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

2025.12.01 19:02:08

On December 1, Zama—developer of the fully homomorphic encryption (FHE) network—officially announced it will sell 10% of the total supply of its ZAMA token via a sealed-bid Dutch auction on Ethereum. The auction will leverage FHE to preserve bid privacy, eliminating bot sniping and gas wars while ensuring immediate token unlocking for fair distribution and true price discovery. The auction runs from January 12 to 15, with token distribution scheduled for January 20. ZAMA is the Zama protocol’s utility token, used to cover encryption/decryption fees, stake or delegate to nodes, and help secure FHE nodes. The mainnet is targeted to launch by year-end.
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