Private sale
A private sale is a type of fundraising activity where a company or project raises capital by selling tokens, equity, or other assets to a select group of individuals or organizations, rather than the general public.
The goal of a private sale is to raise capital from a small group of investors who have a vested interest in the success of the project, and who may be able to provide additional support or expertise. In return for their investment, investors typically receive a discount on the price of tokens or equity, as well as early access to the project’s resources or services.
Private sales are typically carried out through the Initial Coin Offering (ICO) or Initial Exchange Offering (IEO) method, which entails the creation and selling of new cryptocurrency tokens to investors. Typically, the proceeds from the private sale are used to support the growth and marketing of the crypto project.