Introducing Zama (ZAMA) on KuCoin Spotlight – Bid in the Auction!
KuCoin is excited to announce the 33rd Spotlight Token Sale featuring Zama (ZAMA).
As a partner in the Zama Public Auction, KuCoin Spotlight is introducing a sealed-bid Dutch auction mechanism. Users can bid up to 10 times using USDT or USDC at their chosen prices, while keeping bids confidential. After the auction, the Zama team will collect and sort all bids to determine the clearing price, ensuring fair distribution, price discovery, and capital efficiency.
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Go to the Spotlight Center (The ZAMA Spotlight page is expected to go live in 24 hours.) >>>
About the Project
Zama adds a layer of confidentiality to existing public blockchains such as Ethereum and Solana.
It enables users to shield their tokens and confidentially transfer, swap or stake them in DeFi. Some use cases include confidential stablecoins, swaps, RWA tokenization and DeFi. Zama is like HTTPS, but for blockchain transactions.
Zama leverages state-of-the-art Fully Homomorphic Encryption (FHE) technology, which enables computing directly on encrypted data. FHE has long been considered the “holy grail” of cryptography, as it allows end-to-end encryption for any application, onchain or offchain, and is secure even against quantum computers.
Zama has secured $57m in a Series B funding round. The funding, co-led by Blockchange Ventures and Pantera Capital, brings Zama's total funding to more than $150m and its valuation to more than $1bn.
Website | X (Twitter) | Telegram | Whitepaper
ZAMA Spotlight Token Auction Details:
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Project Name: Zama
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Ticker: ZAMA
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Total Supply: 11,000,000,000 ZAMA
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Total Token Offering: 880,000,000 ZAMA
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Bid Price Range: $0.005 (floor) to $5.00 (ceiling) - increments of $0.005
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Order Quantity Per Bid: Whole number
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Minimum Bid Value: $10
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Maximum Active Bids: Up to 10 simultaneous bids per user
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KuCoin Supported Bidding Currencies: USDT & USDC
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Bidding Period: 08:00 on January 21, 2026, to 20:00 on January 24, 2026 (UTC)
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Token Distribution: The ZAMA token will be 100% distributed to the Trading Account. KuCoin will release an announcement once the distribution is completed.
- Bonus: Users participating via KuCoin receive an additional 5% in tokens on their allocation. The timing of the bonus distribution will be determined by the Zama team.
How ZAMA Auction Works on KuCoin Spotlight?
1. Bidding Process:
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During the bidding period, users are able to place bids on the ZAMA Spotlight page using USDC or USDT from their Trading Accounts with varying currencies supported. Once a bid is completed, the corresponding USDT or USDC will be frozen in the account.
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Each bid order must have a price range between $0.005 and $5.00, with the tick size being a positive integer multiple of $0.005 (e.g., $0.010 will be accepted, while $0.011 will be rejected). The quantity must be a positive whole number.
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The page will display the total number of KuCoin participants and the KuCoin total bidding value in real-time, without revealing specific orders from other users.
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Users can view their order history and cancel orders during the bidding period, with corresponding funds immediately unfrozen.
2. Settlement Process:
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All bidding prices and quantities will be compiled and returned to the Zama team, which will sort them from highest to lowest and calculate the clearing price, determined when the total bidding quantity at or above that price equals the total public offering token amount.
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The clearing price and allocation results will be published on the event page based on the following criteria:
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Orders Type |
ZAMA Allocation Rules |
Refund |
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Orders above the clearing price |
Full allocation |
Refund overbid amount: Bidding value - (Allocated tokens * Clearing price) |
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Orders equal to the clearing price |
Pro-rata allocation: (Tokens in order / Total tokens at clearing price) × (Remaining tokens after excluding higher-priced orders) |
Refund excess: Bidding value - (Allocated tokens * Clearing price) |
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Orders below the clearing price |
No allocation |
Full refund |
* For FAQs, please refer to the Help Center: https://www.kucoin.com/support/48142946141544
3. To participate in the Spotlight event, please use a master account and complete KYC/KYB verification promptly and sign the purchase agreement on the subscription page.
4. Users from certain countries/regions are not supported to purchase tokens (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.
5. Any additional information on the Zama Auction can be found here: https://x.com/randhindi/status/1995439441343631705
Disclaimer: The activity hereby referenced is exclusively owned, operated, and managed by Zama ("Sale Provider"). KuCoin ("Platform") functions solely as a third-party access facilitator of the activity. KuCoin bears no responsibilities, and liabilities, whether expressed or implied, relating to the activity. By proceeding with participation in this activity, you confirm your understanding and acceptance of these terms. For more details, please refer to Zama purchase agreement that you signed before bidding.
Terms and conditions:
1. All participants must strictly abide by the KuCoin Terms of Use and KuCoin Spotlight Terms of Use;
2. KuCoin reserves the right to the final interpretation of the Spotlight Program;
3. The behavior of maliciously taking rewards will result in the cancellation of rewards. KuCoin reserves the final right to interpret these terms and conditions, including but not limited to the modification, change, or cancellation of the activity, without further notice. Please contact us if you have any questions;
4. Bidding does not guarantee allocation. Final allocations are determined after the bidding period ends, based on the clearing price provided by the Zama team and the ranking of bids from all partner platforms. By participating in the auction, you agree that KuCoin may share your bidding details (price and quantity) with the Zama team;
5. For orders being refunded, we will process the refund in the currency you selected at the time of bidding;
6. The buyback program will not be supported this time;
7. If users have doubts about the result of the activities, please note the official appeal period for the result of activities is 2 months after the end of the campaign. We will not accept any kind of appeal after this period;
8. Where any discrepancy arises between the translated and original English versions, the English version shall prevail;
9. Apple is not a sponsor and is not involved in the activity in any manner.
Risk Warning: 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.
Thanks for your support!
The KuCoin Team
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