Thanks for the link, will check it out. Makes sense about the delayed CMC listing, but when you say already got some big clients to invest before Hydro was listed on exchanges, you mean they found private investors to invest in the project right? I don't understand how that's not a sale. Agreed it's not a pre-sale, if there's no public sale to follow, but it's still selling tokens to investors right as a sale? As I said I'm not complaining, just trying to understand the economics of the projects current value.
ABout this question, it's about business secret.

But Circulating Supply of hydro now, is from the airdrop 3 months ago. no ico, no presale, no private sale.
You can get more information about the distribution of hydro here :
https://medium.com/hydrogen-api/understanding-the-hydro-token-distribution-f639a4a6a64a