1. What is a pre ?

Here is an introduction to Tokens, without involving price information:

1. Definition of Tokens:
   Tokens are a type of digital or virtual currency that uses cryptographic technology to ensure transaction security and control the issuance of new units. They are not controlled by any government or financial institution and use decentralized technology to record transactions and issue new units.

2. Characteristics of Tokens:

3. Decentralization: Tokens are not controlled by any government or financial institution and use distributed ledger technology (like blockchain) to record transactions.

4. Security: They use cryptographic technology to ensure the security and immutability of transactions.

5. Anonymity: Many Tokens provide anonymous transaction features.

6. Global Reach: Tokens can be traded worldwide without geographical restrictions.

7. Uses of Tokens:

8. Payments: Tokens can be used for online payments and transfers.

9. Investment: Tokens can serve as an investment tool, offering potential high returns but also carrying high risks.

10. Financial Services: Tokens can be used to provide financial services, such as lending and insurance.

11. Risks of Tokens:

12. Price Volatility: The price of Tokens may experience significant fluctuations.

13. Security Risks: Token transactions may be affected by hacking attacks and other security risks.

14. Regulatory Risks: Tokens may be subjected to government regulations that could restrict their use and trading.

15. Development of Tokens:

16. Technological Advancements: Token technology is continually improving, offering higher security and efficiency.

17. Expansion of Applications: The applications of Tokens are expanding into more areas, such as financial services and supply chain management.

18. Regulatory Frameworks: Governments around the world are establishing regulatory frameworks for Tokens to ensure their safe and legal use.

2. Who founded pre ?

According to the provided information, "Pre-Market" is not a type of Tokens but rather a service launched by the Binance exchange that allows users to trade before the tokens are officially listed. Therefore, there is no specific individual who founded "Pre-Market" Tokens, as it is not a type of Tokens but rather a trading service.

3. Which venture capital invested in pre ?

Here are some venture capital firms that have invested in Token projects:

1. Paradigm: Invested in projects like Monad, Blast, Babylon, etc.
2. Polychain Capital: Invested in projects like Babylon, AltLayer, Berachain, etc.
3. Hack VC: Invested in projects like Babylon, AltLayer, Intia, io.net, Eclipse, Elixir, etc.
4. Animoca Brands: Invested in projects like Mind Network, etc.
5. Arkstream Capital: Invested in projects like Mind Network, etc.
6. Cogitent Ventures: Invested in projects like Mind Network, etc.
7. G Ventures: Invested in projects like Mind Network, etc.
8. MH Ventures: Invested in projects like Mind Network, etc.
9. Master Ventures: Invested in projects like Mind Network, etc.
10. Moonhill Capital: Invested in projects like Mind Network, etc.
11. SwissBorg Ventures: Invested in projects like Mind Network, etc.
12. IBC Group: Invested in projects like Mind Network, etc.
13. ether.fi: Invested in projects like Mind Network, etc.
14. a16z: Invested in projects like Yuga Labs, etc.
15. Electric Capital: Invested in projects like Monad, etc.
16. SevenX Ventures: Invested in projects like Monad, etc.
17. IOSG Ventures: Invested in projects like Monad, Babylon, etc.
18. Greenoaks: Invested in projects like Monad, etc.
19. Binance Labs: Invested in projects like Babylon, etc.
20. Framework Ventures: Invested in projects like Babylon, etc.
21. Polygon Ventures: Invested in projects like Babylon, etc.
22. OKX Ventures: Invested in projects like Babylon, AltLayer, Berachain, etc.
23. HashKey Capital: Invested in projects like AltLayer, etc.
24. Jump Crypto: Invested in projects like AltLayer, etc.
25. Breyer Capital: Invested in projects like AltLayer, etc.

These firms have made multiple investments in the Token space, supporting the development of various projects.

4. How does pre operate ?

How do PreTokens (Pre-Market) operate?

PreTokens trading, also known as Pre-Market, is a trading service that occurs before the Tokens are officially listed. Here is how the Pre-Market operates in major exchanges:

1. Binance Pre-Market:

2. Service Features: Binance offers a unique Spot trading service that allows users to trade before tokens are officially listed. Unlike other exchanges, Binance's Pre-Market trading involves real tokens, not derivatives.

3. Operational Mechanism: Binance Pre-Market is a result of the collaboration between Binance Spot and Binance Launchpool. Launchpool allows users to earn new project tokens by staking BNB and other tokens, while the Pre-Market service lets users trade these tokens before they are officially listed.

4. Bybit Pre-Market:

5. Service Features: Bybit's Pre-Market trading is an over-the-counter (OTC) service that allows users to conduct pre-trading before tokens are officially listed. Traders need to collateralize assets on the platform to ensure timely settlement.

6. Operational Mechanism: Users can buy and sell the token before its official issuance. Traders can choose to be Makers, creating limit orders; or Takers, executing trades by matching with active orders on the platform.

7. Bitget Pre-Market:

8. Service Features: Bitget's Pre-Market trading is a leading OTC trading platform designed for new coin trading before they are officially listed on Bitget. Buyers and sellers can engage in peer-to-peer trading on the platform.

9. Operational Mechanism: Bitget Pre-Market allows users to trade before new coins launch on the Spot market. Buyers and sellers can interact directly on the platform, setting their preferred trading prices and quantities.

In summary, the PreTokens trading service enables users to trade before tokens are officially listed, giving them a head start in future Token trading. Different exchanges’ Pre-Market services have their unique aspects, including trading methods, settlement currencies, and service limitations.