Iceburg

Videos

Pila tecnológica

React

Ethers

Solidity

Node

Web3

Descripción

Participants place sealed bids that stay private until a reveal period, so nobody can see and react to anyone else's pricing in real time. Every bid also carries proof that the bidder is allowed to participate, checked automatically rather than taken on trust. Once bidding closes, anyone can propose a price and allocation for the offering. For a window after that, anyone else can propose a better one, and whichever outcome is actually best is the one that wins and gets paid out. Built into that process are two protections an issuer needs: a cap on how much of the offering any single buyer can take, and a guaranteed minimum number of distinct buyers, so ownership can't end up concentrated in a handful of hands or dominated by one dominant bidder.

Payment runs on USDG, a regulated, dollar-backed stablecoin, chosen specifically because it is built for institutional use. The platform is designed so that if any one participant's account is ever restricted for compliance reasons, it never stops anyone else from receiving what they are owed. Participation can also be sponsored, so a bidder is never required to hold separate funds just to cover the cost of taking part.

Progreso del hackathon

Iceburg was built from the ground up over the course of the hackathon: the core offering mechanics, the pricing and allocation logic, and the full web application for issuers and bidders. After the initial build, the team ran a deliberate, independent review aimed at finding real weaknesses rather than assuming the design was correct. That review caught and fixed several genuine issues, including a flaw in how the best price was being calculated and a scenario where an offering with no proposal submitted could get permanently stuck with no way to return funds to bidders. Every fix shipped with its own test proving the issue was actually resolved, on top of an already extensive automated test suite covering the full lifecycle under a wide range of simulated conditions. The project is now live, not just locally simulated. It has real, verified deployments on two different networks, including real test offerings created and completed through the actual running application, from bid submission through final settlement and payout.

Estado de recaudación de fondos

Not currently raising