In this article:
We will explain what fair launch tokens are, how they work, and how they differ from pre-launch tokens. Cryptocurrency projects use various methods to introduce their tokens to the public, and one increasingly popular approach is the fair launch.
This article will guide you on how to participate in fair launch events using the Best Wallet app, highlighting the benefits of fair launches and how Best Wallet simplifies the process for you.
Fair launch tokens vs pre-launch tokens
The key difference between fair launch and pre-launch tokens is that fair launch tokens are launched and then sold directly to a buyer, meaning you can trade them instantly, whereas pre-launch tokens are essentially reserved until launch.
Fair launch tokens are made available at an initial fixed price, often determined by the market’s demand, and are sold directly from the project to buyers, not via an exchange.
Fair launch tokens provide an opportunity for anyone to participate at the same time, creating a more level playing field for all buyers.
On the other hand, pre-launch tokens are sold before they go live on a blockchain — meaning that tokens bought in a pre-launch sale are essentially reserved. You won't be able to access or trade them in your wallet until the token fully launches and you claim them.
Pre-launch tokens are often sold at a significant discount, offering buyers a cheap way to get involved in cryptocurrency projects at an early stage.
This pre-launch sale period is typically part of a new blockchain project’s early fundraising efforts. They attract early buyers and raise funds for development, marketing, and other operational needs. By participating in a pre-launch, you get the chance to purchase tokens before they’re made available publicly on decentralised exchanges (DEXs).
How do fair launch tokens work in Upcoming Tokens?
Best Wallet makes it seamless to discover, participate in, and manage fair launch tokens. Here’s how it works:
Discovering fair launch opportunities
In the Upcoming Tokens section of the app, you can find some fair launch projects, depending on what is featured currently. Each listing will include crucial information, such as:
The project’s key information, including its launched details, what exchanges it's trading on, and how many token holders
Major milestones and future updates, such as what exchanges it will be listed on soon, what community initiatives it has launched, and
Tokenomics and distribution details.
This transparency ensures you’re well-informed about each opportunity before getting involved.
Purchasing fair launch tokens
Once you’ve selected a project, purchasing a fair launch token is simple in Best Wallet. You can buy directly in your wallet, using the crypto you hold or your bank card.
Once you've purchased, your tokens will be sent directly to your wallet, ready to hold/trade!
Trading your fair launch tokens
Once you have your fair launched tokens in your wallet's token list, you will be able to swap them, both in-app and on a decentralised exchange. Check the project's website to see what decentralised or centralised exchange their token is trading on, as it will differ between projects.
Why buy fair launch tokens in Upcoming Tokens?
Buying a fair launch token in Upcoming Tokens can offer several benefits:
Direct Access: Buy fair launch tokens directly in your wallet, without any wallet connections. Buy using either the crypto you hold or your bank card!
Curated Project List: Best Wallet features only high-quality pre-launch and fair launch projects. Note: Best Wallet does not manage any Upcoming Tokens project, only the Best Wallet Token pre-launch sale.
Portfolio Growth: New fair launch tokens let you diversify your cryptocurrency holdings with promising new tokens.
How Best Wallet has improved buying fair launch tokens
Best Wallet's Upcoming Tokens feature is designed to improve finding and buying fair launch tokens.
Browse New Tokens: With a curated list of fair launch and pre-launch tokens, explore exciting new opportunities.
Comprehensive Information: Access all the details you need about each project in one place.
Key Notifications: Stay up-to-date with important events, including major updates, airdrops, and new token prices!
Secure Transactions: Best Wallet ensures your fair launch token purchases are simple and transparent.
Need help regarding a fair launch token in Upcoming Tokens?
If you're struggling to understand how a fair launch token works or how to trade your new tokens, please explore our other Upcoming Tokens guides. If you can't find the answer to your question, please email [email protected] or message through the Best Wallet app so the support team can troubleshoot and resolve your issue.
Reminder: Nobody from Best Wallet will ever ask for your wallet’s private key or seed phrase.