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What is Pre-sale?
Crypto Glossary Definition
A sale event that runs prior to the proper crowdsale in an ICO. There is usually a low cap to the funds raised, and they are often sold in bulk or at a discount.
Why Pre-sale Matters
A pre-sale offers tokens to a select group of early investors before the public sale, typically at a discounted price — it's a common way projects raise early capital, though pre-sale investors receiving a much lower entry price than public buyers is also a recurring source of community criticism.
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