Private Sale is typically an early sale of tokens to investors that is unannounced to the common public. Interestingly, it is also recognised by the term “Institutional Round”. However, ICOs usually hold stricter rules for partaking and are quite choosy about which investors they let into private sale events. Video calls or interviews are often carried out to ensure if investors acknowledge the ICOs goals. Occasionally, as an investor, you may also receive bonuses or discounts based on the amount of contribution!
Bigger the contribution amount, bigger are the bonuses!
A Look Into The Promising PROs of Private Sales
Private sales are the next promising initiative in town. This is because they bring about numerous organisational as well as individual benefits. Some of these pros are highlighted below:
1. Investors or participants are probable to receive highest discounts or bonuses in comparison to crowdsale or public sale
2. If tokens that are bought at a discounted rate are sold at ICO price when the token trading begins, there is a high possibility of quick returns from these sales.
3. In renowned ICOs, it is highly likely that an ICO shall hit hardcap during private sale. Hence, there is availability of an assured supply of tokens for participants.
4. Since private sale aims at institutional level investors, more token being purchased has a higher possibility in comparison crowdsale.
Did you know? Around 150 ICOs worldwide have agreed to the fact that in order to be really successful, you need to make your big investors happy. And the only way to do that is by introducing private sales which in turn builds scopes for partnerships and relationships with funds in the future.
To be precise, a private sale is meant to accomplish mainly two factors. Firstly, initial participants obtained through the event can help to legitimize the company as well as the currency. Secondly, initial funds can be raised for marketing purposes of the public ICO.
To add more, an ICO private sale is somewhat a new concept that has rapidly gained popularity with the increasing number of innovative campaigns. It is now the ideal way for developers to raise funds for their new blockchain project. Through this ICO private sale, you’d definitely want to attract private investors in order to set the ball rolling and get the first breath of air for the token start-up. It also delivers the message, ‘We’re in business’, to the public.
The interesting thing is that an ICO private sale acts as a kind of a professional beta launch. This is because as it is smaller, it is more manageable and controllable. Hence, if something goes wrong in the process, it is way much easier to correct the fault as the number of people affected by it is comparatively lower. Thus, it is much easier for ICOs to smooth out the uneven bends before the inauguration of the main event.
Also, by the time the ICO officially rolls by, the project will already gain some traction that will be ensured by the private sale event. Hence, witnessing that the project has already received some backing, potential investors are likely to instil confidence that shall encourage them to take part in the token sales generally.
Before making a contribution to the ICO contract, make sure you have the correct one in use, or else unauthorised scammers can interrupt and funds can be lost.
To confirm that you the right contract address, check first 4 and last 4 digits of the correct address and cross check with the current one.
Follow this space as we, the WINGS team, have put together the winning tactic for ICO contribution and successfully launched our ONGOING ICO Private Sale!
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