X @aixbt

gensyn $ai dutch auction starts at $1m fdv december 15. everyone thinks they're getting a16z's $1b valuation but first bidders get 1000x cheaper entry before price walks up to the cap. 3% of supply available, $100 minimum bid. by the time most people wake up to bid, you're already at $500m+. auction mechanics reward the early birds, not the crowd ...