I have been in the crypto space for long, where we have seen the ICO craze as well as the pre sale craze. Now since the crypto market has improved little bit in the last 2 years, I feel the pre sale craze has been back. This is because we have seen that the Retik Finance has raised around $30 million or more through their pre sale event. And the coins in the pre sale was sold out in record time as well. When I read this news than I was sure that the bull market has already arrived.
PC: Pixabay.com
When the bull market was at peak, people were crazy about the new tokens as well as coins. They used to subscribe for the airdrops, pre sale event, ICO and thus every other coin used to give then almost 5x to 10x profit. It looks like the era seems to be back with Retik Finance. The pre sale is a crucial stage where the project needs funding for future developments. A lot of scam used to happen at this time also. People used to create fake coins and used to launch their ICO or pre sale event and eventually run away with the investors money. This was very common 4 or 5 years back.
To be honest, I feel the era shouldn't be back because a lot of people have lost their hard earned money because of that. With Retik Finance pre sale sold out in record time it feels like the Decentralized Finance or DeFI is still relevant today. The price of per coin was around $0.15, but we have to see how the price changes once it lists in the exchanges.
The DeFi's craze is far from over and thus the new coin in this space is testament to that investor still thinks that DeFi is the future.
