Token Sale

Home / Glossary / Token Sale

Token Sale

What is Token Sale

Before a cryptocurrency is made publicly accessible for trading by anyone, it must first go through a token sale. There are other forms of token sales, but an initial coin offering is perhaps the most well-known (ICO). Early adopters and investors can buy a new cryptocurrency token through an initial coin offering before it becomes available on global exchanges. The investors in ICOs are frequently required to take particular actions, such as locking up a portion of the tokens they get.

In the beginning of every new cryptocurrency, token sales are a crucial mechanism. Token sales enable developers to attract investors to their projects at an early stage as the number of tokens on the market increases.


My Newsletter

Sign Up For Updates & Newsletters