Dear Toobit users,
With the excitement around the Speed Zone presale and our FastLane event for NODED, we understand that our new introductions to the platform might be confusing. Therefore, we have compiled a list of all your questions in the form of a FAQ to answer them for you. Please check the SpeedZone Guide Here: How to participate Toobit Speed Zone
What is Speed Zone？
Speed Zone is a Toobit exclusive function where our users can buy new tokens that have not been launched on Toobit yet in advance.
*While Speed Zone may be similar to the concept of launchpads, launchpools, and IEO, it is not to be mistaken as such.
What is a Presale？
Before a Speed Zone token is officially listed on our platform, users can buy it at a special offer during a presale. This way, users are not only buying the token in advance, but also buying the token at a better price than the price of the token when it officially opens on our platform.
What is FastLane？
FastLane is a presale event that we are holding on Toobit, where users can purchase tokens during this special period at a special price.
What are the differences between SpeedZone and IEO/Launchpad?
Despite their similarities, there are several differences between Speed Zone and IEO or Launchpad that have been offered on other platforms. By providing early access, a special offer, and emphasizing its unique nature compared to standard practices like IEO, Toobit's Speed Zone aims to offer a different and advantageous experience for users.
Nature of Token
IEO: Tokens are sold directly on the exchange's platform during the initial offering.
Speed Zone: Users can buy new tokens in advance before they are officially listed on Toobit.
IEO: Generally standard practice on many cryptocurrency exchanges.
Speed Zone: An exclusive function unique to Toobit, allowing users to access tokens before official listing.
IEO: Prices are set during the initial offering.
Speed Zone: Users can participate in a presale at a special offer, obtaining tokens at a limited special price in comparison to the official listing price.
IEO: Tokens are listed on the exchange immediately after the offering.
Speed Zone: Tokens are bought in advance through Speed Zone's presale, will be listed on Toobit after the official launch.
Timing of Purchase
IEO: Tokens are purchased during the initial offering period.
Speed Zone: Users can buy tokens before the official listing, securing them in advance.
IEO: Prices are set by the exchange during the offering.
Speed Zone: Users benefit from a special offer, purchasing tokens at a more favorable price compared to the official listing.
Note of Distinction
IEO: A well-established concept in the crypto space.
Speed Zone: Emphasizes the distinction from launchpads and IEO, indicating it should not be mistaken for these concepts.
IEO: Similar to traditional Launchpads in the crypto space.
Speed Zone: While it shares similarities with Launchpads, it's distinct and should not be confused with Launchpads, Launchpools, or IEO.
How is the event different from the listing?
The event, "FastLane", is different from the official Speed Zone listing due to the following:
FastLane is open for a limited time only
FastLane allows users to buy the Speed Zone token at a special price
FastLane is an exclusive event that will not be available once the token has been listed for spot
Who can participate in it?
Every user on Toobit can participate in our FastLane event for Toobit Speed Zone. There is no purchase limit or trade volume required to participate in this event.
What’s the benefit of buying tokens in SpeedZone?
Users will get exclusive access to the tokens Toobit offers in Speed Zone if they purchase it during the Presale. This is because it has not been officially listed for spot trading yet, and is currently available at a special introductory price. Therefore users can benefit from the special offer price by purchasing the tokens during the limited presale period.