A crypto presale, also known as a token presale or pre-ICO, is an early fundraising event where blockchain startups offer new tokens to select investors before the official public launch. During this phase, investors can purchase tokens at discounted prices, investing in projects at an early stage to support development and potentially benefit from future value increases.

Projects announce presale details, including dates, token prices, and fundraising goals. Interested investors connect their wallets to platforms like DYOR, facilitating the sale. During the presale, investors send funds, typically in established cryptocurrencies, which are exchanged for the project's tokens, often at special prices. This early participation allows investors to secure tokens before they become available to the general public.

The soft cap is the minimum amount of funds a project aims to raise during its fundraising round. It represents the threshold needed for the project to proceed with its development plans effectively. If the soft cap isn't reached, the project may refund the invested funds, as it indicates insufficient market interest or resources to move forward.

The hard cap is the maximum amount of funds a project will accept, setting an upper limit on the total investment. Once the hard cap is reached, the presale concludes, and no additional investments are accepted. This cap helps prevent overfunding, which can dilute token value and complicate project management.

The minimum bid is the smallest amount an investor must contribute to participate in a presale. It ensures that all participants meet the project's minimum investment requirement, making the process accessible while maintaining a certain level of commitment.

The maximum bid is the highest amount an individual investor is allowed to contribute in a presale. This limit prevents single investors from acquiring a disproportionately large share of the tokens, promoting fair distribution among participants.

A vesting round is a mechanism where the tokens you purchase during a presale are released to you gradually over time instead of all at once. For example, after investing, you might have a cliff period where no tokens are released immediately. After this period, a portion of your tokens unlock, with the remainder becoming available in scheduled increments. This approach encourages long-term commitment and reduces the likelihood of immediate sell-offs that could impact the token's value.

To participate in a presale, connect your cryptocurrency wallet to the DYOR platform. Once connected, you can execute transactions directly with us, reserving your place and securing your allocation of tokens. This process allows you to invest in promising projects at the pre-launch stage, often at favorable prices before the official token launch to the wider market.

After receiving your allocation of tokens, you have several options:

1. Trade on DYOR Swap: Use DYOR Swap to trade your tokens seamlessly within our platform, exchanging them for other tokens supported by decentralized exchanges. This allows you to realize profits or continue trading with us, taking advantage of market opportunities.
2. Cross-Chain Transfers: If you wish to transfer your funds elsewhere, you can utilize cross-chain services. This involves converting your tokens—such as wrapping them into a compatible format—and withdrawing them to another wallet on a different blockchain network.