What are the internal and external markets in the primary market?
Recently, many friends have been asking again about the internal and external markets—what they are and how they differ? Here's an article to explain! What is the internal market? In the primary market on the blockchain, especially for newly issued tokens, the 'internal market' does not refer to the traditional active sell orders, but rather a virtual liquidity pool. Virtual liquidity is typically pre-set by the project team or early developers to simulate market depth before launch, attracting buyers to participate. Here, the internal market refers to sell orders pre-set by the project team within the virtual liquidity pool, actively 'filling' buy orders placed by traders. These sell orders may be controlled by smart contracts, with quantities and prices predetermined.