If the crypto market were a buffet, the presale would be the appetiser. So what is a presale? It may not be necessary. However, it is beneficial. It is uniquely beneficial because it acts as a stimulant for what’s to follow. Once the cryptocurrency in the presale stage enters the market, existing investors stand to gain immediately if it succeeds. So do your research and stay tuned for projects such as DogeMiyagi (MIYAGI), one of the next big presales.
Crypto 101
Before exploring the buffet that is the crypto market, let’s look at what the main dishes, in essence, are. They are cryptocurrencies or crypto, digital currency stored on a decentralised system known as the blockchain for security and transparency.
Usually, money is distributed by centralised systems or institutions known as Central Banks, such as the Bank of England or the Federal Reserve in the USA. Similarly, each country has its centralised system in charge of money circulation and printing. The drawbacks of such systems are as Central Banks print money as and when they choose, the value of these traditional currencies reduces significantly. In the USA alone, post-COVID-19, $13 trillion was printed.
Crypto Market 101
So if you look at the market, there are certainly the top ten currencies. You can imagine these to be the ‘chef’s specials’. These are typically currencies such as Bitcoin (BTC), which comprise about 40% of the market. Followed by alternative currencies known as altcoins, such as Cardano (ADA), Solana and Dogecoin (DOGE) and soon-to-be DogeMiyagi (MIYAGI), who collectively form the remaining 60%.
What Is A Presale?
A presale or the appetiser to the buffet enables those keen to be the first to get a taste of the project by visiting their website and socials. The benefit of a presale is an opportunity for new investors to grab a new token, such as DogeMiyagi, at a cheaper rate because it has yet to reach the market and to get a taste of the project. By doing so, they position themselves as the early buyers of DogeMiyagi and stand a chance to profit once the token officially enters the market.
Recent Presale Success
Early this year, a similar event was seen for Big Eyes Coin (BIG), another meme coin. They raised over $30 million during the presale stage. The total supply was only 200 million coins, but it’s been widely said that over 75% has already been sold at presale. Implying before it has officially been launched to the market, it is already in short supply. Thus, fresh from the BIG momentum, pun intended, the same is being expected for DogeMiyagi because it is already touching the wallets and hearts of investors.
What Sets DogeMiyagi Apart?
Although drawing from the success of meme coin leaders and altcoins such as DogeCoin (DOGE) with (at the time of writing) their market cap, that is, the total value of the currency against the whole market, is $9.4 billion, DogeMiyagi aims to carve a niche of its own. A purpose-driven currency with a mascot synonymous with Hollywood, inspired by the movie Karate Kid and the Netflix series Cobra Kai. DogeMiyagi aims to build a community surrounding Karate Kid fans and martial artists, to name a few. Owners of the tokens can also be rewarded with a 10% commission when friends follow suit.
Like any crypto project or buffet, it is worthwhile for one to do their research. So visit the website and socials provided below, and as you learn more about what a presale is, always remember, “First learn stand, then learn to fly” – Mr Miyagi. Arigato.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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