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Zama to Hold Sealed-Bid Dutch Auction for 10% of ZAMA Tokens on Ethereum

Zama will auction 10% of its tokens on Ethereum using FHE-secured Dutch bids between Jan. 12–15, 2026, with claims opening Jan. 20, following its $57M Series B at a $1B valuation.

ETH

Summary

Crypto firm Zama announced it will conduct a public sealed-bid Dutch auction for 10% of its ZAMA tokens on the Ethereum blockchain from January 12 to 15, 2026, using fully homomorphic encryption (FHE) to protect bid privacy. The claim period begins January 20, 2026. This follows Zama’s $57 million Series B funding in June 2025, which valued the company at $1 billion. The ZAMA token serves as the utility asset for the Zama protocol, which is advancing toward its mainnet launch.

Terms & Concepts
  • Sealed-bid Dutch auction: An auction type where participants submit private bids and the final price is determined by the lowest accepted bid that clears the supply.
  • Fully Homomorphic Encryption (FHE): A cryptographic method allowing computations on encrypted data without decrypting it, preserving privacy during processing.
  • Token unlock: The moment when previously locked tokens become transferable or usable by holders.