#MarketTurbulence To understand the meaning of Phase in crypto projects, let’s take a practical example from the Polkadot project, which is one of the most prominent projects that launched its digital currency through an ICO (Initial Coin Offering).
📌 Practical Example: Polkadot
In 2017, the Polkadot project launched a successful ICO, raising over $144 million. The offering process was divided into phases to ensure organization and transparency. Each phase targeted a specific category of investors and offered different benefits, such as allocating specific shares or preferential prices. (Wikipedia)
After completing the ICO, the project moved on to other developmental stages, such as:
Phase One: Launching the test network (Testnet) to test the infrastructure.
Phase Two: Launching the main network (Mainnet) with smart contract support.
Phase Three: Improving scalability and security.
Each Phase represented a strategic step towards achieving the project’s vision and expanding its scope.
✅ Summary
Through this example, it is clear that the term Phase in crypto refers to a specific stage within the project’s roadmap, where objectives, resources, and a specific time frame are defined for each phase to ensure organized progress towards achieving the project's ultimate goals.