Pre-sale is, arguably, the most critical stage for any budding cryptocurrency, save for the launch itself. It allows institutions hoping to verge on the expanding market to flex their proverbial muscles, and show their teeth. Over the last few years, we’ve seen an influx of bespoke, specialist cryptos that might cater to a specific audience, such as gamers, creatives, or fitness freaks. All hoping to stand out from the rest, there are thousands upon thousands of new ICO coins that are hoping to make a mark. Humanitarian efforts, philanthropy, political engineering and alike are among the motives that validate the minting of new coins, and the building of communities.
A strong pre-sale typically — though not always — indicates a successful launch. In this article, we’re going to examine a few success stories of coins during their presale stage, and take a look at a new contender that is making serious waves during their humble beginnings – Big Eyes Coin (BIG).
Filecoin (FIL): Setting the standard for pre-sale coins
Filecoin is a decentralised storage network with the goal of developing a more reliable and secure system for archiving and retrieving data. The value of pre-sales is brought into sharp focus by the quality of their service. The Filecoin presale in 2017 was a huge success, raising over $200 million from both institutional and retail investors. Pre-sale tokens for this groundbreaking project’s ICO were snapped up in record time.
Since its peak, the value of the coin has dropped by about 98%. In light of its current state, the impact of the crypto collapse is obvious. The success of the pre-sale is a key indicator of the future success of new currencies like Big Eyes Coin, and even more importantly, investors in the presale are still in the black despite the coin’s decline in value since its inception.
The gaming platform Metacade was built with Web3 technology to serve as a central hub for gamers to meet one another, work together, and have an unparalleled GameFi experience.
Metacade has a well-thought-out strategy for monetizing the project, with numerous revenue streams in place to guarantee the project’s ongoing viability in the long run. Metacade has highlighted revenue streams that include on-platform advertising and a launchpad for third-party firms to launch their games, in addition to the pay-to-play gaming that customers can enjoy similar to a real-world arcade.
The whitepaper for Metacade describes such a wide range of potential uses for the platform that the beta level of the presale raised over $1.5 million in just five weeks, and the remaining presale stages are likely to sell out just as quickly.
Based on a canon of cartoons, Big Eyes Coin presents itself as a “meme currency” with an approachable and warm design aesthetic. Big Eyes seems to have a good grasp on what young people are interested in by providing them with NFTs, products, a USD value calculator, and the possibility that 5% of their wallet will be donated to ocean-based charity.
With a pre-sale of $21 million and a goal of $50 million, Big Eyes has set a very high bar for the industry. Their cult-like internet following can be attributed to their focus on community service and open debate. The coin will be released later this year, and it is trending upward to become a market and industry powerhouse.