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.
this is due to the lack of investor interest in ICO, and the existence of KYC rules that make anonymous investors feel uncomfortable with it. And finally those ICO project makers are forced to sell ICO privately to anonymous investors, then the rest they sell transparently. There needs to be a change for the current ICO rules, because if circumstances like this continue the ICO project will only become garbage.