I noticed an interesting point about how cryptocurrency markets work. Many newcomers confuse the primary and secondary markets—they are completely different things, although the logic is similar to traditional finance.

Let's figure it out. The primary market for cryptocurrencies is the stage when a project is just releasing its tokens. The team sells them directly to investors, usually at a more favorable price. This is a way to raise funds for the project's development. The price on the primary market is set by the team itself and can depend on the project's popularity, prospects, and overall market sentiment.

The secondary market is what happens afterward. It’s when already issued tokens are traded on crypto exchanges. Here, the price is determined by supply and demand, not by the team. The secondary market consists of platforms where ordinary investors buy and sell from each other. That’s where we see real price fluctuations depending on market conditions.

BOME is a good example of an unconventional approach to the primary market. The project didn’t conduct a typical pre-sale. Instead, participants sent SOL to an address on Solana, and tokens were distributed proportionally to their contribution. There was no fixed price at the start. All pre-sale tokens were distributed according to shares, then multiplied by a coefficient of 1.5. The initial price was set at $0.0000496. After that, liquidity pools were created, and the token moved to the secondary market—trading on exchanges.

But honesty is important here. The primary market may seem advantageous because prices are lower, but it’s very risky. I’ve seen too many projects where developers simply disappear. Out of tens of thousands of coins, only a few are profitable. Fake projects, stolen contracts, and all kinds of empty tokens are multiplying. Recently, I saw a fake pixel project that promised 100 pixels for certain actions. It clearly looks like phishing.

The secondary market is, of course, a safer option, but the entry price there is no longer the same as on the primary. However, you can see the actual volume and liquidity. The main advice: if you decide to participate in primary rounds, be very careful when checking the project. It’s better not to keep funds in unknown wallets at all. There are too many ways to lose everything.