TL;DR
zkSNARKs is launching a 10,000-piece NFT collection via public auction on September 16 at 01:00 KST, priced in $ZEC.
The auction follows a five-step bidding process including entering a Zcash address, selecting payment assets, and transferring from your own wallet.
Participants should be cautious as ZECBIT faces ongoing marketplace and refund issues, and ZEC refunds may take over a week or may not be received at all.
zkSNARKs NFT Minting Information
The zkSNARKs NFT collection is set to launch with a total supply of 10,000 NFTs. The public mint date is September 16 (Wednesday) at 01:00 KST. This is a highly anticipated drop for the Zcash ecosystem, so preparation is key.
How the zkSNARKs Public Auction Works
zkSNARKs is using a public auction format denominated in $ZEC. Here is the step-by-step process to participate:
- Enter your bid — specify the quantity and maximum price in $ZEC
- Enter your Zcash address for delivery
- Select the asset you wish to pay with
- Generate a deposit address for the corresponding chain
- Send the funds directly from your own wallet
ZEC Market Context and ZECBIT Issues
Currently, ZECBIT is trading at approximately 0.35 ZEC (~$400). However, ZECBIT has been facing significant issues including problems with its marketplace, wallet functionality, and refund processing. Given this troubled backdrop, it remains to be seen whether the zkSNARKs public auction can run smoothly.
Important Risk Warning for ZEC Transfers
⚠️ Caution: If you send ZEC and need a refund, be aware that refunds may take over one week — or may not arrive at all. Please assess your risk carefully before participating in the auction.
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