What do you think about Private Sale?
Now the new ICOs attach importance to private sale. They sell to big investors secretly. A small amount is left for Ico. The remaining amount is selling out. As such, there is an extreme hype in people like us. Quarkchain, for example.
I think they make hype like this. After selling a small amount at Ico, it is going to the market x3 x4. And those who buy in private sale sell at these prices.
I do not like projects that do this. I totally think they are doing it to attract big investors. Because big investors are investing between 1000-5000 eth in one go.
Projects like this are just focusing to make huge money easily and not really focusing on how they can improve their project and how they can implement it to real world and solve a problem. Their priority is to convince huge investors to pump their token. New altcoins nowadays are just like this, they have no real uses so they are just focusing on how the price will go up and moat altcoins are just for trading.