the projects for presale buyers. Those who pay for the presale are sometimes given airdrops of free digital assets as a perk. Presale investment can also be a way to access VIP membership in the community and these could come with long-term benefits as well.
Just like with the lower prices, you can get your hands on many of these perks before anyone else and depending on the project itself, some of these will only ever be available to presale buyers.Â
The Chance to Engage with the CommunityÂ
The thing about participating in a token presale is that it is a vote of confidence in the project because you are essentially risking your money before the token has proven itself in the market. In that way, you can think of the presale as a special VIP club of the most dedicated users. This is why a perk of participating in a presale is sometimes a chance to join the community,Â
Whether this is through access to specific channels or being connected to other presale investors, you can usually become a part of the project’s community. This usually means that you can communicate with the token’s management and have your opinions seen and maybe even acted on. If you get voting rights, you can help drive the trajectory of the project and become more than a person who simply owns the token.Â
For investors who are passionate about crypto projects outside of profit, this is also a good idea.