They are not expecting too many small buyers to participate their sale and going after big investors.
Private sale as I know is the phase where investors could buy tokens in huge amount with good bonuses. While for public there will be the main sale where everyone can take part on it.
There won't be any ICO as far as I know. Tokens are only being sold via private sale only.
Ouch, I didn't notice it before. This for sure will be very different with the most projects I've ever seen. Idk whether this innovation will result in the better outcome or not but lets wish for the best.
Differently, from other projects, our founders èut $500k in the initial project phase; now we are looking for the support of medium/large investors to speed up the growth. That's why we don't need an ICO.
This is showing the ambition and belief of the team in the project.
$500K is a huge amount and no-one put this kind of money to their project if they have any doubt of failure.
That's true! It's quite a refreshing change that instead of greedy devs you have a committed team that believe in their project and its success.
Wow, 500k usd for initial phase funded by the team, i didn't hear something like this for a long time. This dedication will bring you success definitely.
It'S good that they have invested their own money. This makes them less dependent on the sale and they will make sure the project becomes a success.
Also in my opinion this shows to community that they are not after some quick hit and run, they are here for the success of their project.