is Invitation Only

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Invitation-only events are usually this where you cannot “just apply”. You need to receive an invitation by the organizers to get in. Usually this also means if you receive an invitation, you are already IN (if you pay), and you won’t end up on a waiting list.
This mode is often used by those events that are otherwise totally overrun, or by events where the organizers want to create a certain “mixture”.
Many events are also hybrids: invitation-only for a certain period of time, or for “the first 150”, and then “open registration” for the rest.