Zama has completed a $130 million financing and has launched a public offering, supporting mainland users with KYC verification and address proof. The participation threshold is relatively friendly.

The schedule is tight — the public offering is open until January 24, and the (Claim) is arranged for February 2. During this period, a situation where primary market and pre-market contracts coexist will form. This window is actually an arbitrage opportunity that experienced players often exploit, as there are often price differences between different tiers.

As long as the final fully diluted valuation (FDV) is not unreasonable, tiered participation remains a strategy worth considering — buy multiple layers to spread out the cost.

Here's a detail to note: if you hold OG NFTs, it might be worth running through the entire process with a wallet that doesn't have NFTs first. Some people have reported on social media that they were flagged due to NFT association, and there's no need to risk a ban over this. Doing proper homework before getting started is the safest approach.