White Paper & Token Issuance
Private Sale
A pre-public token sale to a limited group of qualified investors — may be exempt from MiCA white-paper requirements.
Definition
A private sale is a pre-public allocation of tokens to selected investors (typically VCs, strategic partners). May qualify for the MiCA Article 4(2) exemption for qualified-investor-only offerings or fewer-than-150-persons-per-member-state offerings.