Bitcoin Forum

Guys can we talk a little bit about pre-icos?

What is their purpose? Who is generally allowed in and why do so many do that?

Is it to gain notoriety? Or is it to let in already willing investors at a special price?

There would be icos of icos to launch coins like before ico there would be possible to buy the possibility of ico

Partly you are right. But I think the main thing is to probe the soil. To then make the necessary adjustments to enter the ICO.

Pre ICOs and ICO bonuses like +20% in the first week and such are nothing but simple and dirty marketing tricks creating false exclusivity. People who mindlessly throw money at ICOs are suckers for crap like that.

Exclusivity, VIP statuses, bonuses and the propsect of quick cash. Sounds familiar? If no then visit basically any gambling site or poker client. ICOs are nothing but mindless gambling. Lazy people chasing the Bitcoin gold rush without any effort, just throwing money at ICOs to have a pull on the virtual slot machine.

It's like a private game room in casino, with less fun

such called Pre-ICO, that means if the ICO successful, you win the profits. even the ICO project falled, according to certain terms of some ICOs, you will be refunded.　

The first ICO among crypto-currencies appears in 2014 year and it was Etherum, but only this years on the wave of Etherum's stable growth ICOs became blooming. Why do they appear? People want to make on other people's wish to become rich fast, just like it happen with Etherum holders. Generally it's just start ups which are only promising profit to investers, but don't guarantee it. Only 2-3% of this projects really worth and have a chance to become successful. So, don't hurry to invest in every that you see. Actually the number of ICOs that are just going to be announced is huge. But the most of them will not bring any money indeed.

Pre-ICO is more cheaper than ICO. In pre-ICO, they will use the funds to advertise and other stuffs like that. ICO phase is very expensive. Ofcourse you need some funds to use in able for ICO to success. Some ICOs use this forum to advertise their Coin. Sigcamps and others bounty programs. It's dangerous tho.

Everyday, several coins/projects are being launched to have their PRE-ICO or ICO.
The major objective that I can see for these pre-ico is to earn initial amount of funding for their project to commence their plans.
If unfortunately, the project turned out to be scam, the people involved will just disappear along with the cash collected and the investors are left regretting that they invested their hard-earned money.
Everyone can have their own pre-ico/ico, so it's up to the investor to check the authenticity of the project and their viability.
Normally, if the project is legit, pre-ico will really give you benefits over the ico stage, if that project turned out to be successful.
And a lot of times,  as there are several factors that influenced the fate of the coin, it's difficult to predict the outcome of the project.