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Summary of public auction information for a certain privacy computing project
📊 Project Fundamentals
Successfully secured a total investment of 130 million dollars from venture capital. The current project valuation is at 1 billion dollars.
What is the token structure? Out of a total issuance of 11 billion, the amount for the public sale is 1.1 billion, which is 10% of the total.
🔓 Vesting conditions
100% of the total amount will be unlocked simultaneously with the TGE. It is structured to be tradeable immediately without any lock-up.
📅 Timeline
• Auction period: From January 12 to 15, ( for 4 days )
• Token receipt: January 20
💰 Auction method
Conducted through a sealed-bid Dutch auction. Participants place blind bids.
A minimum FDV baseline has been set, but specific figures will be announced separately.