If you have guys on your side that are calculating the implied vol on the puts after the auction based on the price in the secondary market I would love to see the results. It would probably be interesting to others as well.
I doubt that it’s going to be the anywhere near the 100% mentioned here that is very low for this kind of token offering
Hilariously it seems that the whole thing about imputing the implied vol of the puts was only part of the story because of the accredited investor discount! This is a component of the auction price of algo that wasn’t previously discussed but seems so obvious now.
More info about coinlist process and SEC reg D / accredited investor definition
https://coinlist.co/help/can-non-us-residents-participate-in-a-token-sale-via-token-sale-manager