They tell us How the FungoLabs Genesis sealed-bid auction works 👇 Example with only 3 NFTs for sale (min price 500 cZAMA): 4 people bid 1 NFT each: → A: 3,000 → B: 1,500 → C: 1,000 → D: 500 Top 3 bids win: A, B, and C. Everyone pays the same final price = the lowest winning bid = 1,000. → A pays 1,000, gets 2,000 back → B pays 1,000, gets 500 back → C pays 1,000 → D gets nothing, full refund so, Why it works this way: This is a uniform-price sealed-bid auction. You never pay your own bid — you only pay the clearing price (the lowest bid that fills the available supply). That’s why bidding your true valuation is the rational move. Overbid and the excess is refunded. Underbid and you risk getting nothing. Bids stay fully encrypted with Zama’s FHE while the auction is open. No one can see prices or quantities, so there’s no sniping or copycat bidding. Real sale details: • 2,500 NFTs sold via auction in cZAMA • 500 free mints for whitelist (gas only) • Total supply: 3,232 NFTs • Each Genesis NFT receives ~1,113,861 $FUNGO at TGE • Mint date: November 5, 2026 Bid what the NFT + attached $FUNGO is worth to you. The market sets the final price, not the team. @FungoLabs @zama