According to Foresight News , FHE cryptography company Zama announced it will sell 10% of its ZAMA token supply on Ethereum via a Dutch auction from January 12th to 15th, with collection starting on January 20th. The auction uses the Zama protocol to maintain bid confidentiality, aiming for fair allocation and true price discovery, avoiding bot buying and gas fee wars. The tokens will be unlocked immediately after the auction concludes.
ZAMA is the public token of the Zama protocol, primarily used for paying encryption and decryption fees. It can be staked or delegated to operators and helps protect the FHE coprocessor and KMS nodes. The Zama mainnet is expected to launch by the end of the year, and ZAMA will be fully available before the auction.
