The zkSNARKs blind auction settled at 1.5 ZEC per identity on 17 Sept 2026, 18:20 UTC. Every figure below is recomputed from the project's own published results, including the per-bid results file.
Derived from the project's published results · snapshot . Recomputed manually from source, not a live feed.
Clearing price
1.5 ZEC≈ $2,288 per identity
Charged to buyers
12,000 ZEC≈ $18.3M · 13,305 ZEC refunded
Demand
2.12×16,971 units bid for 8,000 offered
Holders
708hold all 8,000 public units · median 3
What happened after delivery
Issuer market · 0% royalty
The issuer opened its own secondary market, where these items actually change hands. The floor has since settled well under the price winners paid, which is what the auction's own demand curve implied: only 740 bidders wanted units at 1.5 ZEC or more, barely covering the supply on offer.
Floor
0.348 ZEC≈ $531 · -76.8% vs clearing
Sales
3,552257 in the last 24 hours
Volume
5,209 ZEC136 ZEC in 24 hours
Listed
1,891of 10,000 · min offer 0.1745 ZEC
Venue-reported figures read at , not independently verified settlement. Listing counts include unserious asks. We take no fee and hold no items; this is a record of their venue, not an offer to trade.
A blind auction publishes something an ordinary sale never does: the whole demand curve. Demand did not stop at the clearing price — 5,334 units were bid for at 2 ZEC or more, above the 1.5 ZEC that winners actually paid.
At or above
Units bid for
Bidders
Demand vs supply
0.1 ZEC
16,972
3,423
2.12×
0.25 ZEC
15,371
2,811
1.92×
0.5 ZEC
14,006
2,367
1.75×
0.75 ZEC
12,059
1,712
1.51×
1 ZEC
11,181
1,490
1.40×
1.25 ZEC
8,932
886
1.12×
1.5 ZECclearing price
8,128
740
1.02×
2 ZEC
5,334
452
0.67×
2.5 ZEC
2,791
189
0.35×
3 ZEC
1,576
128
0.20×
5 ZEC
277
24
0.03×
11 ZEC
1
1
0.00×
Top bid 11 ZEC. Minimum bid 0.1 ZEC. The published summary reports 16,971 units demanded while the per-bid file sums to 16,972; both are shown as published rather than reconciled here.
The buyers who got nothing
Where secondary demand comes from
Bidders left empty-handed
2,71579.3% of funded bidders
Units they wanted
8,963more than the 8,000 that existed · $20.5M at clearing
Bid 1–1.5 ZEC
750wanting 3,053 units · the nearest buy side
Losing bids were refunded in full. A bid is evidence of what someone would pay at that moment, not a commitment to buy later, and these bidders cannot be contacted from any public record.
How concentrated the supply is
Allocation at settlement
Cohort
Units held
Share of public supply
Largest 10 allocations
1,752
21.9%
Largest 50 allocations
4,654
58.2%
Largest 100 allocations
5,889
73.6%
All 708 allocationsmedian 3 units
8,000
100%
Largest single allocation 259 units. This is the allocation at settlement, not current ownership: transfers since delivery are private and cannot be observed. Treasury (1,264) and SNARKLIST (736) units sit outside the 8,000 sold.
Corrections to published coverage
5 items
Reported The auction attracted 16,971 bids.
Actually 16,971 is the number of units bid for, not the number of bids. There were 3,423 funded bids.
The published results report totalDemand 16,971 against bidsCounted 3,423, and the results CSV has one row per funded bid.
Reported The sale had a total volume of 25,305 ZEC.
Actually 25,305 ZEC is everything that arrived, not what the sale earned. Buyers were charged 12,000 ZEC and 13,305 ZEC was refunded, because a blind auction asks for your maximum and returns the difference.
totalChargedZec 12,000 and totalRefundZec 13,305.006289 in the published results. 8,000 units at the 1.5 ZEC clearing price is exactly 12,000 ZEC.
Reported 1,000 units went to the SNARKLIST and 1,000 to the project treasury.
Actually The SNARKLIST cap was 1,000 but 736 were assigned and 111 skipped. The treasury holds 1,264.
snarklistAssigned 736, snarklistSkipped 111, treasuryCount 1,264 in the published results. The 8,000 units sold, 736 assigned, and 1,264 treasury units add to the 10,000 total; the 111 skipped entries are reported separately and are not part of it.
The project committed to a settlement seed before the close and anchored a hash of the results file in a Zcash transaction. That transaction is real: block 3,486,778 at 2026-09-17 17:27:50 UTC. It moved no transparent value, so its payload rides in a shielded memo. To anyone outside the project it proves when the results were published, not what they say.
There is still no public per-item record: no token, holder, or trait endpoint exists, ownership resolves only through the project's own claim flow, and delivery went to unified shielded addresses. The collection is described as encrypted identities stored on Zcash, so privacy is the product rather than a gap waiting to be filled. Trades settle inside the issuer's venue against its registry. Any other site claiming to verify these holdings, including this one, would be claiming something it cannot do.
The issuer opened its own market, and the floor fell
On 17 September this page recorded a marketEnabled flag set to false and predicted the issuer could open a first-party market whenever it chose. It has since done so, with zero royalty, and the floor now sits well below the 1.5 ZEC clearing price. Because they hold the only ownership registry, that is the venue where these items actually change hands. This page is a reference for what the sale did and what the market has done since, not a competing venue.
A bid code is a live claim credential: anyone holding it can look up and act on that allocation. No marketplace, including this one, ever needs it. We will not add any flow that asks for one, and you should treat any site that does as hostile.
This site is independent
ZEC Market is not affiliated with zkSNARKs or Zilkroad, and publishes no endorsement by them. Every figure here is derived from their public endpoints and can be rechecked against the sources listed on this page.
Reference USD values use ZEC at $1,525.65, cross-checked against a second venue when this snapshot was taken. ZEC moves; the ZEC figures are the durable ones.
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