Pre-Mine

Pre-mining refers to the process of creating a specific number of coins for a blockchain project before its public sale. These coins are often awarded to the project’s developers and founders. Pre-mining is analogous to selling a stake in a company to existing founders and employees before it goes public. Unlike projects without pre-mines, where the initial coins are typically distributed through public offerings like Initial Coin Offerings (ICOs), pre-mining allows project creators to possess assets before the market price is determined.