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Zama will hold a Dutch Auction from January 12 to 15, intending to sell 10% of the ZAMA supply.
Foresight News reports that the FHE Cryptography company Zama announced it will sell 10% of its ZAMA Token supply through a Dutch auction on Ethereum. The auction will take place from January 12 to 15, and distribution will begin on January 20. The auction uses the Zama protocol to maintain bid confidentiality, aimed at achieving fair distribution and real price discovery, avoiding Bots snatching and Gas Fee wars, and the tokens will be unlocked immediately after the auction ends. ZAMA is the utility token of the Zama protocol, primarily used to pay for encryption and decryption fees, and can be staked or delegated to operators, helping to protect FHE coprocessors and KMS Nodes. The Zama Mainnet is expected to launch by the end of the year, and ZAMA will be fully online before the auction.

