It's weird. There have been 4 private sales till now. Why? The first time I see there are several private sales. And why don't they start the public sale? A long time has passed.
I am happy they are doing this. At least when the public sale starts they will e on the front foot and have private investment already. Less risk for the rest of us.
I don't think the long time of private sale causes more investors are attracted to the project. If some one intend to invest in the project, will invest in the first stage of private sale. What about those investors, invested in the first privage sale and theit money is stuck for a long time.
In reality it hasn't been that long. Seeing what has happened to ICOs in recent months, these guys seem to be playing it safe which can only be a good thing