Definition
Pre-TGE is the trading of rights/allocations before token generation or exchange listing.
Benefits
Early access: build positions before the crowd.
Disciplined price discovery: leverage tokenomics/vesting, on-chain signals, community traction, and funding history to frame a Fair-Value Band instead of chasing post-listing volatility.
Strategy flexibility: accumulate around unlock schedules, hedge exposure, or size long-term theses.
Risks
Uncertain TGE/listing timelines.
Lower liquidity than post-listing markets.
Information asymmetry without evidence-based discipline.
Platform role: amplify upside (standardization + data framing) and reduce downside
