> For the complete documentation index, see [llms.txt](https://whitepaper.smart-places.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.smart-places.io/whitepaper/usdspxt-token/tokenomics/private.md).

# Private

Private round is a token sale event that is not open to the general public, where $SPXT tokens are sold to private investors, venture capitalists, or institutional players.