Zero Knowledge Proof (ZKP) says it has opened a whitelist as an initial eligibility step for its Initial Coin Auction (ICA). According to the project, the auction format is intended to set token pricing based on daily participation rather than a fixed valuation. The project states that 200 million ZKP tokens will be distributed each day, with contributions accepted in ETH, USDC, or ZUSD.
The project has described the approach as a more transparent alternative to some early-stage token fundraising models. The whitelist is presented as a verification step ahead of the start of daily auctions.
How the project’s auction model determines the daily price
Zero Knowledge Proof (ZKP) describes its Initial Coin Auction as an open format in which the daily token price is derived from on-chain activity. As outlined by the project, the price for a given day is calculated by dividing total contributions by the number of tokens offered that day.
Because the process is run in daily cycles, prospective participants can view on-chain contribution totals for the current day before deciding whether to take part. The project presents this as a way to make the pricing process observable rather than set in advance.
The project has positioned the auction format as a way to reduce reliance on fixed pricing tiers or private allocations, though outcomes depend on participation and broader market conditions.
Protocol rules and on-chain verification
To limit concentration, Zero Knowledge Proof (ZKP) states it applies a $50,000 per-wallet daily contribution cap. The project says this is designed to reduce the impact of large single-wallet contributions on a given day’s auction.
According to the project, contributions and the daily price calculation are recorded on-chain, allowing participants to review transactions and totals via public blockchain data. The project also states there are no private allocations or off-chain arrangements associated with this auction process.
As with other token sales, the presence of rules and on-chain records does not remove market risk. Any evaluation of participation requires independent review of the project’s documentation and the underlying smart contracts.
Whitelist details and other project elements
Zero Knowledge Proof (ZKP) says the whitelist is now open and is intended to precede the start of daily auctions. The project describes the whitelist as a way for prospective participants to review contribution mechanics and allocation limits before auctions begin.
Separately, the project has described an ecosystem component called “Proof Pods,” which it says are compact physical devices intended to perform decentralized compute tasks. According to project materials, participants could receive ZKP tokens for verified processing work, though details and timelines depend on implementation and network adoption.
The project has also announced a partnership with the Dolphins, an Australian rugby league team, as part of its marketing and visibility efforts.
Overall, the project’s public positioning emphasizes observable, on-chain accounting for its auction process. Readers should treat project statements as unverified until they can be independently confirmed.
Summary
Zero Knowledge Proof (ZKP) says its whitelist has opened ahead of daily auction cycles for its token sale. The project describes the ICA model as a daily, on-chain method for deriving price from total contributions relative to the number of tokens offered.
The project also states it applies a per-wallet daily contribution cap and records relevant activity on-chain. As with any token sale, participation involves significant risk, and the availability of on-chain data does not guarantee outcomes.
Project website (for reference):
This article is for informational purposes only and does not constitute financial or investment advice. This outlet is not affiliated with the project mentioned.
