#隐私技术解决方案 I heard that Zama is going to hold a sealed bidding Dutch Auction, starting on January 12? 🤔 At first, I was a bit confused, with terms like fully homomorphic encryption and confidential bidding... It felt like a lot of concepts were piled up, but after reading it carefully, I understood: the core of this gameplay is to keep everyone's bid amount confidential, only revealing the price, so no one can front-run and no bots can do malicious swiping. It sounds quite fair!

The most interesting thing is that the project that raised $130 million actually used its own FHE technology for the public sale, which feels like it's saying "our privacy solution is really reliable". This kind of self-consistency strangely makes me trust it a bit 😄.

However, to be honest, the process of these four stages is a bit complicated for a newbie like me — first, I have to convert stablecoins into confidential assets, then participate in Bidding, and finally wait for settlement and claims... Each step requires action. Moreover, the base price is $0.005, corresponding to a $55 million FDV. I can't really judge if this valuation is high or not, but it seems that the financing parties, including major institutions like Multicoin and Pantera, shouldn't be too outrageous?

I want to ask experienced friends, what should I pay attention to when participating in this sealed Bidding auction? Will the Gas fees be very expensive? 🙋