Pre-mine

« Back to Glossary Index

When the distribution of a Cryptocurrency is done before the day it was launched it is known as pre-mine. This is frequently used  by ICOs. It is a way to reward founders, developers, or early investors into the project.

« Back to Glossary Index

Check Also

new-mining-strategies-crypto-halving

New Mining Strategies You Need To Incorporate After Crypto Halving

Good News! The Bitcoin network has already crossed its 800,000th block at the end of …