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The mechanism that priced Google's IPO has never worked on-chain.
We're opening Raise Zero - the first public sealed-bid uniform-price auction on @solana
Every founders today face the problem of how to price tokens fairly while avoiding bots or whales outbidding everyone.
Sealed-bid uniform-price auctions are how Google IPO'd in 2004. How the U.S. Treasury clears $20T+ in bonds a year.
They're the gold standard for credible price discovery - but they've never worked on-chain, because blockchains are transparent by design.
Sealed bids need privacy that didn't exist...
Together with @Arcium we're changing that. Their MPC network runs computation directly on encrypted data, without ever revealing it.
If you've ever lost a fair allocation to a bot, or watched a "discovery" round clear at a number that had nothing to do with price discovery...
Test the first Sealed Bid Auction on Solana: crafts.dev/raisezero
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