Zama Public Auction Announcement
We will be selling 10% of the $ZAMA token supply through a sealed-bid Dutch auction on Ethereum. The auction will use the Zama protocol itself and employ FHE (Fully Homomorphic Encryption) technology to ensure the confidentiality of the bids.
Key Implications:
◼️ Fair allocation, true price discovery
◼️ Prevents bot bids and gas fee conflicts
◼️ Instant token unlocking
🗓️ Auction: January 12th to 15th
🗓️ Claim: January 20th
$ZAMA is the utility token of the Zama protocol, which provides a layer of confidentiality for existing L1/L2 encryption:
◼️ Pays encryption and decryption fees
◼️ Staking or delegating to operators
◼️ Helps protect FHE coprocessors and KMS nodes
The mainnet is expected to launch before the end of the year, and $ZAMA will be fully operational before the auction.
Get launch notification: