My Neynar Score is 31. Check your score
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ZAMA Auction — Explained Super Simply 🤔 Imagine there are only 1,000 $ZAMA tokens… and 3 people want them. Here’s what happens 👇 Phase 1: Bidding 🧑💼 Alice: 400 tokens - $5 each => Paid $2,000 👨💼 Bob: 600 tokens - $4 each => Paid $2,400 🧑 Charlie: 300 tokens - $3 each => Paid $900 Phase 2: Clearing price and allocation The system gives tokens from highest price → lowest price: ✅ Alice gets 400 (highest bidder) - There are 600 tokens left to allocate. ✅ Bob gets 600 (second highest bidder) - There are 0 tokens left to allocate ❌ Charlie gets 0 (too low) 👉 This means the clearing price = $4 Phase 3: Claiming tokens and refunds Alice: 400 $ZAMA + $400 refund Bob: 600 $ZAMA + no refund Charlie: $900 refund 💡 If your bid is below the final price → no tokens, but you don’t lose money. Pretty fair system, right? 👀✨ #ZamaCreatorProgram
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Blockchains are powerful, but privacy is broken. So… why was @zama created? #ZamaCreatorProgram
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