Zama Adjusts Schedule for Ethereum-Based ZAMA Token Dutch Auction

According to Zama co-founder Rand Hindi, the Ethereum-based ZAMA token Dutch auction has been rescheduled to late January, with token claiming set for early February while maintaining the planned sale structure.

ETH

Summary

Zama co-founder Rand Hindi announced an official update to the ZAMA token auction schedule, confirming that the Ethereum-based Dutch auction will now take place from January 21 to January 24. The auction was previously scheduled for January 12 to January 15 and involves the sale of 10% of the total ZAMA token supply. Participants will be able to claim their purchased tokens starting February 2.

Terms & Concepts
  • Dutch auction: A bidding mechanism where the token price starts at a higher level and gradually decreases until buyers purchase the available supply.
  • Ethereum: A blockchain network that enables smart contracts and decentralized applications, serving as the platform for the ZAMA token auction.
  • Token claim: The process by which auction participants receive their purchased tokens after the sale has concluded.