Auctions offer the best balance between fair distribution and price. 𝘛𝘩𝘦𝘴𝘦 𝘢𝘳𝘦 𝘵𝘩𝘦 𝘮𝘢𝘪𝘯 𝘤𝘰𝘯𝘤𝘦𝘳𝘯𝘴 𝘸𝘩𝘦𝘯 𝘪𝘵 𝘤𝘰𝘮𝘦𝘴 𝘵𝘰 𝘵𝘰𝘬𝘦𝘯 𝘴𝘢𝘭𝘦𝘴. @zama has announced its $ZAMA public sale (10% of the total supply), But, it’s different from the other sales. They’re using a sealed-bid single-price Dutch auction on Ethereum. Interestingly, Google also used this for its IPO. ------------------------------------------------- 𝐖𝐡𝐲 𝐘𝐨𝐮 𝐒𝐡𝐨𝐮𝐥𝐝 𝐆𝐞𝐭 𝐈𝐧 𝐎𝐧 𝐓𝐡𝐢𝐬 𝐀𝐮𝐜𝐭𝐢𝐨𝐧 ➢Bids can get in anytime during the bidding period ➢Better distribution and allocation ➢Unbiased price discovery I must admit that this looks pretty effective. Won’t be surprised if other projects start to use this model. Don’t miss out on the first one. ------------------------------------------------- 𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬: ➢Shield your stablecoins You can bid with USDC, USDT, or DAI. Before bidding, you “shield” your stables, converting them into an encrypted version. ------------------------------------------------- ➢ Start placing bids You can drop as many bids as you want (up to 10 per transaction). Each bid has the price you want and how many tokens you want. ------------------------------------------------- ➢ How the clearing price is found When bidding ends, the system goes from the highest to the lowest price and (privately) counts all the token quantities at each level. The lowest price where all tokens can be sold becomes the clearing price. If you bid above the clearing price, you get your tokens and a refund of the extra you overpaid. If you bid below, you get nothing and a full refund. If you bid exactly at the clearing price , you get filled pro-rata and refund. This method makes distribution fairer and improves price discovery. ------------------------------------------------- 𝐂𝐥𝐚𝐢𝐦𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐭𝐨𝐤𝐞𝐧𝐬 After the auction, you simply claim your $ZAMA as ERC20 or as the confidential version. It’s straightforward and you can get in easily. Get started here: