Understanding the basic mechanisms of financial markets, it is important to grasp the difference between the primary market and the secondary market.

In traditional financial markets, these two markets are clearly separated. In the primary market, companies issue new stocks or bonds, and investors purchase them directly, resulting in funds flowing into the company. On the other hand, the secondary market is where already issued securities are bought and sold among investors on exchanges. Here, prices are determined by supply and demand, and it does not directly affect the company's capital structure.

Cryptocurrency markets generally have the same structure. In the primary market, new projects issue tokens and raise funds from early investors through pre-sales. During this stage, project teams typically set the price and sell tokens directly at a low price.

However, not all projects follow the same approach. For example, BOME adopts a unique method, where participation is possible by sending SOL to a designated Solana address, and tokens are distributed proportionally to the donation amount. After the pre-sale, a liquidity pool is formed, and an initial price is set, enabling trading in the market.

In the secondary market, issued tokens are freely bought and sold on major exchanges and platforms. Here, market supply and demand determine the price, and investors trade based on market prices.

As the cryptocurrency market grows, there are also points that require caution. Fraudulent projects and stolen coins are increasing, making beginners easy targets. Buying at low prices in the primary market does not guarantee profits; in fact, most projects end in failure. When trading in the secondary market, it is most important to carefully evaluate the reliability of the project.

By understanding both the primary and secondary markets, you will be able to see the overall movement of the cryptocurrency market more clearly.