Why wouldn't a developer open preorders?

I’m just wondering is there a downside to opening preorders on steam, if there’s not, I don’t understand why would a developer not open preorders. Wouldn’t it only help?

They were still working on it, like, for example, Dedicated servers just updated half an hour ago.

Plus, datamining could spoil things.

There’s no benefits for preordering, or limited availability, so what’s the purpose?

We’re glad you’re excited, however this isn’t a full AAA game release. It’s an opportunity for you to help us shape the game and get a peek at what we’re working on.

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True, Datamining leaks a lot, I know that being from the Smash Bros community.

That makes sense. Plus I guess preordering in general is anti consumer anyways.