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Author Topic: How To Properly Execute A Token Presale?  (Read 94 times)
UranusToken(ANUS)Official (OP)
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June 02, 2022, 05:57:31 PM
 #1

I'm recently getting into cryptocurrency. I started trading maybe two months ago. I was surfing YouTube and came across a tutorial on creating your own cryptocurrency tokens. So I decided to create and mint an SPL token.

I was mostly annoyed with everyone on twitter saying Doge to the moon. So I went ahead and came with a slogan and that is "Forget the moon. We're going straight to Uranus". This is more a joke than anything else. I was going to get them listed on some exchanges then give away and sell a bunch of them. I noticed exchanges want you to have at least $10,000 in your liquidity pool at any time. I don't have much money. I collect partial disability and do gig work. I'm determined to get this thing off the ground though. Decided that I'm going to do a token sale. I think it will be memeworthy and good joke. I'll have the official website and things like that up pretty soon.

In your opinion what is the best way to execute a token or altcoin presale?

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June 02, 2022, 08:02:51 PM
 #2

Get a great developer and showcase their experience.  Hire a good marketing person, create an interesting whitepaper and have faith in your team. 

You may also want to look at this https://medium.com/@blockchain101/9-steps-for-launching-an-ico-104b62b34a3c.   It shows a guideline on how to create your own cryptocurrency.
Partial Summary of the article.
Step 1: White Paper
Step 2: Purpose of your Token
Step 3: Terms and Conditions
Step 4: Build a Great Team
Step 5: Decide on what Token Technology to Use
Step 6: Execution Plan
Step 7: Token and Crowdsale Smart Contracts
Step 8: Hardware Setup
Step 9: Website
Step 10: Market Early and Market Right

source: https://medium.com/@blockchain101/9-steps-for-launching-an-ico-104b62b34a3c

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June 02, 2022, 08:17:42 PM
 #3

-snip-
If you already meet of this.

Then, tried to use some "Luanchpad" website. Because using a launchpad at lest you can get a guaranteed investment 50% will be sold, but off course depend on the type launchpad itself.

Next, "Marketing" strategy. Most of project using "KOLs" strategy, they can paid influencer or spot investment for influencer with the return they will promoted your project.

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UranusToken(ANUS)Official (OP)
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June 02, 2022, 11:55:42 PM
 #4

Get a great developer and showcase their experience.  Hire a good marketing person, create an interesting whitepaper and have faith in your team. 

You may also want to look at this https://medium.com/@blockchain101/9-steps-for-launching-an-ico-104b62b34a3c.   It shows a guideline on how to create your own cryptocurrency.
Partial Summary of the article.
Step 1: White Paper
Step 2: Purpose of your Token
Step 3: Terms and Conditions
Step 4: Build a Great Team
Step 5: Decide on what Token Technology to Use
Step 6: Execution Plan
Step 7: Token and Crowdsale Smart Contracts
Step 8: Hardware Setup
Step 9: Website
Step 10: Market Early and Market Right

source: https://medium.com/@blockchain101/9-steps-for-launching-an-ico-104b62b34a3c




Good bullet points. I've addressed a couple of them already. I obviously have some work to do.

Step 1: White Paper

Not even sure what a whitepaper is.

Step 2: Purpose of your Token

Mostly for fun. Basically a meme or joke token. Forget the moon. We're going straight to Uranus. https://solscan.io/token/BJkKpQ1tE81msuAxguGSmL47KnxXsNjFG9EJE1e2Sixk

Step 3: Terms and Conditions

Not sure on legal terminology

Step 4: Build a Great Team

It's just me

Step 5: Decide on what Token Technology to Use

It's an SPL token

Step 6: Execution Plan

This is why I'm here.
Step 7: Token and Crowdsale Smart Contracts

Step 8: Hardware Setup

VPS servers and my home computer

Step 9: Website

Domain registered and email server is up. Website coming soon.

Step 10: Market Early and Market Right

No idea how to market a cryptocurrency token.
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June 03, 2022, 01:29:54 AM
 #5

(....)
In your opinion what is the best way to execute a token or altcoin presale?
Using Initial Dex Offering (IDO) but if your project is trash, you will have no chance, if you just want to create a random shitcoin just for money, it's impossible to make it public unless you will release it on public like selling it on low price on DEX or do an airdrop but very red flag, not advisable. You must build first your project worth first.

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June 03, 2022, 01:39:05 AM
 #6

You will need a heavy bag of money to get a proper token presale because you will need to invest on marketing such as Kols and shillers to promote your token sale to vast number of investors or list on a launchpad and pay for there fees.

