What is the web3 primary market?#
"The primary market" usually refers to the early stage of a project's financing, where funds are raised through token sales or other forms. When investors purchase tokens in the primary market, they typically participate at a lower price, expecting to sell for a profit in the secondary market when the token value increases.
The web3 primary market provides investors with opportunities to participate in early-stage projects and enjoy high returns. Here are several common strategies for the web3 primary market:
ICO#
ICO is the earliest and most common strategy in the primary market, similar to IPO (Initial Public Offering) in traditional finance.
"Strategy steps:"
•1. Project selection: Look for promising projects and research their whitepapers, team backgrounds, technical capabilities, and market prospects.
•2. Participation method: Usually, register on the project's official website and complete KYC (Know Your Customer) verification, then purchase tokens using mainstream cryptocurrencies such as Bitcoin, Ethereum, etc.
•3. Token acquisition: After a successful purchase, the tokens will be sent to your wallet address.
"Notes:"
•Beware of fraudulent projects.
•Confirm the compliance and transparency of the project.
•Understand the token lock-up period and unlocking rules.
IDO#
IDO is the token issuance conducted on decentralized exchanges (DEX), with higher transparency and decentralization.
"Strategy steps:"
•1. Project selection: Learn about upcoming IDO projects through platforms like Uniswap, SushiSwap.
•2. Prepare funds: Ensure that your wallet has sufficient cryptocurrencies (usually ETH or BNB) and a small amount of tokens for transaction fees.
•3. Participate in IDO: Within the specified time, access the DEX platform, connect your wallet, and follow the steps to purchase tokens.
"Notes:"
•Understand the token allocation and unlocking time of the project.
•Ensure the security and reliability of the used DEX platform.
IEO#
IEO is the token issuance conducted on centralized exchanges (CEX), where the exchange audits the project and helps with promotion.
"Strategy steps:"
•1. Project selection: Pay attention to IEO announcements released by exchanges like Binance.
•2. Account preparation: Register on the exchange and complete KYC verification, ensuring that your account has sufficient funds.
•3. Participate in IEO: Participate in token subscriptions within the specified time, purchasing tokens according to the exchange's rules.
"Notes:"
•Choose reputable exchanges.
•Understand the subscription rules and limits.
Airdrop#
Airdrop is a way for project teams to distribute tokens for promotion and community members receive tokens for free.
"Strategy steps:"
•1. Project selection: Pay attention to communities, social media, and dedicated airdrop websites to learn about upcoming airdrop activities.
•2. Participation method: Complete specified tasks as required by the project team (such as registration, retweeting, joining communities).
•3. Obtain tokens: After completing the tasks, the tokens will be automatically sent to your wallet address.
"Notes:"
•Beware of fake airdrops and phishing websites.
•Do not disclose private keys or wallet passwords.
Summary#
The web3 primary market provides investors with various ways to participate in early-stage projects. Each strategy has its characteristics and risks. Whether participating in ICOs, IDOs, IEOs, or obtaining tokens through airdrops, careful research and cautious selection are necessary. Understanding the project's technology, team, and market prospects, and following security guidelines can help you achieve better returns in the web3 primary market.