Right, so it appears Zero Knowledge Proof (ZKP), a name that sounds terribly clandestine, has embarked on a presale of truly epic proportions. Four hundred and fifty days, you understand! Nearly a year and a quarter! One shudders to think of the accounting. 🗓️
- Apparently, they’re flogging tokens at a price that increases daily. Daily, I tell you! It’s like some sort of slow-motion auction, but with more numbers and fewer shouting gentlemen.
- They’ve thoughtfully implemented ‘wallet caps’ – a bracing attempt to prevent chaps with particularly deep pockets from simply buying the whole shebang. Rather decent of them, actually.
- The idea, naturally, is to spread the wealth… or, rather, the tokens… over an unconscionably long period. It’s a protracted affair, to put it mildly.
Each day of this marathon presale comes with its own unique price tag. Once it’s gone, it’s gone, dashed good riddance! No popping back to yesterday for a bargain, I’m afraid. A ‘one-way pricing ladder’, they call it. Sounds rather exhausting if you ask me.
Unlike the usual token shenanigans, where everyone gets pretty much the same price for a bit, this is all rather… progressive. Get in early and the price is jolly reasonable; dawdle and you’ll be paying through the nose. It’s a frightful incentive for promptness, what!
The daily caps, you see, are to stop any frightfully wealthy individual from snaffling the lot. Sensible enough, I suppose. It’s all about making sure the man in the street, or at least the man with a moderately-sized crypto wallet, gets a look-in.
Four hundred and fifty days! It sounds like something out of a particularly tedious Dickens novel. But apparently, it allows for ‘gradual price discovery’ – a fancy term for letting the market decide how much things are worth, slowly and painfully. 🐌
They claim the early bird shall secure a vastly superior cost basis. Which rather suggests the latecomers will be in the soup. And, according to their promotional material (which one views with a healthy dose of skepticism, naturally), the early birds might make a return of 200 to 1000 times their investment. A bit optimistic, perhaps? One expects a dash of hyperbole, of course.
Each day’s participants are lumbered with a cost basis that later buyers can’t match. The gap widens daily, you see. Thus creating a delightful sense of regret for those who procrastinate.
Unlike typical funding rounds, where one gets a uniform price, this lot are resetting the pricing daily. No second chances, I’m afraid. Once that day’s gone, it’s vanished into the ether.
They’re positioning this contraption as a gesture of fairness. Distributing opportunity over time, rather than letting everything happen in a mad scramble at the launch. Though really, it just means those who join late pay more. A bit of a pickle, isn’t it?
Typically, token presales whip up a frenzy with limited time or supply. This lot are eschewing urgency for a far more… drawn-out affair. Scarcity through irreversible pricing, you see. It’s a novel approach, if nothing else.
The auction is currently underway, and the price is inexorably creeping upwards. If you fancy a flutter, you’d best hop to it. No going back, I warn you!
They’re being frightfully reticent about how much money they’re hoping to raise, or indeed how many tokens there are in total. All rather mysterious, don’t you know? But it’s the initial offering, they say, before the network actually launches. So there’s that. 🧐
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2026-01-20 07:42