Real people, one share each
Each Binance Agent ID (a non-transferable .ai name) is one subscription slot, so bots and sybil wallets can't farm it.
One share each, one price for all: the issuer picks who can join (Binance Agent ID, BABT, token holders, a whitelist or everyone). The moment a round is full it launches: everyone gets in in the same second at the same price, and the token is created on Flap.