The TON blockchain introduced a “premarket” phase for certain tokens, allowing early access to assets before their official public release. This approach enables users to acquire tokens at a very early stage, often at favorable terms, ahead of broader market availability.
Here’s the core idea: instead of waiting for new assets to be fully listed, select users can start acquiring them, helping set the initial market value based on early trading.
For instance, players of the viral clicker game Notcoin, got premarket access to their NOT, a few weeks before it went live. This gave players the chance to provisionally sell their tokens in case they wanted to cash in straight away or accumulate more, if they felt bullish about the future of NOT.
The Notcoin developers allowed anyone who had mined more than 10 million coins, to have premarket access and buy an NFT that could later be redeemed for the actual tokens, once they went live.
After the success of Notcoin on TON, various other mini-apps have used a premarket feature. But currently, to get access to these premarkets, users have to be already engaged and using the app.
This creates a fragmented market, and therefore limits the amount of participation and speculation around a token and it leaves investors confused or left out of what could be the next big thing on TON.
Elluminex, a new TON-based DeFi hub in the making, has a solution.
As part of their ecosystem, they have an OTC premarket platform on TON. This will grant users early access to new token projects before they are listed on major exchanges. This premarket access creates an opportunity for users to explore and invest in all the new projects during their formative stages, allowing them to potentially get the best bargains before the tokens go live on exchanges.
This means that while most CEX users (people not using Elluminex) will have to wait until the token goes live to trade it, those using DeFi on TON will be able to skip the queue and buy new tokens, often at a more competitive price than what they might find post-launch.
This is a huge benefit for project owners as well as holders, since it will help TON users to find out about their project, increasing interest, engagement, and, hopefully, positive price action.
For more information about Elluminex visit the links below: