What is Pre-Sale?

A pre-sale is held by some blockchain enterprises after the private sale has been completed, but before the public sale, whereby a specific allocation of coins is sold to prospective investors. This pre-sale is often held to give institutional investors, and smaller investment funds that missed out on the private sale, a chance to contribute. Often family members and close friends of project founders, as well as high-net-worth individuals (HNWIs), are given this early funding round investment opportunity prior to the Initial Coin Offering (ICO) or similar public offering, such as an Initial Exchange Offering (IEO).