Some launchpad is very strict on requirements especially documents that will make your project legit. Base on your token, it's just a meme coin without fundamental so your best chance to list on a launchpad is to pay fees which is very expensive. In general you need huge sum of money to have successful presale.

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UranusToken(ANUS)Official (OP)
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June 03, 2022, 02:34:15 AM
 #7

(....)
In your opinion what is the best way to execute a token or altcoin presale?
Using Initial Dex Offering (IDO) but if your project is trash, you will have no chance, if you just want to create a random shitcoin just for money, it's impossible to make it public unless you will release it on public like selling it on low price on DEX or do an airdrop but very red flag, not advisable. You must build first your project worth first.


Make no mistake br0. This is a shitcoin. Not so much as to make money as to make people laugh.
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June 03, 2022, 04:15:42 AM
 #8

Make no mistake br0. This is a shitcoin. Not so much as to make money as to make people laugh.

If you are making a shitcoin and thinking of making a token pre-sale / sale for it then, would it be a money grab project?  Thinking of that, it isn't funny at all.  Lots of people who will fall for your scheme might end up losing money.  Why not offer it as a reward token, or create an airdrop for it and let the community put a value on your project.  You can also make it minable.  You can then set your roadmap for your token and ask for donations to make it move forward.  I know there will be people from the created community who will help you finance your project.  Just be transparent and offer a good feasible plan.
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June 03, 2022, 08:25:28 AM
 #9

In your opinion what is the best way to execute a token or altcoin presale?
Go to the shitty launch pad like pinksale that dedicated to the shit scam token. Bunch of scam tokens were using this garbage launchpad but remember you shall complete KYC verification for that.  Cheesy

Just to make sure if you need to get people who wanna gamble with your shitty token.  Cheesy

You didn't have much money to fill the liquidity pool and so another choice to make money from there.  Tongue

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June 03, 2022, 10:15:21 AM
 #10

Doing a token presale is not as simple as it sounds but you need to do the right thing if you want your token to gain traction and make your ecosystem truly decentralized. In the end, every project is different. While there are some fairly general themes, the following stages have been mentioned above. where the features of a successful token presale will vary from project to project. Some may need more time or have more time to offer.

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June 03, 2022, 11:02:54 AM
 #11

Doing a token presale is not as simple as it sounds but you need to do the right thing if you want your token to gain traction and make your ecosystem truly decentralized. In the end, every project is different. While there are some fairly general themes, the following stages have been mentioned above. where the features of a successful token presale will vary from project to project. Some may need more time or have more time to offer.
Without an attractive concept, roadmap and team transparency then investors don't invest in the project, but there's something unique about pre-sale investing on pinksale as many shitkoins get 1000+ BNB fundraising in few days because they are attracted to profit from high APY profit concept projects , after trading listing on pancakeswap only part of the project earns other than shitcoin only.

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June 04, 2022, 07:17:23 AM
 #12

Doing a token presale is not as simple as it sounds but you need to do the right thing if you want your token to gain traction and make your ecosystem truly decentralized. In the end, every project is different. While there are some fairly general themes, the following stages have been mentioned above. where the features of a successful token presale will vary from project to project. Some may need more time or have more time to offer.
Without an attractive concept, roadmap and team transparency then investors don't invest in the project, but there's something unique about pre-sale investing on pinksale as many shitkoins get 1000+ BNB fundraising in few days because they are attracted to profit from high APY profit concept projects , after trading listing on pancakeswap only part of the project earns other than shitcoin only.

I appreciate everyone's input on this. I'm going to giveaway a bunch of tokens and just see what happens. 251 holders at the time of this post. Probably keep this a social token until I have a better idea of the financing. Also gives me a chance to gain some popularity for the project.
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June 04, 2022, 07:29:17 AM
 #13

Make no mistake br0. This is a shitcoin. Not so much as to make money as to make people laugh.

If you are making a shitcoin and thinking of making a token pre-sale / sale for it then, would it be a money grab project?  Thinking of that, it isn't funny at all.  Lots of people who will fall for your scheme might end up losing money.  Why not offer it as a reward token, or create an airdrop for it and let the community put a value on your project.  You can also make it minable.  You can then set your roadmap for your token and ask for donations to make it move forward.  I know there will be people from the created community who will help you finance your project.  Just be transparent and offer a good feasible plan.

I think community building is more inline with project goals at least in the short term. I've seen a lot of coins do really well at first then just tank when they hit the exchanges. I'm not after a pump and dump scheme but something a little more long term. Going to just give them away until I get a few thousand holder at least https://solscan.io/token/BJkKpQ1tE81msuAxguGSmL47KnxXsNjFG9EJE1e2Sixk
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