Zero Knowledge Proof’s New Auction System Aims to Fight Whales, Enabling Fair Presales

Zero Knowledge Proof (ZKP) has launched its presale platform for token distribution, aiming to tackle the issues of market manipulation by large investors. This innovation introduces a dynamic auction system called Initial Coin Auction (ICA), prioritizing real-time demand over fixed stage pricing. Each day, 200 million ZKP tokens are put up for auction, allowing participants to contribute Ethereum (ETH), USDC, or ZUSD, with the final price determined by the total sum of these contributions divided by the total token supply released for that day. This method ensures a transparent and market-driven approach to pricing.