In this article:
Learn what you can do after buying a token in the Upcoming Tokens tab. Two main types of tokens are currently available in Upcoming Tokens: pre-launch tokens and fair launch tokens.
Whereas you can trade a fair launch token instantly after purchasing, pre-launch tokens remain non-tradable until they launch. For example, when you buy Best Wallet Token ($BEST) in Upcoming Tokens, you won't receive your $BEST tokens instantly. This is because the project is ongoing and the token hasn't launched yet.
Whilst you can monitor upcoming tokens' value and progress in Best Wallet, pre-launch tokens are not tradeable immediately after purchase.
You will only be able to trade pre-launch tokens once the project's pre-launch period finishes, the Token Generation Event (TGE) happens, you've claimed your tokens and the new token is launched on a decentralised exchange (DEX).
Best Wallet makes it easy for you to track the project's progress and stay updated until their tokens become tradable, thanks to in-app updates and email notifications.
Why are pre-launch tokens initially non-tradable?
Pre-launch tokens are part of fundraising efforts by cryptocurrency projects. These tokens are offered to early investors at a discounted price before they are officially launched on decentralised exchanges.
While this offers the potential for early gains, it comes with a key trade-off: you cannot trade or transfer pre-launch tokens until the project goes live on a DEX and the official claiming period is activated.
This restriction ensures that the tokenomics of the project remains intact, preventing premature selling or market disruptions before the token is fully launched. It also gives the project team time to finalise all aspects of the token’s introduction, such as setting up liquidity pools and smart contracts.
What can you do while waiting?
Even though pre-launch tokens cannot be traded immediately, Best Wallet provides several tools to keep you informed and engaged during the waiting period. Here’s what you can do:
Track your pre-launch tokens, including their growing dollar value
The 'Upcoming Tokens' section allows you to monitor the estimated dollar value of your pre-launch tokens. While this value is not locked in and may fluctuate, it gives you a snapshot of how your investment is performing relative to the pre-launch price. This can help you plan your future trading or holding strategy once the tokens go live.
Follow real-time updates
The 'Upcoming Tokens' section is designed to keep you connected with your investments. You can view the project’s progress, including milestones achieved, updates from the team, and the countdown to the token’s launch. This transparency ensures you’re not left in the dark about the status of your pre-launch tokens.
Keep an eye out for timely notifications
Best Wallet takes the guesswork out of pre-launch investing by sending you notifications about important events. These include:
Project Status Updates: Be the first to know if there are changes to the pre-launch period or the project’s roadmap.
Claiming Period Activation: As soon as the claiming period opens, you’ll receive a notification guiding you on how to access and use your tokens.
Token Launch Notifications: You’ll be informed when the token officially goes live on decentralised exchanges, allowing you to take action promptly.
How does the claiming process for pre-launch tokens work?
Once the claiming period is activated, you’ll need to manually claim your pre-launch tokens. Best Wallet will notify you when this happens and provide step-by-step instructions within the app. You will be able to claim directly within the Upcoming Tokens tab.
After claiming, your tokens will be added to your wallet and become fully accessible for trading or other transactions on supported decentralised exchanges.
What to keep in mind when buying pre-launch tokens
If you want to buy an instantly tradeable token in Upcoming Tokens, look for the fair launch tokens — you will receive your new crypto straight after purchase and they will be tradable in your wallet instantly.
On the other hand, while pre-launch tokens often offer exciting and lucrative opportunities, it’s essential to approach them with a clear understanding of the associated timelines and restrictions. Here are a few tips:
Be Patient: It may take weeks or even months for pre-launch tokens to go live, depending on the project’s roadmap.
Stay Informed: Enable notifications in Best Wallet to monitor progress and updates, and keep an eye on the project page in Upcoming Tokens.
Plan Your Strategy: Once tokens become tradable, decide whether to hold, sell, or stake based on your financial goals.
Still confused about what you can do with your Upcoming Tokens purchases?
If you have bought a fair launch or pre-launch token in Upcoming Tokens, please double-check the steps above to clarify what you can and can't do, and check the project's social media.
If you're still confused, please email [email protected] and the support team will help you troubleshoot and resolve your issue.