#代币分配与空投 Regarding the ZAMA Dutch auction, I want to share an observation with everyone.

This type of public sale mechanism is quite interesting—Dutch auctions, fully homomorphic encryption, anti-sniping designs—all of which address fairness issues from a technical perspective. However, I’ve noticed that many people, when they see phrases like "final interaction opportunity," tend to fall into a psychological trap: confusing scarcity and urgency.

The reality is this. In any project’s token distribution, the first participants are not necessarily the smartest ones. I’ve seen too many people attracted by early airdrop promises, neglecting the most fundamental question—what is the intrinsic value logic of this project, and how much risk can I afford?

If you genuinely believe in ZAMA’s technological direction and application prospects, prepare these steps before participating: clarify how much you can invest, what proportion this investment is of your overall assets, and whether you can withstand the worst-case scenario. Don’t over-allocate just because the opportunity seems rare, and don’t treat the interaction as an investment.

Sometimes, missing out on an opportunity is far less important than protecting the stability you already have. In the long run, those investors who know how to exercise restraint often go further.