What is a crypto pre-sale, and how to enter it?

cnbctv18.com:

Some crypto projects offer their tokens to interested investors even while it still under development. This is known as a pre-sale because it happens before the Initial Coin Offering (ICO). It is also why pre-sale tokens are made available at much lower prices.

An ICO is like the IPO of crypto tokens. It has been taking a lot of flak lately as people tend to take advantage of the ICO by hoarding a large number of coins and becoming market manipulators.Pre-sales are beneficial for investors and developers alike, especially if the project does well and sees quick adoption. Crypto pre-sales act as crowdfunding vehicles; they provide developers with the necessary funds to see the project through.

For investors, it is an opportunity to enter a cryptocurrency before it hits the market and appreciates.Pre-sales also help developers spread the word about their projects and garner more attention from a marketing perspective. The event plays a crucial role in luring investors when the ICO goes live.Pre-sales have been around since 2009, when Bitcoin, the world’s first and oldest cryptocurrency, was launched. It was a golden egg for investors who entered back then and held on to their currency for over a decade.

Most of them have made it to the millionaires’ list.There are two types of pre-sales:Investor-only Pre-sales: These are opened only to wealthy investors willing to pump big money into the project. While the invested amount may be substantial, investors can reap the benefits of price appreciation once the tokens hit the open market.Open-for-all Pre-sales: Such pre-sales allow retail investors access to a project’s token before its public release. Nonetheless, most tokens remain unsold due to the limited faith in