Submit a request Sign in
 
Logo Logo
Categories
Submit a request
Sign in
Indodax Academy Blog Indodax INDODAX.COM

What is Pre-Mining?

  1. INDODAX
  2. Information
  3. Digital Asset

browse

Pre-Mining is a coin mining process carried out by the creator of a crypto asset before the coin is launched to the public. Mining has been done long before the general public knows the advantages of this coin so that they are not interested and also do not have the opportunity to mine the coin.

Pre-Mining is usually a developer's backup. They create a crypto asset for a specific blockchain protocol, then send it to the address or wallet of the crypto asset's founding team, developers, and investors. After a certain period of time, the crypto asset is released to the public or other miners along with its ICO or launch date.

Pre-Mining can also be seen as a marketing activity. When investors and supporters of a new crypto asset project receive pre-mined crypto asset tokens and talk about them, it creates excitement, potentially driving up the price of the coin before launch.

    Articles in this section

  • Frequently Asked Questions (FAQ) of Alarm Price Feature
  • What is dKargo (DKA)?
  • What is the FIO Protocol?
  • How do I see the volume of digital assets available on the Indodax market?
  • How do I see my transaction volume on Indodax?
  • What is Sybil Attack?
  • What are Ommer Blocks?
  • What is Movement Crypto?
  • What is Virtual Protocol Coin?
  • What is Atomic Wallet?

Related articles

  • Is a Bitcoin Address the same as a Digital Wallet Address?
  • Frequently Asked Questions (FAQ) of DCA / Recurring Investment
  • Does Indodax.com have referral or affiliate program?
  • Is Indodax available Future Trading Features?
  • What is High Frequency Trading?

Promoted articles

  • BCA Virtual Account Payment Guideline
  • Frequently Asked Questions (FAQ) of Alarm Price Feature

Was this article helpful?


Have more questions ? Submit a Request
×
Logo
English (US) Bahasa Indonesia 简体中文
Indodax.com © 2022