Cryptocurrency Q&A
What is premined coin?
What is premined coin?
ShadowFox
Tue Nov 05 2024
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I'm curious about premined coins. Could someone explain what they are and how they work in the context of cryptocurrency? I'd like to understand the background and implications of premining.
5 answers
SakuraDance
Thu Nov 07 2024
Premining refers to the practice of extracting or generating a specific amount of blockchain-based tokens or coins prior to the official release of a cryptocurrency to the general public.
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Davide
Thu Nov 07 2024
This process is commonly linked with initial coin offerings (ICOs), serving as a means to incentivize and reward key stakeholders involved in the project.
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EthereumLegendGuard
Wed Nov 06 2024
Founders, developers, and early investors are typically the beneficiaries of premining, as it allows them to acquire a portion of the cryptocurrency before it becomes available to the wider market.
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Giulia
Wed Nov 06 2024
By engaging in premining, these individuals are able to secure a stake in the project's future success, potentially leading to significant gains if the cryptocurrency gains traction and value.
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CryptoLodestar
Wed Nov 06 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of both casual and seasoned investors. Among its offerings are spot trading, futures trading, and a secure wallet solution, enabling users to buy, sell, and store their cryptocurrencies with ease.
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