The 500x increase of BOME reveals the fundamental difference between the primary and secondary markets

In the cryptocurrency ecosystem, the initial token issuance stage and the secondary circulation stage constitute two completely different market environments. To understand this, the popular case of BOME provides us with the most intuitive insight.

Primary Market: The Pricing Secrets of Token Launch

The primary market essentially refers to the scenario of the initial issuance and distribution of new tokens. In this stage, the project team directly sells newly generated tokens to early investors to raise funds for project development. In traditional finance, the primary market is the channel through which new stocks or bonds are first issued to the public; in the blockchain field, this concept is retained but with more flexible rules.

Taking BOME as an example, its pre-sale mechanism breaks the conventional fixed pricing model. The total supply of the project is 69,000,000,420 tokens, with 50% allocated for the pre-sale phase. Participants do not purchase at a pre-announced fixed price but are allocated according to their contribution ratio—this dynamic pricing method causes individual purchase costs to vary. Ultimately, these pre-sale tokens are multiplied by a factor of 1.5 before entering the liquidity pool. The initial price is set at 0.0000496u, and later, by configuring 1-2 liquidity pools, the influx of large orders further enhances market liquidity.

In the primary market, the pricing power lies with the project team. They can flexibly adjust pricing strategies based on project popularity, market expectations, fundraising needs, and other factors, even offering discounts or additional incentives to early participants.

Secondary Market: Free Trading in Circulation

The secondary market refers to the ongoing buying and selling of tokens on various platforms after issuance. At this stage, token prices are determined by market supply and demand, not set by the project team. Trading no longer serves project financing but is a transfer of wealth among investors.

This is the stage where BOME achieved a 500-fold increase. From the initial price of 0.0000496u to subsequent market trading, the entire process is driven by liquidity, market sentiment, retail investor participation, and other factors. Unlike traditional fixed-platform trading, price discovery here is more transparent, but volatility is also more extreme.

Fundamental Differences Between Primary and Secondary Markets

The key distinction is: the primary market is the initial distribution phase where pricing power is concentrated; the secondary market is the circulation and trading phase where pricing power is dispersed. The former influences the project’s fundraising structure, while the latter merely transfers value among investors.

Risks to Be Aware Of

Although the primary market may offer opportunities for low-cost entry, many traps exist. Behind BOME’s popularity, thousands of scam coins, fake tokens, and pirated projects are flooding in. Many projects claiming to offer “10x returns” ultimately turn into zero. Fake websites and phishing schemes are rampant, especially posing greater risks to beginners—some knockoff pixel projects promise massive tokens for simple operations, which are clearly bait.

Before entering the primary market, thorough due diligence is essential. Participating impulsively without understanding the project team, contract security, or team background greatly increases risks. While pursuing low-cost chips, do not forget self-protection—maintain wallet security awareness, beware of fraudulent websites, and never lose rational judgment in pursuit of “overnight riches.”

The case of BOME is certainly inspiring, but it is not the norm—investors who can precisely pick projects that double in the primary market are extremely rare.