The wider world · 73 / 86
Launchpads and presales
A launchpad or a presale sells coins before the public market. Early buyers often get a cheaper price. The unlock is when they can sell it to you.
Early coins
You send money first. The tokens arrive later, or vest. The project has your money before you can leave.
The dump
When the cliff hits, early buyers sell into the new crowd. A listing day spike is their exit as much as your entry.
Read the price they paid, the unlock date, and what happens to your money if the launch is cancelled.
Check yourself
Is a listing-day rise a sign you should chase it?
It can be the early buyers selling. Know their unlock first.
After this you can find the early buyers' price and unlock before you join a presale.