Zama: Sealed-Bid Dutch Auction Token Sale to Start on January 12

BlockBeats News, December 1st, The fully homomorphic encryption network Zama officially announced that it will sell 10% of the total ZAMA token supply through a sealed-bid Dutch auction on Ethereum, with the auction using Fully Homomorphic Encryption (FHE) to maintain bid privacy. The tokens will unlock immediately to ensure fair distribution and true price discovery, without any bot sniping or gas wars.

The auction will take place from January 12th to 15th, with token distribution on January 20th. ZAMA is the utility token of the Zama protocol, used for paying encryption and decryption fees, staking or delegating to nodes, and assisting in securing FHE nodes. Mainnet is expected to launch by the end of the year.