XNY Token Description, divided into three steps
1: Today's TGE is a pre-sale, the threshold will be notified in the afternoon, accounting for 2% of the total tokens. The purchased tokens cannot be traded; later, when it goes on-chain and trading starts, it will be unlocked in batches, deducting alpha points!
2: There will be a 12-week wallet activity, with a threshold of 61 points, sharing 6% of the tokens, without deducting alpha points!
3: TGE new token offering, threshold to be determined, the obtained tokens can be sold in full. This token will go on-chain for trading, and a portion of the pre-sale tokens can be sold, deducting alpha points!
Summary: The pre-sale will definitely have the lowest price, lower than the TGE price, but the period is long; it may take even six months to a year for everything to be unlocked, with many variables in between.
The wallet activity is equivalent to the project team giving past on-chain community activities to Binance, which is quite good, and the profits are more transparent. In the past, when doing it on-chain, the final distribution of rewards was not transparent, usually resulting in a reverse profit, giving more to KOLs, commonly known as 'mouth profit'!
The last phase of TGE is the same as before; participation ends, and all tokens can be sold immediately. However, the token price will definitely be more expensive than the pre-sale!