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.
That cannot be helped. Private sale created to makes many investors buy their tokens, giving they guarantee that their ICO will be succeed.
You are quite wrong, the private investors tokens usually locked in certain period to prevent immediate dump after listing.
so you dont need to be afraid because private investors cannot sell their token yet.