I am currently confused by the decision of some projects that hold private sale after ICO, that sounds strange to me because usually the ICO project will be preceded by a private sale to potential investors and investors with a minimum purchase of up to 5 BTC. then there is the name presale and then ICO.but now everything is like upside down, some crypto projects hold presae and ICO first and after that they hold a private sale.some investors who want to know how much fund that they get so far they can only answer "this is private sale, if I tell you it is not a private sale, but a public sale", the answer makes sense but does not solve the problem


I have an assumption that some of the developers chose this thing:

1. that is one of their reasons to make investors and bounty hunters who want to get tokens impatient, even though it sounds unreasonable but with this, their projects are viral and many of the crypto know their projects. well if indeed this method is chosen maybe this is one of the bad ways to be chosen just to give a viral impact to the project.

2. and the most reasonable thing is, they have not reached hardcap, so they try to find new investors who are interested or cooperate with other projects until the hardcap they want is achieved

the project example is : swissalpsmining and thinkcoin

what do you thing?