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Zama's pre-market price is 0.064 USDT, while OG NFT's initial public offering (IPO) saw a 10x increase.
However, some people are bidding 5 USDT in the Zama auction, aiming to secure a spot at the front. But please, don't let this lead to infighting, guys!
Zama's Dutch auction model works like this:
The auction website shows bids, but not quantities. No one knows who placed how many at the front.
auction.zama.org/live
Shares are allocated from the highest bidder down.
For example, if the highest bidder bids 5 USDT for 100,000 shares, allocation starts from the highest bidder and continues until the allocation ends.
If the allocation reaches 0.1 USDT and all shares are gone, then everyone's bid will be at 0.1 USDT. Users submitting bids below 0.1 USDT will not be eligible to participate.
Currently, only about 2700 people are participating. Allocating shares to the highest bidder first could easily lead to infighting and inflating the final price. Many people are probably still observing. There are still two days left, so everyone can continue to observe.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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