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When it comes to cryptocurrency, there’s a whole host of ways to get involved in 2023 and with the right tools and knowledge, these have the potential to be lucrative, generate a passive income, and add a little fun to an otherwise boring money-making world.
One of the areas quickly gaining traction is crypto presales – and while getting involved with these won’t necessarily be subject to the same level of volatility as trading, there is a lot to be considered before putting your money on the line. We’re going to look at the best emerging in 2023 and a little more about what you can expect from your endeavours.
Before we dive into the best crypto presales, it can be important to understand what they actually are. These can often be referred to as initial coin offerings (or ICOs) and are typically used to present a new digital token to market. This will often give investors the chance to get involved with new cryptocurrencies before they are launched; at a lower price point and in a limited number than release on an exchange.
The idea behind crypto presales is that funds will be raised to develop the digital currency, while building interest and getting the name recognised within the industry as early as possible.
Here are the best crypto presales in 2023:
One of the first names to come up in conversation when talking about crypto pre-sales is Wall Street Memes. This is one to get involved with for those hoping to start right now, the initial round of presale is underway. As there are 30 stages to go through, the token will rise in value incrementally as the project progresses.
So far, over $8.5 million has been raised within the initial weeks of presale, so there seems to be some attractive potential for the future. It is an ERC-20 token and is community-based in its entirety.
Pros of Wall Street Memes
When it comes to memecoins, none are as well-known as Doge, so when AI Doge burst onto the scene this April, it was little wonder that it quickly generated hype. Differing from other crypto presales, AI Doge aims to completely change the way memes are created and shared – offering a whole new avenue of profit potential via the coined meme-to-earn model (M2E).
This innovative new turn in the cryptocurrency market has created what many deem to be an investment opportunity that isn’t to be overlooked.
Pros of AI Doge
Ecoterra comes in with a crypto presale project that differs from any other in the sense that it doesn’t just pose potential for financial rewards, but it also focuses on offsetting the environmental impact that cryptocurrencies are currently having.
Those who participate with Ecoterra earn tokens as they recycle and can track any activities that positively impact the climate. As achievements are reached, they can be minted as NFTs. There are options for businesses as well as individuals to use the Ecoterra platform and it’s known as a recycle-2-earn project.
Pros of Ecoterra
yPredict is a fantastic example of just how cryptocurrency presales are wide and varied, as this project offers token holders the ability to make use of trading and prediction software for the crypto niche. Those who are subscribed using the native token, $YPRED, will be able to enjoy a host of AI models that have been developed by nothing short of the leading experts across the tech and digital currency niches.
Pros of yPredict
With yet another entirely new concept, Deelance is aiming to be a unique platform that connects employers with a wider, more diverse talent pool, all on a platform that uses the native token $DLANCE to perform a host of functions through the Metaverse. This will function via smart contracts that will secure transactions and incorporate escrow payment services to ensure that payments are as safe and fast as possible.
Pros of Deelance
No two crypto presales on this list are alike and Launchpad XYZ is a project that has been designed to promote growth in the Web3 technology sector. Built on the Ethereum blockchain, those new to the Web3 environment will be able to use an all-in-one platform with a host of attractive features and functions, including a Web3 compatible crypto wallet, custom trading terminal, Metaverse library, a fractionalised assets marketplace and an NFT decentralized exchange.
Launchpad XYZ pros
It’s no secret that digital currency has become a staple part of modern finance, but also that changes within the markets and the growing use of AI and similar technologies have made things far more accessible than they were in the past.
As a result, not only are more individuals getting involved every year, but developers are also creating new and interesting ways to keep the market current and continue to perpetuate the industry. This means that there are now far more opportunities to potentially profit than ever before and more projects to get involved with, so it can be difficult to choose which will be right for you.
Not only will you want to peruse crypto aggregators and dedicated crypto presale sites to get up to date, relevant information about the presales on offer right now, but it can be a good idea to take a look at social media platforms such as Twitter and Reddit to get a more user-specific viewpoint of the different projects, how they’re likely to fare and even their potential for profit as the projects progress.
