In this article:
We’ll explain what pre-launch tokens are, why projects sell their tokens before they fully launch, and how you browse and buy pre-launch tokens in the Upcoming Tokens tab of your Best Wallet.
Additionally, if you have bought a pre-launch token, learn what to expect after the pre-launch sale period ends, including how to claim your tokens and manage them.
Pre-launch token vs fair launch token
Pre-launch tokens refer to a project's tokens sold before it goes 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).
On the other hand, fair launch tokens are typically launched directly to the public, without any early pre-launch sale, meaning you can buy and then trade them instantly.
These tokens are made available at an initial fixed price, often determined by the market’s demand, and are distributed in a way that ensures no particular group has an advantage over others. Fair launch tokens provide an opportunity for anyone to participate at the same time, creating a more level playing field for all buyers.
The key difference between pre-launch and fair launch tokens is that pre-launch tokens offer early access at discounted prices, while fair launch tokens aim to create an equal opportunity for all participants when they are made available.
How do pre-launch tokens work in Upcoming Tokens?
Best Wallet makes it easy to discover, purchase, and manage pre-launch tokens. Here’s how it works:
Discovering pre-launch opportunities
In the Upcoming Tokens section of the app, you can browse a curated list of promising pre-launch projects. Each listing provides important details, such as the project’s milestones, key information, the current pre-launch price and next price increase, and the token’s launch timeline.
Purchasing pre-launch tokens
Once you’ve selected a project, purchasing a pre-launch token is simple in Best Wallet. You can buy directly in your wallet, using the crypto you hold or your bank card. Watch our guide on how to buy $BEST token, currently in a pre-launch sale period.
Monitoring your tokens pre-launch
After purchasing, your pre-launch tokens will be visible only in the Upcoming Tokens section. Here, you can:
Track their dollar value
Stay informed about the project’s progress.
Receive updates about important milestones.
Claiming tokens once they've launched
Pre-launch tokens aren’t immediately accessible. When the project launches its token (also referred to as the Token Generation Event or TGE), you’ll need to claim your tokens.
Best Wallet will notify you when the claiming period begins and guide you through the simple claiming process, with guides and video tutorials. You will be able to claim in Best Wallet, too, making the process simple.
Once claimed, your new tokens will be sent to your wallet, where you can trade, stake, or hold them.
Why buy pre-launch tokens in Upcoming Tokens?
Pre-launch tokens in Upcoming Tokens can offer several benefits for early adopters:
Discounted Prices: Get access to tokens at a lower price compared to their potential future value after launch.
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.
Early Supporter Advantage: By buying early, you support the project’s growth and may enjoy higher returns if it succeeds.
Portfolio Growth: Pre-launch tokens let you diversify your cryptocurrency holdings with promising new tokens.
How Best Wallet has improved buying pre-launch tokens
Best Wallet's Upcoming Tokens feature is designed to improve buying and claiming pre-launch tokens.
Real-time Tracking: Monitor your pre-launch investments and their estimated dollar value directly in the app.
Key Notifications: Stay up-to-date with important events, including the TGE and the claiming period.
Secure Transactions: Best Wallet ensures your pre-launch purchases are simple and transparent.
Comprehensive Information: Access all the details you need about each project in one place.
What happens once the pre-launch sale period ends?
Once the pre-launch sale period ends, here’s what typically happens:
Token Generation Event (TGE): The project mints and the claim period goes live, meaning pre-launch buyers can claim their new tokens.
Token Listing: The token is listed on decentralised exchanges, where it becomes tradable.
Visibility in Token List: After claiming and listing, your tokens will move from the Upcoming Tokens section to your wallet's token list, making them fully accessible.
Need help regarding a pre-launch token in Upcoming Tokens?
If you're struggling to understand how a pre-launch token works or when the project will launch, please explore our other 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.