Is 75% discount in presale of a project way too high? What do you think will happen to such project giving away too high discount for a presale? Will this cos huge dump or you've seen projects that survives after such massive discount
UPDATE
I meant 75% not $, that was a mistake and thanks for understanding
Like I know, not all projects are scam but many of this projects with 75% off on pre-sale are scam projects, so many I can't mention.
I joined an airdrop on discord early this year things was going real good till the pre-sale and 24hrs to the pre-sale they reduced the price 20% more making it more cheaper and at the end of the day the admin came out to announce to them that they've really contributed to his life lmao he just took all the money and disappeared thank God I wasn't a victim. Short story all I'll tell you is make research before jumping into pre-sale make sure you go through the project, check the backup team check their potentials else you might fall a victim.
This is the common discount on presale of projects launching there project right now. I'm active on participating on presale and they usually control the price after listing by limiting the maximum buy per user and vesting release of presale tokens. This way even though they have a huge discount, They can't dump there token at once and there's no whale that can manipulate the price of the market.