“sealed bid auction” Yh you read right. so most startups raise funds by pitching to VCs (large investors), or go on to list on the stock markets where few people gets early access to invest, leaving out the regular folks like you and I. this can is a problem for both the VC and the startup, as most times they have to agree to terms that are not sustainable. this is solved by @craftsdev 🤜🤛 see Craft as a room or an env where new startup building on Solana can come and showcase their tech to attract bids from both regular and big investors. with @craftsdev these startups tokenize a part of their company and give people the opportunity to own it. how does it work? users look for the best products on Solana, make their findings and confirm everything w on-chain data. these startups run auctions on Craft, and users get to bid, the bid is secret. a fair price is set based on the bids. those bids are gateways to owning a piece of these startups early. and just like that, you are now an early investor. no more barriers or having to be a large investor. NB: price can go up and down and investment still comes w risk, but the goal of craft remains to kill that early stage barrier for regular investors. everything is powered by @Arcium start here: (If you’ve submitted any RTG you should have access, just connect your Solana wallet)

price is meant to be discovered, not decided that's why @craftsdev is building the first seal-bid auction on solana crafts is built by @SuperteamDE members @abo_sac_artist, @pfo_sac & @YellowFishZ from @superteamIE they're beta testing this with a mock raise, Raise Zero, and they'd love for members globally to participate and share feedback (costs $0) as a gesture, if you connect with your superteam linked wallet, you'll get upgraded to the silver tier which brings more allocation and access for subsequent raises you have until thursday to try it out:

This is alpha First equity token sale on Solana. They are currently running a mock sale, you can participate with no money, no risk, and are likely to get higher allocation/WL for the actual sale. You are not buying a useless governance either, you are actually getting EQUITY of a operating business at a low valuation.

If you own a Radiant head to the @RadiantsDAO Discord and claim in the Rad Alpha channel: - Retroactive campaign for $ARX (200M TGE of Arcium) - Higher alloc in Raise Zero - Silver Tier on Crafts - Early access to startup data rooms - Higher alloc for public raises & more!

Raise Zero, the first sealed bid auction on @solana is live on @craftsdev. Riders, join the mock raise using the code RIDE26, and get: - to be part in the Retroactive Token Grant campaign for @Arcium $ARX - higher token allocation in Raise Zero - instant Silver Tier on Crafts - early access to startup data rooms - higher token allocation for oversubscribed public raises - inclusion in upcoming campaigns because price is not supposed to be declared. it's supposed to be discovered 👇

I just completed Raise Zero on @craftsdev. Check the quoted post to see how Craft's sealed-bid auction model works. It’s the same approach Google used for its 2004 IPO, and it's built to drive real price discovery before launch. All bids stay private and encrypted with @Arcium's MPC. Raise Zero is happening on Solana Devnet with mock capital, no real funds involved at this point.

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:

Spent way more time thinking about allocation strategy on Raise Zero @craftsdev than I expected. Ended up splitting my bids across: > Evidentos > Kynara Bio > Basis Markets What surprised me most is how sealed bids completely change your psychology. You stop bidding emotionally. You start thinking in valuations, conviction, and portfolio exposure. Actually feels closer to real early-stage investing than most crypto launches. by @Arcium

few weeks left till we meet on the island. until then, time to experience price discovery the way it's supposed to be. participate in Raise Zero, the fist sealed bid auction onchain, by @craftsdev, use the code ISLAND and get extra perks: - be part of the Retroactive Token Grant campaign for @Arcium $ARX - higher token allocation in Raise Zero - instant Silver Tier on Crafts - early access to startup data rooms - higher token allocation for oversubscribed public raises - inclusion in upcoming campaigns how to join: 👇

Even if you don’t plan to participate in the @refihub sale on @craftsdev, it’s worth watching how it plays out. Crypto has a bad reputation for inflated FDVs. With a sealed-bid auction, FDV is discovered by the market, not arbitrarily set by the team. Basically ICO on Crafts works like this: The clearing price (final sale price) is the lowest price at which the full token allocation can be sold. -> Let’s say the ICO allocation is 1,000 tokens. We need to find the price at which those 1,000 tokens can clear. Investors submit bids: A bids for 200 tokens at $1.00 B bids for 300 tokens at $0.80 C bids for 400 tokens at $0.60 D bids for 500 tokens at $0.40 The auction sorts bids from highest price to lowest: At $1.00, demand = 200 tokens At $0.80, cumulative demand = 500 tokens At $0.60, cumulative demand = 900 tokens At $0.40, cumulative demand = 1,400 tokens The sale needs to place 1,000 tokens. At $0.60, demand is still too low because only 900 tokens want to buy at $0.60 or higher. At $0.40, demand reaches 1,400 tokens, more than the 1,000 tokens available. ➝ So the clearing price becomes $0.40. ➝ A, B, and C get filled in full. ➝ D gets partially filled for the remaining 100 tokens. ➝ Everyone pays the same price: $0.40. If cumulative demand at $0.60 had reached 1,000 tokens instead of 900, then the clearing price would have been $0.60. TLDR: the auction stops at the first price level where demand is high enough to absorb the full allocation. If you want to test your assumptions around market-driven FDV, make sure to understand the dual structure that comes with Crafts. Crafts links the token to a legal structure where an SPV/DAO LLC signs a SAFE with the company, and token holders get exposure through that entity.