Post
Topic
Board Altcoin Discussion
Re: What do you think about Private Sale?
by
xanaxxx
on 03/06/2018, 16:21:57 UTC
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 think private sale is a very good step for ICO. If they're able to persuade funds to invest in their project, it gives them certain amount the credit and confidence for individual investors.