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Fungo Genesis mint is finally live! the free mint is over bout 1 hour ago now the bid sealed auction mint is live, let's focus on how to participate and place your bid. here is how to participate in the Sealed-Bid Auction Around 2,500 Genesis NFTs are available for auction, with a 24-hour bidding window. How to get cZAMA and place your bid Step 1 > Swap ETH for ZAMA ↳ Visit the Fungo website and head to the Funds section ↳ Open the Swap tab. Uniswap will open with ZAMA selected. ↳ Swap your ETH for ZAMA. You can also withdraw ZAMA directly from an exchange that supports it. ➠ Step 2 - Shield your ZAMA ↳ Return to the Funds section and open Shield. ↳ Enter the amount of @zama you want to convert. ↳ Confirm the transaction in your wallet. Your ZAMA will be converted into cZAMA at a 1:1 ratio ➠ Step 3 - Place your sealed bid ↳ Open the Genesis page. ↳ Enter how much cZAMA you're willing to bid per NFT. ↳ Choose the number of NFTs you want. ↳ Click “Place a sealed bid” and confirm the transaction. Pls here is some things you know --> Minimum bid 700 cZAMA --> Keep some ETH in your wallet for gas fees --> Your bid is binding, so think carefully before submitting --> Placing a bid costs gas. The 0.0018 ETH claim fee is paid later when claiming your NFT. ➠ What Genesis NFT holders receive ↳ 1,113,861 $FUNGO per NFT at TGE ↳ A share of 20% of FungoLabs Launchpad revenue. ↳ At least 5%, potentially up to 20%, of every token launched through the Launchpad. my advice for you if you want to bid Bid based on what the NFT is worth to you. Don't get carried away trying to outbid everyone. If you're participating, take your time and make sure you understand the process before submitting Good luck to everyone bidding! Mint link fungolabs.org/launchpad/fund…

The Fungo Genesis whitelist mint is live! 🟨 Everyone on the whitelist can now mint one NFT for each spot they have. Sign in with your X account and mint. The whitelist mint stays open for 3 hours, until 15:30 UTC. After that, the sealed-bid auction for 2,500 NFTs begins. fungolabs.org/launchpad/d/fu…

Fungo Genesis, breakdown of the coming sealed-bid auction One interesting thing about @FungoLabs is how they're approaching NFT auctions with privacy the Genesis NFT mint is scheduled for November 5, 2026, and the auction mechanism is worth understanding before it begins. Here's how it will works First, the Genesis NFT supply: > 500 NFTs - Free mint for approved whitelist holders and nominees (gas fees only). > 2,500 NFTs - Available through a sealed-bid auction. > 232 NFTs - Reserved for the team. That's 3,232 NFTs in total. How does the auction work? Participants choose how much they're willing to pay per NFT and how many they want. an interesting part is that Fungo uses zama FHE technology to keep bid prices and quantities encrypted while bidding is open. this means other participants cannot see your bid details during the auction Let's understand the pricing with an example Imagine 3 NFTs are available, and four people bid for one NFT each: ↳ A bids 3,000 cZAMA ↳ B bids 1,500 cZAMA ↳ C bids 1,000 cZAMA ↳ D bids 500 cZAMA A, B, and C win because they submitted the highest bids. But here's where it gets interesting The final price is 1,000 cZAMA, the lowest successful bid. Everyone who wins pays that same price. ➸ A pays 1,000 and receives 2,000 back. ➸ B pays 1,000 and receives 500 back. ➸ C pays 1,000. ➸ D receives the full 500 back because they didn't win. This example assumes each bidder requests one NFT. In the actual auction, participants can request multiple NFTs, and bids at the final price may share the remaining supply proportionally. you need to remember this -> Bids are binding and cannot be withdrawn --> A small bidding fee is non-refundable --> If demand is below the available supply, everyone buys at the lowest bid price. --> NFTs mint sealed, allowing holders to view their contents privately. this shows that fungo is exploring how encrypted bidding can introduce privacy into on-chain auctions. I'll you be watching or participating on this

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