Most people misunderstand how a sealed-bid auction works. But @FungoLabs is introducing a Genesis auction mechanism worth understanding before placing your first bid. Let's break it down with a simple example. Imagine there are only 3 NFTs available, with a minimum bid of 500 cZAMA. Four participants submit sealed bids: → A bids 3,000 cZAMA → B bids 1,500 cZAMA → C bids 1,000 cZAMA → D bids 500 cZAMA The top three bidders (A, B and C) win. But here's where things get interesting: all three winners pay the same final price, 1,000 cZAMA, determined by the lowest winning bid. That means: → A pays 1,000 and gets 2,000 back. → B pays 1,000 and gets 500 back. → C pays 1,000. → D doesn't win and gets the full 500 cZAMA back. The key takeaway ? Your bid determines your chance of winning, not necessarily the amount you ultimately pay. That's what makes @FungoLabs Genesis sealed bid auction interesting. It encourages participants to bid based on how much the NFT is actually worth to them rather than simply chasing the lowest possible price. Understand the mechanism. Bid with conviction. Let the final price speak.