Zero Knowledge Proof has launched the first Initial Coin Auction in crypto, and this presale auction is live right now. This daily distribution model lets market demand set the token price instead of the project deciding fixed rates. Each day, a fixed number of 200 million tokens becomes available. Buyers contribute ETH, USDC, or ZUSD, and the token price gets calculated by dividing total contributions by the number of tokens available.
The system protects fairness through a $50,000 per-wallet daily contribution cap. This anti-whale limit prevents any single buyer from dominating an auction or manipulating the price. Everyone operates under the same rules regardless of capital size.
The presale auction creates strategic flexibility, too. Buyers can see total contributions for the day before committing funds. This introduces price transparency and user control that traditional presale crypto models lack.
On top of this, all contributions and price calculations get recorded on-chain. So, no hidden discounts exist, no off-chain deals happen. This aligns with ZKP’s use of zero-knowledge proofs, verifiable, tamper-proof, and transparent by design.