TL;DR
zkSNARKs NFT bidding is open on Zilkroad until September 18 at 01:00, with full refunds for failed bids.
Significant risks exist including a slow ZEC chain, a weak marketplace, and potential rug pull via untraceable U1 wallets.
Despite recent $ZEC price gains, the large 10,000 NFT supply makes the project’s upside uncertain.
zkSNARKs NFT Minting Details
The zkSNARKs NFT mint is conducted via a bidding system. Visit the Zilkroad site to place your bid. The bidding window closes on September 18 (Thursday) at 01:00. If your bid is unsuccessful, a full refund will be issued.
Key Risks to Consider Before Bidding
Before participating, be aware of the following concerns:
- ZecBit: Currently maintaining 0.2 ZEC, but has a history of refund issues and multiple reported problems.
- ZEC Punks: Minted just two days ago and is already trading below its mint price.
- Slow ZEC Chain: The Zcash blockchain is notably slow, and the marketplace ecosystem remains underdeveloped and uncertain.
- Potential Rug Risk: There is a real possibility of a rug pull after bids are collected. Since U1 (unified) wallets are used, identifying bad actors may be difficult.
zkSNARKs NFT Market Outlook
With $ZEC seeing significant price appreciation recently, this project could gain hype momentum. However, with a total supply of 10,000 NFTs, the collection size is relatively large, making the risk-reward ratio ambiguous. Proceed with caution and do your own research.
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