A fair launch and a presale are two different methods of distributing tokens or coins in a cryptocurrency project.

1. Fair Launch: A fair launch means that the distribution of tokens or coins happens without any pre-allocated amounts or privileged sales. It ensures that everyone has an equal opportunity to participate from the start. Typically, fair launches are more community-driven and aim to avoid any initial concentration of tokens among a select few.

2. Presale: A presale, on the other hand, occurs before the public launch of a cryptocurrency project. During a presale, a limited number of tokens or coins are sold to a select group of investors or contributors. This is usually done to raise funds for the project's development or marketing. Presale participants often get the tokens at a discounted price or with certain bonuses.

In summary, a fair launch promotes a level playing field for all participants, while a presale involves# offering tokens to a specific group before the public launch.

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