While crypto presales won’t be subject to the same volatility as investing or trading in established cryptocurrencies, this doesn’t mean that there won’t be risks when selecting a project. There are scams out there, so be sure to read the whitepaper associated with the one you are interested in and consider the road map that outlines the project’s aims and milestones, to ensure that everything aligns with what you expect.
Ensure that the projects that you shortlist have some quantifiable data, so that you will be able to make the right financial moves that will potentially bring you profit.
Each project will have its own economic properties and these can provide key insights into its potential. You will want to take a look at the proposed total token supply, how this will be distributed, vesting periods, mining and staking options, yields, the level of tokens that will potentially be burned, the current and predicted supply and demand and similar factors.
As you will be putting your own money on the line, it can be extremely important to determine your needs before you select a crypto presale. You will want to keep your budget, goals and future endeavors in mind, as each of these should impact the project you invest in.
Those who are hoping to trade their tokens for profit once they hit exchanges may want to focus their attention on trending projects with lots of hype and a decent road map, whereas those who want to hold their tokens may want to do a little more research on the viability of the project in the long term and how well offerings will be received within the host niche and not just the digital finance environment.
As presales are designed to come before the launch of a new token, project, or platform will typically find traders and investors buying tokens at record low prices and then either sell the coins as soon as they hit crypto exchanges or hold them in the hopes that the price will rise even higher.
It can be important to know that these can be private events or public events, but they can also be offered to the general public. Some projects will offer incentives and rewards that will entice buyers to engage with the platforms and currencies long-term, as opposed to simply buying in and trading out as soon as the going gets good.
This means that you will need to take some time to think about what you want from your investment and how you want to participate in crypto presales, as this will help to define what you do once the official launch is instigated.
The answer to this largely depends on your personal needs, wants, goals and budget, but the general sentiment is positive for crypto presales. As they are growing in popularity every year and more and more are being offered, there’s a healthy amount of innovation happening to keep the environment diverse, attractive and potentially lucrative well into the future.
Having said this, there are no guarantees, so it can be worthwhile to do your research, practice risk management and never invest more than you can afford to ensure that any losses that you may incur won’t be enough to break the bank or affect your everyday life.
Presales are typically launched a few months before a new cryptocurrency is officially released and as they are primarily designed to generate interest and funding, there will often be a limited amount of tokens on offer for a short amount of time. Projects will typically have presale rounds, stages, or phases where the price of the token will rise, but by the end of the project, the market starting price will be higher. Sales speeds will be determined by the number of tokens on offer and how well received they are by investors, and users can expect the market to generate demand as opposed to volatility or the crypto niche itself. As things can move quite quickly in the ICO environment, it can be important for investors to stay on top of market news and be active in their endeavors.
As presales won't be listed in the traditional way (via cryptocurrency exchanges), the best way to find them will be to keep an eye on online forums and communities, social media sites, listing tracking platforms and crypto aggregators for the most popular and new projects being released. Once you find the one you like, it is often a wise idea to visit the creator's website or social media pages and follow the prompts to buy their coins. It can be extremely important to take some time to learn a bit more about the team behind the project, as those with a proven track record of success and team members that are skilled within the relevant niches can be an indicator of a strong contender. Those that are not transparent about their team or worse, have zero information at all, you may be looking at a scam project that is best to be avoided.
Undoubtedly the top advantage for those entering the presale niche is the fact that you will potentially be buying popular coins at extremely low prices before they reach their peak. As a whole host of projects have rewards that you simply won't see when buying into an established cryptocurrency, it is easy to see why these are growing in popularity every year.
As with anything in the crypto niche, regulation is still often not up to the level that traders and investors would hope in 2023, but moves are being made to improve these every year. This means that there are a host of scams out there throughout digital finance no matter how you get involved, so always do your research before putting your money on the line.