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ZKP's ICA framework neutralizes whale influence and opens up crypto presales to everyone through transparent on-chain bidding

ZKP's ICA framework neutralizes whale influence and opens up crypto presales to everyone through transparent on-chain bidding

Bitget-RWA2025/11/14 15:48
By:Bitget-RWA

- ZKP launches Initial Coin Auction (ICA) with on-chain bidding to democratize token distribution. - Daily 200M-token auctions use ETH/USDC bids and $50K wallet caps to prevent whale dominance. - Partnerships with NRL Dolphins and Proof Pods hardware expand real-world utility beyond crypto. - Market-driven pricing contrasts with centralized presales, aligning with decentralized governance trends. - Model challenges traditional token economics by embedding fairness directly into protocol code.

Zero Knowledge Proof (ZKP) has opened its whitelist for an upcoming token auction, aiming to lead the way in equitable token distribution in the crypto space. The auction system moves away from predetermined prices, instead utilizing on-chain bidding driven by market demand to enhance openness and inclusivity in token distribution. By enabling users to contribute ETH,

, or ZUSD in daily auctions, ZKP intends to make token allocation more accessible and reduce the dominance of major investors .

The auction runs on a daily 24-hour schedule, distributing 200 million tokens each cycle. Participants place their bids through smart contracts, with the token price set by dividing the total funds raised by the number of tokens available that day. This method removes the unpredictability of traditional fundraising, where prices are often determined by project teams. Instead, ZKP’s approach allows market demand to establish value in real time, and all transactions are transparently recorded on-chain for

.

An important feature of ZKP’s system is a $50,000 daily limit per wallet, designed to prevent large investors from dominating the auction. This built-in anti-whale mechanism allows smaller participants to compete fairly. By automating fairness within the protocol, ZKP eliminates the need for manual intervention, which is a frequent criticism of standard fundraising models

. Experts suggest this could pave the way for future token launches to adopt more transparent and equitable practices .

ZKP’s collaboration with the Dolphins team from the Australian National Rugby League further demonstrates its commitment to reaching mainstream audiences. This partnership illustrates how blockchain can connect established industries with decentralized finance, boosting ZKP’s profile both inside and outside the crypto sector

. In addition, ZKP’s Proof Pods—physical devices that supply computing resources to its decentralized AI network—offer users another way to earn, linking token value to practical, real-world applications .

The auction model introduced by ZKP has been likened to Uniswap’s recent Continuous Clearing Auctions (CCA), which also seek to improve liquidity and price formation for new tokens. However, ZKP distinguishes itself with its anti-whale features and commitment to on-chain openness. The project’s focus on letting the community determine pricing reflects a broader movement in the industry toward decentralized control and user-focused solutions.

With the whitelist now active, interested users can sign up at zkp.com to qualify for upcoming auctions. This initiative has sparked conversations on token platforms about the possibility of market-driven systems replacing traditional, opaque models. Although ZKP’s strategy is still in its early phase,

could shape the way token sales are managed going forward.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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