Concepts frequently used in the IDO presales. It is useful to learn these concepts, especially for those who will participate in IDO for the first time.

• Claim Token: Refers to the process of acquiring a cryptocurrency or token that has been allocated to you as a result of participating in an event such as an airdrop or a token sale.
• Vesting: The process of distributing tokens to investors or team members over a period of time, often used as a way to ensure that tokens are not dumped on the market immediately after launch.
• Private Sale: A stage in the token sale process where the project sells tokens to a select group of investors before the public sale or launch. Private sale investors usually get a discounted price.
• DEX: Decentralized exchange, a platform that allows peer-to-peer trading of cryptocurrencies without intermediaries.
• Launch on DEX: Refers to the process of listing a token on a decentralized exchange (DEX), which is a platform that allows users to trade cryptocurrencies directly with each other without intermediaries.
• Buy/Sell Tax: Some token projects implement a tax on each buy or sell transaction. This tax usually provides liquidity to the market or reward holders.
• Marketcap: The total value of a cryptocurrency or token based on its current price and circulating supply.
• Token Lock: The process of locking a certain amount of tokens for a specified period of time, often used to prevent early selling by project team members or investors.
• Liquidity Pool: A pool of funds or tokens used to facilitate trading on a decentralized exchange. Liquidity providers add funds to the pool and receive a share of the trading fees.
• LP Lock Duration: The amount of time that liquidity providers must lock their funds in the liquidity pool to receive trading fees.
• Renounced Ownership: The process of removing the ownership of the token contract from the project team or original creator, usually done to increase transparency and decentralization.
• Token Burn: The process of permanently removing tokens from circulation by sending them to a burn address. This can be used to decrease the total supply of a token and increase its scarcity.
• KYC: It is the verification of the identity information of the people/team that owns the project by a KYC firm. KYC firm will take legal action if the project owners commit fraud.
• Audit: Expert review of the token smart contract. The deficiencies and capabilities of the contract are indicated in the report.