Zama to Hold Public Token Auction Using Encrypted Dutch Bidding

Zama confirmed its public sale will begin tomorrow using its sealed-bid Dutch auction model, reinforcing its focus on secure, encrypted blockchain-based fundraising.

Summary

Zama announced its public sale will start tomorrow at 16:00, utilizing a sealed-bid Dutch auction model developed on the Zama Protocol. This follows earlier details outlining the use of proprietary homomorphic encryption for the single-price auction, scheduled from January 21 to January 24, 2026. Token generation remains set for February 2, 2026, with a fully diluted valuation floor of $55 million.

Terms & Concepts
  • Homomorphic encryption: A form of encryption allowing computations to be performed on encrypted data without decrypting it.
  • Single-price sealed-bid Dutch auction: An auction method where all winning bidders pay the same price, determined after sealed bids are collected.
  • FDV (Fully Diluted Valuation): A market capitalization measure assuming all possible tokens are in circulation.