The "primary market" usually refers to the early stage of a project's financing, when it raises funds through token sales or other forms. When investors buy tokens in the primary market, they usually participate at a lower price, hoping to sell them in the secondary market for a profit after the value of the tokens rises in the future.
Web3's primary market provides investors with the opportunity to participate in early projects and enjoy high returns. Here are some common ways to play in Web3's primary market:
ICO
ICO is the earliest and most common primary market gameplay, similar to IPO (initial public offering) in traditional finance.
「How to play:」
1. Project selection: Look for potential projects and study their white papers, team background, technical strength and market prospects.
2. How to participate: Usually register on the project’s official website and complete KYC (Know Your Customer) certification, and then purchase tokens with mainstream cryptocurrencies such as Bitcoin and Ethereum.
3. Token acquisition: After successful purchase, the tokens will be sent to your wallet address.
"Precautions:"
Beware of scam projects.
Confirm project compliance and transparency.
Understand the lock-up period and unlocking rules of tokens.
EYE
IDO is a token issuance on a decentralized exchange (such as xxx), which has higher transparency and decentralization.
「How to play:」
1. Project selection: Learn about upcoming IDO projects through platforms (such as Uniswap, SushiSwap).
2. Prepare funds: Make sure there is enough cryptocurrency in your wallet (usually ETH or BNB) and a small amount of tokens for paying transaction fees.
3. Participate in IDO: Visit the DEX platform within the specified time, connect your wallet, and follow the steps to purchase tokens.
"Precautions:"
Understand the project's token distribution and unlocking schedule.
Ensure that the xxx platform used is safe and reliable.
YES
IEO is a token issuance conducted on a centralized exchange (such as xxx), which will review the project and help promote it.
「How to play:」1. Project selection: Pay attention to the IEO announcements released by exchanges (such as Binance).
2. Account preparation: Register on the exchange and complete KYC certification to ensure that there are sufficient funds in the account.
3. Participate in IEO: Participate in token subscription within the specified time and purchase tokens according to the rules of the exchange.
"Precautions:"
Choose a reputable exchange.
Understand subscription rules and limits.
Airdrops (e.g. SCDO)
Airdrop is a way for a project to send tokens to community members for free in order to promote and distribute tokens.
「How to play:」
1. Project selection: Pay attention to the community, social media, and dedicated airdrop websites to learn about upcoming airdrop activities.
2. Participation method: Complete the designated tasks as required by the project party (such as registration, forwarding tweets, joining the community).
3. Get tokens: After the task is completed, the tokens will be automatically sent to your wallet address.
"Precautions:"
Beware of fake airdrops and phishing sites.
Do not disclose private keys or wallet passwords.
Summarize
Web3's primary market provides investors with a variety of ways to participate in early projects, each with its own characteristics and risks. Whether participating in ICO, IDO, IEO, or acquiring tokens through airdrops, you need to study carefully and choose carefully. Understanding the project's technology, team, and market prospects, and following the safety operation guide can help you get better returns in Web3's primary market.
