I've been thinking a lot about the Zama project these past couple of days, and honestly, it's a bit hard to wrap my head around. The last round had a $1 billion valuation, and now they're doing a Dutch auction with a starting price of $55 million.

Here's my approach: I'll use a small account to place a super low bid that probably won't get filled, and use a main account to place bids within the estimated valuation range. Their presale period is 3 days, and the matching logic is top-down from highest to lowest bid. It starts on January 12, with refunds and token distribution on the 20th.

To be honest, in this market, making huge profits isn't very realistic—it’s probably more like a steady, conservative investment with limited upside. Still, I'm watching to see if anyone shares smarter strategies for participating. After all, with a Dutch auction, your timing really makes a difference in your final returns.