Public Pre-Sale vs ICO

[Midoproj]

Hey fellow crypto-enthusiasts,

I had always thought that both terms ("public pre-sale" & "ICO") reffered to the same concept: The early sale of tokens.

I also found several threads in which peaple stated that there basically is no difference.


However, concerning the project and sale of 0chain, I found the following information on icodrops.com:

Important: Due to unprecedented demand it is likely we will sell all tokens in the public pre sale, with no ICO. ** First batch of KYC emails have been sent - 6th Feb. **



Which is confusing as apparantly there IS a difference.. Can anybody shed some light and explain what is meant by this information?

Regards

[1714803895]

1714803895

[h55]

u must study more about ICOs. because there are many types of ICOs. some of them containing only 1 step for token sale and some others may have more than 1 step to sale tokens.

some of ICO's, use pre-sell options for distributing tokens before presenting the tokens. you can check ICO's site to see that the ICO is in witch steps.

Important: Due to unprecedented demand it is likely we will sell all tokens in the public pre-sale, with no ICO. ** First batch of KYC emails have been sent - 6th Feb. **

it means that welcoming to pre-sell is very high;so tokens may have been sold before starting main ICO.

[bill gator]

The way an ICO or Public Pre-Sale, Pre-Mining and other methods are used are entirely dependent upon whatever project is being discussed and what their overall goals are. Satoshi decided that Mining blocks of bitcoin every 10-minutes, with dynamic difficulty to accomplish this, would be the best way to distribute 21,000,000 coins by the year X. I can't find any reasoning on what made him come to this conclusion, but my point is that it is dependent on the project entirely. These terms may be invented, re-invented, recycled, reused or something else entirely for a new project or ICO.

Every single project is going to be different and unique in it's own ways and the only way to understand each and everyone precisely is by reading their papers and everything else they release. If you still are not clear on how, why or what the company or group is trying to accomplish after reading all of their material, they most likely are just trying to desperately grab at money with a vague idea.

These words have loose definitions and are just used as placeholders to describe the more complex concepts that are actually taking place behind the scenes. I'm almost positive that there is no hard and fast definitions for these terms, so do your homework on each project you might be interested in.