TFT ICO Presale: What is it and How Does it Work?

An ICO presale is a period of time before an ICO’s public sale where a project’s team sells tokens to private investors at a discount. Usually, the funds raised during the presale are used to finance the project’s marketing and development expenses leading up to the main ICO event. In some cases, the funds can also be used to secure partnerships, listings on exchanges, and other business expenses. 

Toon Finance is the new meme coin that everyone in the space is talking about, it is the hottest meme coin on the blockchain and users and investors are flocking in to get their tokens. The coin is currently in the first phase of presale continuing to raise millions of dollars in just a few weeks. So what is next for the big TFT ICO? 

The coin ICO consists of 50% of the tokens being sold for presale with a total amount of 1 Billion tokens. The coin presale has been on fire lately heating up the entire industry. They are already listed on major crypto websites such as CoinMarketCap.com and Crypto.com

How Does an ICO Presale Work? 

During an ICO presale, a project’s team sells a certain number of tokens to private investors at a discounted price. The terms of each presale vary, but usually, the discount is between 20-40%. For example, if the price of 1 token during the main ICO event is $1 USD, the price during the presale might be $0.60-$0.80 USD. 

The minimum amount that can be invested during an ICO presale is often higher than during the main ICO event. This is because private investors are taking on more risk by investing early on in a project. The minimum investment amount during an ICO presale is usually between $10,000-$50,000 USD. 

How to purchase TFT 

All you have to do is download a multi chain crypto wallet. This is going to be your crypto bank account. 

Once you have downloaded an app like MetaMask or TrustWallet which are two major multi chain wallets you are now ready to load it with Ethereum.

Next you will go to the Toon Finance buy page and connect your wallet to the website. Once you have connected your wallet you are now ready to purchase your Toon Tokens. 

All you have to do now is enter in the amount of tokens you want in ETH and click “Buy” . It is that simple. Now you are ready to enter The Toonie Verse. See ya in space.  Toon Finance Protocol

Who Can Participate in an ICO Presale? 

In order to participate in an ICO presale, you must first be accredited by the project’s team. To be accredited, you will need to meet certain criteria set by the team. For example, you might need to have a certain amount of experience investing in crypto projects or have a certain amount of money already invested in crypto assets. 

If you meet the criteria set by the project’s team, you will then need to sign a contract with them. This contract will outline the terms of your investment, such as how many tokens you will receive and at what price. Once the contract is signed and you have transferred your investment to the team, you will receive your tokens. 

An ICO presale is a period of time before an ICO’s public sale where tokens are sold to private investors at a discount. Presales are used to finance the project’s marketing and development expenses leading up to the main ICO event. 

If you’re thinking about participating in an ICO presale, make sure that you’re accredited by the project’s team and that you understand all of the terms of your investment before signing any contracts or transferring any money.

XRP and the SEC: The current state of affairs

The past year has been a rollercoaster for crypto investors, and no coin has felt the ups and downs more than XRP. Once the poster child for the crypto industry, XRP has fallen out of favour with many in the past year due to its association with Ripple, the company that controls its supply. 

Now, XRP is facing an even bigger threat: The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, alleging that the sale of XRP was an unregistered securities offering. 

This lawsuit is still in its early stages, but it has already had a major impact on the price of XRP. In this post, we’ll take a look at the current state of affairs and what it could mean for the future of XRP.

The SEC’s Lawsuit Against Ripple

On December 22, 2020, the SEC filed a lawsuit against Ripple, alleging that the sale of XRP was an unregistered securities offering. 

The SEC is seeking to recover “ill-gotten gains” from Ripple and also impose civil penalties. Ripple has denied any wrongdoing, calling the SEC’s lawsuit “an attack on crypto.”

The lawsuit is still in its early stages, but it has already had a major impact on the price of XRP. After reaching a high of $0.79 in late November 2020, XRP’s price began to decline in December as news of the SEC’s investigation into Ripple leaked out. 

On December 21, 2020, Bloomberg reported that the SEC was preparing to file a lawsuit against Ripple. The next day, when the news became official, XRP’s price plummeted by 30%. It has continued to decline since then and is currently trading at $0.28. 

What’s Next for Ripple and XRP?

It remains to be seen how this lawsuit will play out, but it is safe to say that it is bad news for Ripple and XRP. If Ripple is found guilty of violating securities laws, it could be fined or even forced to shut down. This would obviously have a major impact on the price of XRP. Even if Ripple is not found guilty, the legal fees associated with defending itself against the SEC could be crippling. 

The SEC’s lawsuit against Ripple is still in its early stages, but it has already had a major impact on the price of XRP. If Ripple is found guilty of violating securities laws, it could be fined or even forced to shut down. 

This would obviously have a major impact on the price of XRP. Even if Ripple is not found guilty, the legal fees associated with defending itself against the SEC could be crippling. Only time will tell how this story will play out, but one thing is for sure: It is bad news for Ripple and XRP.

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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.