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Spotlight-ZAMA FAQ

শেষ আপডেট: ১৯/০১/২০২৬

FAQs for Zama Auction on KuCoin Spotlight

  1. How does the Zama Auction work？
The Zama Auction is a sealed-bid Dutch auction. Participants submit confidential bids, and the clearing price is determined based on market demand. This auction method aims to ensure fair price discovery while minimizing manipulation.
Any additional information on the Zama Auction can be found here: https://x.com/randhindi/status/1995439441343631705
  
  1. How is the clearing price determined?
After the bidding ends, the Zama team will submit the aggregated bids to the smart contract to rank all bids from the highest to lowest price. Each user’s final ZAMA allocation is calculated according to the clearing price:
  • Bids above clearing price: Full ZAMA allocation with refund for price difference
  • Bids at clearing price: Pro-rata ZAMA allocation with refund for amount difference
  • Bids below clearing price: No ZAMA allocation with all refund
The clearing price and ZAMA allocations are determined by the Zama team, which reserves the final right of interpretation.
  
  1. Does a bid guarantee an allocation of ZAMA?
Placing a bid does not guarantee an allocation of ZAMA. Allocation is determined after the end of the auction based on the final bid rankings. Only bids that are at or above the clearing price will receive an allocation, subject to the total amount available.
  
  1. What currencies are supported when bidding?
Eligible users are able to place bids in USDT or USDC. Bids made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC.
Any excess funds from bids that did not receive a full allocation will be refunded to users' KuCoin account in the currency you selected at the time of bidding.
  
  1. What is the minimum bid value?
Users must place a minimum bid of 10 USD worth of ZAMA per order. Each user can have a maximum of 10 active bids simultaneously.
  
  1. What is the bidding price range?
The bidding price range is from $0.005 (floor) to $5.00 (ceiling), with increments of $0.005. Only whole number bids are accepted.
  
  1. When and where will the ZAMA token be distributed?
ZAMA token will be 100% distributed to the Trading Account, expected on February 2, 2026. KuCoin will release an announcement once the distribution is completed.
  
  1. What are the requirements to participate in Zama Auction?
To participate in Zama Auction, users must:
  • Complete Identity Verification (KYC or KYB)
  • Use a master account (sub-accounts and restricted accounts are not eligible)
  • Reside in a region not restricted by compliance regulations
KuCoin reserves the right to disqualify users found engaging in fraud, manipulation, or multi-account abuse.
  
  1. What are the restricted countries or regions in Zama Auction?
Users from certain countries/regions are not supported to participate (applicable only to users participating on KuCoin): Afghanistan, Belarus, Burundi, Canada, Central Africa, Cuba, Democratic Republic of Congo, Donetsk Region, Eritrea, Ethiopia, France, Guam, Guatemala, Guinea, Guinea-Bissau, Haiti, Hong Kong Special Administrative Region, Iran, Iraq, Kherson Region, Kurdistan Region, Laos, Lebanon, Libya, Luhansk Region, Mali, Malaysia, Mainland China, Moldova, Montenegro, Myanmar, Netherlands, Nicaragua, Niger, North Korea, Northern Mariana Islands, Palestine, Pakistan, Puerto Rico, Russia, Singapore, Somalia, South Sudan, Sudan, Syrian Arab Republic, The Crimea Region, Tunisia, Uganda, Ukraine, United Kingdom, United States of America, including all US territories, Uzbekistan, Vanuatu, Venezuela, Yemen, Zaporizhzhia Region, Zimbabwe.
Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
   

Disclaimer

Spotlight is a high-risk investment channel. Investors should be sensible in their participation and be aware of investment risks. KuCoin is not liable for users’ investment gains or losses. The information we provide is for users to conduct their own research. KuCoin reserves the right to the final interpretation of the activity.