Ethos Network WHUF Token Sale Draws Bids from $0.10 to $9.90 per Token

Ethos Network is holding a public token sale for its WHUF tokens from September 1 to 4, 2026, on the Sonar platform. The auction uses a uniform price English format, where all winning bidders pay the same clearing price regardless of their individual bid amounts. WHUF has a fixed total supply of 10 million tokens, with 20% allocated to the public auction and the remaining 80% distributed across team, development, and ecosystem reserves.

The bid prices range from $0.10 to $9.90 per token, translating to a fully diluted valuation range between $1 million at the floor and $99 million at the ceiling. The auction is hosted on the Base blockchain, a layer 2 network built on Ethereum, and participants need Base-compatible wallets with sufficient funds to cover their bid amounts plus network transaction fees for settlement after the auction window closes.

Eligible auction buyers can receive downside protection at 85% of the final clearing price for 12 months. The purchased WHUF must be vouched through Ethos within 30 days and remain vouched to maintain eligibility. The protection floor rises to 90% if the auction clears at $7.50 or above.

The primary risk factor is the gap between the project's current scale and its token valuation range. At $9.90 per token, the fully diluted valuation reaches $99 million for a platform whose current user base has not been reliably disclosed. This ratio implies significant growth expectations are already priced into the upper end of the bid range.