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.
I've participated in the open privatesale and honestly i feel so good with it. I bought more than 100 eth worth of open token and it has returned to the 300eth right now. The private sale has been offering to the whales or large participant if there will be more whales join and the total circulating supply will be owned by some person and then the only way to buy token that through the exchange site. And that will be so easy touch 2x - 3x return and that's awesome. less token holders and more hype