What are Foretokens and How Do They Work?

Foretoken is a token that is issued before the main token sale. It is used to raise funds for the project and to give early supporters a chance to participate in the project's development.

For example, if a project is planning to launch an ICO (Initial Coin Offering) to raise funds for its development, it may issue a foretoken before the main ICO. The foretoken can be used to raise funds for the project, and it can also be used as a way to give early supporters a chance to participate in the project's development.

Foretokens are often issued through a token sale, which is similar to an ICO but with some key differences. For example, the foretoken sale may have different terms and conditions than the main ICO, and it may be open only to certain groups of people, such as early supporters or investors.

The main advantage of foretokens is that they allow early supporters to participate in the project's development and to get a head start on the main token sale. They can also provide a way for the project to raise funds before the main ICO, which can help to build momentum and interest in the project.